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Wednesday, 25th March 2009 (1006 views)

North Bay Resources has announced that it has acquired the Bouleau Creek gold property in British Columbia, Canada.

According to the company, geological mapping and rock sampling conducted on the site by Inco Exploration in 1991 discovered two types of quartz veins with anomalous gold, including a 'higher grade' vein type containing up to 34 g/t gold.

A new vein was found on the property in 2002 by Solomon Resources during a survey, but North Bay Resources suggested that little follow-up trenching and detailed prospecting had been carried out.

"North Bay believes that Bouleau Creek Gold is a property of merit and deserves to be re-assessed in light of the 200 per cent increase in the price of gold since 2002," the firm stated.

Located 26km west of Vernon in south-eastern British Columbia, the prospect covers 1,225 acres and is adjacent to the Brett Gold joint venture project, which has indicated resources of 11,970 tonnes grading 39.12 g/t gold.

Based, in Skippack, Pennsylvania, North Bay Resources is a junior mining company with more than 100 mineral and placer claims in British Columbia.

 

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