North Bay Resources Inc. (NBRI.PK) Acquires Coronation Gold-Silver Property
North Bay Resources Inc. announced that it has acquired the Coronation Property near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property covers 103 acres over several reverted crown grants and includes three past-producing mines; the Colorado, the V&M, and the Senator mines, in addition to the Coronation. Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 g/t gold, 6000 g/t silver, 10.9% zinc, and 1.2% lead. According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams per tonne silver…