North Bay Resources Inc. (NBRI.PK) Signs LOI for Rainbow Creek Platinum Joint Venture
North Bay Resources Inc. announced that it has signed a Letter of Intent ("LOI") with a private Canadian-based company to pursue a joint venture agreement for the prospective exploration and development of the Rainbow Creek Platinum Project. North Bay's Rainbow Creek Platinum property is a placer claim located approximately 60 kilometres south of the town of Mackenzie in north-central British Columbia, and close to the historic Mt. Milligan copper/gold porphyry deposit. The property covers 182 acres along a 1.6 kilometre stretch of Rainbow Creek, a tributary of the Nation River, and reportedly contains gold, platinum, and iridium. While no reliable…