|By Marketwired .||
|February 18, 2014 08:15 AM EST||
NEVADA CITY, CA -- (Marketwired) -- 02/18/14 -- Ruby Gold, Inc. ("RGI", or the "Company"), a wholly-owned subsidiary of North Bay Resources Inc. (OTCQB: NBRI) ("North Bay") is pleased to announce that it has appointed Mr. William S. Watters, P.E., as the Company's Chief Operating Officer, effective March 3, 2014.
Mr. Watters holds a B.S. degree in Mining Engineering from the Mackay School of Mines at the University of Nevada-Reno, and was the Senior Mine Engineer at the Ruby Mine when the Ruby was last in operation in 1998. Mr. Watters was also the Chief Mining Engineer at the Idaho-Maryland Mine in Grass Valley, CA, and more recently was the Chief Inspector/Engineer at the $333 Million New Irvington Tunnel Project in San Francisco. In addition to being a Registered Professional Engineer (Civil, CA; Mining, WY), Mr. Watters is a Mine Rescue Team Trainer, has a California Safety Representative License, and is a Mine Safety and Health Administration ("MSHA") Trainer (blue card).
Mr. Watters' COO duties will include serving as the Mine Manager for the Ruby Mine in Sierra County, California, responsible for management, supervision and all aspects of operations at the Ruby. When the planned spinoff of RGI as an independent company is completed, Mr. Watters will then become the Company's Chief Executive Officer, and will also be given a seat on the Board of Directors. Prior to his appointment, Mr. Watters has been serving as an independent consultant to the Company since 2011, providing engineering advisory services at the Ruby Mine, as well as advising the Company on safety compliance issues with the federal and state mine safety regulatory agencies, MSHA and Cal/OSHA.
RGI President and Interim CEO Perry Leopold commented, "I am extremely pleased to have Bill join the Ruby team on a fulltime basis to help lead the project forward into the mining phase of our business plan. In addition to the wealth of his professional experience on a variety of diverse projects over the years, his intimate knowledge of the Ruby Mine in particular will be invaluable to us as we begin mining our near-term targets and prepare to expand operations. I am looking forward to working closely with Bill, and I am confident his leadership of the Ruby Gold Project will contribute greatly to our ultimate success."
About Ruby Gold, Inc.
Ruby Gold, Inc., a wholly-owned subsidiary of North Bay Resources Inc. (OTCQB: NBRI), is the owner and operator of the Ruby Mine (the "Ruby"), a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California. The Ruby is known to have produced over 350,000 ounces of gold since the 1850's, and is considered to be part of the northern extension of the historic Mother Lode system. The Ruby property covers approximately 1,755 acres, only a small portion of which has been explored to date. The property consists of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information on the Ruby Mine, please visit the Ruby web page at http://www.northbayresources.com/ruby/.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Cautionary Note to U.S. Investors -The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and subsequent Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml
Ruby Gold, Inc.