North Bay Resources to acquire Bendito Resources in $25M deal, adding Mexico asset portfolio

North Bay Resources Inc. (OTC:NBRI) announced connected Thursday it has struck a woody to get privately held Bendito Resources Inc for $25 million, arsenic it looks to grow its footprint with a portfolio of precocious and exploration-stage projects successful Mexico.

The deal, structured arsenic a one-time currency outgo for a 100% involvement successful Bendito connected a debt-free basis, volition springiness North Bay power of aggregate assets chiefly located successful Sonora, a cardinal mining portion successful bluish Mexico.

Among the assets included successful the statement is the Oposura zinc-silver-lead project, a afloat permitted and construction-ready cognition with a planned 1,000-tonne-per-day capacity. The task has seen extended drilling and already includes antecedently acquired mining and milling equipment.

A 2024 preliminary economical appraisal outlined measured and indicated resources of astir 1.68 cardinal tonnes, with zinc, pb and metallic grades suggesting a perchance robust polymetallic deposit. Additional inferred resources further grow the project's scale.

North Bay volition besides summation the Alacran silver-gold-copper project, an precocious exploration plus spanning much than 5,400 hectares. The task hosts aggregate deposits and lies adjacent a large producing copper excavation operated by Grupo Mexico, underscoring the region’s established infrastructure and mineral potential.

Resource estimates astatine Alacran constituent to important metallic and golden mineralization crossed its Mesa de Plata and Loma Bonita deposits, based connected anterior method reports.

Another cardinal plus is the Promontorio copper-gold task successful Chihuahua state, which includes some the Promontorio and Cascada deposits. Historical estimates bespeak combined resources with copper, golden and metallic content, positioning it arsenic a sizeable exploration-stage project.

The portfolio besides includes 5 further properties prospective for copper, zinc, gold, metallic and graphite, though 1 golden project, Sara Alicia, is presently excluded from the statement pending ongoing discussions tied to a anterior exploration arrangement.

Separately, North Bay said operations astatine its Bishop Gold Mill successful Nevada resumed successful March, with the processing of a trial shipment from its Fran Gold Project. The institution added that a ore transportation was completed successful Reno this week, with colony pending.