North Bay Resources Inc. Agrees to JV on Fraser River Platinum Project

North Bay Resources Inc. (OTCBB:NBRI) announced it has signed a memorandum of understanding for a joint-venture on North Bay’s Fraser River platinum project.

As quoted in the press release,

The Fraser River Platinum Property is located near Lytton in south-central British Columbia, Canada, and covers approximately 4.5 kilometers of placer claims along the Fraser River. The property includes the Van Winkle Bar, from which BC MINFLE 092ISW078 and BC Open File 1986-7 have documented historical assays of 5681 grams (182.67 ounces) per tonne platinum from black sand concentrate.

Click here to read the North Bay press release.