If you are currently looking into the possibility of getting into mining stocks then it might be a good move to take a look at the North Bay Resources Inc (OTCMKTS:NBRI) stock. The stock was in considerable focus among investors on Friday after it made a key announcement and that saw the stock rallying by as much as 17%.
This past Friday, North Bay Resources announced that it was in the process of beginning the exploration season for 2021 at the Tulameen Platinum Project, which it owns 100%. The project in question is situated in the south eastern region of British Columbia and the announcement about the plans for the 2021 exploration season seems to have excited investors.
It was a significant announcement from the company and the reaction from market participants was perhaps understandable. In this context, it should be noted that the work that is going to be done at the property is going to be a continuation of the work North Bay had accomplished in 2018 at same property.
At the time, the company had managed to identify a 135 million ton exploration target at the same property. Investors could consider keeping an eye on further updates from North Bay Resources.