KELLOGG, IDAHO. New Jersey Mining Co. (NJMC - OTC Bulletin Board) has recently increased its property position adjacent to its New Jersey mine located in the Coeur d’Alene mining district of northern Idaho- also known as the Silver Valley. The mineral rights of 80 acres containing the Wisconsin and Teddy mines were acquired.

The Wisconsin mine was developed by a 700-foot tunnel which was driven on a quartz vein containing copper and gold mineralization. Some copper production occurred in the early part of the century. Preliminary field investigations by New Jersey have delineated a large mineralized structure approximately 100 feet in width and at least 1500 feet in strike length. Samples within this structure show anomalous values in gold, silver, lead and copper: 0.34 g/t gold, 23 g/t silver, 0.22% lead and 0.24% copper.

The Teddy mine has been developed by 5 tunnels and a raise totaling 2,000 linear feet of development prior to 1930. According to production records, the vein is 15 feet wide and contains silver-zinc-lead mineralization.

Exploration plans for the Wisconsin and Teddy will consist of reopening the underground workings for sampling and mapping in order to determine possible drill targets.

Both of these properties are located in the lower Prichard formation rock group. The Prichard formation is the oldest and lowermost rock group in the Coeur d’Alene district and postulated by some geologists as the possible source of the silver, lead and zinc veins of the Silver Valley. Cominco Ltd.’s Sullivan orebody in British Columbia is located in the Prichard formation. New Jersey Mining Co. is focusing on exploration in the Prichard formation for gold and silver-lead-zinc deposits.