KELLOGG, IDAHO. New Jersey Mining Company (Symbol: NJMC - OTC Bulletin Board) has completed a preliminary sampling program of the lower Teddy tunnel on its Wisconsin-Teddy claims north of the New Jersey mine. The Wisconsin-Teddy project is a base metal project, and mineral occurrences have significant gold content. The project area is underlain by northwest-dipping beds of the lower Prichard formation.

The Teddy prospect was active prior to 1930 when about 600 meters of underground workings were driven including 3 adits and one raise. A lead-zinc vein was of primary interest. From recent geological mapping, it is clear that a thrust fault truncates the lead-zinc vein, thus explaining why the old timers could not find the vein on the lower level.

The recent inspection of the lower adit showed that at least three veins are cut by the mine openings. The entire area inspected has abundant veinlets of quartz and calcite. Two of the three veins showed anomalous gold values. Samples of stratabound mineralization in Prichard beds showed anomalous gold, copper, and mercury.

All sample results are stated in parts per million except gold which is parts per billion. All samples were grab samples except the Copper-gold vein which was a chip sample over a 0.45 meter width. Sample results were as follows:

The mineralization observed in the lower Teddy adit is consistent with the Company's interpretation that mineralization was emplaced in Prichard strata at the time of deposition in Precambrian time or shortly thereafter. The main target, besides the veins, is a stratabound base metals deposit with significant precious metals. Future exploration on the Wisconsin-Teddy project is being considered and may include geophysical surveys and drilling.