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KELLOGG, IDAHO. New Jersey Mining Company
(Symbol: NJMC - OTC Bulletin Board) has completed preliminary
metallurgical testwork on ore from its Silver Strand mine.
The purpose of the testwork was to determine a feasible process
for recovering silver and gold from the Silver Strand ore
as part of an engineering exercise for a possible seasonal
mining operation.
This phase of testwork consisted of flotation and cyanidation
tests. A bulk sulfide flotation concentrate was produced by
the testwork. Assays of the concentrate ranged from 16 to
47 grams/tonne gold and from 4,200 to 13,500 grams/tonne silver.
The tailings from the flotation tests were leached with cyanide,
increasing total recoveries of gold and silver to the 90%
level. Testwork is planned to treat the concentrate using
pressure oxidation to make the concentrate amenable to cyanidation
as an alternative to sale of concentrate to a smelter.
In other news, the Company has completed building the road
for access to the drill site for the planned diamond drilling
program at the New Jersey mine this year. The drill target
is the northernmost geophysical anomaly which was found by
the induced polarization (IP) and resistivity survey last
autumn. The target is about 240 meters north on strike from
the known orebody. The new road should provide access to possible
future drill sites as well. About one kilometer of road was
constructed. Efforts will now focus on selecting a contractor
to drill two holes each with a planned depth of 150 meters.
New Jersey Mining Company is involved in exploring for and
developing gold, silver and base metal ore resources in the
Coeur d'Alene Mining District of northern Idaho. The Company
has a portfolio of four mineral properties in the Coeur d'Alene
Mining District: the New Jersey mine, the Silver Strand mine,
the CAMP project and the Wisconsin-Teddy project.
Disclaimer: This press release may contain
forward-looking statements within the meaning of Section 27A
of the Securities Act and Section 21E of the Exchange Act. Forward-looking
statements are inherently subject to risks and uncertainties,
many of which cannot be predicted with accuracy, and some of
which might not even be anticipated. |