|
KELLOGG, IDAHO. New Jersey Mining Company
(Symbol: NJMC - OTC Bulletin Board) is pleased to report the
initial results from its exploratory core drilling program
at its New Jersey mine near Kellogg. To date, eleven holes
have been drilled for a total of 1,310 meters (1 meter = 3.28
feet). Assay results have been received for the first six
holes which are presented below:
|
Hole ID
|
From (m)
|
To (m)
|
Length (m)
|
Gold Grade
(grams/tonne)
|
Gold Grade
(grams/tonne)
|
|
DDH02-2
|
44.0
|
56.5
|
12.5
|
2.76
|
0.081
|
|
including
|
49.9
|
52.4
|
2.5
|
6.8
|
0.198
|
|
DDH02-3
|
59.7
|
66.2
|
6.5
|
1.12
|
0.033
|
|
DDH02-4
|
12.9
|
17.4
|
4.5
|
1.52
|
0.044
|
|
DDH02-5
|
19.5
|
23.4
|
3.9
|
1.16
|
0.034
|
|
DDH02-6
|
18.8
|
23.6
|
4.8
|
1.71
|
0.050
|
|
DDH02-6
|
29.5
|
34.6
|
5.1
|
0.67
|
0.020
|
DDH02-1 was drilled to a depth of 305.2 meters, but deviated
from its target, the Coleman vein at depth. However, 1 meter
of gold-arsenic mineralization grading 1.1 gpt Au was encountered
at a depth of 293.2 meters.
DDH02-2 and DDH02-3 were drilled to investigate a geophysical
anomaly. DDH02-2 discovered an oxidized quartz vein zone about
31 meters vertically below the surface. This new zone is about
120 meters north of the pit. DDH02-04, DDH02-05 and DDH02-06
were drilled near the pit.
Assay results from the remaining five holes are pending.
Core sampling, surface and underground mapping, and check
assay tasks will continue throughout the autumn months. More
geologic analysis is required before any interpretations can
be made with regards to the gold mineralization system at
the New Jersey mine.
Drilling has been temporarily suspended while the contractor
completes an unrelated project at high altitude in Montana.
Another 460 meters of core drilling is planned for the New
Jersey site this year at three sites: the Scotch Thistle-
a gold prospect 1 kilometer southeast of the pit, a strata-bound
silver target 600 meters northeast of the pit and the Wisconsin
- a base metal prospect 600 meters north of the pit.
In other news, the Company has received a permit from the
US Forest Service for its drilling program at the Silver Strand.
It is currently expected that a drill will mobilize to the
site in early October. The purpose of the hole at the Silver
Strand is to confirm the vertical continuation of the ore
shoot below the No. 3 Level. Once drilling is completed at
the Silver Strand, the drill will move back to the New Jersey
mine area. The permit application for drilling at the Lost
Eagle is still under review by the USFS.
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 five mineral properties in the Coeur d'Alene
Mining District: the New Jersey mine, the Silver Strand mine,
the Lost Eagle project, 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. | 
