|
KELLOGG, IDAHO. New Jersey Mining Company
(Symbol: NJMC - OTC Bulletin Board) recently completed an
underground sampling program at its New Jersey mine near Kellogg.
High grade gold was encountered at the northwest face of the
2400 Level drift which assayed 14.1 grams per tonne (gpt)
of gold across a horizontal width of 1.55 meters.
Access was re-established down an inclined raise which connects
the Keyhole level to the 2400 level covering a vertical distance
of about 90 meters. The raise is inclined at about 57 degrees
from horizontal. A significant length of the raise was not
on the vein but in the un-mineralized footwall of the vein.
Apparently, the old-timers lost the vein due to an offsetting
fault as they were driving the raise prior to 1909. Chip samples
at 3 meter intervals were taken in the raise across the vein
where it was exposed and also in the 2400 level drift. The
results are summarized below:
|
Location
|
Average Horizontal Width (m)
|
Gold Grade
(grams per tonne)
|
| 2400 Level NW Face |
1.55
|
14.14
|
| Upper Raise [8 samples] |
1.33
|
1.74
|
| Lower Raise [4 samples] |
1.16
|
0.93
|
The sampling results demonstrate the potential for high-grade
gold shoots within the Coleman vein structure. Exploration
plans call for underground drifting on the Coleman vein starting
at the 2400 level northwest face and crosscutting to the northeast
to explore mineralization discovered by earlier drilling.
The underground work will explore for the downward projections
of DDH02-02 which had a 12.5 meter intercept that ran 2.76
gpt and an arsenopyrite zone discovered in 2001 which may
contain a high grade vein.
During this winter an effort has been made to map and sample
the area surrounding the New Jersey mine. One prospect that
was inspected is known as the Scotch Thistle which is located
about 1.0 kilometer southeast of the New Jersey mine. A sample
was collected from a quartz vein that contained minor amounts
of arsenopyrite. The vein assayed 13.15 gpt gold across 0.5
meter of width. Drilling is planned to explore this prospect
further.
Work continues to obtain operating permits for the Silver
Strand mine. An operating plan is nearly completed. Also a
metallurgical testwork program has just been completed to
determine recoveries and concentrate grades using conventional
flotation. Concentrate grades for the first partially-oxidized
block to be mined averaged 100 gpt gold equivalent with about
75% recovery. Flotation equipment has been sized and selected.
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. | 
