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KELLOGG, IDAHO. New Jersey Mining Company (OTCBB:NJMC) announces
that President Fred Brackebusch will make a presentation on
Thursday, December 9, at the Northwest Mining Association’s
annual convention in Spokane, Washington. The session is entitled:
“New and Re-Discoveries”.
Mr. Brackebusch’s presentation will focus on New Jersey’s
successful 2004 exploration season in northern Idaho. Highlights
include:
- Deeper drilling at Golden Chest mine indicates the
possibility of a major gold orebody.
- Also at the Golden Chest, a ramp was driven to a
high grade drill intercept on the Katie Dora vein
where an oreshoot was found.
- A green fields silver prospect was discovered -
called the Silver Button.
- A high grade gold intercept was drilled at the Scotch
Thistle prospect which extends the mineralization
1 km east of the New Jersey mine.
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In addition, production has been achieved and significant
generation of cash from production is projected for 2005.
Highlights relative to production are:
- A flotation circuit was added to the mill and was
successfully commissioned. Recovery to concentrate
has been approximately 93%.
- Silver Strand silver-gold project is in final permitting
phase with production planned for 2005.
- A high grade mining operation is being prepared
for the Katie Dora vein oreshoot. Electrical power
has been installed to the portal and a shop building
is under construction.
- A pit design was completed for the shallow resource
drilled by Newmont at the Golden Chest which indicates
that significant pit production could be achieved.
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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 mineral properties in the Coeur d'Alene
Mining District including the New Jersey mine, the Silver
Strand mine, the Golden Chest mine, the CAMP project, the
Scotch Thistle project, and the Silver Button project.
This release contains certain forward-looking statements
within the meaning of the Federal Securities Laws. Such statements
are based on assumptions that the Company believes are reasonable
but which are subject to a wide range of uncertainties and
business risks. Factors that could cause actual results to
differ from those anticipated are discussed in the Company's
periodic filings with the Securities and Exchange Commission,
including its annual report on Form 10-KSB for the year ended
December 31, 2003.
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