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| December 5, 2007 |
Recently completed diamond drilling at our Golden Chest Mine has encountered excellent gold values. Core hole 07-04 intercepted a hanging wall vein that assayed 16.1 grams per tonne (gpt) gold over a true width of 0.4 meters, with a second intercept of 3.29 gpt over a true width of 2.5 meters.
These two intercepts are significant because they were located in the "gap" between the Katie-Dora Vein ore shoots and the Idaho Vein ore shoots. The new Idaho Ramp is currently being driven through this gap area in order to access ore reserves on the Idaho Vein, and, as a result of this recent drilling, a new cross-cut is being driven off of the Idaho Ramp to access this new gold mineralization. If sufficient reserves are encountered, a second crew of miners will be added so that these reserves can be mined while the Idaho Ramp's progress continues.
In addition, potentially open-pitable gold mineralization was encountered in core holes 07-03 and 07-04, which assayed 0.637 gpt (over a true width of 6.3 meters) and 0.539 gpt (over a true width of 6.4 meters) respectively. Both holes were terminated while still in mineralization. The importance of these two holes is that they are located near or within the resource enclosed by a preliminary open-pit design completed by our Lessee/Operator, New Jersey Mining Company, using Newmont Mining Corporation's data generated in the late 1980's. The preliminary open-pit contains indicated resources of 2.8 million tonnes grading 1.37 gpt, or approximately 125,000 ounces of gold, and this recent drilling could enlarge that open-pit resource. Additional drilling is being planned.
Regarding our Pend Oreille/Metaline Zinc Mines, Teck Cominco American recently complied with our formal request and provided us with an extensive amount of additional exploration data not previously supplied. Our geologist has inventoried and reviewed the data, and is now working on resource calculations for the Washington Rock and West Riverside areas of our holdings. We hope to release the results of these calculations in the next 90-days.
Lastly, earlier this year we made a conscious decision to de-register our common stock with the U.S. Securities & Exchange Commission ("SEC"). This was solely a financial decision, and in no way whatsoever reflects on our ability to provide full, accurate and timely disclosure of our business affairs. Literally all of our annual revenues were budgeted to satisfy SEC reporting requirements, especially with the full implementation of the Sarbanes-Oxley Act of 2002, as it impacts small companies. Our common stock continues to trade in the over-the-counter market through the facilities of the Pink Sheets (www.pinksheets.com).
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| June 20, 2007 |
The photograph below is of the first pour of gold at New Jersey Mining Company's new concentrate leach plant in Kellogg, Idaho, from gold ore produced at our Golden Chest Mine.
(click for larger image)
New Jersey Mining has also commenced a feasibility study for the construction of a 5,000 metric tons per day flotation mill in the Murray, Idaho area to process the gold ores produced at our Golden Chest Mine. The flowsheet being developed includes crushing to 150 mm, covered course ore storage, semi-autogenous grinding, ball mill grinding, bulk flotation, concentrate dewatering, and paste tailings disposal. The gold-bearing pyrite concentrates produced by the new mill would be processed at the New Jersey leach plant into gold dore' bars similar to the one shown in the above photograph.
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| February 12, 2007 |
New Jersey Mining Company (OTCBB: NJMC) is immediately commencing a new development program at our Golden Chest Mine, designed to access the deep Idaho Vein gold mineralization previously drilled. The current Katie-Dora production ramp will be extended from its current 955 level down to a new 940 level. The new "Idaho Ramp" will take off from the 940 level in a southerly direction, and driven for a distance of approximately 1,000 feet to intercept the Idaho Vein. Drill stations will be constructed every 300 feet along the new ramp to provide for the underground drilling of ore.
The new Idaho Ramp will also intercept the historic Idaho No. 3 Tunnel, which will provide a more secure second exit for our miners. The portal of the Idaho No. 3 is located approximately 150 feet from our Golden Chest Mine office/residence.
New Jersey Mining has also completed a $1,000,000 financing, and is purchasing a new surface/underground core drill rig and underground "jumbo" hydraulic drill to expedite this new program.
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| January 30, 2007 |
New Jersey Mining Company expects to commission it's new state-of-the-art concentrate leach plant later this quarter. The new plant adjoins New Jersey's flotation mill near Kellogg, Idaho, and will produce gold-silver dore' bars by leaching our flotation concentrates rather than selling them to third-party industry buyers.
The leach plant has a designed capacity to process the concentrates generated from over 1,000 tons-per-day of raw ore production from our Golden Chest Mine, which would be a huge increase from our current daily production.
(click for larger images)
New Jersey's leach plant will be the first such plant in the United States to employ both cyanidation and an innovative technique for tailings disposal known as Paste Tailings Disposal ("PTD"). Developed and patented (U.S. Patent No's. 4,818,025 and 5,636,942) by New Jersey President, Fred Brackebusch, PTD cleanses and mixes leached residue with flotation tailings to create a toothpaste-like material that can be placed underground as backfill.
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| December 1, 2006 |
We have retained the services of consulting geologists, Lisa S. Hardy and Jack A. Morton, to continue with our on-going evaluation of exploration and other geologic data generated by Teck Cominco American and others on our Pend Oreille/Metaline Zinc Mines, located near Metaline Falls, Washington.
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| July 6, 2006 |
The new ramp accessing the 955 sub-level of the high-grade Katie-Dora Vein at our Golden Chest Mine has been completed. Commercial gold mining operations have resumed. Ore grades continue to average 0.40 ounces per ton.
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| July 1, 2006 |
Effective immediately the Company’s executive and operating offices have been relocated to the mine office at the Golden Chest Mine, near Murray, Idaho. Current communications are limited to e-mail, as follows: Jopabeas@yahoo.com and info@metalinecontactmines.com. We are evaluating alternative telephone services, including VoIP and satellite. We apologize for any inconvenience.
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| June 5, 2006 |
Evaluation of core drilling, geophysical studies and other geologic data generated by Teck Cominco on our Pend Oreille/Metaline Zinc Mines holdings is continuing. Mines Systems Design Inc. was retained last December to conduct an evaluation and preliminary resource calculation, but has been slowed by the enormous amounts of data being provided by Teck Cominco.
Teck Cominco is the world's largest zinc producer. Our extensive mineral holdings virtually surround their producing Pend Oreille Mine, and are leased to and being actively explored for zinc and lead ores by them. We receive advance production royalty revenues from operations pursuant to our lease agreement with Teck Cominco.
Please click on "Pend Oreille/Metaline Zinc Mines" in the Projects section of this website for more detailed information, and a map of our mineral holdings.
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| May 31, 2006 |
Diamond drilling on the Idaho Vein at our Golden Chest Mine by New Jersey Mining Company continues as part of their 2006 drill program. The cores are being logged and assayed. Results will be announced when available.
In addition, New Jersey Mining is currently driving a new ramp to access the Katie Vein down-dip to continue its mining operations on the vein.
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| May 19, 2006 |
A reassessment of the open-pit gold resource at our Golden Chest Mine previously drilled by Newmont Mining Corporation in the late 1980's has been completed. The reassessment was needed because of the present positive gold price environment, and concluded that the open-pit may now be feasible in itself without the need of a simultaneous larger underground mine. Additional shallow drilling is recommended in order to lessen the risk of a bad estimate of quantity and grade of ore.
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| January 6, 2006 |
New Jersey Mining Company has drilled additional high-grade gold at the Golden Chest Mine during its drilling program of the Idaho Vein late last year. Drill hole DDH-05-02 intercepted an overall zone measuring 4.4 meters thick averaging 4.8 grams per tonne, with a high-grade core 0.55 meters thick grading 14.5 grams per tonne (gpt) of gold. Drill hole DDH-05-03 intercepted a zone measuring 7.0 meters thick averaging 10.3 gpt, with a high-grade core 2.4 meters thick grading 23.2 gpt of gold.
The Idaho Vein is a 5 to 15 meter thick mineralized zone of quartz veins with a high-grade core. Gold occurs with sulphides and in free grains. It is considered to be "open" in all directions. Additional drilling is being planned, as well as a preliminary resource calculation based on the drilling results to date.
According to New Jersey Mining President, Fred Brackebusch, "The 2005 drill program has increased the probability of developing enough resources for a 1,500 tonne per day underground mine...".
For more detailed information on the drilling program please click on New Jersey Mining Company in the “Links” section of our website.
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