New Jersey Mining Company is pleased to announce it has closed a $600,000 private placement from one long-term investor. NJMC CEO and President John Swallow stated, "Proceeds from the private placement will be used, in part, to build needed redundancy in critical and important inventory that could adversely impact operations at the mill and the mine. Increased lack of predictability in supply chains has greatly extended [...]
New Jersey Mining Company today announced its consolidated operating and financial results for the third quarter of 2021. The full version of the Company's interim unaudited consolidated financial statements and management's discussion and analysis can be viewed on the Company's web site, and EDGAR. All amounts are expressed in U.S. dollars unless otherwise specified. NJMC President and CEO, John Swallow stated, "We have [...]
New Jersey Mining Co. is pleased to distribute this President's Letter to Shareholders. I believe it was C.S. Lewis who once said, "When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind." In preparing for this letter, I ran across the C.S. Lewis quote included above and felt it embodied the path of a small company that was early to the game while the [...]
New Jersey Mining Company is pleased to announce it has closed a $1.98 million private placement from 13 investors. Proceeds from the private placement will be used for a 10-hole core drilling program on the Company's Diamond Creek Rare Earth Element property and for the purchase of and down payments on equipment upgrades expected to result in increased gold production from the Skookum in the near-term. This equipment may [...]
New Jersey Mining Company is pleased to release a comprehensive year-to-date update from its on-going 2021 core drill program at the Golden Chest mine. Most of the drilling targeted exploration and pre-development in areas lying to the north and south of current underground mining operations. The areas of focus include the Joe Dandy and Paymaster located south, and the Klondike located north of existing infrastructure in [...]
New Jersey Mining Company is excited to announce their latest assay results from the ongoing core drilling program at the Golden Chest mine. These recent gold intercepts lie within the Klondike area and come from drill hole GC 21-205. GC 21-205 is the third diamond drill hole completed in the Klondike to show highly favorable results in what is quickly developing into an extensive mineral system. NJMC will continue with [...]
New Jersey Mining Company today announced it will seek shareholder approval for a name change and reverse stock split to meet the share price requirements of the NYSE American Exchange. NJMC President and CEO John Swallow stated, "Following a considerable amount of thought and feedback, I/we feel the time is right for New Jersey Mining Company to seek a listing on a higher exchange, specifically the NYSE American [...]
New Jersey Mining Company is pleased to announce their latest assay results from its ongoing core drilling program at the Golden Chest. These recent gold intercepts lie within the Klondike area and represent another potential mining target north of the existing underground mining area. All intervals are reported in drill thickness and in grams of gold per tonne . GC 21-203 intercepted 1.8 meters of 14.4 gpt gold . GC [...]
New Jersey Mining Company today announced its consolidated operating and financial results for the second quarter of 2021. The full version of the Company's interim unaudited consolidated financial statements and management's discussion and analysis can be viewed on the Company's web site, and EDGAR. All amounts are expressed in U.S. dollars unless otherwise specified. NJMC President and CEO, John Swallow stated, "Once [...]
New Jersey Mining Company is pleased to announce the approval of two trademarks from the United States Patent and Trademark Office. Both the Company's "New Jersey Mining Co." logo and headwear slogan, "Toughest Hat in Your Closet" have been approved. The idea for a New Jersey Mining Co. apparel brand was formed in part due to the lack of apparel brands that also do 'real work' and as a testament to the hard-working [...]
New Jersey Mining Company is excited to announce additional high-grade gold assay results from its core drilling program in the Joe Dandy shoot at the Golden Chest. These results from the Joe Dandy drill program continue to expand the overall strike-length of the Golden Chest mineralization and may represent the next potential mining area to the south. All intervals are reported in true vein thickness and in grams per [...]
New Jersey Mining Company is pleased to announce it is partnering with the U.S. Geologic Survey and Idaho Geologic Survey in The Earth Mapping Resources Initiative - as part of the USGS Mineral Resources Program. NJMC's Diamond Creek and Roberts Rare Earth Element projects are both included in this exclusive program. One of the selected high-priority areas chosen for geophysical data acquisition is east-central Idaho [...]
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