New Jersey Mining Company is pleased to announce an extensive expansion of its Roberts Rare Earth Element project in Central Idaho. The Roberts REE land package now totals 63 un-patented claims covering 1,051 acres, almost 5-times its original size. The Roberts REE project is located in the Mineral Hill mining district in Lemhi County, Idaho. The district is notable for the dozens of REE prospects that occur along a [...]
New Jersey Mining Company is pleased to announce additional high-grade results from its core drilling program at the Golden Chest. These gold intercepts come from the recent 2020-2021 exploration drilling program in the Paymaster Shoot. All reported intervals are the true thickness of the vein. This drill program is designed to further delineate the Paymaster as well as "pull together" the known Paymaster and Skookum ore [...]
New Jersey Mining Company today announced its consolidated operating and financial results for the first 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 USD unless otherwise specified. NJMC President and CEO, John Swallow stated, "We accomplished a [...]
New Jersey Mining has uncovered two significant gold-quartz veins within its private patented land holdings in the Murray Gold Belt. These vein occurrences have been dubbed by the Company as the "Badger" and the "Argus" and are the first new discoveries in the area in over 100 years. Both the Badger and the Argus veins were found in areas covered with a thin veneer of auriferous terrace gravels. These new veins have [...]
New Jersey Mining Company is pleased to announce the acquisition of more than 500 acres of private patented mining claims for $1,699,000. This claim group consists of 28 patented mining claims and is contiguous with other lands owned by the Company, bringing NJMC's private land holdings in the Murray Gold Belt to over 1,500 acres. New Jersey Mining Company is now the largest private landowner in this historic mining [...]
New Jersey Mining Company today provided an update on its preliminary operating results for the quarter ending March 31, 2021. NJMC CEO and President, John Swallow stated, "The first quarter is typically met with a combination of challenging weather and 'go to work in the dark, work in the dark, leave for home in the dark' schedules. That being said, kudos goes out to the guys at the mine and the mill as production [...]
New Jersey Mining Company today announced its consolidated operating and financial results for the year ending December 31, 2020. NJMC CEO and President, John Swallow stated, "At this time last year I commented on just how much the global backdrop had changed, however little did we know that the "change" I was referring to would pale in comparison to that which lay ahead. As a workforce we kept our heads down and focused [...]
New Jersey Mining Company is pleased to provide a "big picture" update, including a preliminary discussion in regard to up-listing to a senior exchange in concert with our plans to increase production at the Golden Chest Mine and the potential for the spin-out of its rare earth subsidiary to shareholders. NJMC President and CEO John Swallow stated, "As business owners, fellow investors and community stakeholders , we [...]
New Jersey Mining Company is pleased to announce further high-grade results from its core drilling program at the Golden Chest. These high-grade gold intercepts are from recent exploration drilling in the Paymaster Shoot. All reported intervals are the true thickness of the vein. GC 21-184 intercepted 1.5 m of 20.1 gpt gold in the upper vein and 1.4 m of 3.8 gpt gold in the lower vein. GC 20-183 intercepted 0.9 meters of [...]
New Jersey Mining Company announces the grant of 4,200,000 stock options to employees and directors of the Company, pursuant to the terms of the Company's Stock Option Plan. The options are exercisable at $0.40 per share and expire three years from the date of grant. NJMC President and CEO John Swallow stated, "The NJMC board of directors consciously made a decision to take a conservative approach during the last three [...]
New Jersey Mining Company is pleased to announce that its current core drilling program at the Golden Chest has intercepted 7.3 m that assayed 11.5 g/t gold in drill hole on the southern end of the property in the area known as the Joe Dandy. The Joe Dandy area is the southernmost of the six named ore shoots currently identified at the Golden Chest Mine. The true thickness of the vein is estimated to be 6.3 meters. GC [...]
New Jersey Mining Company is pleased to provide drill and sampling highlights, a year-end exploration update for the Golden Chest Mine, the Murray Gold Belt, and the Diamond Creek Rare Earth Element property. NJMC President and CEO John Swallow stated, "As we close out the year, recent months have revealed a subtle, and not insignificant, trend of more frequent high-grade assays from both surface and underground mine [...]
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