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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.
|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.
|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 firstname.lastname@example.org. We are evaluating alternative telephone services, including VoIP and satellite. We apologize for any inconvenience.
|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.
|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.
|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.
|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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