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Will do. Thank you.
I agree. Maybe they can get a partner or two with deep pockets to help develop some of the properties?
OT - check out PGOL - another Jr PM I have followed for years
I do think Jersey has upside. IMO - they have been doing a pretty fair effort into their operations and especially appreciate their wise and prudent approach to use of their capital. Their location in North Idaho in an under explored Murray Belt. Then their alder gulch acquisition and in Central Idaho and now a recent acquisition of rare earth - which only helps secure USA security. Good for us as shareholders and good for us as citizens- if your an American. Any dependence on China has to be reduced to zero.
eom7, I think that you are correct. It will be interesting to see how they will continue to develop the gold projects and increase shareholder value in REE's. Good luck to all of us.
Like the way this has been trading... seems like the REE buy has brought in some new money.
We just got back in after being out for a few years. Our first shares were purchased in 2004 before we attended Silver Summit II, and we toured the then new facility at Golden Crest Kellogg.
Still have my well wore New Jersey Mining black and white cap.
Been in and out of this one over the years... glad to be in now. It may FINALLY be NJMCs time.
Been in and out of this one over the years... glad to be in now. It may FINALLY be NJMCs time.
what a day! one of my favorite junior miners here. holding a good amount, can you see $1-$2 in 6months? i enjoy reading your jersey boy posts btw
$NJMC
RE;
IMO- mick - Jersey is positioned real well by keeping it small and
by blowing off top of their hill, and earning more oz’s out of it.
It’s no Hecla- but that’s what I like about it- has potential
- and their NOT chasing their tails throwing millions into projects
out of state like Alaska, or foreign such as Mexico or wherever.
It’s a very productive vein their on and a very stable long term generational North Idaho mining crews who are experts at narrow vein
hard rock mining.
Basically - they know their sheet. Jersey IMO-
is not over leveraged from what I can tell and there is IMO- tremendous upside here. Always was.
That’s why I bought many many years ago and held.
That’s why I like what I see here and adding more and more and dumping Hecla, after 2 decades.
I’m selling chunks of HL while it’s rising and diversifying out- but to a smaller miner - right next door. Jersey.
$NJMC YES THEY ARE !!!!!
RE;
New Jersey Mining Co (NJMC)
0.28 ? 0.0 (0.00%)
Volume: 33,113 @07/10/20 2:39:18 PM EDT
Bid Ask Day's Range
0.2205 0.28 0.27 - 0.285
NJMC Detailed Quote
BOOM here we go. That’s fantastic news and just reinforces why I’ve been here for years. I always knew eventually Jersey eventually would find its way. Swallow gets it, he understands the security of rare earth metals and it’s important strategic on our own shores here in the USA - plus Jersey is doing a real good job of mining for gold. Great news indeed.
$NJMC READING
RE;
I’m exiting long term holdings in neighbor Hecla and been adding to my
many many long term positions here with Jersey & Swalllow.
Right now IMO I’m taking profits off Hecla and adding much more here.
News: $NJMC New Jersey Mining Company Acquires Roberts Rare Earth Element Prospect in Idaho
COEUR D'ALENE, ID / ACCESSWIRE / July 7, 2020 / New Jersey Mining Company (OTCQB:NJMC) ("NJMC" or the "Company") is pleased to announce the expansion of its strategic land holdings to include the Roberts Rare Earth Element (REE) Project in Lemhi County, Idaho. The Roberts REE Project is com...
Got this from NJMC - New Jersey Mining Company Acquires Roberts Rare Earth Element Prospect in Idaho
IMO- mick - Jersey is positioned real well by keeping it small and by blowing off top of their hill, and earning more oz’s out of it. It’s no Hecla- but that’s what I like about it- has potential - and their NOT chasing their tails throwing millions into projects out of state like Alaska, or foreign such as Mexico or wherever. It’s a very productive vein their on and a very stable long term generational North Idaho mining crews who are experts at narrow vein hard rock mining. Basically - they know their sheet. Jersey IMO- is not over leveraged from what I can tell and there is IMO- tremendous upside here. Always was. That’s why I bought many many years ago and held. That’s why I like what I see here and adding more and more and dumping Hecla, after 2 decades. I’m selling chunks of HL while it’s rising and diversifying out- but to a smaller miner - right next door. Jersey.
I’m exiting long term holdings in neighbor Hecla and been adding to my many many long term positions here with Jersey & Swalllow. Right now IMO I’m taking profits off Hecla and adding much more here.
$NJMC yes,Just like when Great Recession hit and markets swooned mick - what usually leads out? Gold. Silver Platinum, Palladium etc. Pfizer is just beginning their clinical 3rd stage trials for covid
- their going to try and get it out before Jan - if not - early 21’ - with 100,000,000 doses of vaccine- just to start with-,
It looks promising & the world will be getting back to normal - there are some amazing deals out there in regards to stocks.
We’ll see what occurs with election here in the states.
But one thing is for sure -IMO it is likely the virus will be controlled and this is only a short term situation max 5-8 months.
I’m buying and going deep - since market dropped - picking and choosing selectively and never listening to any drama or neg publicity.
This will be over max 8 months - that’s nothing in realm of long term investing.
I see this massive sell off, as finding the riches of the Atocha.
What’s 6-8 months honestly?
That’s NOTHING.
Vaccines IMO are coming and it will be after election.
Most investors have been spoiled rotten over last 8/9 years with huge gains / their not experienced or not been around long enough to know what’s up. Panic and paranoia - ALWAYS WORKS FOR ME.
That’s when I make my moves. Bloody decks - bloodier the better.
SELL SELL SELL - pretty pretty please -
FOR ME. I’m
acquiring amazing companies for massive haircuts.
More doom and gloom news churns out, more strife - it’s an opportunity as the major broadcasters manipulate the news.
Mark my words - this huge sell off - was only scaredy cats taking huge profit taking.
They’ll be back. But I’ll have beat them to the punch.
$NJMC GOOD MINING CONCERN !!!!!
Just like when Great Recession hit and markets swooned mick - what usually leads out? Gold. Silver Platinum, Palladium etc. Pfizer is just beginning their clinical 3rd stage trials for covid - their going to try and get it out before Jan - if not - early 21’ - with 100,000,000 doses of vaccine- just to start with-,It looks promising & the world will be getting back to normal - there are some amazing deals out there in regards to stocks. We’ll see what occurs with election here in the states. But one thing is for sure -IMO it is likely the virus will be controlled and this is only a short term situation max 5-8 months. I’m buying and going deep - since market dropped - picking and choosing selectively and never listening to any drama or neg publicity. This will be over max 8 months - that’s nothing in realm of long term investing. I see this massive sell off, as finding the riches of the Atocha. What’s 6-8 months honestly? That’s NOTHING. Vaccines IMO are coming and it will be after election. Most investors have been spoiled rotten over last 8/9 years with huge gains / their not experienced or not been around long enough to know what’s up. Panic and paranoia - ALWAYS WORKS FOR ME. That’s when I make my moves. Bloody decks - bloodier the better. SELL SELL SELL - pretty pretty please - FOR ME. I’m
acquiring amazing companies for massive haircuts. More doom and gloom news churns out, more strife - it’s an opportunity as the major broadcasters manipulate the news. Mark my words - this huge sell off - was only scaredy cats taking huge profit taking. They’ll be back. But I’ll have beat them to the punch.
$New Jersey Mining Co ($NJMC)
0.235 ? -0.0025 (-1.05%)
Volume: 118,527 @07/06/20 2:37:56 PM EDT
Bid Ask Day's Range
0.2305 0.2375 0.2305 - 0.2375
NJMC Detailed Quote
$NJMC maybe gold $3,000
I like this company and it’s prospects, strategically going small, grinding it out. Staying here in good ole America. Keeping debt somewhat manageable- that’s key. Expansion hopefully of upper blast zone going north. Go Jersey Boys.
NY this is showing some life - the blasting at the top of the mine is IMO, has been so far a pretty shrewd move on John Swallow’s leadership and Jerseys management’s part and upped their gold recovery - they also filed to extend toward the north -at the top of the peak - the same blast zone. Their onto something likely. They from looks of it may have plans for a 2nd blast zone. We’ll see, or maybe a 2nd mill? It’ll be interesting to watch this unfold. Like seeing the actual mining taking place and forward moving Corp expansions. But IMO- making smart prudent decisions on where and how much money their spending. They keep PR’s to a minimum, and IMO - moving forward. Support here in .20’s lately - we’ll where PPS goes from here of sinks back a little. Either way - I’m not going ANYWHERE. However, with what their doing - I have been trimming some long held shares of next door neighbor Hecla off and I’m pulling plug on all of my HL shares within 30 days. After decades - it’s time to part IMO. I could go back - anytime- but I see long potential here with the JERSEY BOYS. IMO ONLY- HL it appears to be meandering as of late and with all of their production - it’s always been a fairly low PPS- saddled with some debt. IMO- I like the way Swallow is running this and it’s direction since he jumped up in the saddle with his boots on. I like their viewpoints on keeping debt low and shoot smaller. IMO - this has more potential than what the market has been valuing this. It’s here in AMERICA, supporting our precious metals industry and American economic security - Jersey is not in ANY far flung countries, chasing their tails, like a rabbit. Central Idaho, North Idaho, MT. Sign me up. Wait I signed up MANY years ago. Since Swallow arrived - it’s trending. If it gets past .25+ and high .20’s and into .30’s then it will gain more market cap slowly but surely. IMO the trick in mining is to spend less, not more and get as much precious metal recovery as someone possibly can - stretch it out- grind it out. That’s what they’ve been doing IMO. I was up the north fork CDA recently fly fishing my fav places and little known tributaries that feed it, deep into those mountains. Just a beautiful area, rich in mining history. It’s extremely stable with local seasoned expert North Idaho generational mining families - who are experts in that type of narrow vein hard rock blasting- and now their BLOWING top of their mountain that looms way up an adit- scooping up and trucking it down their S curve dirt road to their floater mill and it’s in the world famous Silver Valley. What’s there not to like here and did I mention their NOT chasing their tails overseas investing wasting hundreds of millions of capital that saddles bigger corporations? Their focused in their backyards and making lemonade out of lemons. Even if it slips below at some point below .20 - IMO- over time for myself personally - Jersey has real potential. I like small, I like low debt, I like staying in their backyard. I’ll be adding throughout this week and next 3/4 weeks. Go Jersey Boys - GO. The sound of the blast BOOM zone is a music to my ears and seeing trucks loaded up going in and out.
Has some support up here in .20’s a great sign.
New Jersey Mining Co (NJMC)
0.236 ? 0.01175 (5.24%)
Volume: 42,801 @06/29/20 3:37:27 PM EDT
Bid Ask Day's Range
0.2305 0.2415 0.23 - 0.236
NJMC Detailed Quote
Surprised somewhat there isn't more activity here, this cracked .22+...
New Jersey Mining Co (NJMC)
0.2 ? 0.009 (4.71%)
Volume: 14,050 @06/05/20 1:55:45 PM EDT
Bid Ask Day's Range
0.191 0.224 0.191 - 0.209
NJMC Detailed Quote
New Jersey Mining Co (NJMC)
0.1735 ? 0.0185 (11.94%)
Volume: 502,244 @05/27/20 3:46:07 PM EDT
Bid Ask Day's Range
0.1705 0.187 0.1501 - 0.18
NJMC Detailed Quote
This has for years bumped along up there north of the I-90 bob. But - I feel this could eventually some day in future could have the potential to trend up. I do like their strategy of blowing top of mountain off and applied for another permit to expand the pit on top of the adit northward. Plus they have a potential 2nd pit as well, plus a potential 2nd mill site. Then look at their PR focused on Idaho. It’s not a bad little mining outfit, they’ve always been overlooked IMO. The several year long acquisition of alder gulch was skillfully acquired and I believe it could hold potential going west to finally link up with jerseys holdings. They added another piece of equipment in their hard rock mining and I believe that blowing the mountain top off and trucking it down their snake like curvy dirt road to their mill below was a real smart business move. It’s a diff path for Jersey, from older earlier days from years past, and I do like it. Their PPS has slowly gained and it’s holding building and that’s IMO- over time- something that could possibly be a good thing. Time will tell. Idaho PR I thought was interesting.
Glad to get a response from you old buddy. Here’s to 2020 bob.
This has for years bumped along up there north of the I-90 bob. But - I feel this could eventually some day in future could have the potential to trend up. I do like their strategy of blowing top of mountain off and applied for another permit to expand the pit on top of the adit northward. Plus they have a potential 2nd pit as well, plus a potential 2nd mill site. Then look at their PR focused on Idaho. It’s not a bad little mining outfit, they’ve always been overlooked IMO. The several year long acquisition of alder gulch was skillfully acquired and I believe it could hold potential going west to finally link up with jerseys holdings. They added another piece of equipment in their hard rock mining and I believe that blowing the mountain top off and trucking it down their snake like curvy dirt road to their mill below was a real smart business move. It’s a diff path for Jersey, from older earlier days from years past, and I do like it. Their PPS has slowly gained and it’s holding building and that’s IMO- over time- something that could possibly be a good thing. Time will tell. Idaho PR I thought was interesting.
Glad to get a response from you old buddy. Here’s to 2020 bob.
Quarterly Report (10-q) Edgar (US Regulatory) - 5/15/2020 8:32:12 AM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 4/24/2020 6:04:54 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/24/2020 6:01:05 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/23/2020 7:55:06 PM
Annual Report (10-k) Edgar (US Regulatory) - 3/23/2020 8:19:41 AM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 2/25/2020 2:58:46 PM
New Jersey Mining Co (NJMC)
0.1672 ? 0.0062 (3.85%)
Volume: 223,000 @05/15/20 2:27:15 PM EDT
Bid Ask Day's Range
0.156 0.1673 0.158 - 0.1672
NJMC Detailed Quote
THANK YOU $NJMC
RE;
mick its good news here from maverick one -
the recently acquired alder gulch area, 368 acres, was never explored by the 3 majors who historically operated in area.
From this press release, there is considerable information in regards to their future plans with it.
Evans claims shows potential gold and the gold lady prospect the company feels has potential as well.
But more importantly is what they stated about either a new tailings compound or A NEW MILL.
That would mean a 2nd mill and that hints strongly that expansion is in their future plan of operation.
The same family controlled alder gulch for 100 years- now John Swallow acquired if after 3 long years, and consolidated everything west for 1.2 miles. It’s located right above the town of Murray and trends west.
New Jersey has 477,000 oz’s of gold, with the golden chest, but with that recent acquisition and telling signs of mineralization and veins on surface
- look out bob
- New Jersey may have hit paydirt with this 368 acre sweet pick up, which has potential to boost their proven and inferred oz’s up in the future.
The mention of the potential new tailing area and or new second mill, has got my attention. Too me, it kind of revealed their future possible plans at EXPANSION.
For John to be bringing this up, and hints of classic signs of gold mineralization too me tells their story.
Restricted on the $885,000 subscription have been locked up that funded the acquisition of alder gulch and recent $200,000 private placement for working capital etc
- tells me their doing quite a bit more production and using far less money in doing it. Their executing and being wise about it, without going all in throwing money out the window.
Def heading in a strong direction. Now their talking about possible JV deals in central Idaho on horizon possibly. Like the progress being done here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155471783
mick its good news here from maverick one -
the recently acquired alder gulch area, 368 acres, was never explored by the 3 majors who historically operated in area. From this press release, there is considerable information in regards to their future plans with it. Evans claims shows potential gold and the gold lady prospect the company feels has potential as well. But more importantly is what they stated about either a new tailings compound or A NEW MILL. That would mean a 2nd mill and that hints strongly that expansion is in their future plan of operation. The same family controlled alder gulch for 100 years- now John Swallow acquired if after 3 long years, and consolidated everything west for 1.2 miles. It’s located right above the town of Murray and trends west. New Jersey has 477,000 oz’s of gold, with the golden chest, but with that recent acquisition and telling signs of mineralization and veins on surface - look out bob - New Jersey may have hit paydirt with this 368 acre sweet pick up, which has potential to boost their proven and inferred oz’s up in the future. The mention of the potential new tailing area and or new second mill, has got my attention. Too me, it kind of revealed their future possible plans at EXPANSION. For John to be bringing this up, and hints of classic signs of gold mineralization too me tells their story. Restricted on the $885,000 subscription have been locked up that funded the acquisition of alder gulch and recent $200,000 private placement for working capital etc - tells me their doing quite a bit more production and using far less money in doing it. Their executing and being wise about it, without going all in throwing money out the window. Def heading in a strong direction. Now their talking about possible JV deals in central Idaho on horizon possibly. Like the progress being done here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155471783
God Bless
maverick one thank you for all great info )
I have not sold any only added )
God Bless
Bob - the recently acquired alder gulch area, 368 acres, was never explored by the 3 majors who historically operated in area. From this press release, there is considerable information in regards to their future plans with it. Evans claims shows potential gold and the gold lady prospect the company feels has potential as well. But more importantly is what they stated about either a new tailings compound or A NEW MILL. That would mean a 2nd mill and that hints strongly that expansion is in their future plan of operation. The same family controlled alder gulch for 100 years- now John Swallow acquired if after 3 long years, and consolidated everything west for 1.2 miles. It’s located right above the town of Murray and trends west. New Jersey has 477,000 oz’s of gold, with the golden chest, but with that recent acquisition and telling signs of mineralization and veins on surface - look out bob - New Jersey may have hit paydirt with this 368 acre sweet pick up, which has potential to boost their proven and inferred oz’s up in the future. The mention of the potential new tailing area and or new second mill, has got my attention. Too me, it kind of revealed their future possible plans at EXPANSION. For John to be bringing this up, and hints of classic signs of gold mineralization too me tells their story. Restricted on the $885,000 subscription have been locked up that funded the acquisition of alder gulch and recent $200,000 private placement for working capital etc - tells me their doing quite a bit more production and using far less money in doing it. Their executing and being wise about it, without going all in throwing money out the window. Def heading in a strong direction. Now their talking about possible JV deals in central Idaho on horizon possibly. Like the progress being done here.
Hey ole buddy - hope you are getting along okay. Bob I believe John is doing pretty well here at the jersey and I like what I see. I’m still acquiring and John imo is going about this the right way. Blasting on top of mountain is a shrewd move and and now they are filing for expansion going northward and also a second site, along with deeper below in hard rock mining in golden chest. The combo of blast surface and inside mine was a smart move - now recent PR their looking more into central Idaho. I like these moves and share price is responding with slow gradual increase in PPS.
John Swallow is doing a pretty decent job since coming on board.
The share price is slowly climbing over time which is promising and along with more oz’s of gold being mined from their blasting top of their mountain and now they filed for expansion of the existing northward progress of that and now looking to start a second pit. Couple that into their hard rock mining under inside the golden chest - looks like Swallow has a game plan with New Jersey and recently announced Central Idaho is in the works soon.
I’ve been here and still acquiring. It has potential and their going about it right way.
I’m still acquiring - and will continue. Expanding their operations in north Idaho and now moving into Central Idaho- further south. Their blasting north in their put at top of hill above them and filed to expand it and start another second blast pit at golden chest. So their mining underground and on top of their hill, Way above the adit they are removing stripping after blasting it. They are turning a corner and oz’s are increasing watch for continuing higher increase of production in 20’ and 21’ imo.
Nice operation results published on the web page today. Would love to talk to the head man personally, maybe take a tour of the area.
BOL
MY OPINION ONLY! I DO HOLD A SMALL POSITION IN THIS COMPANY AT THE MOMENT!!!
I got on board today- xxxx @ .1433
Did some DD, listened to the boss and was impressed. Any info from fellow board members appreciated.
BOL, TOH
MY OPINION ONLY
Quality analysis I agree
New Jersey Mining Company Intercepts Promising Gold Mineralization North of the Golden Chest Open Pit
COEUR D’ALENE, Idaho, January 31, 2019 (GLOBE NEWSWIRE) —
New Jersey Mining Company (CSE/OTCQB:NJMC) (“NJMC” or the “Company”) announced today that recent core drilling intercepted a large interval of potentially bulk-mineable gold mineralization adjacent to the open pit.
Informally referred to as the “layback” hole, core drill hole GC 18-175 was recently completed to 96.1 meters. With the open pit previously drilled on 25-meter centers, the layback hole was designed to fill in a gap in previous core drilling to evaluate the potential for pit expansion to the north.
GC 18-175 returned 1.0 g/t gold over 33.6 meters true thickness starting from a depth of 40.7 meters below ground surface including 3.26 g/t over 3.7 meters just below the Idaho Fault.
Rob Morgan, NJMC VP of Exploration stated, “The layback drill results show a remarkable pervasiveness and consistency of low-grade gold mineralization, perfect for bulk-mineable, open pit mining. This demonstrates the potential for open pit expansion – just as the structural characteristics and narrower, high-grade mineralization in the Paymaster holes announced last week are supportive of future underground mining in that area.”
The layback hole had a run of continuous sampling starting at 40.7 meters, in which 32 of the 34 samples contained anomalous gold. The drilling successfully encountered the Idaho Fault at 62.5 meters and banded, massive and brecciated quartz veins were found in the favorable quartzite host rock in the first 10 meters below the fault. Galena and visible gold were both seen in the core.
NJMC CEO and President John Swallow commented “The results of the layback hole and the Paymaster holes continue to show the strength of the Golden Chest’s mineralizing system. As previously stated, ‘Our drill programs are focused largely on pre-development and development drilling at the Golden Chest – in support of current production at the open pit and ahead of production underground’. The flexibility of our approach and accuracy of hole placement would not be possible without the hands-on experience of mining on the surface and underground. I cannot overestimate the skillsets of our team, including what the drill brings to this business.”
Results from the layback hole, the previous core drilling on 25-meter centers, and trenching information from 2017 will be combined with the thousands of open pit bench assays to evaluate possible expansion of the pit to the north. This engineering study is expected to be completed in the coming months as well as metallurgical testing aimed at identifying an efficient process to treat the lower grade material. Roughly 71,000 tonnes of mineralized material with an average grade of 3.60 g/t gold have been mined from the pit and milled at the New Jersey Mill, and 56,500 tonnes of material below the mill cutoff grade of 1.8 g/t gold stockpiled at the mine. Approximately 410,700 tonnes of material have been placed in the waste rock storage site at the mine.
Quality assurance/quality control
All of the samples were analyzed by American Analytical of Osburn, Idaho, an ISO certified laboratory. Samples were analyzed using lead collection fire assay with a gravimetric finish. A series of known assay standards are submitted with each drill hole as part of a quality assurance-quality compliance program.
Qualified person
NJMC’s Vice President of Exploration, Robert John Morgan, PG, PLS is a qualified person as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.
About New Jersey Mining Company
New Jersey Mining Company is headquartered in North Idaho, where it is producing gold at its Golden Chest Mine. Gold was first discovered in the Coeur d’Alene District within the Murray Gold Belt in 1879, but by 1888 mining declined as the center of activity and demand for labor shifted to the Silver Valley following the discovery of the Bunker Hill, Sunshine, Lucky Friday, and other iconic regional mines. The rebirth of the long-forgotten Murray Gold Belt has been led by NJMC, as evidenced by production from open-pit and underground operations at the Golden Chest Mine, its extensive land package and superior knowledge of the district gained from current development and production, and ongoing exploration activities.
NJMC has established a high-quality, early to advanced-stage asset base in three historic mining districts of Idaho and Montana, which includes the currently producing Golden Chest Mine. The Company’s objective is to use its considerable in-house skill sets to build a portfolio of mining and milling operations, with a longer-term vision of becoming a mid-tier producer. Management is shareholder focused and owns more than 15-percent of NJMC stock.
The Company’s common stock trades on the OTC-QB and CSE Market under the symbol “NJMC.”
For more information on New Jersey Mining Company go to www.newjerseymining.comor call:
Monique Hayes, Corporate Secretary/Investor Relations
Email: monique@newjerseymining.com
(208) 625-9001
Forward Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Such statements are based on good faith assumptions that New Jersey Mining Company believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such factors include, among others, the risk that further exploration and drilling will result in future production or expansion of the open pit, the risk the Company is unable to obtain sufficient funds necessary for expansion or the risks and hazards inherent in the mining business (including risks inherent in developing mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold and silver and the potential impact on revenues from changes in the market price of gold and cash costs, a sustained lower price environment, as well as other uncertainties and risk factors. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. NJMC disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.
January 31st, 2019
Even though there is not large volume on a daily basis- there has been support here, along with a subtle slow rising pps - going back since it bottomed right when there was a change in mgmt. Their stated goal is to be a mid-tier producer. They have taken bold steps to be that. They are undergoing a sea change and I am predicting, as it moves along over next year or two, it will be worth considerably more in pps and will be a pretty good long term investment. These IMO, are gifts under .20 and will be proven as such later. I try to locate companies exactly like NJMC, take a large position and wait for their story to unfold. I have all the time in the world, but patients, is not a virtue for many. Can you hear the Canadians and Wall Streeters coming? I do, and if and when I unload, I’ll make them pay dearly and it will be nothing near what I stole this for.
I have been impressed with the turn around in pps since 15’ and into 16’ s decline and their bottoming- before it’s rise the last 2 years. They know exactly what they are doing. I have been aware of this company for many many years and they are in much better shape- than ever before that I know of. I took positions at that bottom, under a dime, and added a considerable amount more in 17’ and still taking more. I know the mine and surrounding area extremely well.
It could be a year or maybe two- before they spread their wings- and as that occurs -it’ll possibly attract mid tier type institutionals or investment boutiques. That’s when we’ll see the Canadians or Wall Street show up, along with other investors- that’s when my party starts- and if they want them/ they’ll have to pay me.
This is strictly my opinion.
I saw that $35k bid at .17 today. I've been accumulating here. This company is about as solid as you will find on the OTC. A break of .20 sends this to retest all time highs of .25 and then it's blue skies. I see $1.00 in 2019 imo.
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PR 03-05-21 wow YUGH read my friend 'New Jersey Mining Co. (NJMC)' & possible spinoff !!!!!
New Jersey Mining Company Evaluates Potential for 20,000 Oz/Year Gold Production at Golden Chest Mine & Possible Spin-out of Rare Earths Subsidiary to its Shareholders
COEUR D'ALENE, Idaho, March 5, 2021 (ACCESSWIRE) --
New Jersey Mining Company (OTCQB: NJMC) (“NJMC” or the “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
(and substantial NJMC shareholders),
we believe it is important to understand how or what a person
(or company) thinks, especially with regard to anticipating and adjusting to the multitude of macro and micro inputs.
As discussions continue to evolve (and subject to change),
and as the initial results of our drill program are received,
we felt that communication from management in regard to the
various paths being contemplated would be appreciated
– such as a recap and possible positioning of our Rare Earths subsidiary,
potential for increased gold production and eventually working toward
a senior exchange listing.”
CONCEPTUAL PLAN FOR UP TO 20,000 OZ/YR GOLD PRODUCTION AT GOLDEN CHEST
Conceptual Plan – Preliminary Economics
Preliminary internal estimates and the conceptual plans are based
on firsthand corporate experience with development,
mining,
exploration,
milling and
other knowledge gained from NJMC operations.
Budgeting for personnel,
equipment, and
underground development have been considered in this evaluation.
Subject to adjustments, the company is working with preliminary
AISC estimates in the $1,100/ounce - $1,200/ounce range for gold,
at a 20,000 ounce/year run rate.
Conceptual Plan – Preliminary Capex
The Company is developing a plan to build a 360 tonne per day (tpd) flotation mill at the Golden Chest Mine in Murray, Idaho
in order to increase gold production up to 20,000 ounces per year.
Budgetary cost estimates are made for the major items in this plan including mine development,
construction of the mill,
land acquisition,
resource in-fill drilling at the mine,
and exploration drilling at the Alder Gulch property ¸
two miles west of the mine.
Current trucking of ore to the existing New Jersey mill is roughly $12/tonne.
At just 50,000 tonnes per year, the potential annual savings from
just this one component is estimated at $600,000.
Expansion of the existing underground mine would be undertaken with production coming from the Skookum Shoot of 50,000 tonnes per year
and the Paymaster Shoot of 36,000 tonnes per year.
An additional 30,000 tonnes per year will be sourced from an existing surface stockpile.
Currently, the Skookum is the only area in production.
Gold grades in the Skookum are expected to be about same as they
are now at 6.5 gram per tonne (gpt) gold ¸
while the Paymaster gold grade will require more drilling to determine accurately,
the existing drilling indicates two narrower,
but higher-grade veins with a diluted grade
(2-meter mining width) of 8.5 gpt gold.
The Paymaster veins are separated by an intrusion of quartz monzonite (15 to 30 meters thick)
which is where the access ramp would be placed.
Finally, the surface stockpile grade is well established from blasthole sampling at 1.09 gpt gold.
NJMC’s 2021 drill plan is based on its “Deep Rooted” ore shoot model.
Recent deeper drilling at the Golden Chest is showing deeper and
better grade continuity of the Joe Dandy and Paymaster shoots ¸
while Skookum core logging is still underway ¸
core holes in this area also intercepted the mineralized Idaho Fault.
Initial positive results and preliminary analysis have accelerated
the potential for a significant increase of gold production per
year at the Golden Chest and the evaluation for a new mill at the Golden Chest.
New Jersey Mining Company ? 201 N. 3rd Street ? Coeur d’Alene, Idaho 83814
Using these tonnages,
gold grades, and
metallurgical recoveries from current milling data,
an annual production of approximately 20,000 ounces is indicated.
Table 1 below lists the preliminary budgetary capital cost estimates
for the conceptual plan to increase annual production at the Golden Chest up to 20,000 ounces per year.
The costs are preliminary in nature and detailed engineering is still required to determine the final costs, with some costs listed coming from the mine cost handbook.
This information is for discussion purposes only to allow for better understanding of management and other corporate goals.
The timing of capital expenditure for a new mill and mine expansion
will likely occur in phases while remaining flexible with the disposition of some non-core assets and an eye on shareholder dilution.
Table 1
Capital Item Mine Development
Main Access Ramp Ventilation Raise Mining Equipment
Flotation Mill
Paste Backfill Plant
Land Acquisition (in-process) Electrical Service Upgrade Golden Chest Infill Drilling Murray Gold Belt Drilling Total
Drilling Highlights at the Golden Chest
$ USD
$ 3,600,000 $ 800,000 $ 1,500,000 $ 6,000,000 $ 2,000,000 $ 1,500,000 $1,000,000 $ 2,500,000 $ 1,500,000 $20,400,000
• Six identified ore shoots - Katie Dora, Klondike, Skookum, Golden Chest, Paymaster and Joe Dandy.
• 2020/2021 drill program is testing down-dip extensions of the six recognized ore shoots. Focused on
preliminary production/mine-life potential of each individual ore shoot.
• Drill program began with high-grade intercept of 0.2 meters of 74.6 grams per tonne gold (gpt), true
thickness, in the Katie Dora.
• In the Paymaster, a significant additional vein assaying 104 gpt gold over 0.4 meters was encountered in
hole GC 21-184. This intercept is located 47 meters above the Idaho Fault.
• Also, from the Paymaster, GC 21-184 intercepted 1.5 meters of 20.1 gpt gold (including 0.9 meters of
26.7 gpt gold) in the upper vein and 1.4 meters of 3.8 gpt gold in the lower vein.
• GC 20-183 (Paymaster) intercepted 0.9 meters of 14.7 gpt gold in the upper vein.
• Followed by a new discovery in the Joe Dandy, the southernmost ore shoot, with 7.3 meters that assayed
11.5 gpt gold (including 2.3 meters of 19.5 gpt, true thickness).
• Current underground production is from Skookum Shoot – growth from 5,000 ounces to 10,000+/-
ounces per year production run rate from the Skookum over next 12 months.
New Jersey Mining Company ? 201 N. 3rd Street ? Coeur d’Alene, Idaho 83814
NJMC’s RARE EARTH ELEMENT (REE) SUBSIDIARY
Company management believes that NJMC’s REE holdings represent a significant unrealized value for shareholders.
And while concrete plans are not yet in place,
the company is evaluating a spin-out of its REE subsidiary to NJMC shareholders,
possibly at or near the timing of up-listing to a senior exchange.
• Permitting underway for drill programs at Diamond Creek and Roberts.
Diamond Creek REE Project
The REE bearing veins of the Diamond Creek area are on the short list
of the well-recognized and studied occurrences in the United States.
In 1979, M.H. Staatz, of the U.S. Geological Survey (USGS) estimated
an overall probable resource at Diamond Creek of approximately 70,800 metric tonnes of total rare-earth oxides,
using an average grade of 1.22 percent.
Reported sample assays show REE oxide contents ranging from 0.59 to 5.51 percent.
Additionally,
three samples cut across one of the larger veins were assayed for gold,
and contained 0.5, 2.4 and 11.9 grams per tonne (0.017, 0.07, and 0.348 ounces per ton).
The Diamond Creek REE Project covers approximately 421 hectares
(1,040 acres) and is comprised of 52 unpatented mining claims.
It is located in the Eureka Mining district, approximately 13 kilometers (8 miles) north-northwest of the town Salmon, Idaho.
Roberts REE Project
Recent sampling by Company geologists returned grades in excess of
12% combined Rare Earths Elements, with gold values up to 8.8 grams per tonne and Niobium as high as 0.50%.
At the Roberts, one carbonatite occurrence can be found in a northwest trending seam which measures approximately 400 meters long and 90 meters wide.
The second occurrence is a small carbonatite plug measuring about 200 meters in diameter.
Studies conducted by A.T. Abbott (1954) and A.L. Anderson (1958) from the Idaho Geological Survey (IGS),
and E.P. Kaiser (1956) with the U.S. Geologic Survey (USGS) pioneered recognition of these unusual deposit types in the Mineral Hill District.
The unusual carbonatite seam and intrusive plug occurring on the
Roberts property are characterized by an impressive REE concentration.
Abbott reported cutting a 2.5’ sample across the Roberts lode which returned 21.5% combined rare earth oxides
and thoria. NJMC personnel believe that Rare Earth Elements like Neodymium, Praseodymium and Samarium occur on the property in abundance.
The Roberts REE Project is comprised of 12 unpatented mining claims covering an area of approximately 219 acres.
This project is located within the Mineral Hill Mining District, approximately 30 miles northwest of the town of Salmon, Idaho.
• NJMC’s Rare Earth Element properties resources are already listed as part of the United States’ Rare Earth Element national inventory, as identified in IGS and USGS publications.
• The presence of “at-risk” rare earth elements such as Neodymium, Praseodymium, Dysprosium, Yttrium, and Niobium have been confirmed through NJMC’s sampling at the Diamond Creek and Roberts properties.
At Diamond Creek, the gold and REE’s occur within the same veins,
but it is not clear if the gold is genetically related to the REE mineralization.
Some of the mineral pulses have gold,
thorium, uranium, niobium, yttrium and REE’s.
[NIOBIUM VERY VALUABLE R.E.E.]
Niobium and gold are possible by-products that would add
greatly to the economics of Diamond Creek.
The REE mineralization at Diamond Creek is found in quartz veins
over a large area approximately 3.2 km (2 mi) long and 0.8 km (0.5 mi) wide.
New Jersey Mining Company ? 201 N. 3rd Street ? Coeur d’Alene, Idaho 83814
The Principal Rare Earth Elements Deposits of the United States
– A Summary of Domestic Deposits and a Global Perspective
– USGS Scientific Investigations Report 2010-5220
CONCLUSION AND COMMENTARY Mr. Swallow concluded,
“We realize that there is a lot to ‘unpack’ in this press release,
however we believe it is important to have an understanding of the Company.
In addition to the above-mentioned conceptual plans,
management is also evaluating up-listing to a senior exchange in
an effort to increase the Company’s exposure to mainstream equity investors,
portfolio managers,
and other groups.
Because the company and operations have shown substantial growth
and operational viability,
we have a good understanding of how a phased approach fits into the more modest capex requirements of an established producer.
NJMC is a small operating company working to become a larger company.
There are no guarantees in this business
- or any other
- and everything is subject to change.
We also realize that discussing potential plans/thinking is somewhat unconventional,
however we find it easier and more honest to converse with folks
if we are both substantially on the same page.
This press release discusses the thoughts of management and hopefully allows people to analyze whether or not NJMC aligns with their own investment criteria.
New Jersey Mining Co. has been (and will be) an example of building
as you go and has experienced success where others have failed.
There will always be choppiness in our results on both sides of the ledger and I would expect more of the same as our ‘up and to the right’ path continues.”
Quality assurance/quality control
All of the samples were analyzed by American Analytical of Osburn, Idaho,
an ISO certified laboratory.
Samples were analyzed using lead collection fire assay with a gravimetric finish.
A series of known assay standards are submitted with each drill hole
as part of a quality assurance-quality compliance program.
Qualified person
NJMC's Vice President, Grant A. Brackebusch, P.E. is a qualified
person as such term is defined in
National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.
New Jersey Mining Company ? 201 N. 3rd Street ? Coeur d’Alene, Idaho 83814
NJMC [-chart]newjerseymining.com/wp-content/uploads/2019/07/NJMC.Logo_.RGB-2-e1563497260710.png[/chart]
WOW Par Value 0.10 CENTS 'New Jersey Mining Co. (NJMC)'
0.10
Share Structure
Market Cap Market Cap.40,681,015
02/23/2021
Authorized Shares.200,000,000
Outstanding Shares.137,575,296
Restricted..................47,571,031
Unrestricted...............90,004,265
Held at DTC..............78,662,054
Float...........................84,439,207
Par Value..............................0.10
DESCRIPTION-GOLDEN CHEST MINE [LOTS OF SILVER] BEFORE BUYOUT IN 1980'S WAS TRADING $4 TO $5 PPS. SPOKANE WASHINGTON EXCHANGE
New Jersey Mining Company is a gold producer headquartered in north Idaho.
The Company is focused on diversifying and increasing cash flows through
a portfolio of mineral properties including:
[HUGE SILVER VEINS] [3FT TO 4FT WIDE] The Golden Chest Mine
(currently in production),
majority ownership in the nearby New Jersey Mill,
and 50% carried interest in the past producing Butte Highlands Mine
located in Montana.
In addition to its producing and near-term production projects,
New Jersey Mining Company has several exploration prospects,
including the McKinley, Eastern Star and Toboggan projects.
https://newjerseymining.com/the-team/
The Diamond Creek REE Project covers approximately 421 hectares (1,040 acres) and is comprised of 52 unpatented mining claims. It is located in the Eureka Mining district, approximately 13 kilometers (8 miles) north-northwest of the town Salmon, Idaho. The REE mineralization at Diamond Creek is found in quartz veins over a large area approximately 3.2 km (2 mi) long and 0.8 km (0.5 mi) wide.
The Golden Chest Mine was the largest historic lode producer of gold in north Idaho, primarily from shallow, underground, high-grade veins in the late-1890s and 1900s.
Modern exploration of the area began in the late-1970s with several companies, including Cominco-American, targeting gold and massive
Newmont followed in the 1980s, evaluating vein systems for bulk mineable potential, drilling forty holes and establishing an historic resource, mostly related to the Idaho Vein.
NJMC first leased the property in 2003. After several years of small-scale exploration, development, and gold production,
the Company formed Golden Chest LLC (with Marathon Gold) to advance the property in 2010.
Golden Chest LLC subsequently drilled 144 core drill holes (totaling 18,300 meters), resulting in a NI 43-101 Technical Report
that includes an overall mineral resource of 254,000 oz gold in the Measured and Indicated categories and 223,000 oz gold in the Inferred category at 0.4 gpt gold cut-off.
In 2016, NJMC completed an internal scoping study and developed an underground mine plan at Golden Chest,
that focused on unmined ore from the prior mine plan and from other accessible, drill-tested zones.
Also in 2016, NJMC excavated and began mining an open pit, called the Idaho Pit, located about 200 meters above the mine portal.
The open pit mine produced 3,525 ounces of gold in 2017.
With more than $13-million spent to explore, develop, expand, and modernize the Golden Chest Mine, NJMC has an outstanding platform for future exploration and development.
https://newjerseymining.com/roberts/
The Roberts Rare Earth Element Project is comprised of 12 unpatented mining claims covering an area of approximately 89 hectares (219 acres). This Project is located within the Mineral Hill Mining District, approximately 48 kilometers (30 miles) northwest of Salmon, Idaho. In Idaho, most of the lode REE occurrences lie along a northwest trending line that extends from Lemhi Pass, through Diamond Creek, to the Mineral Hill district, before crossing the Idaho-Montana state line. This lineament stretches more than 50 miles across central Idaho. The Roberts Project is on this trend and is the next best REE mineralization northwest of NJMC’s Diamond Creek Project.
The Mineral Hill district was historically prospected in the early 1900’s for gold and copper. Rare earth element (REE) mineralization was first discovered in the early 1950’s. Studies conducted by A. T. Abbott (1954) and A. L. Anderson (1958) from the Idaho Geological Survey, and E. P. Kaiser (1956) with the USGS, pioneered recognition of these REE occurrences. Abbott reported cutting a 2.5-foot sample across the Roberts Lode which returned 21.5 per cent combined rare earth oxides and thoria.
https://newjerseymining.com/new-jersey-mill/
https://newjerseymining.com/murray-gold-belt-map/
https://newjerseymining.com/butte-highlands/
https://newjerseymining.com/mckinley/
https://newjerseymining.com/eastern-star/
https://newjerseymining.com/we-live-here/
New Jersey’s corporate philosophy is a direct reflection of the personal motivations and individual belief systems of our employees and preferred contractors.
We live, work, and raise families in the extended communities where we operate, thus we have a deep-seated desire to protect our neighborhoods and environment for future generations.
We are committed to preserving the best elements of our history while remaining open to opportunities to restore and protect our environment.
At New Jersey we eat our own cooking. New Jersey has eight father/son/daughter teams within our work force and network,
thus we are vested in the protection of the environment and advancement of the company while building the next generation of responsible leaders.
And while we respect and work closely with consultants on an as needed basis, we believe that some groups utilize environmental consultants as a form of risk transfer.
In short, we feel that one of the best forms of built-in responsibility is gained by working where you live and putting your time and money at risk
– and that building and marketing a company around the distant experience of others is a speculative business plan of the past. (more…)
Company Profile:
New Jersey Mining Company (NJMC:OTCBB) is exploring for and developing gold, silver and base metal ore resources in the
Coeur d'Alene Mining District of northern Idaho and western Montana.
The Company has a gold
exploration joint venture with Newmont North American Exploration Limited at the Toboggan Project near Murray, Idaho.
The Company's portfolio of mineral properties also includes: the Niagara copper-silver deposit, the Golden Chest mine,
the New Jersey mine, the Silver Strand mine and several exploration prospects.
The Company's strategy is to explore for gold, silver and base metal deposits in the Coeur d'Alene Mining District, a world
class mining district, while concurrently mining and processing higher grade resources at its New Jersey mill facility near Kellogg, Idaho.
Our financial strategy is to generate cash from these operations, thus reducing the need to raise funds through financing activities including the sale of common stock.
NJMC purchased a diamond drill rig in 2007. Exploration drilling with the company's rig for the 2009 exploration season is planned at the Toboggan Project.
Currently, gold is being produced from underground exploration on the Clagett and Katie veins at the Golden Chest mine. [DIS IS AH RICH MINING COMPANY]
Development of a ramp to access a reserve block that holds 28,200 ounces of gold reserves on the Idaho vein is currently on hold until the company can raise funds at favorable terms.
Completion of the ramp to access the Idaho vein will require 300 meters of development.
A seasonal underground mining operation at the Silver Strand has been permitted, and some production is planned for 2009.
New Jersey Mining Company is favored with:
Exploration Strategies [SILVER VEINS HUGE 3FT TO 4FT WIDE]
NJMC's geologists are exploring for gold, silver, and base metals in Belt metasediments which host many important, world-class metallic deposits.
We believe the Belt, especially the Silver Valley, has been under-explored with modern exploration technology, and the potential to find new deposits is excellent.
The Belt sediments were deposited in an ancient rifting basin and some of the mineral deposits were formed nearly simultaneously with the deposition of the sediments.
Some geologists think the Belt Basin was split into two parts, and the
NJMC is exploring for three types of deposits in the Belt Basin:
1. Gold deposits with co-product silver which were sourced from granitic or alkaline igneous rocks intruding the Belt metasediments.
The Golden Chest mine, Giant Ledge prospect and the Toboggan Project fit this category.
2. Stratabound copper-silver deposits in the Revett formation which have the potential to contain more than 100 million ounces of silver.
The Company's Niagara deposit has a resource of 14.2 million tonnes at 0.46% copper and 20 grams per tonne silver, and may expand with more drilling.\
3. Silver-lead-zinc deposits that have been deposited on an ancient seafloor with the sediments of the Prichard formation, the oldest formation of the Belt Basin.
The Enterprise and CA prospects fit this category.
The first category of deposits has not been explored extensively, and NJMC thinks that the potential is excellent for finding one or more of these deposits in the
Toboggan Project as well as expanding the gold resource at the Golden Chest.
Alkaline intrusive-related gold deposits are attractive exploration targets because they can be large,
of high grade, low sulfide content, and self-buffering (non-acid producing) due to carbonates.
These deposits can be overlooked due to the often inconspicuous nature of the mineralization and the related placer deposits are often poorly developed due to the
telluride and/or pyrite mineralization found in such deposits.
Examples of such deposits are Cripple Creek, CO, Golden Sunlight, MT, and Porgera, Indonesia.
These deposits typically occur in breccia pipes, bonanza veins, and disseminations and replacements in the intrusive and surrounding sedimentary rocks.
Their characteristics include a gold-tellurium association, narrow high-grade gold veins, and low sulfur.
The second category of deposits is typified by large deposits in northwestern Montana including Revett Minerals' Troy and Rock Creek deposits and
Mines Management's Montanore deposit which contain a combined resource of 520 million ounces of silver and 2.1 million tonnes of copper.
These deposits commonly have mineralization stacked in several horizons. Mineralization consists of disseminated and veinlet controlled bornite,
chalcopyrite, chalcocite, and their oxidation products of malachite and azurite.
The third category of deposits has exciting potential for very large deposits. It is possible that a deposit will be found in the Prichard Formation which represents the seafloor form of mineralization.
It is hypothesized that these deposits could be source of the metals in the Coeur d'Alene veins, and an example is the Sullivan deposit which is north of the Silver Valley in Canada in the Belt Basin.
NJMC Golden Chest Mine -
Golden Chest Mine
Placer gold was discovered in the streams near Murray in 1882 and led to a gold rush that was the birth of the Coeur d'Alene Mining District.
Past gold production for the Murray area is estimated at 300,000 ounces, including of 200,000 ounces from placers.
The Golden Chest was the location of one of the first lode claims in the district, and is the largest historic lode producer of gold in the district with production
estimated at approximately 65,000 ounces mostly from shallow underground mining of the Katie and Dora high grade veins.
Most of this historic mining took place in the late 1890's and 1900's. In the late 1980's Newmont Exploration Limited (NEL) explored the Golden Chest
with 35 shallow reverse circulation and 5 core holes and estimated an "inferred geologic resource" of 231,000 ounces at 1.66 grams per tonne (gpt).
This historic resource was primarily contained to a large quartz vein system known as the Idaho vein on the southern end of the property.
NJMC has leased the property since 2003 and conducted small scale underground mining comprised of 8,400 tonnes grading 6.90 gpt.
A ramp extending 500 meters and connecting with the No. 3 level was driven.
NJMC also completed about 3,500 meters of core drilling on the property primarily focused on extending the Idaho vein at depth which was successful.
Highlights from this period of drilling include:
DDH4-06 which intercepted 15.5 meters grading 5.50 gpt gold and DDH05-3 which intercepted 7.1 meters assaying 10.32 gpt gold. NJMC
has also calculated an SEC-compliant reserve of 242,000 tonnes grading 5.10 gpt gold along the Idaho vein.
Geology
Gold mineralization at the Golden Chest is related to a thrust fault known as the Idaho fault and the property is located on the west limb of the Trout Creek anticline,
a major north-trending fold in the Prichard formation.
The Idaho fault occurs at the contact of Prichard formation units G and H. Unit G, a quartzitic unit,
is the host for most of the veins while the overlying Unit H is an argillite-siltite sequence of rocks.
Near the fault, Unit G has been found to host narrow, high-grade vein structures.
In the southern part of the mine, gold mineralization is found near and parallel to the north-trending Idaho fault while the northern part of the mine hosts the
higher grade Katie and Dora veins which splay off the Idaho fault in a northeasterly direction. Gold mineralization can be found along at least 1,500 meters
of strike length along the Idaho fault.
The lowest level of the Golden Chest mine is the No. 3 level which is at the valley bottom elevation, and drilling has only probed the Idaho vein about 120 meters
below this level in a district known for hosting orebodies that outcrop on surface and continue at depth for 2,500 meters.
Exploration and Development Plan
The exploration and development plan for the Golden Chest will consist of both surface and underground core drilling as well as underground development.
About 7,200 meters of surface drilling and 3,600 meters of underground drilling are planned for 2011.
The goals of the drilling program will be to increase the density of drilling on the surface for a NI 43-101 compliant resource estimate and also to extend the mineralization down dip.
An underground mapping and sampling program will also be undertaken.
One drill is currently working underground in the north end of the mine in the area of the high grade veins and one drill is working on surface exploring Idaho vein.
New Jersey Mining Company Announces High Grade Intercept
of 33.0 g/t Gold Over 2.6 Meters at
Golden Chest Mine -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61016179
New Jersey Mining Company (NJMC) Contact Information:
P.O. Box 1019
Latest Report Authorized Shares N/A Kellogg, Idaho 83837
CIK 0001030192 Par Value 0.1000 Phone: 208-783-1032
Fiscal Year End 12/31 Transfer Agent(s) Fax: 208-783-3331
OTC Market Tier OTCQB Columbia Stock Transfer Company Email Operations:minesystems@usamedia.tv
Profile Data Failures To Deliver N0 Email PR: ir@newjerseymining.com
SIC - Industry Classification 1040 - Gold and Silver Ores Web: http://www.newjerseymining.com
Incorporated In: ID, USA www.newjerseymining.com
Year of Inc.
Market Value1 | $10,897,417 | a/o Jul 15, 2016 | |
Authorized Shares | 200,000,000 | a/o Apr 06, 2016 | |
Outstanding Shares | 94,760,148 | a/o Apr 06, 2016 | |
-Restricted | Not Available | ||
-Unrestricted | Not Available | ||
Held at DTC | Not Available | ||
Float | 63,053,814 | a/o Apr 06, 2016 | |
Par Value | 0.1 |
Columbia Stock Transfer Company |
Shareholders of Record | 321 | a/o Apr 06, 2016 |
Short Interest | 5,900 (-45.87%) Jun 30, 2016 |
Significant Failures to Deliver | No |
http://www.shoshonenewspress.com/special_sections/
Gold and silver are higher this morning with the dollar, the British pound and commodity currencies falling in value.
It is too early to tell whether the recent margin driven, paper sell off on the COMEX is over but physical supply remains limited while demand remains robust,
particularly in China, India and wider Asia.
Cross Currency Rates
Knowledgeable experts continue to urge investors to own gold and silver due to the likelihood of much higher prices, currency and inflation risk.
One of the most respected global technical and macro strategists in the world, Robin Griffiths has said that
silver and gold could rise to $450 and $12,000 per ounce respectively due to the debasement of paper currencies.
Dow Jones to Gold Ratio - 50 Years (Quarterly)
Griffiths was chief technical strategist with HSBC for over 20 years, has 44 years investment experience and now works for Cazenove Capital,
one of the oldest investment houses in the world tracing its origins back to the 17th century.
It manages money on behalf of blue blooded clients and is widely believed to manage some of the British Royal family's wealth.
When asked by King World News if his $350 target was a realistic price level for silver Griffiths stated,
"That is absolutely not unrealistic. If you adjust the old all-time high for inflation...that gives you $450 for silver.
Then you add in the fact that they are printing money, you can take it higher than that without any difficulty at all."
Dow Jones Industrial Average - 50 Years (Quarterly)
Griffiths told King World News that "Bulls (bull markets) are very successful at wobbling people out at the wrong time. "
Griffiths has previously said that not owning gold today is a form of insanity and "may even show unhealthy masochistic tendencies,
which might need medical attention." (see here)
He has also critiqued the western media's superficial coverage of gold and their resort to Warren Buffett's ignorant comments on gold despite money
printing and international currency debasement on a scale never before seen in history .
Meanwhile perhaps the leading commodity expert of our time, Jim Rogers, has said that silver was not and is not a bubble.
Regarding the recent price correction he said, "I don't know what caused it maybe it was short covering, maybe it was rumors.
I have no idea." He continued "silver went down a great deal but if you raise margin requirements 150%-200% you would expect something to collapse," he added.
"I hardly see how silver could be a bubble when, even at its top, it's still below its all-time high. That's not much of a bubble."
If it goes to $150 this year, all other things being equal, then I'd say you better sell your silver.
If it goes to $150 in 10 years then I would say that's a normal progression up and that's the way things work.
But if the U.S. dollar suddenly turns into confetti then you better hold your silver at $200. So it depends on the circumstances and the timing more than anything else.
Since 2003, GoldCore have said that gold and silver would reach their inflation adjusted highs of $2,400/oz and $130/oz.
Our estimates appear increasingly conservative especially given the fact that the official inflation statistics have been debased over the years and are not an accurate reflection of real inflation.
Predicting the future price of any asset class is impossible. Predicting that gold and silver will continue to protect against financial and economic shocks and crashes and global currency debasement is possible.
The current correction should be used as another buying opportunity in order to protect against the continuing extraordinary degree of macroeconomic, monetary and geopolitical risk in the world.
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
http://www.walkaboutventures.com/
http://www.888c.com
God Bless
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02-07-2021
DISCLAIMER: ONLY FOR MICK
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