New Jersey Mining extends gold mineralization at Paymaster
Northern Miner Staff | about 8 hours ago |
Image courtesy of New Jersey Mining New Jersey Mining (CNSX: NJMC; US-OTC: NJMC) has intersected gold
mineralization at its Paymaster Shoot in Idaho’s Coeur D’Alene district
grading as high as 70.3 grams gold over 0.35 metres.
The company drilled both holes to extend gold mineralization down dip
from exploratory holes it drilled at Paymaster in 2012. Paymaster is the next mineralized zone south of the Skookum Shoot,
part of the company’s producing Golden Chest gold mine.
The company drilled two holes in 2018 targeting gold-quartz veins
associated with the Idaho Fault in the Paymaster area.
The company found visible gold in both holes.
Hole 176 cut 39.5 grams gold over 0.46 metres from 89.5 metres downhole
and 25.7 grams gold over 0.55 metre from 124.1 metres downhole;
Hole 177 cut 18.2 grams gold over 0.53 metre from 95.8 metres downhole
as well as 70.3 grams gold over 0.35 metre from 115 metres downhole.
Highlights from previous drilling include:
Hole 106 which cut 8.22 grams gold over 3.9 metres from 154 metres
Hole 107, which cut 12.4 grams gold over 5.2 metres from 74 metres
downhole and 7.74 grams gold over 2.5 metres from 107 metres downhole.
The intercepts in Holes 176 and 177 are about 20 metres down dip from
intercepts in Holes 106 and 107.
In 2017, the company produced 3,525 oz. gold at its New Jersey Mill.
This story first appeared on The Northern Miner. http://www.mining.com/new-jersey-mining-extends-gold-mineralization-paymaster/
For more information on New Jersey Mining Company go to http://www.newjerseymining.com
Monique Hayes, Corporate Secretary/Investor Relations
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