Idaho Strategic Resources (IDR)

[mick]

https://www.otcmarkets.com/stock/NJMC/news/New-Jersey-Mining-Company-Intersects-High-Grade-Gold-Veins-Down-Dip-in-Paymaster-Shoot?id=290413
excerpt;
OTC DISCLOSURE & NEWS SERVICE
New Jersey Mining Company Intersects High-Grade Gold Veins Down-Dip in Paymaster Shoot
Press Release | 02/18/2021
COEUR D'ALENE, ID / ACCESSWIRE / February 18, 2021 / New Jersey Mining Company (OTCQB:NJMC) ("NJMC" or the "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 ("Paymaster").

All reported intervals are the true thickness of the vein.

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 intercepted 0.9 meters of 14.7 grams per tonne (gpt) gold in the upper vein and 0.2 meters of 6.3 gpt gold in the lower vein.

NJMC President and CEO John Swallow commented,
"The methodology and success ratio of this drill program is impressive.

And with the high-grade intercepts from both the Joe Dandy and the Paymaster,
we are watching in real-time as our ‘production-supported ore shoot model' transforms from a highly confident geologic theory into a drill-proven and geologic reality."

Mr. Swallow continued, "Along with the results stated above, 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 and may represent a promising supplementary mineralizing control.

At this time the true thickness is unknown."

NJMC's VP of Exploration, Rob Morgan states,
"This 2021 ore shoot drill program is focused on our ‘Deep Rooted' ore shoot model and designed to prove vertical continuity by intercepting deeper ore grades in each of our six identified ore shoots.

These drill intercepts step out approximately 100 meters along strike from previous 2018 high-grade exploration intercepts in holes GC 18-176/GC 18-177 and 45 meters down dip from 2012 ore-grade exploration intercepts in holes GC 12-123/GC 12-130.

To date, this process has proven successful and demonstrated the Paymaster and Joe Dandy Ore shoots both improve in gold grade down-dip from previous high-grade intercepts encountered in our 2012 and 2018 exploration programs, respectively."

Mr. Morgan continues, "Drill holes GC 20-183 and GC 21-184 targeted down dip extensions of gold bearing quartz veins in the Paymaster Shoot.

These holes now represent the deepest ore intercepts in the Paymaster Shoot to date and show further vertical continuity of the ore shoot system at the Golden Chest (see Golden Chest Long Section below).

The drill holes encountered both upper and lower veins which flank a monzonite sill and are characteristic of the Paymaster area.

The Paymaster claim, established in 1883, has the honor of being the first hard rock lode claim in the Coeur d'Alene Mining District and predates the discovery and establishment of the world-class Silver Valley."

The Golden Chest deposits are similar to the deposits of the Coeur d'Alene District, in that the vertical extents of the ore shoots are often greater than the horizontal.

The two districts may or may not be genetically related, but there are definitely structural similarities. At NJMC, we consider the Murray Gold Belt to represent the gold zone adjacent to the greater Coeur d'Alene District silver-lead-zinc zone.