New Jersey Mining announced today that underground operations have commenced at its 100-percent owned Golden Chest Mine near Murray. NJMC is now operating from two locations at the Golden Chest Project - the open pit mine that it has developed and operated this year and the underground mine that was largely developed in 2015 and readied for [...]
New Jersey Mining is pleased to announce it has closed a $310,000 private placement and has used the proceeds to pay off the remaining balance owed on the Golden Chest Mine. Mr. Swallow stated, “Paying off the remaining balance of the $3.75-million purchase price of the Golden Chest Mine is a major milestone for our team. By accelerating payoff of [...]
New Jersey Mining Company today provided its Second Quarter update on operations at its Golden Chest Mine and corporate activities. During the three-month period ending June 30, approximately 7,425 dmt were processed at the Company’s New Jersey Mill, with average head grade of 4.78 gpt and average recoveries of 86.4 -percent. NJMC produced and sold [...]
New Jersey Mining announced today that efforts to widen the open pit at its Golden Chest Mine project have resulted in a significant expansion, including a 14-fold increase in tonnage and a 12-fold increase in mineable ounces of gold. As detailed in NJMC’s press release dated April 13, 2017, the Company used blast hole assays, and geologic modeling [...]