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New Jersey Mining Company Trenching Results Support Pursuit of Second Open Pit at Its Golden Chest Mine
Feb. 05, 2018 08:42AM PST
Gold InvestingNew Jersey Mining Company (OTCQB:NJMC) (“NJMC” or the “Company”) today announced results from its recent exploration trenching program at its Golden Chest Mine in Northern Idaho. The company completed 14 trenches, totaling 653 meters, which were designed to test for near-surface, open-pittable gold mineralization in areas where the Idaho Fault and its associated vein set …
New Jersey Mining Company (OTCQB:NJMC) (“NJMC” or the “Company”) today announced results from its recent exploration trenching program at its Golden Chest Mine in Northern Idaho.
The company completed 14 trenches, totaling 653 meters, which were designed to test for near-surface, open-pittable gold mineralization in areas where the Idaho Fault and its associated vein set project to the surface. Trenches were completed in three target areas: the area just north of the currently producing Golden Chest pit, and within the Klondike Ridge and Katie-Dora ore shoots.
NJMC CEO and President John Swallow commented:
“The collective experience of Grant, Rob and John Etienne (NJMC Senior Geologist) exploring, developing, and producing gold from the Golden Chest property continue to validate our approach at the Golden Chest as we assess the potential for expanding our operations and strategically building a land position throughout the Murray Gold Belt.
Concurrent with our expansion efforts at the Golden Chest, Del has been leading efforts to augment our Central Idaho holdings as part of our continued focus on historic past producing mining districts in Idaho and Montana.”