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Post by
AndrewC2on May 25, 2010 4:24am
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Post# 17127506
Income starting
Income startingAs the last correspondent wished for, here is a press release showing that some income is getting nearer.
AndrewC2
May 24, 2010
PRESS RELEASE
New Jersey Mining Company Starts Shipping Ore from the Silver Strand Mine
Kellogg, Idaho. New Jersey Mining Company (NJMC: OTCBB) is pleased to announce that it started shipping gold-silver ore from the Silver Strand mine last week. Processing of the Silver Strand ore at the New Jersey mill in Kellogg is expected to begin the first week of June after the mill has completed a run of Coleman vein material from an exploration raise at the New Jersey mine.
The mining crew at the Silver Strand is drifting on the vein to the east on the No. 3 level and the ore shoot is lengthening in this direction which may increase the amount of ore in this block. A 1.5 meter sample across the vein at the eastern face assayed 5.15 grams per tonne (gpt) gold and 239.8 gpt silver for an equivalent gold grade of about 9.0 gpt. Preparation work has been completed on the raise and once an inventory of ore has been built up in the shrink stope, shipments of ore to the mill should occur on a regular basis.