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dwyomingon Jun 24, 2010 8:13pm
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Post# 17220291
Excellent drill intercept NR
Excellent drill intercept NRNew Jersey Mining Company Drills 864 Gram/Tonne Gold Intercept
New Jersey Mining Company (OTCBB: NJMC) is pleased to announce that it intercepted a high grade banded vein in the hangingwall of the Idaho fault at the Golden Chest mine near Murray, Idaho. The intercept in Hole 10-01 was 27 cm of 864.48 grams/tonne gold at a depth of 58 meters below the surface. In addition, Hole 10-01 intercepted other mineralization including the Claggett vein in the footwall of the Idaho Fault. The Claggett vein intercept was 0.9 m grading 14.7 grams/tonne gold.
The high grade intercept is within 10 m of underground workings. The mining crew and equipment now at the Silver Strand mine will be reassigned immediately to the Golden Chest to drive a short crosscut to access the banded vein. The diluted mining grade indicated by the intercept would be greater than 100 grams/tonne gold.
The high grade intercept contained considerable visible gold. Company geologists classified the intercept visually and separated it into parts which were weighed and assayed separately. The part containing the most visible gold was completely assayed using the standard lead collection fire assay method. In total, there were 8 fire assays performed on the interval. Assays were performed by American Analytical Services and Chris Christopherson, Inc. Both labs are routinely used for production and dore' assaying for the Company's mineral processing plant and results tie with good agreement into metallurgical balance and sales results.