New Jersey Mining today provided its third quarter update on operations at its Golden Chest Mine and corporate activities. During the nine-month period ending September 30, approximately 21,840 dmt were processed at the Company’s New Jersey Mill, with average head grade of 4.55 grams per tonne (gpt) and average recoveries of 84.6 -percent. - NJMC produced 2,609 ounces and sold 2,564 ounces of gold during the first nine [...]
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 production this year. All ore is being shipped to the Company’s nearby New Jersey [...]
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 the mine we will increase our near-term cash flow, allowing for a more [...]
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 1,319 ounces of gold in the second quarter.
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 to test the viability of expanding its open pit mine. Approximately 450 [...]
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