New Jersey Mining Company Provides First Quarter Update on Operations and Corporate Activities

About this update from Idaho Strategic Resources, Inc.

[{"type":"text","content":"COEUR D'ALENE, ID / ACCESSWIRE / May 15, 2019 / New Jersey Mining Company (OTCQB: NJMC/CSE: NJMC) (\"NJMC\" or the \"Company\") today announced its consolidated operating and financial results for the first quarter of 2019. The full version of the Company's interim consolidated financial statements and management's discussion and analysis (MD&A) can be viewed on the Company's web site, on SEDAR, and EDGAR. All amounts are expressed in U.S. dollars unless otherwise specified. Operational Highlights during the first quarter of 2019 include: For the quarter ending March 31, 2019 approximately 11,550 dry metric tonnes (dmt) were processed at the Company's New Jersey mill at a head grade of 3.20 grams per tonne (gpt) with gold recovery of 87.1%. A five-day mill schedule was started in March which has increased monthly mill production by approximately 40%. Gold sales for the quarter were 960 ounces. Open pit mining progressed from the 1012 bench to the 1009 bench. More mill feed has been mined per bench as mining has progressed to the Skookum shoot area of the vein. Open pit mine production averaged 1,040 tonnes per day (mineralized material and waste). Underground mining focused on access development for the 857 stope along with mining of the 848 stope. The 848 north stope advanced significantly during the quarter and the 848 south stope was started. The average grade of the 848 north stope has been encouraging with a grade of 8.50 gpt gold for over 100 meters of strike. Focused drilling on the Skookum area of the Golden Chest for a possible expansion of the underground mining operation, as well as resource expansion drilling to the south in the Paymaster and Joe Dandy areas. NJMC's core rig was used for development drilling in support of underground operations at the Golden Chest. Two drillholes, totaling 257 meters, successfully intercepted the Idaho Fault and associated gold-quartz veins in front of the 857 stope. A core hole was completed to evaluate the potential for pit expansion to the north. The drilling intercepted a large interval of gold mineralization adjacent to the open pit. GC 18-175 returned 1.0 g/t gold over 33.6 meters true thickness starting from a depth of 40.7 meters below ground surface including 3.26 g/t over 3.7 meters just below the Idaho Fault. Exploration drilling intercepted high-grade gold minera...

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