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New Jersey Mining Company Provides Preliminary High-Grade Drill Results and Year-End Exploration Update
The Golden Chest Mine, Murray Gold Belt and the Diamond Creek Rare Earth Element Property COEUR D'ALENE, ID / ACCESSWIRE / December 24, 2020 / New Jersey Mining
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" The Golden Chest Mine, Murray Gold Belt and the Diamond Creek Rare Earth Element Property COEUR D'ALENE, ID / ACCESSWIRE / December 24, 2020 / New Jersey Mining Company (OTCQB:NJMC) (\"NJMC\" or the \"Company\") is pleased to provide drill and sampling highlights, a year-end exploration update for the Golden Chest Mine, the Murray Gold Belt, and the Diamond Creek Rare Earth Element (REE) property. NJMC President and CEO John Swallow stated, \"As we close out the year, recent months have revealed a subtle, and not insignificant, trend of more frequent high-grade assays from both surface and underground mine operations - something we didn't see as much in prior years. In addition to the surface and underground sampling highlights and opportunities for expanded mine development, we are also pleased to announce a few high-grade drill results from the recently completed step-out drillhole in the Katie-Dora, the northern-most of the six identified ore shoots.\" Mr. Swallow continued, \"With over 7,800 blast holes, 431 muck samples and 523 longhole assays in our database, the amount of \"exploration\" conducted in support of operations cannot be understated. As is common with most surface and underground operations; mine development, drilling of holes, sampling, assaying and blasting are all standard operating procedure. By contrast, with most non-producing \"exploration only\" entities of our size, these endeavors exist only in non-revenue producing, theoretical mine models and detailed feasibility studies.\" Highlights for 2020 Exploration and Drilling Programs: Golden Chest The Katie-Dora drillhole was completed to 220 meters (20 meters below historic production levels) and intercepted three different veins which correspond to the historic Popcorn, Katie and Dora veins. While these veins were all relatively narrow, with average thickness of 20 centimeters (cm), visible gold was seen in the core at all three vein intervals and had high-grade gold assays of 75 grams per tonne (gpt), 15 gpt, and 10 gpt gold. The results from this step-out drillhole are encouraging because the vein intercepts are on strike and 600 meters north of current underground mining stopes and indicate a strong gold mineralized system is present at the Golden Chest. Follow-up drilling is already planned for this area in the spring. The 2020/21 exploration progra...