Business
New Jersey Mining Company Provides Second Quarter Results of Operations and Corporate Activities
COEUR D'ALENE, ID / ACCESSWIRE / August 16, 2021 / New Jersey Mining Company (OTCQB:NJMC) ("NJMC" or the "Company") today announced its consolidated operating a
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, ID / ACCESSWIRE / August 16, 2021 / New Jersey Mining Company (OTCQB:NJMC) (\"NJMC\" or the \"Company\") today announced its consolidated operating and financial results for the second quarter of 2021. The full version of the Company's interim unaudited consolidated financial statements and management's discussion and analysis (MD&A) can be viewed on the Company's web site, and EDGAR. All amounts are expressed in U.S. dollars unless otherwise specified. NJMC President and CEO, John Swallow stated, \"Once again we accomplished a great deal over the course of the quarter. I always say that with all of its moving parts, NJMC is basically a large company masquerading as a small company - and the bullet points listed below more than support that belief. With press release titles such as; ‘Discovers Significant Gold-Quartz Veins', ‘Drills Double Gold Veins', ‘Expands its High-Grade Roberts Rare Earth Element Land Package' and ‘Rare Earth Project's to Participate in the USGS Mineral Resources Program' and others… The difference now is that we are legitimately making plans and moving toward that reality.\" Highlights during the second quarter of 2021 include: As part of its dual-pronged approach, the Company expanded its Rare Earth Element footprint during the quarter along with advancing its knowledge base of Roberts and Diamond Creek. The Company is permitting tentative drill plans for Diamond Creek and participated in preliminary discussions with the Idaho Geologic Survey (IGS) as part of a United States Geologic Survey (USGS) program focused on advancing the future potential of Critical Minerals in this area of Idaho. The Company completed the acquisition of 508 additional acres of private patented mining claims near Murray, Idaho for $1,699,965. This claim group consists of 28 patented mining claims and is contiguous with other lands owned by the Company, bringing NJMC's private land holdings in the Murray Gold Belt to over 1,500 acres. The Company has named this property Alder Gulch. NJMC discovered two quartz veins, the Badger and the Argus, on its Alder Gulch property with encouraging gold assays from surface sampling. The Badger quartz vein was uncovered during road construction. All Badger vein samples contained anomalous gold with values up to 18 gpt Au.The Argus vein has been tracked for 130 meters along ...