Business
New Jersey Mining Company Provides Third Quarter Results of Operations and Corporate Activities
COEUR D'ALENE, ID / ACCESSWIRE / November 15, 2021 / New Jersey Mining Company (OTCQB:NJMC) ("NJMC" or the "Company") today announced its consolidated operating
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, ID / ACCESSWIRE / November 15, 2021 / New Jersey Mining Company (OTCQB:NJMC) (\"NJMC\" or the \"Company\") today announced its consolidated operating and financial results for the third 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, \"We have always taken a success-based approach; therefore, we are advancing several initiatives regarding operations and the additional build-up that occurs when transitioning to the next level operationally and structurally. Both sides of the business (Gold and REE's) experienced considerable advancement during the quarter and YTD. The string of high-grade gold drill intercepts we released are the best and most consistent in company history and speak for themselves. The ongoing investment in our own drilling continues to pay off and is contributing to a growing backlog in the core shed. On a national level, realization of the importance of domestic sources of Rare Earth Elements is weaving nicely into our approach. In addition to the participation of our Rare Earth Element (REE) properties in the Earth MRI program, we advanced both Roberts and Diamond Creek and began working with the University of Idaho and Idaho Geologic Survey on a REE focused grant program, which is primarily focused on our Diamond Creek project. As I have previously mentioned, it is not the size of these programs that is the story. In our opinion, the real story lies in the reality behind the support for critical mineral programs after decades of almost the exact opposite mindset. In short, we feel very good about our Gold and REE positioning.\" Highlights during the third quarter of 2021 include: The Company's Roberts and Diamond Creek Rare Earth Element projects were included in the Earth MRI program overseen by the United States Geologic Survey (USGS) and conducted by the Idaho Geologic Survey (IGS). Additional groundwork was completed at Diamond Creek, including advancing the plan of operations for a 10-hole drill program. Furthermore, it is anticipated that core samples from this drill program are to be included in future partnership dis...