latest news releases from the newsroom
SmallCap Sentinel: Building a Team
IRVINE, Calif., Feb. 18, 2009 (GLOBE NEWSWIRE) -- As a company embarks on a journey to create market share and resulting revenue, adding the pedigree of an esteemed member of the business community is inarguably beneficial. First, the company immediately enjoys the credibility of having someone steeped and knowledgeable joining the team, sending a signal to competitors and prospects that a person in-the-know sees the deal as viable and that proven leadership is at the helm. But there is also this individual's proverbial Rolodex of contacts that becomes a core asset to the company.
New Jersey Mining Company
New Jersey Mining Company Reports Resources On Its Niagara Copper-Silver Deposit
KELLOGG, Idaho, Feb. 18, 2009 (GLOBE NEWSWIRE) -- New Jersey Mining Company (OTCBB:NJMC) announces that it completed three drillholes on its Niagara copper-silver deposit near Murray, Idaho. With the new drilling data, the Company updated the block model and completed ultimate open pit design exercises. The third drillhole added over 2 million tonnes to the mineral resource, primarily because of its location in expanding the area of the mineralization. The third hole intercepted 19.4 meters of Revett stratabound copper-silver mineralization grading 0.51% copper, 25 grams per tonne (gpt) silver and 0.029 gpt gold. The results of the first two of the three holes were previously announced. All three holes intercepted mineralization that was similar to grades of historic drilling in the 1970's.