KELLOGG, Idaho, Dec. 6, 2004 (PRIMEZONE) -- New Jersey Mining Company (OTCBB:NJMC) announces that President Fred Brackebusch will make a presentation on Thursday, December 9, at the Northwest Mining Association's annual convention in Spokane, Washington. The session is entitled: "New and Re-Discoveries".
Mr. Brackebusch's presentation will focus on New Jersey's successful 2004 exploration season in northern Idaho. Highlights include:
-- Deeper drilling at Golden Chest mine indicates the possibility of a major gold orebody.
-- Also at the Golden Chest, a ramp was driven to a high grade drill intercept on the Katie Dora vein where an oreshoot was found.
-- A green fields silver prospect was discovered - called the Silver Button.
-- A high grade gold intercept was drilled at the Scotch Thistle prospect which extends the mineralization 1 km east of the New Jersey mine.
In addition, production has been achieved and significant generation of cash from production is projected for 2005. Highlights relative to production are:
-- A flotation circuit was added to the mill and was successfully commissioned. Recovery to concentrate has been approximately 93%.
-- Silver Strand silver-gold project is in final permitting phase with production planned for 2005.
-- A high grade mining operation is being prepared for the Katie Dora vein oreshoot. Electrical power has been installed to the portal and a shop building is under construction.
-- A pit design was completed for the shallow resource drilled by Newmont at the Golden Chest which indicates that significant pit production could be achieved.
New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal ore resources in the Coeur d'Alene Mining District of northern Idaho. The Company has a portfolio of mineral properties in the Coeur d'Alene Mining District including the New Jersey mine, the Silver Strand mine, the Golden Chest mine, the CAMP project, the Scotch Thistle project, and the Silver Button project.
This release contains certain forward-looking statements within the meaning of the Federal Securities Laws. Such statements are based on assumptions that the Company believes are reasonable but which are subject to a wide range of uncertainties and business risks. Factors that could cause actual results to differ from those anticipated are discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-KSB for the year ended December 31, 2003.
Further information about New Jersey Mining Company can be reviewed on the website of the Securities and Exchange Commission at www.sec.gov or on the company's website at www.newjerseymining.com