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Article: New Jersey Mining Co. - Exploration Update.
- Article from:
- Business Wire
- Article date:
- June 4, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
KELLOGG, Idaho--(BUSINESS WIRE)--June 4, 2003
New Jersey Mining Company (OTCBB:NJMC) has recently completed drilling at its Lost Eagle prospect near Murray, Idaho. Two diamond drillholes of about 185 meters each were completed to investigate geophysical anomalies discovered last year.
The Lost Eagle prospect is a quartz vein carrying sulfides that outcrops in the Revett formation. The averages of eight grab samples taken at the discovery site were 16.3 grams per tonne (gpt) gold and 159 grams gpt silver with the lowest grade at 4.0 gpt gold and 24 gpt silver.
Abundant alteration including carbonate enrichment, potassic ...