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Article: New Jersey Mining Co. -- Golden Chest Agreement.
- Article from:
- Business Wire
- Article date:
- June 16, 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 16, 2003
New Jersey Mining Company (OTCBB:NJMC) recently signed letters of intent with Paymaster Resources Incorporated and Prichard Creek Resource Partners LLC pursuant to which New Jersey Mining Co. will enter into an exploration lease with a mining lease option on the Golden Chest mine located near Murray, Idaho.
The Golden Chest was the largest lode producer in the Murray district producing 65,000 ounces of gold from narrow high grade veins. Newmont Exploration Limited spent over $500,000 on an exploration program at the Golden Chest in the late 1980's which consisted of soil and rock ...