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Article: New Jersey Mining Company - Ramp Hits High Grade Vein.
- Article from:
- Business Wire
- Article date:
- July 8, 2004
CopyrightCOPYRIGHT 2004 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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KELLOGG, Idaho -- New Jersey Mining Company (OTCBB:NJMC) is pleased to announce that its exploration ramp at the Golden Chest mine near Murray, Idaho has intercepted the target gold vein. A strong quartz vein up to 2 meters in thickness was cut by the exploration ramp. Chip samples across the vein have assayed as high as 37.4 grams of gold per tonne (1.09 ounces per ton) across 1.8 meters of true thickness.
The ramp project has been successful in exposing high grade gold ore originally drilled by Newmont Exploration. The gold-quartz vein is hosted by a quartzite unit of the Prichard formation and is open along dip because historic exploration did not explore the ...