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New Jersey Mining Company

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Summary

Project:

Golden Chest

Deposit:Golden Chest
Location:United States
Commodities:Gold
Date:4/4/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:4-4-2018: New Jersey Mining Company announces an Exploration/Drilling Update report for its Golden Chest deposit at the Golden Chest project. Technical report summarizing previous mining operations on property. Iron Benchmark Land Services LLC (IBLS) has
Resources:(Resource): 4.627Mt @ 1.71g/t Au for 254Koz Au (M+I) 3.862Mt @ 1.8g/t Au for 223Koz Au (Inf.)
CP/QP:[Overall Report]: Robert Morgan, Lisa Hardy (Iron Benchmark Land Services Ltd.;Independent)
ABSTRACT:Iron Benchmark Land Services LLC (IBLS) has been retained by New Jersey Mining Company (NJMC) to prepare a Technical Report, as defined in NI 43-101, in accordance with the specified requirements of Form 43-101F1, for the Golden Chest Project (the “Project”) located in northern Idaho, USA. The objective of this Report is to describe the recent open pit and underground mining operations that have occurred on the Project and to complete Sections 15 to 22 of the NI 43-101 Technical Report. This is the third NI 43-101 technical report on the Golden Chest Project. Previously, Mineral Industry Consultants International Limited (Micon), prepared mineral resource estimates in 2011 and 2012. The Micon 2012 NI 43-101 technical report included an overall mineral resource of 254,000 oz gold in the Measured and Indicated categories and 223,000 oz gold in the Inferred category @ 0.4 gpt gold cut-off. The Micon 2012 NI 43-101 technical report also included an in-pit resource estimate with 4.63-million tonnes grading 1.71 grams per ton (gpt) gold and totaling 223,000 ounces (oz) of gold in the “Measured” and “Indicated” categories

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