For thousands of other reports visit RSC's Mineral Intellingence Map
New Jersey Mining Company
Summary
| Project: | Golden Chest | |
|---|---|---|
| Deposit: | Idaho | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-5-2019: New Jersey Mining Company announces an Exploration/Drilling Update report for its Idaho deposit at the Golden Chest project. Drilling results incl. 3.1m @ 5.1g/t Au from 128.1m. Based on the favorable assay results in both holes, mining of the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Morgan (Internal) | |
| ABSTRACT: | Based on the favorable assay results in both holes, mining of the 857 level has been extended to the north more than 40 meters beyond previous mining and indicating a possible coalescence of the Skookum and Golden Chest shoots. New Jersey’s drill rig was moved north from its successful program in the Paymaster area (see press release dated January 19, 2019), to nearby Skookum area to evaluate previously un-tested areas. The Skookum drill program successfully extended the strike length of mineralization on the 857 level indicating the possible connection of the Golden Chest and Skookum shoots at this elevation which has positive implications for resource expansion. Rob Morgan, NJMC VP of Exploration stated, “Incorporating our in-house drill into mine operations at the Golden Chest has proven its worth many times over. The favorable cost structure and operational flexibility of our drill crew is now commonplace within our company, however it’s the continued positive results from drilling that increases our confidence in the Golden Chest.” The 857 Level is one of two production headings in the Skookum Shoot, with one crew producing on the 848 Level and a second crew producing from the 857 Level. Underground mining conducted by NJMC is focused on the Idaho Vein, or the gold-quartz veining located immediately below the Idaho Fault. Vein intercepts are dominantly silicified quartz vein breccia with visible gold, galena, chalcopyrite and sphalerite. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report