New Jersey Mining Provides Operations, Development, and Rehabilitation Update at its Golden Chest Mine Project
January 04, 2017 at 08:30 am
Share
New Jersey Mining Company provided an update on operations, development, and rehabilitation at its 100% owned Golden Chest Mine project in north Idaho. Recent highlights from the Golden Chest include: Through mid-December, approximately 6,000 tonnes of ore from the open pit have been processed at the New Jersey Mill, at an average head grade of 3.8 grams per tonne (gpt) gold with average recoveries of 82%. (Recoveries are expected to increase as mining continues to greater depth and more sulfide ore is encountered.). Open pit mining operations have progressed from the 1116 level down to the recently blasted 1081 and 1078 benches which will provide approximately 4,500 tonnes of ore and, as expected, have returned assays of 4.5 to 5.0 gpt gold. The first 20-tonne wet metric concentrate shipment from the New Jersey Mill is expected by mid-January and, following a break for additional blasting and then the holidays, ore shipments to the mill have resumed. Dewatering of the underground mine is nearly complete and more permanent mining equipment and mine ventilation components are being installed, with underground mining operations scheduled to resume early this year.
Idaho Strategic Resources, Inc. is engaged in the business of exploring for, developing, and extracting gold, and to a lesser extent, silver, and base metal mineral resources in the Greater Coeur dâAlene Mining District of North Idaho. It produces gold at the Golden Chest, located in the Murray Gold Belt area of the Coeur dâAlene Mining District, north of the prolific Silver Valley. It conducts its surface and underground mining operations at its 100 % owned Golden Chest Mine and conducts milling operations at its New Jersey Mill. The Golden Chest Mine is the Companyâs only production stage mine and comprises an underground mine, an open pit mine, and an exploration property located about 1.5 miles east of Murray, Idaho and includes 86 patented mining claims (1,322 acres) and 217 unpatented claims. The New Jersey Mill is a fully permitted, 360-tonne per day, flotation mill and concentrate leach plant located two miles east of Kellogg, Idaho, in the Coeur dâAlene Mining District.
IDAHO STRATEGIC RESOURCES, INC. 
