A Long Mining and Milling Heritage
The new management team at New Jersey Mining Company (NJMC) is implementing a new business plan. NJMC is located in North Idaho’s Silver Valley where it built and is the majority-owner and operator of a fully-permitted 360-tonne per day flotation mill and concentrate leach plant. The Company is actively engaging clients for custom milling contracts while also pursuing its own small-scale production opportunities.
The Company also owns a 47.88-percent interest in Golden Chest LLC which controls the Golden Chest Mine, an historical gold producer with more than 12,000 feet of underground workings. Since 2003, more than $6-million has been spent on exploration, drilling, and development at the Golden Chest Mine, including more than $5-million by Marathon Gold since 2010. Golden Chest LLC recently leased a portion of the Golden Chest Mine to Juniper Resources, a mine development and production company.
The Company’s common stock trades on the OTC Market under the symbol “NJMC“.
- February 27, 2014December 12, 2013December 3, 2013