Trenching at Eastern Star
In April 2014, NJMC purchased the Eastern Star project from Premium Exploration Inc. The property consists of 11 patented mining claims covering 220 acres near Elk City, Idaho.
The Elk City Mining District is an historic gold mining region dating back to the 1860s that once supported more than 20 mines, including the Eastern Star, along with placer dredging operations. Modern exploration in the district by companies including Cypress-Amax, Kinross Gold, and Bema Gold has focused on near-surface bulk tonnage potential, while the many smaller-scale high-grade gold occurrences have largely been ignored.
At the Eastern Star, high-grade samples were previously collected by Premium from three separate locations, representing nearly one-half mile of mineralized trend. Of 25 Premium grab samples, nine returned gold values greater than 0.493 ounces per ton (opt).
Recent rock chip sampling by NJMC confirmed the widespread presence of high-grade gold within mineralized quartz vein material. Of 27 samples collected by NJMC, 12 returned gold values exceeding 0.16 opt with five of those exceeding 0.5 opt. The samples were collected over a broad area, representing multiple vein zones. Individual samples from five of the zones assayed greater than 0.189 opt gold. Two samples from a previously unprospected area returned gold values of 1.57 opt and 2.01 opt. A sample from another previously unprospected area returned 0.36 opt gold.
NJMC has followed-up with additional rock chip sampling and 2,900 feet of surface trenching to help trace structures and map vein locations as there is little exposed outcrop on the property.
The Eastern Star lies within trucking distance to the New Jersey Mill in Kellogg, fitting the Company’s near-term objective of evaluating high-grade systems for production potential as well as its longer-term vision of possibly building a new mill capable of servicing an emerging mining district as local operations are developed.