Open Pit Blasting at Golden Chest
Golden Chest Mine Overview
NJMC’s 100-percent owned Golden Chest Mine is producing gold from both the open pit and underground operations, with all ore shipped to the nearby New Jersey Mill for processing.
In 2012, Golden Chest LLC commissioned a NI 43-101 Technical Report that included an overall mineral resource of 254,000 oz gold in the Measured and Indicated categories and 223,000 oz in the inferred category @ 0.4 gpt gold cut-off.
Management believes the Golden Chest property has district-scale potential for the longer term, not only near the operating mines, but also in areas of past exploration and historic production. With more than $13-million spent to explore, develop, expand, and modernize the Golden Chest Mine, NJMC has an outstanding platform for future exploration and development.