High-Grade Channel Sampling at the McKinley Mine

COEUR D'ALENE, ID - New Jersey Mining Company reported results from its recently completed underground channel sampling program at the McKinley Mine in central Idaho.

Channel samples were acquired from mine ribs and stopped areas at three separate zones on the same mine level. Out of 70 samples analyzed to-date, 20 have returned gold assays exceeding 0.03 ounces per ton (opt) (or 1 gram per tone (gpt)). Highlights include: 14-foot continuous channel that returned a weighted average of 1.37 opt gold (4.3 meters of 47 gpt gold), including a 6.5-foot sample that returned 3.24 opt gold (2.0 meters of 111 gpt gold); 5.7-foot continuous channel that returned 2.11 opt gold (1.7 meters of 72 gpt gold).

Other highlights include: 5.5-foot channel that assayed 0.41 opt gold (1.7 meters of 14.0 gpt gold); 5.5-foot channel that assayed 0.23 opt gold (1.7 meters of 7.9 gpt gold), and 4-foot channel that assayed 0.46 opt gold (1.2 meters of 15.8 gpt gold). The weighted average grade of the continuous zones is based on the sample weights as reported by ALS Chemex.

CEO Del Steiner said, "Our underground channel sampling program constitutes the most comprehensive work performed at the McKinley Mine in modern times and greatly increases our confidence in the project's potential. We have confirmed that three distinct vein zones contain significant gold values and anticipate additional zones to be confirmed as assays from the remaining samples are reported. We expect those results shortly."