New Jersey Reports Drilling On Niagara Copper-Silver Deposit
KELLOGG, ID - New Jersey Mining Company reported that it recently completed two drillholes on its Niagara copper-silver deposit near Murray, Idaho. Both holes intercepted copper-silver mineralization near the surface and over significant intervals increasing the potential for open pit mining. The mineral resource at the Niagara is estimated to contain 14.2 million tonnes grading 0.46% copper and 20 grams per tonne silver based on historic drilling completed in the 1970's. The current drilling intercepted similar grades to the historic drilling. The intercepts are summarized below:
------------------------------------------------------------------
Drill From To Interval Copper Silver Gold
Hole (meters) (meters) (meters) (%) (gpt) (gpt)
------------------------------------------------------------------
08-5 19.8 55.8 36.0 0.45 7.4 0.138
------------------------------------------------------------------
08-6 13.2 71.7 58.5 0.39 13.6 0.098
------------------------------------------------------------------
The drill intercept in hole number 08-5 is the true thickness of the mineralized zone while the true thickness of the zone in hole number 08-6 is about 70% of the drilled interval. In the historic drilling, gold was not assayed for, and the current drilling shows that gold will be significant economically. A new resource estimate will be completed early next year since drilling operations are planned to continue at Niagara through the autumn until winter weather arrives.
Fred Brackebusch, CEO, commented: ``The current drilling is expected to expand the resource because some gaps in historic drilling are being drilled this year. Also the current drilling showed very shallow mineralization thus improving the possibility of open pit mining.''
The company's address is 89 Appleberg Road, P.O. Box 1019, Kellogg, ID 83837, 208-783-1032, fax: 208-783-3331, email: [email protected].