KELLOGG, ID - New Jersey Mining Company reported the drilling results from the first five holes of this year's first phase drilling program at the Toboggan project. Included in the intercepts is an intercept of the Gold Butte structure which graded 2.52 grams per tonne (gpt) gold over a 4.0 meter interval including one meter of 7.15 gpt. The Toboggan project is a gold exploration joint venture between New Jersey Mining Company and Newmont North America Exploration Limited. Drilling finished for the season on October 8th with a total of six holes completed for 1,359 meters with two holes drilled at each of the following prospects: Mineral Ridge, Golden Reward and Gold Butte. The purpose of the this year's drill program was to utilize previously permitted drill sites to investigate geochemical soil anomalies, geophysical anomalies, and also to gain a better understanding of the geology since surface exposure is very limited due to vegetation. The results from this year's program will be used to refine targets for next year's planned larger drilling program.
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