New Jersey Mining Company Acquires Another Copper-Silver Property

KELLOGG, ID - New Jersey Mining Company recently completed an agreement to acquire a copper-silver exploration prospect found in the Revett formation known as the Copper Camp prospect. The Copper Camp prospect is located in close proximity to the Company's Golden Chest and Eagle Creek properties which are located from 10 to 15 kilometers to the east.

The Copper Camp showing is an early-stage copper and silver exploration project, having been explored with limited drilling by previous operators which include Kennecott, Cominco, and U.S. Borax. Previous operators drilled core holes down dip from the outcrop and three holes penetrated the favorable Revett beds showing low-grade copper-silver mineralization. At least three intercepts were made averaging 10 meters in thickness and grading 0.10% to 0.20% copper and 1.7 to 3.3 grams per tonne (gpt) silver.

The deepest exploration hole was drilled based on an observation that the mineralization seems to be higher grade with distance down dip from the outcrop. This hole penetrated the Copper Camp fault, but failed to intersect the more favorable Revett beds. However, at least ten showings of mineralization were noted in the overlying St. Regis formation. One short 0.18 meter interval at 173.2 meters of depth had structure-controlled bornite mineralization grading 4.45% copper and 84.0 gpt silver.

Company President Fred Brackebusch commented, ``The Copper Camp prospect has the potential to be a large deposit which can be determined by drilling from surface and following the mineralized beds down dip. The acquisition of the Copper Camp property is concordant with our strategy of developing enough resources in the Murray-Eagle area to support the operation of a flotation mill processing more than 5,000 tonnes/day.''

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].