New Jersey Mining Intercepts 1.56 g/t Gold  

KELLOGG, ID - New Jersey Mining Company NJMC 0.00% is pleased to announce the drill intercept of 29.6 meters of 1.56 g/t gold (true thickness) in drill hole GC 11-16 from a core drilling program underway at the Golden Chest mine in Murray, Idaho. The Golden Chest is owned 50% by NJMC and 50% by Marathon Gold Corporation CA:MOZ +1.59% and NJMC is the operator.

"These most recent drill results from the Golden Chest mine as part of our 2011 exploration program are exciting, and represent solid results for a potential open pit resource. The mineralization is near surface and essentially follows the slope of the hillside, so the amount of waste to be removed would be low," said Phil Walford, President and CEO of Marathon Gold. "We remain on track for NI 43-101 compliant resource by year end."