SOURCE: New Jersey Mining Co

May 24, 2010 11:42 ET

New Jersey Mining Company Starts Shipping Ore From the Silver Strand Mine

KELLOGG, ID--(Marketwire - May 24, 2010) -  New Jersey Mining Company (OTCBB: NJMC) is pleased to announce that it started shipping gold-silver ore from the Silver Strand mine last week. Processing of the Silver Strand ore at the New Jersey mill in Kellogg is expected to begin the first week of June after the mill has completed a run of Coleman vein material from an exploration raise at the New Jersey mine.

The mining crew at the Silver Strand is drifting on the vein to the east on the No. 3 level and the ore shoot is lengthening in this direction which may increase the amount of ore in this block. A 1.5 meter sample across the vein at the eastern face assayed 5.15 grams per tonne (gpt) gold and 239.8 gpt silver for an equivalent gold grade of about 9.0 gpt. Preparation work has been completed on the raise and once an inventory of ore has been built up in the shrink stope, shipments of ore to the mill should occur on a regular basis.

New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d'Alene Mining District of northern Idaho. New Jersey Mining Company has a portfolio of mineral properties in the Coeur d'Alene Mining District including the Toboggan project, the Niagara copper-silver deposit, the Golden Chest project, the New Jersey mine, and the Silver Strand mine. The New Jersey mine includes a fully-permitted flotation mill and concentrate leach plant.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Such statements are based on good faith assumptions that New Jersey Mining Company believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Factors that could cause actual results to differ from those anticipated are discussed in New Jersey Mining Company's periodic filings with the Securities and Exchange Commission.

Further information about New Jersey Mining Company and its properties can be found at the company's website at www.newjerseymining.com.

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