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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001062993-04-002076.txt : 20041217
<SEC-HEADER>0001062993-04-002076.hdr.sgml : 20041217
<ACCEPTANCE-DATETIME>20041217171346
ACCESSION NUMBER:		0001062993-04-002076
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041217
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041217
DATE AS OF CHANGE:		20041217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW JERSEY MINING CO
		CENTRAL INDEX KEY:			0001030192
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				820490295
		STATE OF INCORPORATION:			ID
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28837
		FILM NUMBER:		041212082

	BUSINESS ADDRESS:	
		STREET 1:		89 APPLEBERG RD
		STREET 2:		PO BOX 1019
		CITY:			KELLOGG
		STATE:			ID
		ZIP:			83837
		BUSINESS PHONE:		2087833331

	MAIL ADDRESS:	
		STREET 1:		89 APPLEBERG ROAD
		STREET 2:		PO BOX 1019
		CITY:			KELLOGG
		STATE:			ID
		ZIP:			83837
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<TITLE>Filed by Automated Filing Services Inc. (604) 609-0244 - New Jersey Mining Company - Form 8-K</TITLE>

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<P align="center"><font size="5"><strong>UNITED STATES<br>
  SECURITIES AND EXCHANGE COMMISSION</strong></font><br>
  Washington, D.C. 20549</P>
<P align="center"><B><font size="5">FORM 8-K</font></B></P>
<P align="center"> <B>CURRENT REPORT</B></P>
<P align="center">Pursuant to Section 13 or 15(d) of the<br>
  Securities Exchange Act of 1934</P>
<P align="center"> Date of Earliest Event Reported: <u><b>December 17, 2004</b></u></P>
<P align="center"> <B><U><font size="5">NEW JERSEY MINING COMPANY</font><br>
  </U></B>(Exact name of registrant as specified in its charter) </P>
<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="center">
    <td width="33%" valign="top"><u><b>Idaho</b></u></td>
    <td width="33%" valign="top"><u><b>000-28837</b></u></td>
    <td width="33%"><u><b>82-0490295</b></u></td>
  </tr>
  <tr align="center">
    <td valign="top">(State or other jurisdiction of</td>
    <td valign="top">(Commission File Number)</td>
    <td>(IRS Employer</td>
  </tr>
  <tr align="center">
    <td valign="top">incorporation or organization) </td>
    <td valign="top">&nbsp;</td>
    <td>Identification No.)</td>
  </tr>
</table>
<br>
<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="center">
    <td valign="top"><b>P.O. Box 1019 (Street: 89 Appleberg Road) </b></td>
    <td>&nbsp;</td>
  </tr>
  <tr align="center">
    <td valign="top"><u><b>Kellogg, Idaho</b></u></td>
    <td><u><b>83837</b></u></td>
  </tr>
  <tr align="center">
    <td width="50%" valign="top">(Address of principal executive offices)</td>
    <td width="50%">(Zip Code)</td>
  </tr>
</table>
<p align="center"> <u><b>(208) 783-3331</b></u><br>
  Issuer's telephone number </p>
<p align="center"> <b><u>N/A</u></b><br>
  (Former name, former address, and formal fiscal year, if changed since last
  report)</p>
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<p><strong>ITEM 1.01 Entry into a Material Definitive Agreement.</strong></p>
<p align="justify">At a December 14, 2004 Board Meeting, the Board of Directors
  of New Jersey Mining Company approved the exercise of the Option to Lease the
  Golden Chest mine near Murray, Idaho. The company has exploration agreements
  with Metaline Contact Mines (MCM) and Prichard Creek Resource Partners, LLC
  (PCRP) covering the Golden Chest and surrounding area. Upon signing of the agreements,
  the Company will issue 100,000 shares of its common stock to exercise the lease
  with MCM and 30,000 shares to exercise the lease with PCRP. </p>
<p align="justify">The term of both leases is for 15 years and thereafter as long
  as leased substances are mined, processed or marketed from the leased premises.
  The lease with MCM covers approximately 230 acres of patented land, and calls
  for a 3% Net Smelter Return (NSR) royalty with additional royalties of up to
  an additional 3%, if the gold price exceeds certain inflation adjusted gold
  prices. Also, for each 10,000 ounce increment of gold production, the Company
  will issue MCM 50,000 shares of its common stock.</p>
<p align="justify">An NSR royalty of 3.0% is a condition of the lease with Prichard
  Creek Resource Partners, LLLC. The lease covers an area of approximately 83
  acres of unpatented claims. An additional royalty of up to 3% is also due if
  gold prices exceed certain inflation adjusted gold prices. Upon commencement
  of commercial production, the Company must issue one-time fee of thirty thousand
  shares of its common stock.</p>
<p> <strong>ITEM 9. EXHIBITS.</strong></p>
<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="5%" valign="top">(c)</td>
    <td colspan="2" valign="top"> Exhibit No.</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td width="5%" valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top" bgcolor="#EEEEEE"><a href="exhibit99-1.htm"> 99.1</a></td>
    <td bgcolor="#EEEEEE"><a href="exhibit99-1.htm">Press Release issued December
      17, 2004. </a></td>
  </tr>
</table>
<p align="center"> <b>SIGNATURE</b></p>
<p align="justify"> Pursuant to the requirements of the Securities Exchange Act
  of 1934, the registrant has duly caused this report to be signed on its behalf
  by the undersigned, thereunto duly authorized. </p>
<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%" valign="top">&nbsp;</td>
    <td colspan="2" valign="top"><b>NEW JERSEY MINING COMPANY</b></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td width="5%" valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">Dated: December 17, 2004</td>
    <td valign="top">By: </td>
    <td>/s/ Fred W. Brackebusch</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td><hr noshade align="center" width="100%" size=1 color="Black"></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>Name: Fred W. Brackebusch </td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>Title: President</td>
  </tr>
</table>
<br>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>PRESS RELEASE ISSUED DECEMBER 17, 2004.
<TEXT>
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   <TITLE>Filed by Automated Filing Services Inc. (604) 609-0244</TITLE>

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<P align="right"> December 17, 2004 </P>
<P align="center"> <B>PRESS RELEASE</B> </P>
<P align="center"> <B>New Jersey Mining Company to Proceed with Mining Operation
  at Golden Chest Mine </B> </P>
<P align="justify"> Kellogg, Idaho. New Jersey Mining Company (OTCBB:NJMC) announces
  that its Board of Directors has decided to exercise the Option to Lease the
  Golden Chest mine near Murray, Idaho. The Company has exploration agreements
  with Metaline Contact Mines and Prichard Creek Resource Partners LLC covering
  the Golden Chest mine and surrounding area. Options to enter 15 year mining
  leases are being exercised for both agreements. New Jersey will issue 130,000
  shares of restricted common stock upon the signing of the leases. </P>
<P align="justify"> Preparations are being made to commence a mining operation
  from a high grade gold ore shoot on the Katie-Dora vein that was developed by
  a decline ramp which was driven earlier this year. Chip samples of the vein
  were collected during the drifting on the vein. Using that data, resource calculations
  were completed using a cutoff grade of 5 grams of gold per tonne and a minimum
  mining width of 2 meters. Results indicate the shoot will contain 215 tonnes
  of ore per vertical meter with a grade of 13.0 grams per tonne.</P>
<P align="justify"> Production from the ramp is expected near the end of the first
  quarter of 2005. In preparation for this production, significant progress has
  been made the past few months at the Golden Chest. Electrical power has been
  installed to the portal. About 600 meters of the road to the portal was rebuilt
  and a shop/dry building has been erected. Mining equipment has also been purchased
  in preparation for mining next year. </P>
<P align="justify"> Currently, development material from the ramp is being processed
  at the Company&#8217;s flotation mill near Kellogg. Gold concentrate is being
  held in inventory and a shipment to a smelter is expected in the first quarter
  of 2005.</P>
<P align="justify"> Exploration for deeper gold resources will continue in 2005
  in the Idaho vein area in addition to the mining operation on the Katie-Dora
  vein. Drilling results from this year&#8217;s drilling indicate the possibility
  of the Golden Chest to host a large underground gold deposit. </P>
<P align="justify"> The Golden Chest property also hosts a potentially open pit-able
  resource which was drilled by Newmont Exploration. Preliminary open pit mine
  design indicates that part of this resource could be mined in conjunction with
  an underground mining operation. </P>
<P align="justify"> New Jersey Mining Company is involved in exploring for and
  developing gold, silver and base metal ore resources in the Coeur d'Alene Mining
  District of northern Idaho. The Company has a portfolio of mineral properties
  in the Coeur d'Alene Mining District including the New Jersey mine, the Silver
  Strand mine, the Golden Chest mine, the CAMP project, the Scotch Thistle project,
  and the Silver Button project. </P>

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<P align="justify"> This release contains certain forward-looking statements within
  the meaning of the Federal Securities Laws. Such statements are based on assumptions
  that the Company believes are reasonable but which are subject to a wide range
  of uncertainties and business risks. Factors that could cause actual results
  to differ from those anticipated are discussed in the Company's periodic filings
  with the Securities and Exchange Commission, including its annual report on
  Form 10-KSB for the year ended December 31, 2003.</P>
<P align="justify"> Further information about New Jersey Mining Company can be
  reviewed on the website of the Securities and Exchange Commission at <U><FONT color="#0000ff">www.sec.gov</FONT></U>
  or on the company's website at <U><FONT
color="#0000ff">www.newjerseymining.com</FONT></U></P>
<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="10%" valign="top">&nbsp;</td>
    <td width="10%" valign="top">Contact: </td>
    <td>Grant Brackebusch, Vice President <br>
      Phone (208) 783-1032 <br>
      E-mail: <U><FONT color="#0000ff">minesystems@usamedia.tv</FONT></U> <br>
      Website: www.newjerseymining.com </td>
  </tr>
</table>
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