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<SEC-DOCUMENT>0001062993-05-001872.txt : 20050812
<SEC-HEADER>0001062993-05-001872.hdr.sgml : 20050812
<ACCEPTANCE-DATETIME>20050812160911
ACCESSION NUMBER:		0001062993-05-001872
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20050630
FILED AS OF DATE:		20050812
DATE AS OF CHANGE:		20050812

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:		10QSB
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28837
		FILM NUMBER:		051021830

	BUSINESS ADDRESS:	
		STREET 1:		89 APPLEBERG RD
		STREET 2:		PO BOX 1019
		CITY:			KELLOGG
		STATE:			ID
		ZIP:			83837
		BUSINESS PHONE:		208-783-3331

	MAIL ADDRESS:	
		STREET 1:		89 APPLEBERG ROAD
		STREET 2:		PO BOX 1019
		CITY:			KELLOGG
		STATE:			ID
		ZIP:			83837
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>form10qsb.htm
<DESCRIPTION>REPORT FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2005
<TEXT>
<!DOCTYPE HTML PUBLIC "form10qsb">


<HTML>
<HEAD>
   <TITLE>Filed by Automated Filing Services Inc. (604) 609-0244 - New Jersey Mining Company - Form 10-QSB</TITLE>


</HEAD>

<BODY bgcolor="#FFFFFF" style="font-size: 10pt;">


<A name="page_1"></A><HR noshade align="center" width="100%" size=3 color="black"><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 10-QSB</font></B></P>

<P align="center"> <font size="3" face="WINGDINGS">&nbsp;&nbsp;&#120;</font>&nbsp;&nbsp;QUARTERLY
  REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
</P>
<P align="center"> For the quarterly period ended <strong><u>June 30, 2005 </u></strong></P>
<P align="center"> <font size="3" face="WINGDINGS">&nbsp;&nbsp;&#168;</font>&nbsp;&nbsp;TRANSITION
  REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
</P>
<P align="center"> For the transition period from ___________________ to ___________________</P>
<P align="center"> Commission file number: <strong><u>000-28837 </u></strong></P>
<P align="center"> <B><u><font size="5">NEW JERSEY MINING COMPANY </font></u></B><br>
  (Exact name of registrant as specified in its charter) </P>
<TABLE style="font-size:10pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
<TR valign="bottom">
	<TD width=50% align=center>
<B><U>Idaho</U></B>&nbsp;
	</TD>
	<TD align=center>
 &nbsp;<B><U>82-0490295</U></B>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=50% align=center>
(State or other jurisdiction&nbsp;
	</TD>
	<TD align=center>
(IRS employer identification no.)&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=50% align=center>
of incorporation)&nbsp;
	</TD>
	<TD align=center>&nbsp;

	</TD>
</TR>
</TABLE>
<P align="center"> <B><U>89 Appleberg Road, Kellogg, Idaho 83837</U></B><B> </B><br>
  (Address of principal executive offices) </P>
<P align="center"> Registrant&#8217;s telephone number, including area code: <strong><u>(208)
  783-3331 </u></strong></P>
<TABLE style="font-size:10pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
<TR valign="bottom">
	<TD width=50% align=center> <B><u>Common Stock</u></B>&nbsp; </TD>
	<TD align=center> <B><u>The OTC-Bulletin Board</u></B>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD width=50% align=center>
 &nbsp;Title of each class&nbsp;
	</TD>
	<TD align=center>
Name and exchange on which registered&nbsp;
	</TD>
</TR>
</TABLE>
<P align="center"> Indicate by check mark whether the registrant (1) has filed
  all reports required to be filed by Section 13 or<br>
  15(D) of the Securities Exchange Act of 1934 during the preceding 12 months
  (or for such shorter <br>
  period as the registrant was required to file such reports), and (2) has been
  subject to filing <br>
  requirements for the past 90 days. </P>
<P align="center">&nbsp;&nbsp; Yes <font size="3" face="WINGDINGS">&#120;</font>&nbsp;&nbsp;&nbsp;&nbsp;
  No <font size="3" face="WINGDINGS">&#168;</font>&nbsp;&nbsp;</P>
<P align="center"> At July 19, 2005, there were 22,036,230 shares of the registrant&#8217;s
  common stock outstanding. </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">
<A name="page_2"></A>
<P align="center"> <B>NEW JERSEY MINING COMPANY <br>
  QUARTERLY REPORT ON FORM 10-QSB </B><br>
  <B>FOR THE QUARTERLY PERIOD </B> <B><br>
  ENDED JUNE 30, 2005 </B></P>
<P align="center">
<B>TABLE OF CONTENTS </B></P>
<TABLE style="font-size:10pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
  <TR valign="bottom">
    <TD width=8% align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD width=5% align=right> Page</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan=2 align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan=2 align=left> <a href="#page_3">PART I &#8211; FINANCIAL INFORMATION</a></TD>
    <TD width=5% align=right>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_3"> Item 1.</a></TD>
    <TD align=left><a href="#page_3"> Financial Statements</a></TD>
    <TD width=5% align=right><a href="#page_3"> 3</a></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_6"> Item 2.</a></TD>
    <TD align=left><a href="#page_6"> Management&#8217;s Discussion and Analysis
      of Financial Condition and Plan of Operation</a></TD>
    <TD width=5% align=right><a href="#page_6">6</a></TD>
  </TR>
  <TR valign="bottom">
    <TD width=8% align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD width=5% align=right>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_7"> Item 3.</a></TD>
    <TD align=left><a href="#page_7">Controls and Procedures</a></TD>
    <TD width=5% align=right><a href="#page_7"> 7</a></TD>
  </TR>
  <TR valign="bottom">
    <TD colspan=2 align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan=2 align=left> <a href="#page_8">PART II &#8211; OTHER INFORMATION</a></TD>
    <TD width=5% align=right>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_8"> Item 1.</a></TD>
    <TD align=left><a href="#page_8"> Legal Proceedings</a></TD>
    <TD width=5% align=right><a href="#page_8"> 8</a></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_8"> Item 2.</a></TD>
    <TD align=left><a href="#page_8"> Changes in Securities</a></TD>
    <TD width=5% align=right><a href="#page_8"> 8</a></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_8"> Item 3.</a></TD>
    <TD align=left><a href="#page_8"> Defaults among Senior Securities</a></TD>
    <TD width=5% align=right><a href="#page_8"> 8</a></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_8"> Item 4.</a></TD>
    <TD align=left><a href="#page_8"> Submission of Matters to a Vote of Security
      Holders</a></TD>
    <TD width=5% align=right><a href="#page_8"> 8</a></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_8"> Item 5.</a></TD>
    <TD align=left><a href="#page_8"> Other Information</a></TD>
    <TD width=5% align=right><a href="#page_8"> 8</a></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD width=8% align=left><a href="#page_8"> Item 6.</a></TD>
    <TD align=left><a href="#page_8"> Exhibits</a></TD>
    <TD width=5% align=right><a href="#page_8"> 8</a></TD>
  </TR>
  <TR>
    <TD width="8%">&nbsp; </TD>
    <TD>&nbsp;</TD>
    <TD width="5%" align="right">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan=2 align=left> <a href="#page_9">SIGNATURES</a></TD>
    <TD width=5% align=right><a href="#page_9"> 9</a></TD>
  </TR>
</TABLE>
<BR>
<P align="center"> [The balance of this page has been intentionally left blank.]</P>
<P align="center"> 2</P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">


<A name="page_3"></A>

<P align="center">
<B>PART I-FINANCIAL INFORMATION </B></P>
<P align="left"> <B>Item 1. Financial Statements </B></P>
<P align="center"> <B><font size="3">NEW JERSEY MINING COMPANY </font></B><br>
  (An Exploration Stage Company)<B><br>
  BALANCE SHEET </B><br>
  <B>June 30, 2005 </B><br>
  <B><I>(Unaudited) </I></B></P>
<TABLE style="font-size:10pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD colspan="3" align=center> <B>ASSETS</B>&nbsp; </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Current assets:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Cash and cash equivalents&nbsp;
    </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=12% align=right> 17,162 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Accounts receivable&nbsp;
    </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 33,924 </TD>
    <TD width=2% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Total
      current assets&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 51,086 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Buildings and equipment&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 665,85</TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Mineral properties and deferred development costs&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 852,274 </TD>
    <TD width=2% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Total
      assets&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 1,569,215 </TD>
    <TD width=2% align=left style="border-bottom-width:4px;border-bottom-style:double">&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD colspan="3" align=center> <B>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</B>&nbsp;
    </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Current liabilities:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Accounts payable&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=12% align=right> 32,580 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Accrued payroll and payroll
      related expenses&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 9,186 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Stock subscription payable&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 20,000 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Obligation under capital
      lease, current&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 13,334 </TD>
    <TD width=2% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Total
      current liabilities&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 75,100 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Accrued reclamation costs&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 12,500 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Obligation under capital lease, noncurrent&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 50,555 </TD>
    <TD width=2% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Total
      liabilities&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 138,155 </TD>
    <TD width=2% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Stockholders&#8217; equity:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Preferred stock, no par
      value; 1,000,000&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;shares
      authorized; no shares issued or outstanding&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Common stock, no par value;
      50,000,000 shares&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;authorized;
      22,036,230 shares issued and outstanding&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 3,220,285 </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Deficit accumulated during
      the development stage&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid">(1,789,225 </TD>
    <TD width=2% align=left style="border-bottom-width:1px;border-bottom-style:solid"> )&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Total
      stockholders&#8217; equity&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 1,431,060 </TD>
    <TD width=2% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Total liabilities and stockholders&#8217;
      equity&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> $</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 1,569,215 </TD>
    <TD width=2% align=left style="border-bottom-width:4px;border-bottom-style:double">&nbsp; </TD>
  </TR>
</TABLE>
<P align="center"> <I>The accompanying notes are an integral part of these financial
  statements. </I></P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">
<A name="page_4"></A>
<P align="center"> <B><font size="3">NEW JERSEY MINING COMPANY </font></B><br>
  (An Exploration Stage Company)<br>
  <B>STATEMENTS OF OPERATIONS </B><br>
  <B>For the Three and Six Month Periods ended June 30, 2005 and 2004 and for
  the period from<br>
  inception (July 18, 1996) through June 30, 2005 </B><br>
  <B><I>(Unaudited) </I></B></P>
<TABLE style="font-size:9pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> From Inception </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> (July 18, 1996) </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD colspan="4" align=center> June 30, 2005 </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD colspan="4" align=center> June 30, 2004 </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=10% align=center> Through </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=center style="border-bottom-width:1px;border-bottom-style:solid"> Three Months </TD>
    <TD width=2% align=center valign="top" style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=1% align=center style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=center style="border-bottom-width:1px;border-bottom-style:solid">Six Months </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=center style="border-bottom-width:1px;border-bottom-style:solid"> Three Months</TD>
    <TD width=2% align=center valign="top" style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=1% align=center style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=center style="border-bottom-width:1px;border-bottom-style:solid"> Six Months </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=center style="border-bottom-width:1px;border-bottom-style:solid">June 30, 2005 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Sales:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Gold&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=10% align=right> 9,150 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=10% align=right> 9,150 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=10% align=right> 9,150 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Concentrate&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 21,283 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 46,097 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 46,097 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Total sales&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 30,433 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 55,247 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 55,247 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Cost of sales&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 80,155 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 118,497 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 118,497 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Gross profit (loss)&nbsp;
    </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (49,722 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (63,250 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (63,250 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Operating expenses:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Expenses paid with common
      stock&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Management fees&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 38,800 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 62,113 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 252,512 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Directors fees&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 3,600 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 3,600 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 62,050 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Services and other&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 10,478 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 20,278 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=10% align=right> 1,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=10% align=right> 2,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 54,718 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Exploration&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 7,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 12,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 6,600 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 6,600 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 32,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Exploration expense&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 1,732 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 23,492 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 329,237 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 364,954 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 641,882 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;General and administrative
      expenses&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 63,858 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 153,119 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 59,673 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 118,446 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 635,383 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Total operating expenses&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 125,468 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 275,102 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 396,510 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 492,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 1,679,045 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Other (income) expense:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Royalty and other income&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> (11,770 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> (12,202 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> (1,025 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> (1,843 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> (74,020 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Write-off of goodwill&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> 30,950 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Write-off of investment&nbsp;
    </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 90,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Total other (income) expense&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (11,770 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (12,202 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (1,025 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (1,843 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 46,930 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>Net loss</B>&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 163,420 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 326,150 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 395,485 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 490,657 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 1,789,225 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Net loss per common share-basic&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 0.007 </TD>
    <TD width=2% align=left valign="top"> .&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 0.015 </TD>
    <TD width=2% align=left valign="top"> .&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 0.020 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 0.025 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 0.123 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Weighted average common shares&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=10% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;outstanding-basic&nbsp;
    </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 21,959,769 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=right style="border-bottom-width:4px;border-bottom-style:double">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double">21,841,976</TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 20,165,555 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=right style="border-bottom-width:4px;border-bottom-style:double">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double">19,884,972 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double">&nbsp; </TD>
    <TD width=10% align=right style="border-bottom-width:4px;border-bottom-style:double"> 14,594,210 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
</TABLE>
<P align="center">
<I>The accompanying notes are an integral part of these financial statements. </I></P>
<P align="center">
4 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">
<A name="page_5"></A>
<P align="center"> <B><font size="3">NEW JERSEY MINING COMPANY </font></B><br>
  (An Exploration Stage Company)<br>
  <B>STATEMENTS OF CASH FLOWS </B><br>
  <B>For the Six-Month Periods ended June 30, 2005 and 2004 and for the period
  from<br>
  inception (July 18, 1996) through June 30, 2005 </B><br>
  <B><I>(Unaudited)</I></B></P>
<TABLE style="font-size:10pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> From Inception </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=center> June 30, </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> June 30, </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> Through </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=center> <U>2005</U> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> <U>2004</U> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> <U>June 30, 2005</U> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Cash flows from operating activities:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> </TD>
    <TD width=2% align=center valign="top">&nbsp; </TD>
    <TD width=1% align=center>&nbsp; </TD>
    <TD width=12% align=center> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Net loss&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=12% align=right> (326,150 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=12% align=right> (490,657 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left> &#36;</TD>
    <TD width=12% align=right> (1,789,225 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Adjustments to reconcile
      net loss to net cash&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp;used by operating
      activities:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Depreciation and amortization&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 13,892 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 13,892 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Write-off of equipment&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 11,272 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 11,272 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Write-off of goodwill and investment&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 120,950 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Stock issued for:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Management fees&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 62,113 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 252,512 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Directors fees&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 3,600 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 62,050 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Services and other&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 20,278 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 2,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 54,718 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Exploration&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 12,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 6,600 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 32,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Change in:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Accounts receivable&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (33,924 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (33,924 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;&nbsp;Other assets&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 2,346 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (3,463 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 1,722 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Accounts payable&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 24,469 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 119,680 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 29,610 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Accounts payable to related party&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (2,000 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Accrued payroll and related payroll expenses&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 3,471 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 9,186 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Accrued reclamation costs&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 12,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Net cash used by operating activities&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (206,133 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (367,340 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid">(1,222,237</TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR bgcolor="#E6EFFF">
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Cash flows from investing activities:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Purchases of building and
      equipment&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (27,283 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (162,277 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (396,151 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Purchases of mineral property&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (5,904 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Cash of acquired companies&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 38,269 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Deferral of development
      costs&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (23,830 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (225,535 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Net cash used by investing activities&nbsp;
    </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (27,283 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (186,107 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (589,321 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR>
    <TD align="left">&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%" align="right">&nbsp;</TD>
    <TD width="2%" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Cash flows from financing activities:&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Exercise of stock purchase
      warrants&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 222,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 599,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Sales of common stock, net
      of issuance costs&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 85,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 373,500 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 1,283,807 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Received for stock not yet
      issued&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 20,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 20,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Principal payments on capital
      lease&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (6,186 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (54,587 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Payments on note payable
      to bank&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> (20,000 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Net cash provided by financing activities&nbsp;
    </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 98,814 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 596,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:1px;border-bottom-style:solid">&nbsp; </TD>
    <TD width=12% align=right style="border-bottom-width:1px;border-bottom-style:solid"> 1,828,720 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Net change in cash&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> (134,602 </TD>
    <TD width=2% align=left valign="top"> )&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 42,553 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 17,162 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Cash, beginning of period&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 151,764 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 346,268 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> 0 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Cash, end of period&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 17,162 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 388,821 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 17,162 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> Interest paid in cash&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 3,374 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 4,767 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Non-cash investing and financing activities:&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Common stock issued for:&nbsp;
    </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Buildings and equipment&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 5,850 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 5,850 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Mineral properties and deferred development costs&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 65,000 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 264,300 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Acquisitions of companies, excluding cash&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 743,653 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E6EFFF">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Capital lease obligation for equipment acquired&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left>&nbsp; </TD>
    <TD width=12% align=right> </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
    <TD width=1% align=left style="border-bottom-width:4px;border-bottom-style:double"> &#36;</TD>
    <TD width=12% align=right style="border-bottom-width:4px;border-bottom-style:double"> 93,275 </TD>
    <TD width=2% align=left valign="top">&nbsp; </TD>
  </TR>
</TABLE>
<P align="center">
The accompanying notes are an integral part of these financial statements. </P>
<P align="center">
5 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">
<A name="page_6"></A>
<P> <B><font size="3">NEW JERSEY MINING COMPANY<br>
  NOTES TO FINANCIAL STATEMENTS </font></B><br>
  <B><I>(Unaudited</I></B><B><I>) </I></B></P>
<P align="justify"> <B>1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basis
  of Presentation: </B></P>
<P align="justify"> The unaudited financial statements have been prepared by the
  Company in accordance with accounting principles generally accepted in the United
  States of America for interim financial information, as well as the instructions
  to Form 10-QSB. Accordingly, they do not include all of the information and
  footnotes required by generally accepted accounting principles for complete
  financial statements. In the opinion of the Company&#8217;s management, all
  adjustments (consisting of only normal recurring accruals) considered necessary
  for a fair presentation of the interim financial statements have been included.
  Operating results for the six-month period ended June 30, 2005 are not necessarily
  indicative of the results that may be expected for the full year ending December
  31, 2005. </P>
<P align="justify"> For further information refer to the financial statements
  and footnotes thereto in the Company&#8217;s Annual Report on Form 10-KSB/A
  for the year ended December 31, 2004. </P>
<P align="justify"> <B>2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description
  of Business </B></P>
<P align="justify"> New Jersey Mining Company (&#8220;the Company&#8221;) was
  incorporated as an Idaho corporation on July 18, 1996. The Company's primary
  business is exploring for and developing gold, silver and base-metal resources
  in Idaho. </P>
<P align="justify"> <B>Item 2. Management's Discussion and Analysis of Financial
  Condition and Plan of Operation </B></P>
<P align="justify"> <B><I>General </I></B></P>
<P align="justify"> This report contains both historical and prospective statements
  concerning the Company and its operations. Prospective statements (known as
  "forward-looking statements") may or may not prove true with the passage of
  time because of future risks and uncertainties. The Company cannot predict what
  factors might cause actual results to differ materially from those indicated
  by prospective statements. </P>
<P align="justify"> <B><I>Plan of Operation </I></B></P>
<P align="justify"> The Company is executing its plan to continue exploration
  for gold, silver and base metal deposits in the greater Coeur d&#8217;Alene
  Mining District of northern Idaho. The Company has three advanced-stage properties
  with reserves. One of the properties, the Silver Strand, owned by the Company
  has recently received a go-ahead decision from the U.S. Forest Service (USFS)
  and will be readied for production with production planned for June 2006. A
  favorable decision had been made in March of this year but an appeal by the
  Idaho Conservation League (ICL) has delayed commencement of operations. The
  ICL appeal was denied and the March decision was affirmed recently. </P>
<P align="justify"> At the Golden Chest mine production commenced in May 2005
  from the Katie Dora vein which was developed by a ramp in 2004. It is planned
  to mine about 3,000 tonnes grading 13 grams/tonne gold in 2005 from the Katie
  Dora reserves. The third advanced property, the Coleman vein in the New Jersey
</P>
<P align="center"> 6 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">


<A name="page_7"></A>

<P align="justify"> Area of Interest has an open pit which can be operated to
  fill out the mill production capacity, if necessary. Sulfide concentrates were
  produced in the second quarter of 2005 and sold to Barrick Goldstrike Mines,
  Inc. in Nevada. Other gold-bearing products were produced and sold to a gold
  refiner. Total gold production in the second quarter of 2005 was 76 troy ounces,
  most of which was from the Golden Chest mine. The second quarter was the startup
  phase for the Golden Chest mining operation. Currently, the production rate
  is approximately 300 troy ounces per quarter. </P>
<P align="justify"> An exploration drilling program, consisting of three 150-meter
  core holes, is planned for the fourth quarter of 2005 depending on the availability
  of funding. Drilling will be done at the Golden Chest mine to test the continuity
  of deep mineralization discovered in 2004 on the Idaho vein. Reconnaissance
  exploration will continue to be done in the Company&#8217;s area of interests
  in the greater Coeur d&#8217;Alene Mining District. </P>
<P align="justify"> The Company has sufficient funding to execute the planned
  production schedule for the next 12 months, as well as fund necessary management
  tasks such as auditing/accounting and SEC reporting. However, additional funding
  will be needed to execute the exploration plan and fund preparations for the
  development of the Silver Strand mine in 2005. The most likely source of additional
  funding is an equity offering. </P>
<P align="justify"> The Company currently has seven employees and uses consultants
  or contractors for some project tasks. There are no plans to hire additional
  employees. </P>
<P align="justify"> <B>Item 3. Controls and Procedures </B></P>
<P align="justify"> An evaluation was performed by the Company&#8217;s president
  and principal financial officer of the effectiveness of the design and operation
  of the Company&#8217;s disclosure controls and procedures. And on that evaluation,
  the Company&#8217;s president and principal financial officer concluded that
  disclosure controls and procedures were effective as of June 30, 2005, in ensuring
  that all material information required to be filed in this quarterly report
  has been made known to them in a timely fashion. </P>
<P align="justify"> There has been no change in the Company&#8217;s internal controls
  over financial reporting during the quarter ended June 30, 2005, that has materially
  affected, or is reasonably likely to materially affect, the Company&#8217;s
  internal controls over financial reporting. </P>
<P align="center"> [The balance of this page has been intentionally left blank.]</P>
<P align="center"> 7 </P>

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<A name="page_8"></A>

<P align="right"> <B>PART II - OTHER INFORMATION</B> </P>
<P align="justify"> <B>Item 1. Legal Proceedings </B></P>
<P align="justify"> None </P>
<P align="justify"> <B>Item 2. Recent Sales of Unregistered Securities; Use of
  Proceeds from Registered Securities. </B> </P>
<P align="justify"> Neither the constituent instruments defining the rights of
  the registrant&#8217;s securities filers nor the rights evidenced by the registrant&#8217;s
  outstanding common stock have been modified, limited or qualified.</P>
<P align="justify"> The Company issued 66,250 shares of restricted common stock
  to President Fred W. Brackebusch for management services rendered in the second
  quarter of 2005. A price of &#36;0.40 per share was used to calculate the number
  of shares to be issued. In Management&#8217;s opinion, the securities were issued
  pursuant to exemptions from registration under Section 4(2) of the Securities
  Act of 1933 as amended. </P>
<P align="justify"> The Company issued 10,400 shares of restricted common stock
  to Mine Systems Design, Inc., a Company controlled by our President, Fred W.
  Brackebusch, for office rent and mining equipment in the second quarter of 2005.
  A price of &#36;0.40 per share was used to calculate the number of shares to
  be issued. In Management&#8217;s opinion, the securities were issued pursuant
  to exemptions from registration under Section 4(2) of the Securities Act of
  1933 as amended. </P>
<P align="justify"> During the second quarter of 2005, the Company issued 25,080
  shares at an average price of &#36;0.40 to various accredited and sophisticated
  individuals for services performed. In Management&#8217;s opinion the securities
  were issued pursuant to exemptions from registration under Section 4(2) and
  Rule 506 of Regulation D of the Securities Act of 1933 as amended. </P>
<P align="justify"> <B>Item 3. Defaults Upon Senior Securities </B></P>
<P align="justify"> The registrant has no outstanding senior securities. </P>
<P align="justify"> <B>Item 4. Submission of Matters to a Vote of Security Holders
  </B></P>
<P align="justify"> None </P>
<P align="justify"> <B>Item 5. Other Information </B></P>
<P align="justify"> On July 13, 2005, Director Charles F. Asher passed away. Chuck
  was an original member of the Board of Directors of New Jersey Mining Company
  and will be missed. There are no plans to fill this position on the Board of
  Directors. There are currently five persons on the Board of Directors. </P>
<P align="justify"> <B>Item 6. Exhibits</B></P>
<TABLE style="font-size:10pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
  <TR valign="bottom">
    <TD width="10%" nowrap> Exhibit <br> <u>Number</u></TD>
    <TD><u>Description</u></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR bgcolor="#EEEEEE">
    <TD valign=top nowrap><a href="exhibit31-1.htm"> 31.1</a></TD>
    <TD><a href="exhibit31-1.htm"> Section 302 Certification</a></TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp;</TD>
  </TR>
  <TR bgcolor="#EEEEEE">
    <TD valign=top nowrap><a href="exhibit32-1.htm"> 32.1</a></TD>
    <TD><a href="exhibit32-1.htm"> Section 906 Certification</a></TD>
  </TR>
</TABLE>
<P align="center"> 8 </P>

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<A name="page_9"></A>

<P align="center"> <B>SIGNATURES </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;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD colspan="2"> <B>NEW JERSEY MINING COMPANY</B>&nbsp; </TD>
  </TR>
  <TR align="left">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%> By:&nbsp; </TD>
    <TD bordercolor="#000000" style="border-bottom-width:1px;border-bottom-style:solid"> /s/ Fred W. Brackebusch&nbsp; </TD>
  </TR>
  <TR align="left">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%>&nbsp; </TD>
    <TD>Fred W. Brackebusch, its </TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%>&nbsp; </TD>
    <TD> President, Treasurer, &amp; Director&nbsp; </TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%>&nbsp; </TD>
    <TD>Date: August 12, 2005 </TD>
  </TR>
  <TR align="left">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR align="left">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%> By:&nbsp; </TD>
    <TD bordercolor="#000000" style="border-bottom-width:1px;border-bottom-style:solid"> /s/ Grant A. Brackebusch&nbsp; </TD>
  </TR>
  <TR align="left">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%>&nbsp; </TD>
    <TD>Grant A. Brackebusch, its </TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%>&nbsp; </TD>
    <TD> Vice President &amp; Director&nbsp; </TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD width=50%>&nbsp;</TD>
    <TD width=5%>&nbsp; </TD>
    <TD> August 12, 2005&nbsp; </TD>
  </TR>
</TABLE>
<BR>
<P align="center">
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<P align="center">
9 </P>

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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>exhibit31-1.htm
<DESCRIPTION>SECTION 302 CERTIFICATION
<TEXT>
<!DOCTYPE HTML PUBLIC "exhibit31-1">


<HTML>
<HEAD>
   <TITLE>Filed by Automated Filing Services Inc. (604) 609-0244 - New Jersey Mining Company - Exhibit 31.1</TITLE>

</HEAD>

<BODY bgcolor="#FFFFFF" style="font-size: 10pt;">
<A name="page_1"></A>
<hr noshade align="center" width="100%" size=3 color="black">
<P align="center"> <B>Certification </B></P>
<P> I, Fred W. Brackebusch, certify that: </P>
<table style="font-size: 10pt;border-color:#000000;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="5%" valign="top">(1)</td>
    <td colspan="2" valign="top"><div align="justify">I have reviewed this quarterly
        report on Form 10-QSB of New Jersey Mining Company. </div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td width="5%" valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">(2)</td>
    <td colspan="2" valign="top"><div align="justify">Based on my knowledge, this
        report does not contain any untrue statement of a material fact or omit
        to state a material fact necessary to make the statements made, in light
        of the circumstances under which such statements were made, not misleading
        with respect to the period covered by this report;</div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="2" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">(3) </td>
    <td colspan="2" valign="top"><div align="justify">Based on my knowledge, the
        financial statements, and other financial information included in this
        report, fairly present in all material respects the financial condition,
        results of operations and cash flows of the Registrant, as of, and for,
        the periods presented in this report;</div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="2" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">(4)</td>
    <td colspan="2" valign="top"><div align="justify">I am responsible for establishing
        and maintaining disclosure controls and procedures (as defined in Exchange
        Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have:</div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="2" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><div align="justify">(a) </div></td>
    <td valign="top"><div align="justify">Designed such disclosure controls and
        procedures, or caused such disclosure controls and procedures to be designed
        under my supervision, to ensure that material information relating to
        the small business issuer, including its consolidated subsidiaries, is
        made known to me by others within those entities, particularly during
        the period in which this report is being prepared; </div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><div align="justify">(b) </div></td>
    <td valign="top"><div align="justify">not required</div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><div align="justify">(c) </div></td>
    <td valign="top"><P align="justify">Evaluated the effectiveness of the small
        business issuer's disclosure controls and procedures and presented in
        this report my conclusions about the effectiveness of the disclosure controls
        and procedures, as of the end of the period covered by this report based
        on such evaluation; and</P></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><div align="justify">(d) </div></td>
    <td valign="top"><div align="justify">Disclosed in this report any change
        in the small business issuer's internal control over financial reporting
        that occurred during the small business issuer's most recent fiscal that
        has materially affected, or is reasonably likely to materially affect,
        the small business issuer's internal control over financial reporting.
      </div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">(5) </td>
    <td colspan="2" valign="top"><div align="justify">I have disclosed, based
        on our most recent evaluation of internal control over financial reporting,
        to the audit committee of the Registrant's board of directors: </div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><div align="justify">(a) </div></td>
    <td valign="top"><div align="justify">All significant deficiencies and material
        weaknesses in the design or operation of internal control over financial
        reporting, which are reasonably likely to adversely affect the small business
        issuer's ability to record, process, summarize and report financial information;
        and</div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><div align="justify">(b) </div></td>
    <td valign="top"><div align="justify">Any fraud, whether or not material,
        that involves management or other employees who have a significant role
        in the small business issuer's internal control over financial reporting.</div></td>
  </tr>
</table>
<P>Date: <U>August 12, 2005</U> <br>
  <U>By /s/ FRED W. BRACKEBUSCH</U> <br>
  Fred W. Brackebusch, President, Treasurer &amp; Director </P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>3
<FILENAME>exhibit32-1.htm
<DESCRIPTION>SECTION 906 CERTIFICATION
<TEXT>
<!DOCTYPE HTML PUBLIC "exhibit32-1">


<HTML>
<HEAD>
   <TITLE>Filed by Automated Filing Services Inc. (604) 609-0244 - New Jersey Mining Company - Exhibit 32.1</TITLE>

</HEAD>

<BODY bgcolor="#FFFFFF" style="font-size: 10pt;">
<A name="page_1"></A>
<hr noshade align="center" width="100%" size=3 color="black">
<P align="center"> <B>CERTIFICATION PURSUANT TO </B><br>
  <B>18 U.S.C. SECTION 1350, <br>
  AS ADOPTED PURSUANT TO </B><br>
  <B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </B></P>
<P align="justify"> In connection with the Quarterly Report of New Jersey Mining
  Company, (the "Company") on Form 10-QSB for the period ending June 30, 2005,
  as filed with the Securities and Exchange Commission on the date hereof (the
  "Report"), I, Fred W. Brackebusch, President, Treasurer and Director of New
  Jersey Mining Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted
  pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: </P>
<TABLE style="font-size:10pt;border-color:black;border-collapse:collapse;" cellpadding="0" cellspacing="0" width="100%" border="0">
  <TR>
    <TD width="5%" valign=top nowrap> (1)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <div align="justify">The Report fully complies with the requirements
        of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
      </div></TD>
  </TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="5%" valign=top nowrap> (2)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <div align="justify">The information contained in the Report fairly presents,
        in all material respects, the financial condition and results of operations
        of the Company. </div></TD>
  </TR>
</TABLE>
<P>
Date: <U>August 12, 2005</U> </P>
<P> <U>By /s/ FRED W. BRACKEBUSCH</U> <br>
  Fred W. Brackebusch, President, Treasurer, &amp; Director</P>
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</P>

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