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<SEC-DOCUMENT>0001062993-06-003907.txt : 20061206
<SEC-HEADER>0001062993-06-003907.hdr.sgml : 20061206
<ACCEPTANCE-DATETIME>20061206144825
ACCESSION NUMBER:		0001062993-06-003907
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061206
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20061206
DATE AS OF CHANGE:		20061206

FILER:

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

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28837
		FILM NUMBER:		061259902

	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>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<TEXT>
<!DOCTYPE HTML PUBLIC "NJ8K120606.pdf">


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   <TITLE>Filed by Automated Filing Services Inc. (604) 609-0244 - </TITLE>
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<P align=center><B><FONT size=5>UNITED STATES</FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR>Washington, D.C.
20549</B></P>
<P align=center><B><font size="5">FORM 8-K</font></B></P>
<P align=center><B>CURRENT REPORT<BR></B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</P>
<P align=center><B><U>December 6, 2006 </U><BR></B>Date of Report (Date of
earliest event reported)</P>
<P align=center><B><FONT size=5><U>New Jersey Mining Company
</U></FONT><BR></B>(Exact name of registrant as specified in its charter)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=center><B><U>Idaho </U></B></TD>
    <TD align=center width="33%"><B><U>000-28837 </U></B></TD>
    <TD align=center width="33%"><B><U>82-0490295 </U></B></TD></TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction of </TD>
    <TD align=center width="33%">(Commission File Number) </TD>
    <TD align=center width="33%">(IRS Employer Identification No.) </TD></TR>
  <TR vAlign=top>
    <TD align=center>incorporation) </TD>
    <TD align=left width="33%">&nbsp; </TD>
    <TD align=left width="33%">&nbsp; </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=center><B>89 Appleberg Road </B></TD>
    <TD align=left width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center><U><B>Kellogg, Idaho </B></U></TD>
    <TD align=center width="50%"><U><B>83837 </B></U></TD></TR>
  <TR vAlign=top>
    <TD align=center>(Address of principal executive offices) </TD>
    <TD align=center width="50%">(Zip Code) </TD></TR></TABLE>
<P align=center><B><U>(208) 783-3331<BR></U></B>Registrant's telephone number,
including area code</P>
<P align=center><B><U>NOT APPLICABLE<BR></U></B>(Former name or former address,
if changed since last report)</P>
<P align=justify>Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:</P>
<P align=justify>____ Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>
<P align=justify>____ Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)</P>
<P align=justify>____ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d -2(b))</P>
<P align=justify>____ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e -4(c))</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify><B>SECTION 1 &#150; REGISTRANT&#146;S BUSINESS AND OPERATIONS</B></P>
<P align=justify><B>ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</B></P>
<P align=justify>On December 2, 2006 New Jersey Mining Company entered into an
Exploration Agreement with an Exclusive Option to Convert to a Mining Agreement
with Revett Metals Associates. There is no material relationship between the
Company and Revett Metals Associates (RMA) other than with respect to this
agreement. </P>
<P align=justify>The Exploration Agreement has a term of five years and is for
nine unpatented claims that cover the Niagara copper-silver deposit located
northeast of Murray, Idaho. In addition, the Exploration Agreement covers an
Area of Mutual Interest within &#189; mile of the property excluding property valued
primarily for its gold mineralization.</P>
<P align=justify>Upon signing the Agreement, the Company issued 30,000 shares of
restricted common stock to RMA and paid $4,500. At each anniversary of the
signing, the Company has agreed to pay $3,000 and issue 30,000 shares of
restricted common stock to RMA. Any time prior to the expiration of the
Exploration Agreement, the Company can exercise an option to convert the
Exploration Agreement to a Mining Agreement. If exercised, the Mining Agreement
would have a term of 25 years, and the Company would pay a Net Smelter Royalty
(NSR) to RMA of 3.0% on ores or concentrates mined on the property. Also, the
Company is granted the option to purchase 90% of the NSR from RMA for
$2,500,000.</P>
<P align=center><B>SIGNATURE</B></P>
<P align=justify>Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD width="50%"  >&nbsp;</TD>
    <TD width="50%" align=left><B>New Jersey Mining Company</B> </TD>
  </TR>
  <TR>
    <TD width="50%" >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" >&nbsp;</TD>
    <TD width="50%" align=left>Date: December 6, 2006 </TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" >&nbsp;</TD>
    <TD width="50%" align=left style="BORDER-BOTTOM: #000000 1px solid">By: <I>/s/
      Fred W. Brackebusch</I> </TD>
  </TR>
  <TR>
    <TD width="50%" >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" >&nbsp;</TD>
    <TD width="50%" align=left>FRED W. BRACKEBUSCH </TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" >&nbsp;</TD>
    <TD width="50%" align=left>President, Chief Executive Officer </TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" >&nbsp;</TD>
    <TD width="50%" align=left>and Chief Financial Officer </TD>
  </TR></TABLE>
<P align=center>2</P>
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