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<SEC-DOCUMENT>0001062993-08-000471.txt : 20080411
<SEC-HEADER>0001062993-08-000471.hdr.sgml : 20080411
<ACCEPTANCE-DATETIME>20080208163146
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001062993-08-000471
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080208

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<!DOCTYPE HTML PUBLIC "07 Response to 2nd SEC Review Comments V3.pdf">


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<HEAD>
   <TITLE>Filed by Automated Filing Services Inc. (604)609-0244 - New Jersey Mining Company - Response Letter</TITLE>
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<P align=center><B><FONT size=5>New Jersey Mining Company</FONT><BR></B>P.O. BOX
1019 <BR>KELLOGG, ID 83837 <BR>(208) 783-3331 [PHONE OR FAX]</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
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  <TR vAlign=top>
    <TD align=right>February 6, 2008 </TD></TR>
  <TR vAlign=top>
    <TD align=right>Revised February 8, 2008 </TD></TR>
  <TR vAlign=top>
    <TD align=left>Jill S. Davis, Branch Chief </TD></TR>
  <TR vAlign=top>
    <TD align=left>United States Securities and Exchange Commission </TD></TR>
  <TR vAlign=top>
    <TD align=left>Division of Corporation Finance </TD></TR>
  <TR vAlign=top>
    <TD align=left>100 F Street, NE </TD></TR>
  <TR vAlign=top>
    <TD align=left>Mail Stop 7010 </TD></TR>
  <TR vAlign=top>
    <TD align=left>Washington, D.C. 20549-7410 </TD></TR></TABLE>
<P align=justify>Dear Ms. Davis:</P>
<P align=justify>Following are responses to the SEC&#146;s comments faxed to our
office on February 6, 2008 relating to the Company&#146;s 2006 Form 10-KSB filed
March 28, 2007 and 2007 Form 10QSB for Fiscal Quarter Ended September 30, 2007
filed November 13, 2007. These comments are specifically regarding our response
to your original comments and the associated amended Form 10KSB filed as
correspondence on January 10, 2008. We have discussed our planned responses with
internal staff and with our auditors and submit the following responses: I
believe we have responded fully to the comments made by SEC. A marked filing of
the proposed revisions to the Form 10-KSB is included for reference.</P>
<P align=center><B><U>Form 10-KSB for the Fiscal Year Ended December 31,
2006</U></B></P>
<P align=justify><B><U>Statement of Operations, page 30</U></B></P>
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cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>Comment: We note from your response to prior comment
      number two that you will expand your accounting policy footnote to
      indicate that &#147;Other income and expense transactions are presented at net
      unless they are material, in which case they are separated as unique
      expense and revenue items.&#148; Please revise your proposed policy to
      reference, instead, your accounting policy with respect to timber sales
      and why you reflect them as net. In this regard, we note from your
      response that these sales are not a normal part of your business but
      instead appear to be the result of peripheral or incidental
      transactions.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>Response: We have, upon further reflection, decided to
      present our timber revenue and expense as separate items on the statement
      of operations. Additionally we have revised our policy footnote on page 35
      to specifically discuss Timber sales.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD>
      <P align=justify>Comment: Additionally, it appears from your revised
      disclosure that your policy decision on whether to present items gross or
      net is a matter of materiality. Please cite the authoritative literature
      you are relying on in support of this position or otherwise clarify your
      accounting policy as necessary.</P></TD></TR></TABLE>
<P align=center>1</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A><BR>
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  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>Response: We have removed any mention of materiality from
      our policy and are now presenting timber sales as gross.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>Comment: Finally, please briefly describe the nature of
      your involvement in timber sales, including the assets you own that
      contribute the timber, and how and when you generate these
sales.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>Response: The Company has about 70 acres of timberland
      associated with its Coleman Mine property upon which logging campaigns
      occur on a 10-15 year cycle. Logging operations will be conducted by
      hiring independent contractors to cut and haul the logs to local
      markets.</P></TD></TR></TABLE>
<P align=justify><B><U>Closing Comments</U></B></P>
<P align=justify>In accordance with the Staff&#146;s request, we acknowledge
that:</P>
<UL style="TEXT-ALIGN: justify">
  <LI>The Company is responsible for the adequacy and accuracy of the disclosure
  in its filings with the Commission;
  <LI>Staff comments or changes to disclosure in response to Staff comments do
  not foreclose the Commission from taking any action with respect to the
  filings; and
  <LI>The Company may not assert Staff comments as a defense in any proceeding
  initiated by the Commission or any person under the federal securities laws of
  the United States. </LI></UL>
<P align=justify>We hope that our response adequately addresses the Staff&#146;s
comments and respectfully request that the Staff advise us at its earliest
convenience if the Staff believes that any of the responses set forth in this
letter are incomplete or unsatisfactory or if the Staff has any further comments
on our filings.</P>
<P align=justify>Sincerely,</P>
<P align=justify>Fred W. Brackebusch <BR>President</P>
<P align=center>2</P>
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