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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001062993-08-001231.txt : 20080325
<SEC-HEADER>0001062993-08-001231.hdr.sgml : 20080325
<ACCEPTANCE-DATETIME>20080325133218
ACCESSION NUMBER:		0001062993-08-001231
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080325
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20080325
DATE AS OF CHANGE:		20080325

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:		08708924

	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 "NJ8K032608.pdf">


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<HEAD>
   <TITLE>Filed by Automated Filing Services Inc. (604) 609-0244 - New Jersey Mining Co. - Form 8-K</TITLE>
   <META name="HandheldFriendly" content="true">
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<A name=page_1></A>
<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>March 25, 2008 </U><BR></B>Date of Report (Date of
earliest event reported)</P>
<P align=center><B><U><FONT size=5>New Jersey Mining Company
</FONT></U><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=center width="33%">&nbsp; </TD>
    <TD align=center width="33%">&nbsp; </TD></TR>
  <TR>
    <TD align=center>&nbsp; </TD>
    <TD align=center width="33%">&nbsp; </TD>
    <TD align=center width="33%">&nbsp; </TD></TR>
  <TR>
    <TD align=center>&nbsp; </TD>
    <TD align=center width="33%">&nbsp; </TD>
    <TD align=center width="33%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center colSpan=2><B>89 Appleberg Road </B></TD>
    <TD align=center width="33%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center colSpan=2><U><B>Kellogg, Idaho </B></U><U></U></TD>
    <TD align=center width="33%"><U><B>83837 </B></U></TD></TR>
  <TR vAlign=top>
    <TD align=center colSpan=2>(Address of principal executive offices) </TD>
    <TD align=center width="33%">(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=center>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=center>____ Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>
<P align=center>____ Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)</P>
<P align=center>____ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d -2(b))</P>
<P align=center>____ 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 March 20, 2008 New Jersey Mining Company (NJMC) entered into
a Venture Agreement with Newmont North American Exploration Limited, a
subsidiary of Newmont Mining Corporation (NYSE: NEM) under which the parties
created a joint venture to explore for gold deposits within a 38 square mile
area north of Murray, Idaho. The joint venture, known as the Toboggan Project,
covers all of NJMC&#146;s mining claims within this area except the Niagara property.
Under the terms of the agreement, Newmont can earn a 51% interest in the joint
venture by spending $2,000,000 over three years. Newmont can increase its
interest to 70% by spending an additional $10,000,000 or completing a
feasibility study in the years four through seven, whichever comes first.</P>
<P align=justify>As part of the terms of the agreement, Newmont retains an
option to include the Niagara property into the Toboggan Project which is
exercisable starting at the end of year one and extending to the end of year
three. If Newmont elects to include the Niagara property, it would be required
to spend at least another $1,000,000 or twice what NJMC spends on exploration of
the Niagara, whichever is greater, to earn its 51% interest.</P>
<P align=justify>There is no material relationship between NJMC and Newmont
other than with respect to this agreement. </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 align=left >&nbsp;</TD>
    <TD align=left width="25%"><B>New Jersey Mining Company</B> </TD>
    <TD align=left width="25%" >&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="25%">&nbsp; </TD>
    <TD width="25%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="25%">Date: March 25, 2008 </TD>
    <TD align=left width="25%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="25%">By:
      <I>/s/ Fred W. Brackebusch</I> </TD>
    <TD align=left width="25%" >&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="25%">&nbsp; </TD>
    <TD width="25%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="25%">FRED W. BRACKEBUSCH </TD>
    <TD align=left width="25%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD noWrap align=left width="25%">President, Chief Executive Officer </TD>
    <TD align=left width="25%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="25%">and Chief Financial Officer </TD>
    <TD align=left width="25%" >&nbsp;</TD></TR></TABLE>
<P align=center>2</P>
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