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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001062993-08-003120.txt : 20080711
<SEC-HEADER>0001062993-08-003120.hdr.sgml : 20080711
<ACCEPTANCE-DATETIME>20080710200752
ACCESSION NUMBER:		0001062993-08-003120
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080710
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20080711
DATE AS OF CHANGE:		20080710

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:		08948004

	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
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!DOCTYPE HTML PUBLIC "NJ8K070908.pdf">


<HTML>
<HEAD>
   <TITLE>Filed by sedaredgar.com - New Jersey Mining Co. - Form 8-K</TITLE>
   <META name="HandheldFriendly" content="true">
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<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<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>July 10, 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></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 July 4, 2008 New Jersey Mining Company (NJMC) entered into a
Mining Venture Agreement with Silverstar Mining Corp. (Silverstar) on its Silver
Strand mine property located in Kootenai County, Idaho. Silverstar agreed to pay
NJMC $500,000 for a 50% interest in the Silver Strand mine property and each
party then will contribute their 50% interest to the joint venture. Silverstar
has made initial payments of $270,000 and has until July 31, 2008 to complete
the acquisition of their 50% interest from NJMC. In addition Silver Star will
refund NJMC for 50% of the reclamation bond which is approximately $61,000.
Silverstar will also pay NJMC 50,000 shares of Silverstar Mining Corp. common
stock. NJMC will be the manager of the joint venture and both parties will
contribute 50% of the costs and receive 50% of the revenues.</P>
<P align=justify>There is no material relationship between NJMC and Silverstar
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="50%"><B>New Jersey Mining Company</B> </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Date: July 10, 2008 </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%">By:
      <I>/s/ Fred W. Brackebusch</I> </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">FRED W. BRACKEBUSCH </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">President, Chief Executive Officer </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">and Chief Financial Officer
</TD></TR></TABLE>
<P align=center>2</P>
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