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Statement of Financial Position (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 612,989 $ 357,317
Investment in marketable equity security at market (cost-$3,868) 19,344 19,344
Joint venture receivables 131,718 11,913
Other current assets 55,442 15,392
Deposits 44,280 0
Inventory 18,410 16,381
Total current assets 882,183 420,347
Property, plant and equipment, net of accumulated depreciation 3,967,467 1,323,330
Mineral properties, net of accumulated amortization 699,575 871,374
Investment in Golden Chest LLC 553,205 553,205
Reclamation bonds 0 121,133
Total assets 6,102,430 3,289,389
Current liabilities:    
Accounts payable 122,060 42,958
Accrued payroll and related payroll expenses 54,367 15,986
Account payable related party 1,500 0
Obligations under capital lease, current 30,153 13,246
Notes payable, current 102,151 54,661
Total current liabilities 310,231 126,851
Asset retirement obligation 8,645 29,385
Obligations under capital lease-non-current 58,376 1,403
Notes payable, non-current 308,362 64,720
Total non-current liabilities 375,383 95,508
Total liabilities 685,614 222,359
Commitments 0 0
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding Common stock, no par value, 2011-200,000,000 2010-50,000,000 shares authorized; 2011-45,305,862 and 2010-45,017,862 shares issued and outstanding 10,423,469 10,365,429
Deficit accumulated during the development stage (7,233,754) (7,313,874)
Accumulated other comprehensive income: 0 0
Unrealized gain on marketable equity security 15,475 15,475
Total New Jersey Mining Company stockholders' equity 3,205,190 3,067,030
Non-controlling interest in New Jersey Mill Joint Venture 2,211,626 0
Total stockholders' equity 5,416,816 3,067,030
Total liabilities and stockholders' equity $ 6,102,430 $ 3,289,389