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Statement of Financial Position (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 167,443 $ 612,989
Investment in marketable equity security at market (cost-$3,868) 19,150 19,344
Joint venture receivables 202,997 131,718
Other current assets 20,608 55,442
Deposits 0 44,280
Inventory 19,353 18,410
Total current assets 429,551 882,183
Property, plant, and equipment, net of accumulated depreciation 4,489,217 3,967,467
Mineral properties, net of accumulated amortization 699,575 699,575
Investment in Golden Chest LLC 599,266 553,205
Total assets 6,217,609 6,102,430
Current liabilities:    
Accounts payable 116,065 122,060
Accrued payroll and related payroll expenses 72,689 54,367
Account payable, related party 1,500 1,500
Accounts payable, joint venture and related party 137,662 0
Obligations under capital lease, current 30,111 30,153
Notes payable, current 101,530 102,151
Total current liabilities 459,557 310,231
Asset retirement obligation 8,933 8,645
Obligations under capital lease, non-current 50,693 58,376
Notes payable, non-current 282,827 308,362
Total non-current liabilities 342,453 375,383
Total liabilities 802,010 685,614
Commitments 0 0
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued and outstanding Common stock, no par value, 200,000,000 shares authorized; 45,305,862 shares issued and outstanding both periods 10,423,469 10,423,469
Deficit accumulated during the development stage (7,556,074) (7,233,754)
Accumulated other comprehensive income 0 0
Unrealized gain in marketable equity security 15,281 15,475
Total New Jersey Mining Company stockholders' equity 2,882,676 3,205,190
Noncontrolling interest in New Jersey Mill Joint Venture 2,532,923 2,211,626
Total stockholders' equity 5,415,599 5,416,816
Total liabilities and stockholders' equity $ 6,217,609 $ 6,102,430