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1. Description of Business
12 Months Ended
Dec. 31, 2015
Notes  
1. Description of Business

1. Description of Business

 

New Jersey Mining Company (“the Company”) was incorporated as an Idaho corporation on July 18, 1996. The Company's primary business is exploring for and developing gold, silver, and base metal mineral resources in the Greater Coeur d’Alene Mining District of North Idaho and extending into Western Montana. It is currently evaluating new mineral investment and development opportunities in the western United States. The Company is currently focused on advanced stage exploration and development assets that could be developed into near-term cash flow. During late 2014, one of its mineral properties had a new mine developed and put into production by a lessee. The New Jersey Mill was also put into production in 2014 to process ore from the Golden Chest Mine. The mine and mill were in production through the first three quarters of 2015. Production has since been halted due to continued low gold prices but is expected to resume in the second or third quarter of 2016.