New Jersey Mining Company: Form 8K - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

April 19, 2011
Date of Report (Date of earliest event reported)

New Jersey Mining Company
(Exact name of registrant as specified in its charter)

Idaho 000-28837 82-0490295
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

89 Appleberg Road  
Kellogg, Idaho 83837
(Address of principal executive offices) (Zip Code)

(208) 783-3331
Registrant's telephone number, including area code

NOT APPLICABLE
(Former name or former address, if changed since last report)

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:

____ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

____ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

____ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

____ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS

ITEM 1.02 Termination of a Material Definitive Agreement

New Jersey Mining Company (OTCBB:NJMC) (“NJMC”) was notified by Newmont North American Exploration (Newmont) that it was withdrawing from the Toboggan Joint Venture. The Quitclaim and Release documents were signed by the Company on April 14, 2011. As a result of the joint venture termination, New Jersey Mining Company now wholly owns all the mineral lode claims that were part of the joint venture which cover an area of approximately 8,000 acres. Newmont spent just under $2 million in three field seasons, and the exploration data generated by this exploration will now be transferred to NJMC.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 Financial Statements and Exhibits

Exhibits

None

SIGNATURE

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.

  New Jersey Mining Company
   
  Date: April 19, 2011
  By: /s/ Fred W. Brackebusch
   
  FRED W. BRACKEBUSCH
  President, Chief Executive Officer
  and Chief Financial Officer

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