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New Jersey Mining sells property in Murray Gold Belt to Hecla for $3 million

New Jersey Mining Co. recently sold its Toboggan project to a subsidiary of Hecla Mining Co. for $3 million.

The Toboggan property includes the surface rights to the Little Baldy patented claims and 106 unpatented mining claims within the Murray Gold Belt in North Idaho.

The property is 3 miles north of New Jersey Mining’s Golden Chest Mine, which is producing gold from open pit and underground operations.

Hecla also participated in a private placement, purchasing $500,000 of restricted NJMC common stock.


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