Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Partly Cloudy Night 27° Partly Cloudy
News >  Business

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.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.