8-K

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

February 12, 2007
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	(Commission File Number)	(IRS Employer Identification No.)
incorporation)

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 3 – FINANCIAL INFORMATION

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

On February 12, 2007, the Company completed a non-brokered private placement of stock by selling 2,684,585 Units at a price of $0.40 per Unit, which resulted in net proceeds of $1,073,834. No commissions were paid. Each Unit consists of one share of common stock plus one-half of a warrant. Each full warrant is exercisable at a price of $0.55 until December 31, 2008.

The common stock and stock underlying the warrant are restricted from resale by Rule 144. The Offering was strictly limited to persons who met certain minimum financial or sophistication requirements. The offering was made in reliance on exemptions from registration provided by Section 4(2) and Rule 506 of Regulation D of the Securities Act of 1933, as amended.

A press release announcing the closing of the private placement is attached as an exhibit below.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

99.1 Press Release dated February 13, 2007.

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: February 13, 2007
	By:	/s/ Fred W. Brackebusch
		FRED W. BRACKEBUSCH
		President, Chief Executive Officer
		and Chief Financial Officer

2

EX-99.1

February 13, 2007

PRESS RELEASE

New Jersey Mining Company Secures Funding and Orders Drill Rig

          Kellogg, Idaho. New Jersey Mining Company (OTCBB:NJMC) announces it has completed a private placement for $1,074,000. The funding assures that exploration plans for 2007 can be completed to expand the company’s mineral resources through an aggressive regional exploration program that includes diamond drilling, drifting, soil sampling and geophysics.

          The company has placed a purchase order with Hagby USA for a Model 1000/3 diamond drilling rig to be used for surface, underground, and remote-site exploration drilling. It is planned to hire a drilling crew so that drilling can be done by the company on its properties throughout the entire year. Once winter sets in and prevents drilling at our surface projects, the drill will be moved to underground drilling at either the Golden Chest or New Jersey mines to maximize utilization of the drill.

           The difficulty in obtaining contractors for drilling programs led management to the decision to start its own exploration drilling unit. In addition, it is expected that drilling costs will be reduced significantly and sample quality will also improve.

          Three Plans of Operations (POO’s) were submitted in late 2006 to the US Forest Service (USFS) for drilling programs at the Gold Butte, Niagara copper-silver deposit and the CA prospect. Plan approval from the USFS on at least two of these projects is expected for this summer. Once the drill is delivered in 10 to 12 weeks, drilling will commence at the Enterprise prospect since it is located on private land and no permitting is required. Additional drilling is planned at the Silver Strand and Silver Button projects.

          The placement was non-brokered and consisted of 2,685,000 units at a price of $0.40. Each unit is comprised of one share of common stock plus one-half of a warrant. Each full warrant is exercisable at $0.55 until December 31, 2008.

          New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d'Alene Mining District of northern Idaho. The Company has a portfolio of mineral properties in the Coeur d'Alene Mining District including the Niagara

P.O. Box 1019 u Kellogg, Idaho 83837 u Phone (208) 783-1032 u www.newjerseymining.com

copper-silver deposit, the Golden Chest mine, the New Jersey mine, the Silver Strand mine, and several other exciting exploration prospects.

          This release contains certain forward-looking statements within the meaning of the Federal Securities Laws. Such statements are based on assumptions that the Company believes are reasonable but which are subject to a wide range of uncertainties and business risks. Factors that could cause actual results to differ from those anticipated are discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-KSB for the year ended December 31, 2005.

          Further information about New Jersey Mining Company can be reviewed on the website of the Securities and Exchange Commission at www.sec.gov or on the company's website at www.newjerseymining.com

Contact:	Grant Brackebusch, Vice President
	Phone (208) 783-1032
	E-mail:ir@newjerseymining.com
	Website: www.newjerseymining.com

P.O. Box 1019 u Kellogg, Idaho 83837 u Phone (208) 783-1032 u www.newjerseymining.com