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

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2008

or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission file number: 000-28837

NEW JERSEY MINING COMPANY
(Exact name of registrant as specified in its charter)

Idaho	82-0490295
(State or other jurisdiction	(I.R.S. employer identification No.)
of incorporation or organization)

89 Appleberg Road, Kellogg, Idaho 83837
(Address of principal executive offices) (zip code)

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

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(D) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period as the registrant was required to file such reports), and (2) has been subject to filing requirements for the past 90 days.
Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “small reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer _____	Accelerated Filer _____
Non-Accelerated Filer _____	Smaller reporting company        X

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [ ] No [X]

On October 29, 2008, 36,877,192 shares of the registrant’s common stock were outstanding.

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NEW JERSEY MINING COMPANY

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTERLY PERIOD

ENDED SEPTEMBER 30, 2008

TABLE OF CONTENTS

	Page
PART I – FINANCIAL INFORMATION
Item 1: Financial Statements	3
Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
Item 3: Quantitative and Qualitative Disclosures about Market Risk	11
Item 4: Controls and Procedures	11
Item 4T: Controls and Procedures	12
PART II – OTHER INFORMATION
Item 1: Legal Proceedings	12
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds	12
Item 3: Defaults Upon Senior Securities	12
Item 4: Submission of Matters to a Vote of Security Holders	12
Item 5: Other Information	12
Item 6: Exhibits	12
SIGNATURES	13
CERTIFICATIONS

[The balance of this page has been intentionally left blank.]

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PART I-FINANCIAL INFORMATION

Item 1: FINANCIAL STATEMENTS

New Jersey Mining Company

(A Development Stage Company)

Balance Sheets (Unaudited)

September 30, 2008 and December 31, 2007

ASSETS
		September 30, 2008			December 31, 2007
Current assets:
Cash and cash equivalents	$	782,655		$	271,473
Investment in marketable equity security at market
(cost-$6,531)		57,148			391,872
Interest receivable		807			1,277
Miscellaneous receivable		5,730
Inventory		91,297			89,517
Total current assets		937,637			754,139
Property, plant, and equipment, net of accumulated depreciation		1,507,723			1,524,463
Mineral properties, net of accumulated amortization		1,249,989			1,004,444
Reclamation bonds		126,360			126,073
Total assets	$	3,821,709		$	3,409,119
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	80,397		$	63,544
Accrued payroll and related payroll expenses		57,639			37,730
Obligations under capital lease-current portion		32,986			36,940
Notes payable-current portion		116,919			118,046
Total current liabilities		287,941			256,260
Accrued reclamation costs		47,650			19,800
Obligation under capital lease-non-current		22,584			46,956
Notes payable-non-current		177,023			263,896
Total liabilities		535,198			586,912
Stockholders’ equity:
Preferred stock, no par value, 1,000,000 shares
authorized; no shares issued and outstanding
Common stock no par value, 50,000,000 shares authorized;
September 30, 2008-36,873,442 and
December 31, 2007-32,291,192
shares issued and outstanding		8,779,937			6,935,297
Deficit accumulated during the development stage		(5,544,043	)		(4,498,431	)
Accumulated other comprehensive income
Unrealized gain in marketable equity security		50,617			385,341
Total stockholders’ equity		3,286,511			2,822,207
Total liabilities and stockholders’ equity	$	3,821,709		$	3,409,119

3

The accompanying notes are an integral part of the financial statements.

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New Jersey Mining Company

(A Development Stage Company)

Statements of Operations and Comprehensive Loss (Unaudited)

For the Three and Nine Month Periods Ended September 30, 2008 and 2007,

And from Inception (July 18, 1996) through September 30, 2008

														From Inception
														(July 18, 1996)
														Through
		September 30, 2008						September 30, 2007						September 30, 2008
		Three Months			Nine Months			Three Months			Nine Months
Income earned during the development stage:
Sales of gold	$			$	50,559		$			$	43,250		$	149,715
Sales of concentrate											50,507			601,168
					50,559						93,757			750,883
Cost and expenses:
Direct production costs		15,304			117,443			24,683			223,979			882,817
Management		73,683			207,882			67,174			198,372			1,183,197
Exploration		204,909			492,643			146,257			371,196			2,091,368
Gain on sale of mineral property														(90,000	)
Gain on default of mineral
property sale (Note 6)		(270,000	)		(270,000	)								(270,000	)
Depreciation and amortization		49,766			154,926			49,424			105,720			495,270
General and administrative expenses		158,218			404,340			111,413			305,960			2,013,300
Total operating expenses		231,880			1,107,234			398,951			1,205,227			6,305,952
Other (income) expense:
Timber sales											(487	)		(54,699	)
Timber expense														14,554
Royalties and other income		(156	)		(1,500	)					(1,501	)		(71,703	)
Royalty expense		500			1,156			500			6,203			34,773
Gain on sale of marketable equity security								(37,598	)		(37,598	)		(70,109	)
Interest income		(4,526	)		(13,971	)		(5,437	)		(22,288	)		(45,042	)
Interest expense					3,251			9,214			16,754			60,250
Write-off of goodwill														30,950
Write-off of investment														90,000
Total other (income) expense		(4,182	)		(11,064	)		(33,321	)		(38,917	)		(11,026	)
Net loss		227,698			1,045,611			365,630			1,072,553			5,544,043
Other comprehensive income:
Unrealized (gain) loss on marketable
equity security		40,820			334,724			555,553			480,553			(50,617	)
Comprehensive loss	$	268,518		$	1,380,335		$	921,183		$	1,553,106		$	5,493,426
Net loss per common share-basic	$	0.01		$	0.03		$	0.01		$	0.04		$	0.30
Weighted average common shares
outstanding-basic		36,845,266			35,503,762			30,815,001			30,349,480			18,405,949

4

The accompanying notes are an integral part of these financial statements.

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New Jersey Mining Company

(A Development Stage Company)

Statements of Cash Flows (Unaudited)

For the Nine Month Periods Ended September 30, 2008 and 2007,

And from Inception (July 18, 1996) through September 30, 2008

								From Inception
		September 30,						(July 18, 1996)
								through
		2008			2007			September 30, 2008
Cash flows from operating activities:
Net loss	$	(1,045,611		$	(1,072,553	)	$	(5,544,043	)
Adjustments to reconcile net loss to net cash
used by operating activities:
Depreciation and amortization		154,926			105,720			495,269
Write-off of equipment								11,272
Write-off of goodwill and investment								120,950
Gain on sale of mineral property								(90,000	)
Gain on default of mineral property sale		(270,000	)					(270,000	)
Gain on sale of marketable equity securities					(37,598	)		(70,109	)
Common stock issued for:
Management and directors’ fees		58,050			62,250			725,087
Services and other		25,500			16,700			186,811
Exploration		14,540			22,560			83,421
Mineral property agreement								15,000
Change in:
Inventories		(1,779	)		95,610			(91,296	)
Accounts receivable		(5,730	)		13,628			(5,730	)
Interest receivable		469			(2,826	)		(808	)
Other assets								(778	)
Accounts payable		16,851			(49,694	)		89,631
Accrued payroll and related payroll expense		19,909			10,755			57,639
Accrued reclamation costs								19,800
Net cash used by operating activities		(1,032,875	)		(835,448	)		(4,267,884	)
Cash flows from investing activities:
Purchases of property, plant, and equipment		(100,991	)		(184,147	)		(1,078,923	)
Purchase of mineral property								(14,904	)
Proceeds from sale of mineral property								120,000
Deposit received on sale of mineral property (Note 6)		270,000						270,000
Purchase of reclamation bonds		(286	)		(121,176	)		(126,359	)
Purchase of certificates of deposits								(200,000	)
Proceeds from sales of certificates of deposits					200,000			200,000
Purchase of marketable equity security								(7,500	)
Proceeds from sales of marketable equity securities					38,095			71,078
Cash of acquired companies								38,269
Deferral of development costs		(249,291	)		(126,341	)		(665,393	)
Net cash used by investing activities		(80,568	)		(193,569	)		(1,393,732	)
Cash flows from financing activities:
Exercise of stock purchase warrants		1,740,000			120,000			2,537,600
Sales of common stock, net of issuance costs		950			1,278,319			4,226,576
Principal payments on capital lease		(28,325	)		(26,206	)		(148,217	)
Principal payments on notes payable		(88,000	)		(31,115	)		(171,688	)
Net cash provided by financing activities		1,624,625			1,340,998			6,444,271
Net change in cash and cash equivalents		511,182			311,981			782,655
Cash and cash equivalents, beginning of period		271,473			76,821			0
Cash and cash equivalents, end of period	$	782,655		$	388,802		$	782,655
Supplemental disclosure of cash flow information
Interest paid in cash	$	25,433		$	16,754		$	73,068
Non-cash investing and financing activities:
Common stock issued for:
Property, plant, and equipment	$	5,600		$	7,000		$	50,365
Mineral properties							$	294,300
Payment of accounts payable				$	12,205		$	12,205
Acquisitions of companies, excluding cash							$	743,653
Capital lease obligation incurred for equipment acquired							$	178,588
Notes payable for property and equipment acquired				$	401,112		$	446,399

5

The accompanying notes are an integral part of these financial statements.

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New Jersey Mining Company

Notes to Financial Statements

(Unaudited)

1.	Basis of Presentation:

These unaudited interim financial statements have been prepared by New Jersey Mining Company (“the Company”) in accordance with accounting principles generally accepted in the United States of America for interim financial information, as well as the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal recurring accruals) considered necessary for a fair presentation of the interim financial statements have been included.

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company's financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions, which could have a material effect on the reported amounts of the Company's financial position and results of operations. Operating results for the nine month period ended September 30, 2008, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2008.

For further information refer to the financial statements and footnotes thereto in the Company’s Annual Report on Form 10-KSB for the year ended December 31, 2007.

The Company presents its financial statements in accordance with Statement of Financial Accounting Standards (SFAS) No. 7, “Accounting for Development Stage Entities,” as management believes that while the Company’s planned principal operations have commenced, the revenue generated from them is not sufficient to cover all corporate costs. Additional development of the Company’s properties is necessary before a transition is made to reporting as a production stage company.

2.	Description of Business

The Company is an exploration stage company incorporated as an Idaho corporation on July 18, 1996. The Company's primary business is exploring for and developing gold, silver, and base metal mining resources in Idaho.

3.

Equity

Exercise of Stock Purchase Warrants
For the nine month period ended September 30, 2008 the Company issued 4,350,000 shares of unregistered common stock, pursuant to the exercise of common stock purchase warrants. The warrants were exercised at $0.40 per share for net proceeds of $1,740,000.

Common Stock Issued for Cash, Goods, and Services
The Company issued 48,800 and 130,500 shares respectively of unregistered common stock to President Fred W. Brackebusch for management services rendered in the three and nine month periods ending September 30, 2008. The shares were valued at prices ranging from of $0.40 to $0.50 per share.

During the three and nine month periods ended September 30, 2008 the company issued 23,750 and 69,150 shares of unregistered common stock to individuals for goods, services, cash, and service awards at fair value prices ranging from $0.40 to $0.60 per share.

During the nine month period ended September 30, 2008 the company issued 32,600 shares of unregistered common stock to individuals for exploration. The shares were valued at prices ranging from $0.40 to $0.60.

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4.	Fair Value Measurement

Effective January 1, 2008, we adopted the provisions of SFAS No. 157, “Fair Value Measurements,” for our financial assets and financial liabilities without a material effect on our results of operations or financial position. The effective date of SFAS No. 157 for non-financial assets and non-financial liabilities has been deferred by FSP 157-2 to fiscal years beginning after November 15, 2008, and we do not anticipate the impact of adopting SFAS 157 for non-financial and non-financial liabilities to have a material impact on our results of operations or financial position.

SFAS No. 157 expands disclosure requirements to include the fair value measurement, and its fair value hierarchy level, for each major category of assets and liabilities that are measured at fair value.

Hierarchy level is determined by segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

The table below sets forth our financial asset that was accounted for at fair value at September 30, 2008, and its respective hierarchy level. We had no other financial assets or liabilities accounted for at fair value at September 30, 2008.

We also adopted the provisions of SFAS No. 159, “The Fair Value Option for Financial Liabilities,” effective January 1, 2008. SFAS No. 159 permits entities to choose to measure many financial assets and financial liabilities at fair value. The adoption of SFAS No. 159 has not had a material effect on our financial position or results of operations as of and for the three and nine month periods ended September 30, 2008.

5.	New Accounting Pronouncement

In March 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 161, "Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133 (SFAS No. 161), to provide an understanding of how and why an entity uses derivative instruments, how they are accounted for, and how they affect an entity's financial statements. SFAS No. 161 is effective for both interim and annual reporting periods beginning after November 15, 2008. We do not expect any material effect to our financial statements from the enactment of SFAS No. 161.

In May 2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted Accounting Principles,” which identifies the sources of accounting principles and provides entities with a framework for selecting the principles used in preparation of financial statements that are presented in conformity with GAAP. The adoption of SFAS No. 162 is not expected to have a material impact on our financial statements.

6.	Mining Venture Agreements

Silver Star Venture Agreement
The Company and Silverstar Mining Corp. ("Silverstar") entered into a Mining Venture Agreement on April 1, 2008, relating to the Silver Strand Property. During the three months ended June 30, 2008, Silverstar paid the Company $270,000 of $500,000 to acquire a 50% mining rights and property interest in the Silver Strand property. On July 31, 2008 Silverstar defaulted on the terms of the agreement by not making the final payment when due on July 31, 2008. The Company is not requred to refund the initial $270,000 deposit and has recognized it as income from operations in the third quarter of 2008.

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Newmont Venture Agreement
The Company entered into a venture agreement with Newmont North America Exploration Limited ("Newmont") in March 2008, relating to exploration of the Company's Toboggan Project. Newmont is conducting exploration in a 38 square mile area centered on the prospects that the Company has staked in the past two years. To earn a participating interest in the Venture, Newmont is required to contribute $2,000,000 in exploration expenditures as follows: $300,000 on or before March 2009, an additional $700,000 by March 2010, and an additional $1,000,000 by March 2011.

Item 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

When we use the terms "New Jersey Mining Company," the "Company," "we," "us," or "our," we are referring to New Jersey Mining Company (the "Company") and its subsidiaries, unless the context otherwise requires.

Cautionary Statement about Forward-Looking Statements
This Quarterly Report on Form 10-Q includes certain statements that may be deemed to be "forward-looking statements." All statements, other than statements of historical facts, included in this Form 10-Q that address activities, events or developments that our management expects, believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements include discussion of such matters as:

• The amount and nature of future capital, development and exploration expenditures;

• The timing of exploration activities; and

• Business strategies and development of our business plan.

Forward-looking statements also typically include words such as "anticipate," "estimate," "expect," "potential," "could" or similar words suggesting future outcomes. These statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, including such factors as the volatility and level of metal prices, currency exchange rate fluctuations, uncertainties in cash flow, expected acquisition benefits, exploration mining and operating risks, competition, litigation, environmental matters, the potential impact of government regulations, and other matters related to the mining industry, many of which are beyond our control. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements.

The Company is under no duty to update any of these forward-looking statements after the date of this report. You should not place undue reliance on these forward-looking statements.

Plan of Operation
The Company is executing its strategy to conduct exploration for gold, silver and base metal deposits in the greater Coeur d’Alene Mining District of northern Idaho while concurrently conducting mining and mineral processing operations on higher grade ore reserves it has located on its exploration properties. The financial strategy is to generate cash from these operations to pay for corporate expenses and to provide additional funds for exploration, thus reducing the need to raise funds through financing activities including sale of common stock. The strategy includes finding and developing ore reserves in order to increase production of gold, silver, and base metals. In addition, the sale or joint venture of mineral properties is used as a source of funds and to reduce exploration costs.

The Company has several properties at which most exploration is being conducted; the Toboggan Project, the Niagara, the Golden Chest, the Silver Strand, the Coleman, and the Giant Ledge. The Toboggan Project is a group of prospects in the Murray, Idaho District that appear to be related to alkaline magmatism and contain gold and silver telluride minerals. In the first quarter of 2008 a joint venture agreement was signed with Newmont North

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America Exploration Limited relating to exploration of the Toboggan Project. Newmont is conducting exploration in a 38 square mile area centered on the prospects that the Company has staked in the past two years. The Niagara copper-silver deposit, also located in the Murray, Idaho area, in the Revett formation was drilled in the 1970’s, but more drilling is needed to increase the confidence in resource estimates and to evaluate whether gold is a significant component of the deposit. Results of the first two drillholes were received in the third quarter confirming the continuity of the resource and indicating that gold would be a significant byproduct. The Company is continuing in-fill drilling on the known resource and is planning to drill to intercept a deeper stratabound target in the Revett formation. At the Golden Chest mine, production is not being done while a ramp is being driven to access a block of reserves discovered by drilling from the surface. Near the end of the third quarter the ramp intersected the #3 level of the old workings thus increasing access to potential drilling targets and providing quicker potential for secondary and haulage access. A new vein, called the Clagett vein, containing gold and tungsten mineralization was encountered in the ramp during the third quarter. Permits are in place and development of infrastructure has been completed in order to be able to begin production of silver-gold ore at the Silver Strand mine in May 2009. At the Coleman underground mine, a drift was completed to the vicinity of a drill intercept which indicates the presence of higher grade gold-silver mineralization. Further work at the Coleman will not be done until drilling is conducted to locate the higher grade vein. The Giant Ledge is a new prospect which was staked in the second quarter. Geophysical and geological studies were conducted in the third quarter. Gold, lead and copper mineralization is related to an intrusive stock.

The Company continued to conduct core drilling operations in the third quarter of 2008 with its own core drilling machine. In the third quarter, drilling operations were concentrated at the Niagara deposit with two intercepts completed in the known resource and two more drillholes explored a target in the hangingwall of the Murray Peak fault just west of the Niagara resource. The Niagara resource intercepts were of similar metal content as the historic drilling with the notable exception that economically significant gold grades were sampled in the main resource zone. In the remainder of 2008, drilling will continue in the Murray area.

At the Toboggan Project where gold-silver telluride mineral systems have been located, Newmont continued exploration in the third quarter. Work being done by Newmont includes soil and stream sediment sampling, claim staking, geological reconnaissance, and geophysical surveys.

At the Silver Strand mine, a new adit started in 2007 was completed in the third quarter of 2008 which provides access to the proven and probably reserves. Work was suspended until the start of the 2009 season in order to concentrate on completing access to the reserves at the Golden Chest mine.

The New Jersey mineral processing plant was idle except for test runs during the third quarter but operations resumed recently to process development material from a new vein encountered in the Golden Chest ramp. During the third quarter improvements to the ore feeder, electrowinning power and concentrate dewatering were completed. The plant will be operating part time until a steady feed from the Golden Chest mine is available, possibly in the first quarter of 2009.

Changes in Financial Condition
The Company maintains an adequate cash balance by increasing or decreasing its exploration expenditures as limited by availability of cash from operations or from financing activities. The cash balance at the end of the third quarter of 2008 was $782,655, and Figure 1 shows the corresponding balances for previous accounting periods.

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The cash balance decreased during the third quarter of 2008 due to exploration and development expenditures, lack of sales and financing activities. Investment in a marketable equity security held by the Company decreased from $97,968 to $57,148 during the quarter due to decline in the stock price of that security.

Results of Operations
Income Earned during the Development Stage (Revenue) for the third quarter 2008 was $0, the same as the third quarter of 2007. Figure 2 shows a net loss for the third quarter of 2008 of $227,698 compared to the net loss for the third quarter of 2007 of $365,630 and the net losses in previous accounting periods

Gold production was only 20 ounces in the third quarter of 2008 as compared to 24 ounces for the respective 2007 period. Gold production is expected to increase slightly in the fourth quarter.

Ore mining operations at the Golden Chest mine are expected to be minimal for the remainder of 2008 while access is being extended to the Idaho vein reserves. Once the Idaho vein ramp development is completed there will be enough reserves for many years of mining at the rate of 4,000 tonnes/year.

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Ore production is scheduled at the Silver Strand mine in the second quarter of 2009. A decision was made in the third quarter to send mining crews and equipment to the Golden Chest mine to speed up that development, thus delaying any production from the Silver Strand until 2009. Production could commence in 30 days after mobilization in 2009. Operating results at the Silver Strand mine will depend upon the price of silver as well as gold. Present silver and gold prices are sufficient in management’s estimation to generate a gross profit at the Silver Strand mine based on the operating plan which was part of the permitting process.

No capital expenditures are planned at the New Jersey mineral processing plant.

The amount of money to be spent on exploration at the Company’s mines and prospects will depend upon the amount of gross profit generated by operations and the amount of money raised by financing activities. Basically, management expects to be able to continue the present operating scenario with its three active mines and mineral processing plant indefinitely, but expanded exploration or production activities depend upon the results of financing activities.

Changes in Direct Production Costs
Direct production costs decreased for the three and nine month periods ending September 30, 2008 compared to the comparable periods last year. The decrease was primarily due to decision to limit production because the Company is developing a ramp to access ore reserves at the Golden Chest mine.

Changes in Exploration Costs
Exploration expenses increased for the three and nine month periods ending September 30, 2008 compared to the comparable periods last year. The increase was due to increased exploration drilling and geological activities.

Changes in General and Administrative Costs
General and administrative cost increased for the three and nine month periods ending September 30, 2008 compared to the comparable periods last year. The Company increased the number of its employees, wages were increased, and accounting costs increased.

Item 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required for small reporting companies.

Item 4: CONTROLS AND PROCEDURES

Disclosure Controls and Procedures
The Company’s President and Chief Executive Officer who also serves as the Company’s principal financial officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures pursuant to Rule 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934 (the “Exchange Act”), as of the end of the period covered by this report. Based on such evaluation, the Company’s President, Chief Executive Officer, and principal financial officer has concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing, and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files under the Exchange Act

Changes in internal control over financial reporting.
The President, Chief Executive Officer, and principal financial officer conducted evaluations of the Company’s internal controls over financial reporting to determine whether any changes occurred during the quarter ended September 30, 2008 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. No material changes in internal control over financial reporting occurred in the quarter ended September 30, 2008.

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Item 4T. CONTROLS AND PROCEDURES

Information regarding internal control over financial reporting has been set forth in Item 4.

PART II - OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

None

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Neither the constituent instruments defining the rights of the Company’s securities filers nor the rights evidenced by the Company’s outstanding common stock have been modified, limited or qualified.

The Company issued 48,800 shares of unregistered common stock to President Fred W. Brackebusch for management services rendered on September 30, 2008. The shares were valued at a price of $0.40 per share. In management’s opinion, the securities were issued pursuant to exemption from registration under Section 4(2) of the Securities Act of 1933, as amended.

During the third quarter the Company issued 3,750 shares of unregistered common stock at an average price of $0.46 to other accredited and sophisticated individuals for goods and services, and 20,000 shares at an average price of $0.40 to certain hourly employees for service awards during the year. In management’s opinion, the securities were issued pursuant to exemptions from registration under Section 4(2) of the Securities Act of 1933, as amended.

Item 3. DEFAULTS UPON SENIOR SECURITIES

The Company has no outstanding senior securities.

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

Item 5. OTHER INFORMATION

None

Item 6. EXHIBITS

Number	Description
3.1	Articles of Incorporation. Filed as an exhibit to the registrant's registration statement on Form 10- SB (Commission File No. 000-28837) and incorporated by reference herein.
3.2	Bylaws. Filed as an exhibit to the registrant's registration statement on Form 10-SB (Commission File No. 000-28837) and incorporated by reference herein.
31.1	Certification pursuant to Section 302 of the Sarbanes-Oxley act of 2002.
32.1	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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SIGNATURES

     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 thereunto duly authorized.

	NEW JERSEY MINING COMPANY
	By:	/s/ Fred W. Brackebusch
		Fred W. Brackebusch, its
		President, Treasurer & Director
		Date: November 13, 2008
	By:	/s/ Grant A. Brackebusch
		Grant A. Brackebusch, its
		Vice President & Director
		Date: November 13, 2008

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