It said that by 19:15 local time (12:45 GMT) "162 bodies were found and 54 injured people were taken [to hospital]". No figure was given for the number of people still missing.
Heavy rain continued all day during the rescue work.
Police said some people had defied a warning issued on Wednesday not to work in the area after the rainfall, although the advice may also have saved many lives.
Video of the incident shows a massive landslide pouring into a large flooded pit or lake.
Maung Khaing, a 38-year-old miner, told Reuters he saw a towering pile of waste close to collapse and people were shouting "run, run".
He said: "Within a minute, all the people at the bottom [of the hill] just disappeared. I feel empty in my heart... There were people stuck in the mud shouting for help but no-one could help them."
Hundreds of people gather at mines to sift through rubble discarded from lorries, hoping to find jade stones.
Image captionRescuers worked all day at the scene, where more people were reported missing
The rubble creates large slopes that can be dangerous in an area denuded of trees and resembling a moonscape.
More than 100 people died last year alone at mining sites.
Myanmar's jade trade is reported to be worth more than $30bn (£24bn) a year. Hpakant is the site of the world's biggest jade mine.
The BBC's Jonathan Head in Bangkok says a new gemstone mining law was passed last year, but critics say the government has too few inspectors with only limited authority to stop illegal practices.
He says campaigners have accused the military, drug dealers, insurgent groups and Chinese business interests of controlling the jade trade and preventing a safer and more sustainable exploitation of the valuable gemstone.
Byal ဗျာလ or ဗျာလ္လ Nawarupa (Burmese: နဝရူပ ; Pali: navarūpa, lit. "nine forms"), also known as byala (ဗျာလ or ဗျာလ္လ), is a chimeric creature found in Rakhine mythology. The nawarupa is made of 9 animals, possessing the trunk of a naga or elephant, the eyes of a deer, the horns of a rhinoceros, the tongue or wings of a parrot, the body of a lion or naya, the tail of a peacock or yak, the ears of an elephant or horse, and the feet of a chinthe or karaweik. In the Konbaung dy nasty, the nawarupa decorated one of the ceremonial royal barges Byala is a mythical creature which embellishes religious structures, especially in Rakhine State . It is regarded by the Rakhines as a symbol bringing good luck and auspiciousness. In the light of the Pali-English Dictionary written by Rhys Davids and Willian Stede, Pali word”Vala” means “ a beast of prey.” The word” Lala” written in Rakhine scripts is found on the exterior wall of the Shittaung Temple built by...
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