In the same category

Timberline Resources Corporation

Published : March 03rd, 2011

Closes $5-Million Offering, Fast-Track Exploration to Continue at Lookout Mountain

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

cid:9d174c65076e611f8993fc8ae22464a1

 

Timberline Closes $5-Million Offering, Fast-Track Exploration to Continue at Lookout Mountain

Coeur d'Alene, Idaho - March 3, 2011 - Timberline Resources Corporation (NYSE Amex: TLR; TSX-V: TBR) ("Timberline" or the "Company") announced today that it has closed its $5-million offering of common stock. Proceeds from the financing will be used to continue the Company's aggressive exploration program at its Lookout Mountain Gold Project on the prolific Battle Mountain-Eureka Trend of central Nevada.

 

Timberline's Executive Chairman Paul Dircksen stated, "Our recent work at Lookout Mountain strongly supports our belief in the potential for near-term development of a low capital, low operating cost, open pit, heap-leach gold mine. This financing will allow us to maintain momentum with continued resource expansion drilling, along with exploration drilling at other priority targets at South Eureka. We expect to release an updated NI 43-101 gold resource for Lookout Mountain within the next two weeks, as soon as current metallurgical tests are sufficiently complete, and we are also beginning work on a Preliminary Economic Assessment (PEA) of the project. With anticipated gold production by early Q1 2012 at Butte Highlands, where development is completely funded by our JV partner, we believe that Timberline is exceptionally well-positioned for the ongoing bull market in gold."

 

Lookout Mountain is the most advanced project within Timberline's 23 square-mile South Eureka land package and is located just a few miles from Barrick Gold Corporation's two-million ounce Archimedes / Ruby Hill mine. Lookout Mountain hosts significant oxide gold mineralization amenable to low-cost, heap-leach recovery, along with a smaller, high-grade, sulfide resource.

 

Timberline also announced today that it will be an exhibitor at the Prospectors and Developers Association of Canada (PDAC) International Convention, Trade Show and Investors Exchange at the Metro Toronto Convention Centre (South Building), March 6-9, 2011. Timberline management invites shareholders and investors to visit Booth #3151 of the PDAC Investors Exchange, which is open to the public and free of charge. Members of the Timberline team will be available to discuss progress and plans at its Lookout Mountain and Butte Highlands gold projects.

 

Shareholders and investors are also invited to view additional information, including the Company's Corporate Presentation, at Timberline's recently-updated web site at www.timberline-resources.com.

 

About Timberline Resources

 

Timberline is a U.S.-based exploration/development company with a focus on advanced-stage precious metals properties. The Company's management team has a solid track record of achievement in building successful companies and discovering, exploring, and developing economic mineral deposits. Currently, Timberline is executing an aggressive exploration program at its South Eureka Property, a large drill-tested and highly prospective property in Nevada's Battle Mountain - Eureka gold trend. In addition, Timberline has two other business units. The Company has a 50% carried-to-production interest at the Butte Highlands Joint Venture which is currently in development and targeted to begin gold production in early 2012. Timberline also has a wholly-owned subsidiary, Timberline Drilling, which provides cash flow to the Company from its underground and surface drilling operations at operating mines and advanced development and exploration projects. 

 

Timberline is listed on the NYSE Amex where it trades under the symbol "TLR" and on the TSX Venture Exchange where it trades under the symbol "TBR".

 

Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties.  These statements include but are not limited to statements regarding the anticipated use of proceeds from the offering, development and production of the Company's Butte Highlands project and South Eureka project, the targeted production date for the Butte Highlands project, targeted dates and results for the South Eureka resource calculation, technical report and PEA, results of the Company's drilling subsidiary, possible growth of the Company and the Company's expected operations, including a potential open pit gold mine at South Eureka. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements.  These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risk that economic and other considerations will cause the Company to use the proceeds of the offering other than as currently expected, and such other factors, including risk factors, discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2010. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Contact Information:

Paul Dircksen, Executive Chairman

Randy Hardy, CEO
Phone: 208.664.4859 

 

 

 

Timberline Resources Corporation

DEVELOPMENT STAGE
CODE : TLR
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Timberline Res. is a gold exploration company based in United states of america.

Timberline Res. holds various exploration projects in USA.

Its main assets in development are SOUTH EUREKA and LOOKOUT MOUNTAIN in USA and its main exploration properties are SOUTH RATTO RIDGE, SECRET CANYON, ICBM, EAST BULL, LUCKY LUKE, MINTON PASS, STANDARD CREEK, SANTA ROSA CALIFORNIA, WINDFALL-HOOSAC and BUTTE HIGHLANDS in USA.

Timberline Res. is listed in United States of America. Its market capitalisation is US$ 3.2 millions as of today (€ 2.9 millions).

Its stock quote reached its highest recent level on August 26, 2011 at US$ 9.96, and its lowest recent point on December 21, 2018 at US$ 0.05.

Timberline Res. has 36 027 819 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Timberline Resources Corporation
Annual report 2007
Financings of Timberline Resources Corporation
3/3/2011(Lookout Mountain)Closes $5-Million Offering, Fast-Track Exploration to Contin...
2/28/2011Announces US$5 Million Offering of Common Stock
Nominations of Timberline Resources Corporation
10/3/2009Appoints Executive Chairman and Nears Completion of 2009 Sur...
Financials of Timberline Resources Corporation
8/10/2010Announces Third Quarter 2010 Financial Results
8/15/2009Third Quarter Financial Results, Consolidated Profit, Contin...
5/14/2009Announces Second Quarter Financial Results, Provides Operati...
2/17/2009Announces First Quarter Financial Results and Provides Corpo...
Project news of Timberline Resources Corporation
1/26/20168:24 am Timberline Resources provides corporate update, will...
4/20/20158:35 am Timberline Resources announces positive drill result...
4/6/2011Drills 10.2 metres of 56.5 g/t Gold (33.6 Feet of 1.65 opt) ...
3/23/2011(Lookout Mountain)Completes Successful Drill Program at Lookout Mountain
5/6/2010(Butte Highlands)Submits Operating Permit Application for Butte Highlands Joi...
4/7/2010(Butte Highlands)Advances Toward Underground Drilling at Butte Highlands
11/18/2009(Butte Highlands)Announces Positive Metallurgical Test Results From Its Butte...
9/25/2009(Butte Highlands)Provides Economic Update on Butte Highlands Gold Project, An...
8/25/2009(Butte Highlands)Receives Permit to Begin Development at its Butte Highlands ...
8/14/2009(South Doughstick)Reports Independent NI 43-101 Uranium Resources on South Do...
1/12/2009(Butte Highlands)Receives Positive Hydrogeologic Test Results at Its Butte Hi...
Corporate news of Timberline Resources Corporation
7/11/2016Timberline Resources Adds Finance and Development Expertise ...
6/14/2016Timberline Resources Closes Second Tranche of Equity Financi...
5/31/2016Timberline Resources Closes First Tranche of Equity Financin...
5/27/2016Timberline Resources Announces Increase to Private Placement
5/16/2016Timberline Announces Second Quarter 2016 Financial Results
5/11/2016Timberline Resources Announces Private Placement Offering of...
5/2/2016Timberline Resources Announces Resignation of Director
2/1/2016New Jersey Mining Company Completes Purchase of 50-Percent I...
1/26/2016Timberline Resources Announces Asset Sale and Provides Corpo...
1/26/2016Timberline Resources Receives Audit Opinion with Going Conce...
1/26/2016New Jersey Mining Company Signs Binding Letter of Intent to ...
1/19/20163:17 am Timberline Resources confirms audit opinion with 'Go...
1/16/2016Timberline Resources Receives Audit Opinion With Going Conce...
1/13/20168:03 am Timberline Resources appoints Steven Osterberg as ne...
10/12/2015Timberline Announces Positive Final Decision by US Forest Se...
9/23/2015Timberline Resources Announces Closing of Non-Brokered Priva...
9/15/2015Timberline Announces Non-Binding Letter Agreement for Acquis...
8/10/201510-Q for Timberline Resources Corp.
8/7/2015Timberline Announces Third Quarter 2015 Financial Results
5/16/201510-Q for Timberline Resources Corp.
4/20/2015Timberline Completes Successful Eureka Drill Program
4/1/2015Timberline Closes Transaction to Acquire Talapoosa Project O...
3/18/2015Timberline Announces Positive Decision on Butte Highlands Mi...
3/17/2015Timberline Acquires Option For 100% of Talapoosa Project in ...
2/16/2015Timberline Announces First Quarter 2015 Financial Results
2/13/2015Timberline Announces First Quarter 2015 Financial Results
2/13/201510-Q for Timberline Resources Corp.
2/12/2015Timberline Resources Announces New Board Appointment
1/27/2015Timberline Announces Authorization for Construction and Oper...
1/14/2015Timberline Resources Drilling Identifies New Zone of Gold Mi...
12/29/2014Timberline Resources Announces 2014 Financial Results
12/23/2014Timberline Resources Announces 2014 Financial Results
12/22/2014Timberline Announces Release of Final EIS for Butte Highland...
12/19/2014Timberline Resources Enhances Management Team with New Chief...
12/18/2014Timberline Resources Commences Drilling at Eureka
11/25/2014Timberline Resources Receives NYSE MKT Compliance Letter
10/24/2014Timberline Announces Terms of Reverse Stock Split
10/20/2014Timberline Releases Schedule for Publication of Final Enviro...
4/20/2011(Butte Highlands)Reports Additional High-Grade Intercepts from Underground Dr...
8/4/2010Commences Drill Program at South Eureka Project in Nevada
7/26/2010Joins Russell Microcap Index
6/25/2010Announces Extension of Due Date on Convertible Loan
6/1/2010Shareholders Approve Acquisition of Staccato Gold Resources
5/24/2010Staccato Securityholders Approve Acquisition by Timberline R...
5/5/2010Updates Progress on its Acquisition of Staccato Gold Resourc...
3/23/2010Agrees to Acquire Staccato Gold with Potential Near-Term Nev...
3/8/2010Advances Underground Development at Butte Highlands
5/1/2008Approved for Listing On the American Stock Exchange
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AMEX (TLR)
0.090+12.50%
AMEX
US$ 0.090
02/08 15:59 0.010
12.5%
Prev close Open
0.080 0.130
Low High
0.090 0.130
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.090 -%
Volume 1 month var.
1,400 -%
24hGold TrendPower© : -6
Produces
Develops Gold
Explores for Copper - Gold - Lead - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
201950.00%0.130.06
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.12-0.77%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.38+0.85%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.37+2.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+1.36%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70+0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.35+3.09%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.28+5.77%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.35+4.48%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.08+3.48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 61.83-5.68%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :