Timberline Resources Corporation

Published : April 20th, 2011

Reports Additional High-Grade Intercepts from Underground Drilling at Butte Highlands

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold Production | Idaho |
Home | Corporate | Projects | Investors | News & Events | Timberline Drilling | Contact Us
Timberline Resources
 

Timberline Reports Additional High-Grade Intercepts from Underground Drilling at Butte Highlands

 
Coeur d'Alene, Idaho - April 20, 2011 - Timberline Resources Corporation (NYSE Amex: TLR; TSX-V: TBR) ("Timberline" or the "Company") today announced additional results from underground drilling at the Butte Highlands Gold Project in southwestern Montana.
 
The planned 86-hole, 49,500-foot (15,000-metre) program is designed for detailed delineation of the mineralization and underground mine planning. Timberline holds a 50-percent interest in the project, which is under development and scheduled to begin gold production in early 2012.
 
Twelve intervals with gold grades greater than 0.10 opt (3.42 g/t) were identified within the nine new holes reported today. Highlights included Hole BHUG11-011 which contained a 13.8 foot (4.2 metre) interval grading 0.37 ounces per ton (opt) (12.7 grams per tonne (g/t)), including a 4.0 foot (1.2 metre) interval grading 1.13 opt (38.7 g/t), and BHUG11-013 which contained an 11.9 foot (3.6 metre) interval grading 0.31 opt (10.6 g/t), including a 2.9 foot (0.9 metre) interval grading 1.01 opt (34.6 g/t).
 
Paul Dircksen, Timberline's President and CEO, said, "We are very pleased with our drilling to-date at Butte Highlands. Once this program is finished, we plan to compile the results into our comprehensive mining plan, complete the necessary underground development, and begin gold production."
 
All of the newly reported holes were drilled in the main portion of the Old Mill Block from underground Drill Station DS-3. (Intervals are reported relative to DS-3.) Drilling has focused on the upper portion of the "Old Mill Block", which has overall dimensions of approximately 275 feet (84 metres) along strike, 1100 feet (335 metres) down dip, and a mineralized thickness of 8 to 15 feet (2.5 to 4.5 metres). Highlights from past and current drilling in the Old Mill Block at Butte Highlands include gold intercepts of 10 feet of 7.88 opt (3.1 metres of 269.86 g/t), 33.6 feet of 1.65 opt (10.2 metres of 56.51 g/t), 14.3 feet of 2.37 opt (4.4 metres of 81.16 g/t) and 33.6 feet of 1.65 opt (10.2 metres of 56.5 g/t) including 5 feet of 10.45 opt (1.5 metres of 357.9 g/t).  
 
The following table summarizes all drill intervals received to date that exceed 0.1 opt gold. Figures showing the drill program in plan view may be seen on Timberline's web site at http://www.timberline-resources.com/main.php?page=196
Current drill results from the Old Mill Block include:
 
 
Drill Hole
 
From
(feet)
Length
(feet)
Gold
(opt)*
From
(metres)
Length
(metres)
Gold
(g/t)*
BHUG11-009
266.1
3.6
0.15
81.1
1.1
5.14
BHUG11-009
271.2
3.5
0.12
82.7
1.1
4.11
BHUG11-009
496.2
10.0
0.10
151.2
3.1
3.42
including
496.2
5.0
0.12
151.2
1.5
4.11
BHUG11-010
345.6
9.9
0.13
105.3
3.0
4.45
including
345.6
5.4
0.18
105.3
1.7
6.16
BHUG11-010
488.0
15.5
0.15
148.7
4.7
5.14
including
493.0
10.5
0.20
150.3
3.2
6.85
or
498.6
4.9
0.38
152.0
1.5
13.01
BHUG11-011
184.9
13.8
0.37
56.4
4.2
12.67
including
188.8
4.0
1.13
57.6
1.2
38.70
BHUG11-012
289.3
1.8
0.11
88.2
0.6
3.77
BHUG11-012
307.1
4.3
0.11
93.6
1.3
3.77
BHUG11-013
468.8
11.9
0.31
142.9
3.6
10.62
including
474.5
2.9
1.01
144.6
0.9
34.59
BHUG11-013
535.7
5.0
0.27
163.3
1.5
9.25
BHUG11-015
321.5
9.6
0.19
98.0
2.9
6.51
including
321.5
7.0
0.26
98.0
2.1
8.90
including
325.2
3.3
0.49
99.1
1.0
16.78
BHUG11-017
310.3
2.8
0.12
94.6
0.9
4.11
 
* Troy ounces per ton (opt) and grams per tonne (g/t)
 
Additional results from the ongoing program at Butte Highlands are expected shortly and will be reported by the Company as they are received.

Timberline holds a 50-percent interest in the Butte Highlands Joint Venture which is targeted to commence gold production in early 2012. Timberline's JV partner, Highland Mining, LLC is funding all project development costs, with Timberline's 50-percent share of costs to be paid out of proceeds from future mine production. A feasibility study has not been completed at Butte Highlands, and there is no certainty the proposed operation will be economically viable. Photos and videos of development progress at Butte Highlands, along with other additional project information, can be seen at http://www.timberline-resources.com/main.php?page=167..
 
Butte Highlands is located within a favorable geologic domain that has hosted several multi-million ounce gold deposits including Butte, Golden Sunlight, Montana Tunnels, and Virginia City. The property was extensively drilled by Battle Mountain Gold, Placer Dome, ASARCO, and Orvana Minerals in the 1980s and 1990s.   
 
Paul Dircksen is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision.  The Timberline sampling and analysis program included an industry standard QA/QC program. After photographing, core logging and cutting the sample intervals in half, the samples were shipped to ALS Chemex Laboratories in Elko, Nevada for preparation. The prepared pulps were then forwarded by ALS Chemex to their lab in Sparks, Nevada or their lab in Vancouver, BC Canada for analysis. The samples were analyzed for gold using a standard 30g fire assay with an AA finish. Samples returning a gold value in excess of 10 ppm were re-analyzed using a 30g fire assay with a gravimetric finish.
 
About Timberline Resources
 
Timberline Resources Corporation is exploring and developing advanced-stage gold properties in the western United States.  The Company is primarily focused on the goldfields of Nevada, where it is advancing its flagship Lookout Mountain Project toward a production decision while exploring a pipeline of quality earlier-stage projects at its South Eureka Property and elsewhere.  Timberline also features a 50-percent carried-to-production interest at its Butte Highlands Joint Venture where gold production is slated to commence early in 2012.  Timberline management has a proven track record of discovering economic mineral deposits and developing them into profitable mines.  The Company also holds Timberline Drilling, a wholly-owned subsidiary that provides diamond drilling services and cash flow from underground and surface contract drilling operations.

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 timing or results of the Company's drill program at Butte Highlands, the timing of assay results from such drilling program being released, the Company's 50/50 joint venture with Highland Mining LLC, the 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 for the South Eureka technical report and PEA, results of the Company's drilling subsidiaries, possible growth of the Company and the Company's expected operations. 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, such 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, 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 0.58-1.69%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$ 0.26-11.86%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 $340 Million of Non-Core Asset Sales
US$ 65.55+1.69%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 :