Timberline Resources Corporation

Published : February 13th, 2015

Timberline Announces First Quarter 2015 Financial Results

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Timberline Announces First Quarter 2015 Financial Results

COEUR D'ALENE, IDAHO--(Marketwired - Feb 13, 2015) - Timberline Resources Corporation (NYSE MKT:TLR)(TSX VENTURE:TBR) ("Timberline" or the "Company") today announced consolidated financial results for its first fiscal year 2015 quarter ended December 31, 2014. A summary of selected financial results is presented in the following table:

($US 000's, except earnings per share) Quarter Ended December 31,
2014 2013
Consolidated net income (loss) $ (689 ) $ (509 )
Consolidated net income (loss) per share, basic and diluted (0.07 ) (0.08 )
Mineral exploration expenses 242 164
Working capital 2,167 168

Timberline reported a consolidated net loss of $689 thousand for the quarter ended December 31, 2014, including exploration expenditures of $242 thousand. The Company's exploration expenditures during the quarter were primarily related to permitting and drilling activities, including an archeological study at the Company's Eureka property in Nevada. Drilling of higher grade, deeper targets within a recently identified new gold zone at Lookout Mountain, along with infill drilling at Windfall, is expected to continue at Eureka in 2015, along with continued metallurgical testing. Results are expected to support the Company's future advancement of Eureka. Limited exploration expenditures were related to geologic field work at the Seven Troughs gold project in Nevada.

Timberline's President and CEO, Kiran Patankar, said, "We continue to prudently plan and execute exploration programs designed to upgrade and increase the Company's overall gold resources. Our continued focus on advancing exploration at our district-scale Eureka property in Nevada has recently resulted in the recognition of a new higher grade zone of gold mineralization, which represents a potential feeder system to our existing near-surface resources. We are also encouraged by the recent permitting milestones achieved by the Butte Highlands Joint Venture. Our team will continue to monitor and assess other potential opportunities to enhance shareholder value with projects that fit our business model."

About Timberline Resources

Timberline Resources Corporation is focused on advancing and developing its 23 square mile Eureka project lying on the Battle Mountain-Eureka gold trend in Nevada. The Company continues to advance the NI 43-101 resource of 508,000 ounces (M&I) and 141,000 ounces (Inferred) of gold at the Lookout Mountain project area in addition to advancing the exploration target of 180,000 - 200,000 ounces of gold at the Windfall project area into NI 43-101 compliance. Exploration potential across the project area is lying along three separate structural trends defined by distinct geochemical gold anomalies. The majority of the project area has yet to be drill tested. Historic production from heap leach mines took place at Lookout Mountain and Windfall mines, both located on the Company's Eureka property. Timberline also owns the Seven Troughs property in northern Nevada, known to be one of the state's highest grade, former producers, as well as a carried-to-production interest in the Butte Highlands high-grade underground gold project in Montana.

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

Mr. Steven Osterberg, Ph.D., P.G., Timberline's Vice-President of Exploration, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved disclosure of the technical contents of this news release.

(1) Refer to Updated Technical Report on the Lookout Mountain Project, MDA, Effective March 1, 2013, Filed on SEDAR April 12, 2013.

(2) Exploration target includes 6.9 m - 8.6 m tons @ .024 - .027 opt gold. The potential quantity and grade are conceptual in nature and there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target begin delineated as a mineral resource. A block model was established covering the length of the Windfall fault zone and gold grades were estimated using 10-foot down hole composites from drill data.

Cautionary note to U.S. investors concerning estimates of measured and indicated resources: This press release uses the terms "measured resources", "indicated resources" and "measured & indicated resources." We advise U.S. investors that while these terms are defined in and required by Canadian regulations, these terms are not defined terms under United States Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

Cautionary note to U.S. investors concerning estimates of inferred resources: This press uses the term "inferred resources". We advise U.S. investors that while this term is defined in and required by Canadian regulations, this term is not a defined term under SEC Industry Guide 7 and is normally not permitted to be used in reports and registration statements filed with the SEC. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally minable.

The Company's JV partner at Butte Highlands has decided that it may advance the project into production without first establishing mineral resources supported by an independent technical report or completing a feasibility study. A production decision without the benefit of a technical report independently establishing mineral resources or reserves and any feasibility study demonstrating economic and technical viability creates increased uncertainty and heightens economic and technical risks of failure.

Forward-looking Statements

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 Company's exploration at its Lookout Mountain project, advancement toward a low-cost heap leach operation, permitting success at Eureka and Butte Highlands, construction and operations at Butte Highlands, and potential future financing transactions. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, its subsidiaries, 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, risks related to risks related to its exploration projects, risks related to potential future transactions, risks related to the Company continuing as a going concern, and other such factors, including risk factors discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2013. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.

Read the rest of the article at finance.yahoo.com

Timberline Resources Corporation

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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.

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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...
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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
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