Timberline Resources has issued a notice of default to PM & Gold Mines, Inc. pursuant to terms of the Lookout Mountain Joint Venture Agreement. The Agreement allows PM&G to earn an initial 51% interest in the project by funding $6 million in work expenditures over a 2-year period, of which $3 million was to have been expended during the first year [...]
Timberline Resources announced that its first two drill holes at the Paiute project in the Battle Mountain district of Nevada intercepted long intervals of disseminated gold mineralization in granodiorite porphyry and contact metamorphosed sandstone. Both reverse circulation holes were terminated in mineralized, hard, silicified rock because of [...]
Timberline Resources reports that it drilled a long interval of copper-silver porphyry-style mineralization in the initial test of the Morning Glory Hill target at the Elder Creek project in the Battle Mountain district. Reverse circulation hole RCEC 19-05 intercepted 305 feet grading 0.25% Cu, 0.08 g/t Au, and 9 g/t Ag and bottomed in [...]
Timberline Resources announces that drilling has commenced at the Paiute and Elder Creek Projects in the Battle Mountain District of Nevada. Paiute is a Joint Venture with Nevada Gold Mines in Nevada, where the Company currently owns approximately 75% of the project. Drilling at Paiute will target both a broad corridor of structurally-controlled [...]
Timberline Resources is pleased to announce that Mr. William Matlack has joined the Company's Board of Directors. Mr. Matlack is a veteran geologist and metals and mining investment banker with Scarsdale Equities LLC. Over his 20-year career in the mining industry, working primarily with Santa Fe Pacific Gold Corp. and Gold Fields, Mr. Matlack was [...]
Timberline Resources announced that it has received final approval from the TSX Venture Exchange for and has closed its previously announced non-brokered private placement by issuing 7,500,000 units for a total of US$600,000. The Offering, which was initially announced on October 9, 2019 initially consisted of up to 6,250,000 units at a price of [...]
Timberline Resources announced today that it has initiated a non-brokered US$500,000 private placement offering of units of the Company at a price of US$0.08 per Unit, with an option to increase the offering by up to 20%, solely to persons who qualify as accredited investors under Rule 506 of Regulation D promulgated by the SEC under the Securities [...]
Timberline Resources reports that exploration has commenced on its Lookout Mountain, Nevada joint venture project with PM & Gold Mines. As previously announced , PM&G can earn an initial 51% interest in the project by funding US$6 million over a 2-year period. Past core and rotary drilling have partially delineated a NW-SE trend of high-grade [...]
Timberline Resources announced consolidated financial results for its third fiscal quarter and the nine months ended June 30, 2019. The Company reported cash of $114,322 as of June 30, 2019 and consolidated net losses of $519,841 million for its third quarter and $1,287,418 million for the nine-month period, including exploration expenditures of [...]
Timberline Resources announced that it has received final approval from the TSX Venture Exchange for its Lookout Mountain Joint Venture Agreement with PM & Gold Mines, Inc. as previously announced by news release on July 11, 2019. The Company also announced that it has received final approval from the Exchange to close the final tranche of its [...]
Timberline Resources announces that, further to its news release of May 9, 2019, it has entered into a joint venture with PM&Gold Mines, Inc. whereby the JV Partners formed a limited liability company to conduct operations on the Company’s Lookout Mountain Project in Nevada pursuant to a limited liability company agreement. Pursuant to the Agreement, PM&G can earn an initial 51% interest in the project, which is located on the southern end of the Battle Mountain-Eureka Trend, by expending US$6 million on exploration and development over a 2-year period, as further described below. In connection with the Agreement and subject to TSX Venture Exchange approval, further to Timberl... [...]
Timberline Resources today announced results of recently completed Phase 2 drilling at the Elder Creek porphyry copper-molybdenum-gold-silver project in Nevada’s Battle Mountain mining district. Reverse circulation hole RCEC19-01 was drilled to a depth of 1,960 feet to target the heart of the IP/resistivity geophysical anomaly identified in December, 2018. RCEC19-01 intercepted approximately 590 feet of intensely stockwork quartz-veined, altered Harmony Formation quartzite and hornfels and an underlying thick section of 1,361 ft of intensely-altered, quartz-feldspar, variably porphyritic intrusive rock . Alteration of the intrusion is dominated by quartz-sericite with variable chlorite and biotite. Porphyry sty... [...]
