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Timberline Resources Corp.
Summary
| Project: | Elder Creek | |
|---|---|---|
| Deposit: | Elder Creek | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Gold-Silver | |
| Date: | 1/8/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-1-2020: Timberline Resources Corp. announces an Exploration/Drilling Update report for its Elder Creek deposit at the Elder Creek project. Drilling results incl. 93.0m @ 0.25% Cu, 122ppm Mo, 0.083g/t Au, 9g/t Ag from 76.2m. Coeur d’Alene, Idaho – Januar | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Osterberg (Internal) | |
| ABSTRACT: | Coeur d’Alene, Idaho – January 8, 2020 – Timberline Resources Corporation (OTCQB: TLRS; TSXV: TBR) (“Timberline” or the “Company”) reports that it drilled a long interval of copper-silver porphyrystyle mineralization in the initial test of the Morning Glory Hill target at the Elder Creek project in the Battle Mountain district of Nevada. Reverse circulation (“RC”) hole RCEC 19-05 intercepted 305 feet (ft) (93 meters (m)) grading 0.25% Cu, 0.08 g/t Au, and 9 g/t Ag and bottomed in mineralization at 555 ft (169 m) because of limitations of the drill rig within intensely silicified rock. Additionally, three RC holes further delineated a broad area of thick, near-surface copper oxide mineralization at the Valmy Pit target area of the project. Timberline has the right to acquire a 65% interest in the 16 square mile (41 km2) Elder Creek property through an earn-in agreement with McEwen Mining Inc. The Company is actively seeking a strategic partner for Elder Creek. Steven Osterberg, Timberline’s President and CEO commented, “The recently-completed drill holes at Elder Creek further define a large mineralized copper-gold-silver porphyry system with multiple intrusive and mineralizing events. We have already identified six priority target areas over only a small portion of the porphyry system. Three of these targets have been tested by initial drill holes, most of which bottomed in long intervals of porphyry-related mineralization. Elder Creek is a unique opportunity for a significant discovery in an active mining jurisdiction with excellent infrastructure.” | |
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