This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Timberline Announces Exploration Drill Results From Butte Highlands

COEUR D'ALENE, Idaho, Sept. 22, 2010 (GLOBE NEWSWIRE) -- Timberline Resources Corporation (NYSE Amex:TLR) (TSX-V:TBR) ("Timberline" or the "Company") today announced initial drill results from the first phase of its surface exploration drilling at the Butte Highlands Joint Venture Property.

The initial part of Timberline's seven-hole, 7,000 foot (2,134 meter) surface exploration program was designed to test the upper extension of the known Butte Highlands mineralization in the area of historic drill hole BH88-5, which was drilled by a previous operator and contained an intercept of 10 feet (3 metres) from a depth of 170 feet to 180 feet (52 to 55 metres) grading 0.31 ounces per ton gold (opt Au) (10.6 grams per tonne (g/t)). This phase of the surface drilling program consisted of two holes approximately 120 feet (37 metres) to the southeast of that historic drill intercept.

BHDDH 10-01 was designed to intercept the mineralized horizon approximately 120 feet (37 metres) to the southeast and at the same elevation as the historic intercept. It penetrated the contact zone but encountered only weakly mineralized diorite where the mineralized horizon was expected. 

BHDDH 10-02 was drilled from the same site at a steeper angle and was designed to intercept the mineralized zone 120 feet (37 metres) to the southeast and 130 feet (40 metres) down dip of the historic intercept. It encountered mineralization in a 10-foot (3-metre) intercept from a depth of 262 feet (80 metres) to 272 feet (83 metres) grading 0.383 opt Au (13.1 g/t), including 4.4 feet (1.3 metres) grading 0.768 opt Au (26.3 g/t). This intercept extends the mineralized zone identified by the historic intercept by approximately 120 feet (37 metres) downdip to the southeast.

Paul Dircksen, Timberline's Executive Chairman, said, "The extension of mineralization is both encouraging and important, and will complement our understanding and planning for production at the Butte Highlands Joint Venture Property. We will incorporate this new data into our future calculations and modeling of the mineralization." 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TLR $0.14 -5.33%
AAPL $94.27 -0.76%
FB $101.00 1.47%
GOOG $684.12 0.89%
TSLA $143.67 -3.09%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs