This Day On The Street
Continue to site
ADVERTISEMENT
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 Intercepts Additional High-Grade Gold At Butte Highlands

COEUR D'ALENE, Idaho, Oct. 29, 2010 (GLOBE NEWSWIRE) -- Timberline Resources Corporation (NYSE Amex:TLR) (TSX-V:TBR) ("Timberline" or the "Company") today announced final drill results for its 2010 surface exploration drill program at the Butte Highlands Joint Venture Property in Montana.

The seven hole drill program included three holes within the mineralized envelope currently under development, while four holes were drilled outside the envelope to test potential eastern extensions of the mineralized zone.

Drill hole BHDDH10-07 returned a significant intercept of 43.2 feet averaging 0.82 ounces per ton (opt) (13.2 metres at 28.1 grams per tonne (g/t)) gold including 2.2 feet grading 15.24 opt (0.7 metres of 521.9 g/t) gold.

This hole indicates a bonanza grade zone within the current mineralized area and could represent some of the initial production, which is expected to commence in Q3/Q4 2011. Additional drill holes within the zone demonstrate a strike distance of continuous bonanza gold grades of nearly 200 feet (61 metres) and include the following historical drill results:
       
Hole ID Interval Gold Grade Location
BH93-2 10.0 feet (3.0 metres) 7.88 opt (269.9 g/t) 40 feet (12.2 metres) east of BHDDH10-07
BH93-11 14.0 feet (4.3 metres) 0.78 opt (26.7 g/t) 42 feet (12.8 metres) east of BHDDH10-07
BH93-12 14.7 feet (4.5 metres) 0.77 opt (26.4 g/t) 45 feet (13.7 metres) west of BHDDH10-07
BH96-5 8.0 feet (2.4 metres) 0.98 opt (33.6 g/t) 152 feet (46.3 metres) west of BHDDH10-07

This zone will be in-fill drilled from underground drill stations during the Butte Highlands Joint Venture Definition Drill Program to commence during the final quarter of this year.

1 of 4

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,752.93 +133.42 0.76%
S&P 500 2,076.47 +13.36 0.65%
NASDAQ 5,019.8840 +33.0170 0.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs