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TLRS: effective Aug. 22,2024 Pursuant to a plan of arrangement involving Timberline Resources Corporation ("Timberline"), McEwen Mining Inc. ("McEwen") and Lookout Merger Sub, Inc., a direct, wholly owned subsidiary of McEwen, each holder of shares of common stock of Timberline (each, a "Timberline Share") will receive 0.01 of one share of common stock in the capital of McEwen in exchange for each Timberline Share held.
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
I am in with 5,000 shares to start ... Looks like great prospects here for us patient folks!!!
GLTA - Shermann
“$1,600 is going to be a footnote…I think gold is going to $2,500, $3,000/oz in the 2020s because the climate, the landscape for gold is so hugely supportive.” – Paul Schatz, President of Heritage Capital
“Once the CV-19 economic crisis is well defined and health issues are mitigated, the economy should have a good base to perform well. Negative interest rates will likely be the order of the day for a long time, which makes gold relatively cheap to hold. And, since and it is nobody's liability, which is quite opposite to government paper which will be issued to support all the spending needed by the trillions to fund the various stability programs throughout the G7, gold has a clear path towards $2,000/oz.” – Bart Melek, Head of Global Strategy TD Securities
The Windfall Trend (historic production of 114,000 ounces Au) has seen less modern exploration than the Lookout Mountain Trend. During 2020 and early 2021, Timberline increased its efforts to compile historic drilling data, geologic mapping, and geophysics at Windfall. The team also conducted limited geologic mapping around the historic pits and along trend (Figure 4). A single IP test line surveyed in 2020 also focused attention on the target's potential. The historically mined mineralization and existing drill intercepts at Windfall occur in a closely analogous stratigraphic and structural setting to the Lookout Mountain Deposit.
Gold is concentrated along moderate to steeply dipping faults and along contacts within the Cambrian and Silurian-Devonian age stratigraphy (Figure 2). Clustered, high grade intercepts with nearby long intercepts of ≥1 g/t oxide gold (Table 1) occur at the Water Well - North Lookout, South Lookout, and Rocky Canyon Zones (Figures 1 and 3). Isolated, higher grade drill intervals are present throughout the Lookout Mountain Trend, including the more advanced South Adit Zone. These areas are all inadequately drilled.
Additionally, drilling has documented a much larger footprint of mineralization that extends two kilometers to the north and nearly four kilometers to the south of the Lookout Pit, while also covering at least one kilometer in an east-west direction. The 2020 drill program probed eastward into the Graben Zone from the resource area (Figure 2). Historic drilling and geophysics suggested the presence of important structures and alteration at depth. A strong IP anomaly was reported in February 2021, the periphery of which was documented by 2020 core drilling to host abundant pyritic and carbonaceous breccia containing anomalous gold, silver, lead, and zinc (see Company news releases dated February 3, 2021 and March 25, 2021 at http://timberlineresources.co/press-releases).
High grade gold is present along the Lookout Mountain trend in stratigraphic and structural settings known to host significant CT gold mineralization elsewhere in the Battle Mountain-Eureka Trend (Figure 2). The resource around the historic Lookout Mountain Open Pit has been the focus for most of the drilling dating back almost 20 years. This is largely due to the significant near-surface high-grade gold that has been documented in and around the pit, such as the 15.24m of 10.09 g/t oxide gold reported by Timberline in December 2020.
The 2020 district exploration program included geologic modeling, geophysics (IP and gravity), and a drill program that advanced several exploration targets along the Lookout Mountain Trend, the Windfall Trend, and the Oswego Target (Figure 1). However, drilling in 2020 was limited to the area around the historic Lookout Mountain Open Pit and eastward step-outs.
"We have significantly advanced our understanding of the higher-grade gold at Eureka. In 2020, we saw the interplay of favorable host rocks with structure and collapse breccias, yielding near-surface high-grade, oxide gold in drilling. Last year's geophysics and drilling identified several key structures, which we are now developing into prime targets for more drilling", commented Patrick Highsmith, Timberline's President and CEO. "We are planning for a very significant exploration program in 2021, focusing on high-value targets that build on the higher-grade portions of the Lookout Mountain Resource."
Timberline Resources Corporation (OTCQB:TLRS)(TSXV:TBR) ("Timberline" or the "Company") announces exploration plans for the 2021 field season at its 100%-controlled Eureka Project in Nevada. The plans are built upon historic work and results from the 2020 program that improved understanding of district and local controls on high grade (≥ 3 g/t) gold. The plan for 2021 features approximately 6,000 meters of drilling, 20 line-kilometers of Controlled-Source Audio Magnetotellurics (CSAMT), and 30 line-kilometers of IP/Resistivity (IP) along with geologic mapping and 3D modeling. The Lookout Mountain resource will be tested for expansion in three areas having drill holes with intercepts of high-grade Carlin-type (CT) gold. Drilling is also being considered on the Company's patented claims at the historic Windfall Mine where previous drilling intercepted high-grade gold. The Oswego Target will be advanced to follow-up on historic surface sampling, which included 85.7m @ 12.38 g/t gold in outcrop (see Company news release dated June 12, 2018 at http://timberlineresources.co/press-releases).
Yes hopefully more good PRs soon
In the most recent press release" Timberline Announces Results of Annual General Meeting of Shareholders "
That was good news on behalf of the company.
It reafirmed my decision in my investment.$$
corporate presentation https://timberlineresources.co/corporate-presentation/
Copper is anomalous primarily in the southeast part of the property block and has been noted in historic drillhole 96-5.
The major trend of gold mineralization at Paiute is definable from soil and rock data along the N10°-20°E structural zone and fault-controlled quartz-sericite-pyrite alteration that extends through the center of the project area. There is a moderate spatial correlation between gold, silver and arsenic within the structural zone. A large area of anomalous silver also occurs in the south-central part of the claim block.
Total field magnetics shows a strong donut-shaped magnetic anomaly at Paiute. These features are similar to those at many porphyry copper deposits. The cause of the magnetic high has not been documented in the Paiute project area.
In the Paiute area, the Harmony Formation is intruded by seven Cretaceous to Tertiary age felsic porphyritic intrusives as high level plugs, stocks, dikes and sills. Thermal metamorphism associated with the intrusions produced hornfels, quartzite and skarn in the Harmony Formation sediments.
A series of en echelon structures and sub-parallel faults define a strong N 10-20° E – striking structural zone through the central part of the property that extends approximately 16,500 feet in length and up to 1,500 feet in width. Secondary northwest and north-striking faults cut the northeast-striking structures. Locally, the structures are occupied by granodiorite porphyry dikes. The structures are typically altered and mineralized.
Hydrothermal alteration associated with the intrusions consists of argillization, silicification, and quartz veining/stockworks that are accompanied by zones of hydrous iron oxides as fracture fillings, disseminations, and occasional gossans. Chlorite + actinolite occur locally within quartz veins. Quartz veining occurs throughout the project area and increases in intensity within the alteration zones.
In the western part of the Paiute area, the Dewitt Thrust Fault places Ordovician Valmy Formation cherts and shales on top of Cambrian Harmony Formation quartz- and feldspathic-sandstones and shales, which are locally calcareous. Faults at Elder Creek dip steeply, strike north-northwest to north-northeast and show normal and oblique-slip offset. The Elder Creek Fault indicates normal, down-to-the- west movement.
The Battle Mountain district has been a source of base and precious metal production since the late 1800’s. Several companies have explored and/or developed mines in the district since the 1960s including: Duval Corporation, Battle Mountain Gold Company, LAC Minerals, Pathfinder Exploration and Newmont.
The Battle Mountain mining district currently includes 3 producing mines and 1 copper-gold development project including:
Newmont’s
Lone Tree Gold Mine
Phoenix Gold & Copper Mine
Copper Basin Copper-gold development
SSR Mining’s Marigold Mine Complex
Paiute is located in northern Nevada, approximately 6.5 miles west of Battle Mountain near the northern end of the Battle Mountain-Eureka Trend, one of Nevada’s prolific mineral belts. The project area sits within the Battle Mountain mining district and covers approximately 1,343 acres in a total of 65 unpatented Bureau of Land Management (BLM) mining claims.
Infrastructure is excellent at the project site with interstate highway and railroad immediately adjacent to the property, and high voltage power to the immediate north.
Timberline is the operator of the JV. There are no earn-in work expenditure requirements.
Yes should bounce nicely on volume soon
Management believes that the district has the potential to host a large precious metals system similar to the high-grade gold and silver veins of Japan’s world-renowned Hishikari epithermal gold mine.
Exploration data generated since 1977 by several operators including Newmont and Teck includes 111,565 feet (34,005 metres) of rotary drilling from 159 holes, 11,501 feet (3,505 metres) of core from five holes, extensive geochemical and geophysical data, and surface geologic mapping. A considerable database of district activity was included in the purchase and is expected to contribute to the development of several drill targets.
The Seven Troughs district is recognized as yielding some of the highest gold production grades in Nevada history. Small-scale operations from the district in the early 20th century reportedly produced about 150,000 tons of ore grading approximately 1.20 ounces of gold per ton (opt) (41.1 grams per tonne) (g/t) and 4.0 opt (137 g/t) silver.
Since June 2012, Timberline controls a large property block of patented and unpatented mining claims comprising essentially the entire Seven Troughs gold mining district near Lovelock in Pershing County, Nevada.
The purchased property package covers 4,100 acres, consisting of 64 patented and 238 unpatented lode mining claims, all of which are under a long-term lease agreement, along with 162 additional unpatented lode mining claims. The leased portion of the property package requires no lease payments or work commitments from Timberline.
lot of protests all over the world lately
expecting worldwide events this year unfortunately but could be very good for gold
yes anything is possible
Some financial institutions have piped up. Citigroup slapped a target of $2,500 on gold during 2021. That would be a huge improvement from current levels, and as we saw in 2020 with gold's explosive jump, anything is possible.
In 2020, gold saw a major breakout that sent its price to a record peak of $2,089/oz. this past August.
Eureka Property
Carlin-type gold system with historic gold production (1970’s— 1980’s) exceeding 133,000 ounces
23 mi2 District-scale property south of 2-plus M oz Archimedes Mine (Barrick)
Drill-indicated gold from >500 drill holes illustrates substantial opportunity for property-wide gold resource increase
INVESTMENT HIGHLIGHTS
Nevada, a top-ranked mining investment jurisdiction Prolific Battle Mountain-Eureka Trend
Gold ± copper drill discoveries in 3 projects
Tight capital structure: 75 M shares I&O
10/8/2020 09/15/2020
08/31/2020 08/13/2020
Timberline appoints Patrick Highsmith as President, CEO, and Director
Timberline welcomes Dr. Quinton Hennigh to Board of Directors and announces Eure-
Timberline Resources Closes US$3.7 Mil- lion Private Placement
Timberline Announces $3.7 Million Private Placement
28.4% Management and Director ownership Experienced Management and Board
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