Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Don't like the S-8 filed today Gene.
Timberline Continues to Obtain Favorable Drill and Metallurgical Results at Lookout Mountain
Timberline Resources Corporation (TSX VENTURE: TBR)(NYSE Amex: TLR) ("Timberline" or the "Company") is pleased to report that the most recent results of the Company's drilling and metallurgical testing at Lookout Mountain continue to demonstrate significant mineralized intervals and excellent leach characteristics for the recovery of gold.
Hole number BHSE-037C returned a broad zone of gold mineralization that graded 0.032 opt (1.10 g/t) of gold over 167 feet (50.9 metres). Within that zone, the oxidized interval was 82 feet (25 metres) with a gold grade of 0.045 opt (1.54 g/t) and 85% gold recovery.
Seven surface core holes were drilled within the resource area to test gold recoveries. All material from the seven holes was submitted to Kappes,Cassiday & Associates (KCA) in Reno for qualitative metallurgical lab testing. As a precursor to full-scale column testing, the samples were analyzed using a NaCN shake test. The gold recovery from oxidized mineralization was excellent, ranging from 85.0% to 97.2%. These results serve as a preliminary indicator to the potential gold recovery, and the samples will be further tested by the column leach tests.
The Company also collected four bulk channel samples within the historic Lookout Mountain Pit for metallurgical testing. After a column leach time at KCA of only 14 days, the oxide samples have returned promising gold recoveries from 63% to 84%. Sulfide samples returned gold recoveries of approximately 43%. The column tests will run for approximately 30-60 days during which gold recoveries should continue to improve. The recoveries for the sulfide material are encouraging, and they represent only a small portion of the total resource which would be processed separately from the oxide material. While metallurgical testing in on-going, the oxide samples continue to demonstrate excellent gold recoveries, indicating lower processing costs and favorable economics for future production.
Paul Dircksen, Timberline's Executive Chairman and Vice-President of Exploration stated, "We continue to see very positive results from the drilling at Lookout Mountain. The excellent gold recoveries without the need for crushing are a very positive indicator for this type of sediment-hosted, widely-disseminated gold mineralization. It should be noted that the average gold recovery for heap leach gold operations in Nevada is 70%, so our preliminary results are very promising. Our drilling is nearly complete, and we expect to produce a 43-101 technical report with a compliant resource estimate in early March."
Significant drill results and gold recoveries include:
----------------------------------------------------------------------------
From To Length
Feet (ft) Feet (ft) Feet (ft) Gold Gold
Hole ID Metres (m) Metres (m) Metres (m) Grade(i) Recovery Comments
----------------------------------------------------------------------------
BHSE-026C 417 ft 471 ft 54 ft 0.033 opt
127.1 m 143.6 m 16.5 m 1.13 g/t 96.9% Oxide
----------------------------------------------------------------------------
BHSE-028C 277 ft 358 ft 81 ft 0.017 opt In
84.4 m 109.1 m 24.7 m 0.58 g/t Process Oxide
----------------------------------------------------------------------------
BHSE-029C 612 ft 646 ft 34 ft 0.024 opt Oxide /
186.5 m 196.9 m 10.4 m 0.82 g/t 58.5% Sulfide
----------------------------------------------------------------------------
BHSE-031C 52 ft 73 ft 21 ft 0.030 opt
15.9 m 22.3 m 6.4 m 1.03 g/t 89.0% Oxide
----------------------------------------------------------------------------
BHSE-031C 125 ft 235 ft 110 ft 0.015 opt
38.1 m 71.6 m 33.5 m 0.52 g/t 90.3% Oxide
----------------------------------------------------------------------------
BHSE-036C 27 ft 84 ft 38 ft 0.032 opt
8.2 m 25.6 m 11.6 m 1.10 g/t 94.7% Oxide
----------------------------------------------------------------------------
BHSE-036C 181 ft 192 ft 11 ft 0.048 opt
55.2 m 58.5 m 3.4 m 1.64 g/t 97.2% Oxide
----------------------------------------------------------------------------
BHSE-037C 362 ft 444 ft 82 ft 0.045 opt
110.3 m 135.3 m 25.0 m 1.54 g/t 85.0% Oxide
----------------------------------------------------------------------------
BHSE-043C 206 ft 228 ft 22 ft 0.019 opt
62.8 m 69.5 m 6.7 m 0.65 g/t 93.5% Oxide
----------------------------------------------------------------------------
(i) Troy ounces per ton (opt) and grams per tonne (g/t)
Paul Dircksen is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision. The Timberline sampling and analysis program included an industry standard QA/QC program. After logging and cutting or dividing the sample intervals in half, the samples were picked up by Inspectorate America Corporation and taken to their lab in Sparks, Nevada for analysis. The samples were analyzed for gold using a standard 30g fire assay with an AA finish. Samples returning a gold value in excess of 3 ppm were re-analyzed using a 30g fire assay with a gravimetric finish.
Looking for an entry...
Bidding 37
I smell a PR on the horizon.
The 50 currently @ 26.24
Slap it hard and slap it good!!!!!
I love this stock!!!!
Historically slow month for gold Gene. No worries.
Thanks for the answer Gene. Glad you are here bro.
Don't be jealous if you don't own zealous!!!
Will the sportsbook be up by this weekend? I'll take da bears ml.
Ride that top bollie boyz
Ride that 20 boyz
Looks like we're gonna test the 50 sometime this week.
Interesting.
If interested in Bears tickets, PM me. Biggest game EVER at Soldiers Field.
Watch minute 6. G-Reg, you rule!!!!!!
My radar. Waiting for confirmation.
Was Billy selling the last two days?
I actually spoke to management on the phone months ago. French I think if memory serves
Simple lithium good for many surprises
(PhysOrg.com) -- At first glance, lithium should be a simple atomic system. It is the lightest solid element and with just three electrons, it should exhibit simple, crystalline structures. However, an international team of scientists has shown that under high pressure, lithium “prefers” the liquid state, and that it turns out to be the elemental metal with by far the lowest melting point. At high pressure, lithium also undergoes a series of phase changes into surprisingly complex structures. The results of these experiments performed at the U.S. Department of Energy Office of Science’s Advanced Photon Source (APS) at Argonne, and at the European Synchrotron Radiation Facility (ESRF) in Grenoble, France, were published Nature Physics.
At ambient conditions, lithium forms rhombohedral crystals, which at higher temperatures and pressures transform to face-centered cubic and then body-centered cubic crystals – all three among the simplest known crystal structures. But what happens to lithium at very high pressures? In the past few years, intriguing deviations from simple metallic behavior were observed, for example a metal to semiconductor-transition and even superconductivity at 17K.
Nevertheless, the overall picture of the lithium phase diagram remained patchy, motivating a systematic study by researchers from The University of Edinburgh, the ESRF, and the Carnegie Institution of Washington who have mapped the lithium phase diagram at high pressures up to 1.3 Mbar, and over a wide temperature range between 77K and 300K.
Whereas the melting point of a material usually rises under pressure, and even the lightest gaseous elements, hydrogen and helium, melt at 1000K and 0.5 Mbar, lithium remains liquid at this pressure down to temperatures as low as 190K. This is by far the lowest melting temperature observed for any material at this pressure.
There are more surprises: Above 0.6 Mbar, lithium adopts three novel, complex crystal structures not previously observed in any element with 40, 88, and 24 atoms per unit cell. The most complex ones, with 40 and 88 atoms, were even never predicted theoretically. The scientists suggest that the overall appearance of the lithium phase diagram and particularly the anomalously low melting temperatures are due to quantum effects starting to play the dominant role at high compressions. They also speculate that a ground metallic liquid state, which has been predicted but never observed for hydrogen, and which should exhibit highly unusual properties, might be constructed on the basis of the lithium-rich compounds.
The experiments were carried out using powder diffraction and single-crystal diffraction at the ESRF High-Pressure Beamline ID09A, and at the High Pressure Collaborative Access Team (HP-CAT) 16-ID-B beamline at the APS, where, in addition, critical cryogenic techniques were refined.
The research team had to address several experimental challenges: handling a diamond anvil cell in a cryostat; ensuring a wide opening angle to allow for single-crystal diffraction; and last but not least, coping with the high reactivity of lithiumm in particular when in the liquid phase.
It would be nice if more shares at these levels would be available. Surprised 200K actually traded down here.
On radar
I'm ready for some 80's
Don't be jealous of GORO. Still plenty of $$$$ to be made. Sure some have already made 6 or 7 figures but GORO just getting started.
Don't be jealous of GORO. Still plenty of $$$$ to be made. Sure some have already made 6 or 7 figures but GORO just getting started.
CNBC video - Gold Resource Corp. CEO Shares Outlook
http://www.cnbc.com/id/15840232?video=1741686814&play=1
LMAO. Thanks Gene. Billy boy looks good on TV. Little nervous though. LOL. Gotta love the exposure!!!!
RBY owns a great property. Don't think you'll get filled anytime soon but I wish you luck.
Reverse split??? Is the company serious???? There already isn't enough liquidity here and they wanna do a 10:1 reverse split???? They should dump a bunch of shares IMO instead.
I wanna see $30 dammit!!!!!!!!!!!!!
I'm in at the $4.00 range. Right now, the chart does look good though. MACD (8,17,9) green is over red and the ten MA is over the 20. If you get in now, your first support is $5.5 range then the 50 MA at 5.06. Personally, I'd get in and average down if need be. If you are long like me, it won't matter. I'd grab a position somewhere and start trading of that position. To me, RBY looks poised for a strong run at the moment. Just remember to leave some cash in case you need to average down. Once gold gets moving north again, it won't matter though. We'll all be plenty in the green at these prices.
JMHO. GL.
GORO 29.40. Such an easy money maker. GORO a daytraders dream. I've flipped this stock at least 20 times since uplisting to AMEX. Surprised more Ihubbers don't. EZ $$$$$$$. Same pattern month after month after month. Oh well.
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Chile's government takes orders just like almost every other government in this world and when the US government tells them to do something, they listen.
FYI-reached my max of 30 posts on the MMTE board per day. Take care.
WASHINGTON (AFP) – A US government report on Wednesday called for urgent action to secure rare earth products at home and abroad, warning that the United States otherwise risked ceding the clean energy boom to China.
China produces more than 95 percent of the world's rare earths -- the elements, generally mined, that are crucial in products ranging from iPods to low-emission cars to turbines for wind power.
An Energy Department study predicted a "substantial increase" in demand for rare earths as more countries embrace clean technology, even though the United States has limited supply options.
"Left unaddressed, this reality will severely hamper the United States' ability to transition to a clean energy economy," said the report, drafted by the Energy Department over the past year.
Energy Secretary Steven Chu said that clean energy can revitalize the wobbly US economy and create jobs, as well as reduce emissions blamed for climate change.
"Ensuring reliable access to critical materials will help the United States lead in the new clean energy economy," Chu said in a statement released with the report.
The study recommended that the United States consider financial assistance for the domestic processing and manufacturing of rare earths. It also called for greater recycling of materials, along with diplomacy to ensure supply.
While only one US company is active in production of rare earths, the study said that the United States has an estimated 13 percent of the world's estimated reserves. China has the largest reserves at 36 percent.
Other areas with rare earth projects include Australia, Canada and parts of Central Asia and southern Africa.
Resource-poor Japan earlier this year voiced alarm after its companies said that China cut off rare earths supply amid a flare-up in a territorial dispute between Asia's two largest economies.
David Sandalow, the US assistant secretary of energy for policy and international affairs, was cautious on whether the United States has ensured continued supply from China.
"China has said that it intends to be a reliable supplier. We welcome that," Sandalow said as he presented the study at the Center for International and Strategic Studies, a Washington think-tank.
The report came as senior US and Chinese officials held talks on trade in Washington. Rare earths supply was likely to be an issue, along with currency values and copyright protection.
China said Tuesday that it would raise export duties on some rare earth products next year, in the latest government step that limits shipments out of the country.
Sandalow said that the United States needed to ramp up research on rare earths. In recent months, the United States has held workshops with Japan and the European Union to step up technical cooperation.
"Today there are thousands of researchers working on this issue in China. There are dozens in the United States," Sandalow said.
The Energy Department forecast that the most critical shortage would be in dysprosium, a magnetic soft metal used in the growing field of electric vehicles and which may have future use in flat-screen speakers.
China has a virtual monopoly on dysprosium, with environmental codes expected to prevent new mines from opening up in Australia, Canada and the United States, the study said.
The report found the least risks in the supply of lithium, with Chile the largest producer of the element used in hybrid cars, and samarium, which has military uses.
So far, so good. Just keep ur eye on the technicals and ride the wave til the techs fall apart. Take ur profits on the way up as well. Who knows how high we can go just be safe. With oil on the rise, that makes lithium that much more attractive.
congrats on ur profits.