Timberline Resources Corp (TLRS)

[ThSeeker]

NEWS: COEUR D'ALENE, ID / ACCESSWIRE / June 12, 2018 / Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) ("Timberline" or the "Company") announced today that results of surface rock chip sampling and geologic mapping have defined new, high-grade, gold exploration targets along the Oswego trend on its 23 square-mile Eureka property in Northern Nevada. The Oswego trend, which extends 5 km north-south, includes high-grade gold at the Road-Cut target, high-grade silver and gold at the Geddes- Bertrand target, and numerous additional untested targets.

The Company recently received assays for 54 rock samples at Oswego, which are summarized in Table 1 below. Most notably, 9 grab samples collected at approximately 20 feet spacing over a 180-foot section of road cut along a moderately east-dipping, strongly mineralized fault zone (the Road-Cut target) averaged 13.623 grams/tonne (g/t) gold. The results are consistent with historic reports of 12.38 g/t gold (0.361 ounces/ton (oz/ton)) over a 281-foot channel sample in this area. At the Geddes-Bertrand target, 4 samples graded greater than 100 g/t silver, up to a maximum of 1,625 g/t (47.4 oz/ton) silver.

The Oswego trend is central of three parallel, north-south, gold-mineralized structural trends on the Eureka property, as shown in Figure 1. The Lookout Mountain trend, which is 1.2 km west of Oswego, hosts an NI 43-101 gold resource of 508,000 ounces indicated and 141,000 ounces inferred, which remains open to expansion, while the Windfall trend to the east hosts the historic Windfall heap-leach gold deposit and multiple exploration targets. With the recent work at Oswego, exploration targets for future drilling are now defined on all three of the trends.

Timberline's President and CEO, Steve Osterberg commented, "Throughout the Oswego trend, the occurrence of wide-spread gold and silver mineralization in outcrop, as highlighted by the very highgrades at the Road-Cut target, indicate the existence of a robust gold system. Several rock formations on the trend are well-known as favorable hosts for large Carlin-type deposits in the region. These are truly exciting exploration targets, both at surface and to depth. Our geologic team will advance exploration of the Oswego, Lookout Mountain, and Windfall trends employing Carlin-type gold deposit models which were unavailable to the historic explorers."

https://finance.yahoo.com/news/timberline-resources-announces-high-grade-123000466.html