Timberline Resources Corp (fka TLRS)

[ThSeeker]

NEWS:
COEUR D'ALENE, ID / ACCESSWIRE / August 8, 2018 / Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) ("Timberline" or the "Company") announced today that recently completed rock chip sampling (Table 1) confirms high-grade gold mineralization within the historic Windfall Mine area of the 23 square-mile Eureka property in Nevada (Figure 1). The Windfall Mine open pit is centrally located on the Windfall trend, a zone which extends 1.7 miles (2.7 km) from north to south (Figure 2). Timberline plans to conduct additional drilling in support of an initial open-pit oxide resource study.

ASSAY RESULTS

Timberline recently collected 40 rock chip samples within and immediately south of the Windfall pit; assays are summarized in Table 1 and on Figure 3 below. Highlights include 10 samples with greater than 1 g/t (0.029 opt) gold and 6 greater than 3 g/t (0.088 opt), up to a maximum of 13.1 g/t (0.382 opt). In total, 17 samples assayed greater than 0.250 g/t (0.007 opt), documenting the extensive zone of gold mineralization.

Steve Osterberg, Timberline's President and CEO, commented, "The rock chip sampling along 760 m (2,500 feet) of the Windfall trend, combined with previously reported historic drill results (Press release dated July 10, 2018 at http://timberlineresources.co/press-releases), show the high discovery potential at Windfall. A substantial zone of oxide gold mineralization remains exposed at the surface and is open at depth and in both directions along strike (Figure 3)."

In addition, "grade - thickness" (gram-meter)(ounce-feet) calcualtions for drill hole intercepts (Figure 3 and Table 2) (see press release dated July 10, 2018 at http://timberlineresources.co/press-releases), and a review of cross-sections (Figure 4) indicate that gold mineralization remains unmined in the Windfall pit-area.

https://finance.yahoo.com/news/timberline-resources-announces-high-grade-123000599.html