Timberline Resources Corp (TLRS)

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Timberline Resources Drills Quartz-Sericite Alteration with Pyrite-Chalcopyrite at the Elder Creek Porphyry Project, Nevada

COEUR D'ALENE, ID / ACCESSWIRE / July 9, 2019 / Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) today announced results of recently completed Phase 2 drilling at the Elder Creek porphyry copper-molybdenum-gold-silver project in Nevada’s Battle Mountain mining district. Reverse circulation (RC) hole RCEC19-01 was drilled to a depth of 1,960 feet (600 meters) to target the heart of the IP/resistivity (IP) geophysical anomaly identified in December, 2018 (Figure 1)(see press release dated January 8, 2019 at http://timberlineresources.co/press-releases/).

RCEC19-01 intercepted approximately 590 feet (180 m) of intensely stockwork quartz-veined, altered (quartz-biotite ± sericite) Harmony Formation quartzite and hornfels and an underlying thick section of 1,361 ft (415 m) of intensely-altered, quartz-feldspar, variably porphyritic intrusive rock (Figure 2). Alteration of the intrusion is dominated by quartz-sericite with variable chlorite and biotite. Porphyry style mineralization is visible throughout and is especially notable within the intrusive phase as pyrite-chalcopyrite ± molybdenite, with anomalous copper, molybdenum, and silver...

https://finance.yahoo.com/news/timberline-resources-drills-quartz-sericite-123000677.html