Fully-Diluted Shares 71.8 M
http://www.timberline-resources.com/main.php?page=14
Timberline Resources Corporation (NYSE Amex: TLR; TSX-V: TBR) ("Timberline") is pleased to announce that it has extended the due date of its outstanding $5 million convertible note with Small Mine Development, LLC ("SMD") until April 30, 2012
Randal Hardy, Timberline's CEO, commented, "We are happy to obtain this long-term extension of this loan which was possible due to our close affiliation and working relationship with SMD. The due date is now extended to a time when we expect to be producing gold and generating cash flow from our Butte Highlands Gold Project, where we continue to work closely with SMD as our partner and the operator."
The note remains convertible by SMD at any time prior to the payment of the note in full at a conversion price of $1.50 per share
http://www.timberline-resources.com/main.php?page=13&press=120
Timberline Resources Corporation (TLR) www.timberline-resources.com – the strategically diversified gold production firm focused on growth through the acquisition of advanced-stage exploration properties with near-term production potential, disclosed details of its drilling operations at the recently-acquired South Eureka property today, Tuesday, August 03.
Continuous revenue generation which benefits both the core strategy and shareholders is paramount at TLR, and the Company was pleased to announce the mobilization of a surface drill and commencement of the diamond-drilling segment at the property, which is situated in Nevada’s Battle Mountain-Eureka gold trend.
With plans to start a complementary reverse circulation (RC) drill program in the coming weeks, TLR’s activity is really heating up at this particular property, which includes the Lookout Mountain project.
Executive Chairman and VP of Exploration at TLR, Paul Dircksen, cited the Company’s exhaustive analysis during due diligence activities related to the Staccato acquisition as the primary cause for pursuing exploration to confirm the “sizeable economic deposit” which was identified therein.
Contemporary data from metallurgical testing and drilling in, conjunction with current gold-related indices, validate the model for developing a very profitable low-grade oxide, heap-leachable gold mine. Ore samples will be sent out as well for independent analysis of metallurgical characteristics.
Lookout Mountain was the primary asset in the June 2010 acquisition of Staccato Gold Resources, Ltd., and is a rather typical sediment-hosted project with proven historical production capability, and for which extant data indicates the existence of 800k+ oz Au.
A rigorous exploratory analysis of the property, focused on Lookout Mountain, will be conducted in an effort to confirm the data in this previously generated report; determine cost-benefit analysis/economic feasibility of the project; and to extend geologic mapping data for the property in order to resolve ore controls (for targeting and geologic modeling purposes).
Lookout Mountain is strategically located in the heart of production infrastructure and has a long track record for production starting in 1981 and today encompassing 533 holes (267k cumulative feet) on some 15k+ acres (4 mile band running NE-SE) of gold mineralization.
Dircksen noted that all of the outlined mineralization zones are open and would require some prep-work (in-fell and step-out drilling) for TLR to conduct a preliminary economic scoping study. Dircksen also indicated that exploration drilling on other identified targets in the property would be pursued in order to increase production.
http://uk.ibtimes.com/articles/20100803/timberline-resources-tlr-starts-drilling-for-gold-at-south-eureka-nevada-project.htm
Recent TLRS News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 12:01:19 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 06:27:02 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 01/17/2024 05:38:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/02/2024 08:34:02 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 01/02/2024 04:43:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 10:28:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 08:34:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 10:23:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 04:04:13 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/12/2023 05:19:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/07/2023 07:29:21 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM