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Friday, October 14, 2011 5:46:14 PM
Took them 1 1/2 yrs after submitting to get the permit and SUGO has not even prepared their Plan of Operation yet. SUGO would need to borrow more money to move forward on the permit application process!
COEUR D'ALENE, Idaho, Jan. 31, 2008 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTCBB:TBLC) today announced the receipt of necessary permits to proceed with exploration and drilling at its Conglomerate Mesa Project in Inyo County, California. The project hosts structurally and stratigraphically controlled, sediment-hosted gold mineralization similar to the "Carlin-type" deposits of north-central Nevada. Timberline management believes that Conglomerate Mesa represents one of the premier gold exploration projects remaining within the Great Basin province of the western United States.
Timberline VP of Exploration Paul Dircksen stated, "We are pleased to receive permitting approval to proceed at our highest-priority project, Conglomerate Mesa, with our first exploration program since finalizing our Option-to-Purchase agreement last summer. Beginning next week, we will reopen an access road, perform additional mapping and sampling, and conduct an initial 7-hole diamond drill program to test four areas of elevated gold values, as outlined by soil and rock chip geochemistry and past drilling. Our program launch at Conglomerate Mesa, along with our active drill program and permitting progress at our early-stage Walker Lane properties, demonstrates our commitment to a major acceleration of our exploration programs over the next several months."
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