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TIMBERLINE RESOURCES - TLRS STOCK NEWS

Welcome to our dedicated page for TIMBERLINE RESOURCES news (Ticker: TLRS), a resource for investors and traders seeking the latest updates and insights on TIMBERLINE RESOURCES stock.

Timberline Resources Corporation is a Nevada-based exploration company focused on advancing district-scale gold exploration and development projects in Nevada. The company owns the Talapoosa project in Lyon County and the Eureka project on the Battle Mountain-Eureka gold trend. Timberline's management has a history of discovering economic mineral deposits and developing profitable mines.

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Timberline Resources Corporation (OTCQB:TLRS) announced results from its 2021 drilling program at the Eureka Project in Nevada, focusing on the Oswego Target. The program included nine reverse circulation holes totaling 767 meters, revealing significant near-surface gold mineralization. Key findings include:

  • 35.1m at 2.32 g/t gold from 6.1m depth in BHSE-213.
  • 13.7m at 1.31 g/t gold from 3.0m depth in BHSE-215.
  • 9.1m at 1.72 g/t gold from surface in BHSE-214.

The Company plans to continue drilling at Oswego and the Water Well Zone this summer.

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Timberline Resources Corporation (TLRS) has successfully closed a non-brokered private placement financing, issuing 18,933,705 common shares at US$0.25 per share, raising a total of US$4,733,426. The funds will be allocated primarily for exploration on the Eureka Project in Nevada and for general corporate purposes. The financing was led by the Jupiter Gold & Silver Fund and Crescat Capital, with insider participation amounting to 2,000,000 shares. The offering complies with SEC regulations and involves no formal valuation or minority shareholder approval due to its market capitalization.

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Timberline Resources Corporation (OTCQB:TLRS) has announced a non-brokered private placement aimed at raising up to US$8 million at a price of US$0.25 per share. The funds will primarily support exploration efforts at the Eureka Project in Nevada, focusing on geology, geophysics, and drilling. The offering is pending approval from the TSX Venture Exchange and will involve accredited investors. Additionally, finders' and consulting fees may apply, with potential participation from insiders. The securities will not be registered under the Securities Act.

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Timberline Resources Corporation (OTCQB:TLRS) has released significant findings from its drilling operations at the Eureka Project in Nevada. The final assays from drill hole BHSE-220C revealed a mineralized interval of 44.2m at 4.10 g/t gold, with portions showing higher grades of up to 9.18 g/t gold. The second hole, BHSE-206C, confirmed the source of an induced polarization anomaly and highlighted additional zones of silver and other metals. CEO Patrick Highsmith expressed excitement over the findings, indicating potential for further discovery as drilling continues.

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Timberline Resources Corporation (OTCQB:TLRS) announced promising results from its Eureka Project in Nevada. The latest drilling phase included four holes, revealing a significant intercept of 41.1m averaging 5.03 g/t gold at the Water Well Zone (WWZ). Other notable results include 9.1m at 1.21 g/t gold in BHSE-209 and 9.1m at 1.34 g/t in BHSE-210C. The project continues to show potential for expanding high-grade mineralization, with additional assays pending. The webinar to discuss updates is scheduled for March 10, 2022.

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Timberline Resources Corporation (OTCQB:TLRS) announced significant results from its second phase of drilling at the Eureka Project in Nevada. The drilling program, initiated in July 2021, included 6,536 meters of exploration. Key highlights include:

  • 22.9m at 6.11 g/t gold from BHSE-220C.
  • 10.7m at 2.96 g/t gold from BHSE-211C.
  • 22.9m at 1.11 g/t gold from BHSE-198.
  • 6.10m at 2.85 g/t gold from BHSE-204.

Core drilling yielded higher gold grades compared to reverse circulation drilling, suggesting potential underreporting in previous samples. Timberline plans to continue core drilling to enhance its geological understanding.

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Timberline Resources Corporation (OTCQB:TLRS) completed its 2021-2022 drilling program at the Eureka Project, involving 23 drill holes and 4,859 meters drilled. The focus was on the Water Well Zone (WWZ) and Oswego Targets. This phase added significant geological information and new gold assays. The company collected approximately 3,300 samples for analysis, and results are anticipated in the upcoming weeks. CEO Patrick Highsmith noted the program was executed safely despite previous delays.

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Timberline Resources Corporation (OTCQB:TLRS) announced results from its channel sampling campaign at the Oswego Gold Occurrence in Nevada. The systematic sampling covered 67 samples along a 65-meter fault scarp, confirming high-grade gold mineralization. Significant findings include an average of 21.68 g/t Au in the North Trench and promising conditions for future drilling. The company's drilling program aims to assess growth potential at the Oswego Target. With gold grades ranging up to 26.2 g/t, the results indicate a robust mineralization system worth monitoring by investors.

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Timberline Resources Corporation (OTCQB: TLRS) reported promising results from its 2021 drilling program at the Eureka Project in Nevada. The program, which restarted after a ten-week pause, has revealed significant gold mineralization in the Water Well Zone (WWZ). Initial results from five reverse circulation holes indicate substantial gold intercepts, including 10.67 meters at 2.36 g/t gold in hole BHSE-194. The company plans to drill an additional 5,200 meters by December. These findings enhance the potential of the Lookout Mountain Resource, indicating a significant expansion of the mineralization footprint.

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Timberline Resources Corporation (OTCQB:TLRS) announced significant findings from an Induced Polarization/Resistivity (IP) survey at its 100%-controlled Eureka Gold Project in Nevada. The survey identified two structural zones linked to strong chargeability anomalies, indicating potential gold and polymetallic mineralization. Historical records show that the Windfall Mine produced approximately 112,000 oz of gold. The company plans to resume drilling in October 2021, focusing on newly identified targets that could enhance the project's resource potential.

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FAQ

What is the current stock price of TIMBERLINE RESOURCES (TLRS)?

The current stock price of TIMBERLINE RESOURCES (TLRS) is $0.09 as of August 21, 2024.

What is the market cap of TIMBERLINE RESOURCES (TLRS)?

The market cap of TIMBERLINE RESOURCES (TLRS) is approximately 17.1M.

Where is Timberline Resources Corporation based?

Timberline Resources Corporation is based in Nevada, USA.

What projects does Timberline Resources focus on?

Timberline Resources focuses on district-scale gold exploration and development projects in Nevada.

What recent achievement has Timberline announced?

Timberline recently reported an updated mineral resource estimate for the Lookout Mountain gold deposit at its Eureka Project in Nevada.

TIMBERLINE RESOURCES

OTC:TLRS

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TLRS Stock Data

17.12M
124.38M
14.94%
27.3%
0.31%
Gold
Basic Materials
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United States of America
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