TIMBERLINE RESOURCES - TLRS STOCK NEWS

Timberline Resources Corporation (OTCQB:TLRS) has initiated a fully funded exploration program at its 100%-controlled Eureka Project in Nevada, entailing approximately 8,000 meters of drilling. The program aims to follow up on high-grade drill intercepts over a 62 km² area, with activities including 6,000m of reverse circulation drilling and 2,000m of core drilling focused on new targets. The exploration seeks to expand on previous findings of high-grade gold, particularly at the Water Well Zone and other promising locations.

Timberline Resources Corporation (OTCQB:TLRS) announced the closure of a non-brokered private placement financing, issuing 23,070,798 units at US$0.20 per unit for total proceeds of US$4,614,160. Each unit comprises one common share and a half warrant, exercisable at US$0.30 until May 31, 2023. Funds raised will support exploration on its Eureka Project in Nevada and for general corporate purposes.

The offering attracted significant participation from accredited investors including Crescat Capital and Torck Capital Management.

Timberline Resources Corporation (OTCQB:TLRS; TSX-V:TBR) has filed for approval of a non-brokered private placement offering up to US$6 million at US$0.20 per unit. Each unit comprises one share and one-half warrant, with full warrants exercisable at US$0.30 until May 31, 2023. Lead orders come from Crescat Capital, Plethora Precious Metals Fund, and Torck Capital Management. Proceeds will primarily fund exploration activities at the Eureka Project in Nevada.

Timberline Resources Corporation (OTCQB:TLRS; TSX-V:TBR) announces the appointment of Ms. Pamela L. Saxton to its board of directors as an independent member, effective May 6, 2021. Ms. Saxton brings over 35 years of experience in the mining, software, and oil and gas industries. Previously, she served as CFO of Thompson Creek Metals, negotiating over $2 billion in financing. In conjunction with her appointment, Timberline has granted 2,785,000 stock options to directors and officers, including 200,000 options to Ms. Saxton at a strike price of $0.25 per share.

Timberline Resources Corporation (OTCQB:TLRS) announced its 2021 exploration plans for the Eureka Project, focusing on high-grade gold targets. The program includes approximately 6,000 meters of drilling and geophysical surveys to enhance understanding of gold mineralization in various zones, including Lookout Mountain and Windfall. Highlights from the 2020 drilling program involved significant gold intercepts and identified prime targets for further exploration. The company aims to build on previous findings to demonstrate multi-million-ounce gold potential.

Timberline Resources Corporation (OTCQB:TLRS) has released final results from its 2020 drilling program at the Eureka Project, Nevada, where 3,800 meters were drilled. Three core holes targeted down dip expansion of high-grade gold mineralization but did not encounter significant gold (over 0.3 g/t). However, they did reveal abundant alteration and anomalous Carlin-Type gold. The results indicate additional faulting in the Graben Zone may lead to high-grade gold opportunities. Future drilling plans for 2021 aim to target favorable areas for Carlin-Type gold mineralization.

Timberline Resources Corporation (OTCQB:TLRS) has scheduled its Annual General Meeting of Stockholders for April 14, 2021, with February 25, 2021, set as the record date for voting eligibility. The meeting will occur at 10:00 am PDT at the Company’s offices in Coeur d'Alene, Idaho, with online access available. Shareholders wishing to propose items for the meeting must submit them by March 1, 2021. Additionally, several board members, including Paul Dircksen and David C. Mathewson, will not seek re-election, although they will continue as advisory members.

Timberline Resources Corporation (OTCQB:TLRS) reported encouraging results from the initial seven reverse circulation drill holes of its 2020 drilling campaign at the Eureka Gold Project in Nevada. The drilling, totaling 1,219 meters, aimed to confirm and extend high-grade gold mineralization within the existing Lookout Mountain resource area. Noteworthy intercepts include hole BHSE-176, which showed 15.24m averaging 10.09 g/t gold. Overall, the results point to significant gold mineralization and improved geological understanding, with additional assays pending from deeper exploration holes.

Timberline Resources Corporation (OTCQB:TLRS) has appointed Patrick Highsmith as President and CEO, following a recent US$3.7 million financing led by Crescat Capital. Highsmith brings over 30 years of experience with major companies such as Newmont Mining and BHP. He aims to enhance project execution and market communication regarding the Eureka gold project. The company also issued 1,000,000 stock options to its officers and directors. Steven Osterberg continues as VP Exploration, focusing on technical advancements at Eureka.