The Conversation (0)
Timberline Resources Corporation(TSXV:TBR) reported initial mine plan and permitting updates for the Butte Highlands project. The Joint Venture Gold project in southwestern Montana received final assay results from its 2011 drill program.
Plans for 2012 include:
- The initial mine plan at Butte Highlands will target production of approximately 400 to 500 tons per day for the first four years of operation. The mineralized material is expected to be direct shipped to a nearby mill.
- Results from hydrology studies at Butte Highlands indicate the need to pump and discharge more water from the mineralized area than previously anticipated. The project will require an additional water discharge permit and the construction of additional water treatment facilities. Subsequently, Highland is now targeting the issuance of the Hard Rock Operating Permit in mid-2012, and the commencement of shipments to the mill later in the year.
Click here to read the Timberline Resources Corporation (TSXV:TBR) press release
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| Commodities | |||
|---|---|---|---|
| Gold | 1981.45 | -2.77 | |
| Silver | 25.01 | -0.11 | |
| Copper | 3.97 | -0.02 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 77.51 | -0.36 | |
| Heating Oil | 2.48 | 0.00 | |
| Natural Gas | 2.21 | -0.03 | |