The Conversation (0)
Timberline Resources Corporation (CVE:TBR,AMEX:TLR) reports additional results from underground drilling at the Butte Highlands gold project in southwestern Montana.
The press release is quoted as saying:
Results reported today are from holes BHUG11-034 through BHUG11-039 and BHUG11-068 in Timberline’s recently-completed 86-hole, 49,500-foot (15,000-metre) underground diamond drill program which was designed for detailed delineation of the mineralization and for production planning purposes. Timberline has a 50-percent carried-to-production ownership interest in the project, which is currently in the development/permitting stage and is scheduled to commence gold production in early 2012.
Timberline’s President and CEO, Paul Dircksen says:
“We are pleased that we continue to see good drill intercepts that correlate well with projections from previous drilling. In fact, several holes indicate good mineralization around historic stopes where high-grade ore was mined at the Highland Mine in the 1930′s and early 1940′s. The results of this drill program will drive the planning for the 10,000 ton bulk sample that we intend to mine later this year, as authorized under the existing Butte Highlands Joint Venture exploration permit.”
“We also continue to make steady progress toward permitting the Butte Highlands underground mining operation. Our JV partner has submitted the final hydrology study report requested by the Montana Department of Environmental Quality, and we anticipate receiving the hard rock operating permit before the end of 2011.”
Click here to access the entire news release.
Click here to access Timberline’s company profile.(TSXV:TBR,AMEX:TLR)