The Conversation (0)
Timberline Resources (TSXV:TBR) announced a high-grade gold mineralization down dip at its Lookout Mountain project.
Timberline Resources (TSXV:TBR) announced a high-grade gold mineralization down dip at its Lookout Mountain project.
As quoted in the press release:
The high-grade mineralization occurred in drill hole BHSE-152 whose dual purpose was to establish a water-monitoring well near the historic Lookout Mountain pit and to test the down dip feeder zone potential for higher grade gold mineralization. Drilling targeted the controlling structure of the currently reported resource where it intersects a potential cross fault. The intercept is approximately 600 feet (183 metres) down dip from the nearest previous drilling.
Paul Dircksen, Timberline CEO, stated:
The significance of the BHSE-152 drill intercept is that it demonstrates the potential for increased tonnages of higher-grade mineralization at depth. This deeper potential has never been tested along the 4,000 feet (1.22 km) of strike length where the existing resource has been defined. These drill results validate Timberline’s continued confidence in the larger potential of the greater South Eureka Property and, specifically, in the Lookout Mountain Project. It is important to note that the drill hole bottomed in the mineralized zone when we were forced to abandon the hole. With these very encouraging results, we are planning to follow up with testing the high-grade mineralization at depth with core and RC drilling later this year and in future drill programs.