The Conversation (0)
Timberline Resources Corporation (CVE:TBR) reports assay results from the first 13 holes of the ongoing 30,000-foot drill program at its Lookout Mountain gold project, Nevada.
The press release is quoted as saying:
Lookout Mountain is the most advanced project within Timberline’s 23 square-mile South Eureka land package, located just a few miles from Barrick Gold Corporation’s two-million ounce Archimedes / Ruby Hill mine. South Eureka contains sediment-hosted gold mineralization, most of which is amenable to low-cost, heap-leach recovery. Timberline’s current resource estimate at Lookout Mountain consists of 286,000 ounces of gold in the Measured & Indicated Resource(1) categories and 206,000 ounces of gold in the Inferred Resource(1) category, utilizing a cut-off grade of 0.006 ounces of gold per ton (opt) (0.21 grams per metric tonne (g/t)) for oxide material and 0.030 opt (1.03 g/t) for sulfide material.
Timberline’s President and CEO, Paul Dircksen says:
“These initial results support our program by: (1) extending the Lookout Mountain resource into the South Adit area, and (2) demonstrating resource continuity in the southern portion of Lookout Mountain. We are also pleased with initial drill results to the west of the resource as we await additional drilling and subsequent assays from that area. Meanwhile, sodium cyanide (NaCN) shake tests continue to demonstrate excellent gold recoveries, supporting our belief in the potential to develop a low cost, run-of-mine, heap leach operation at Lookout Mountain.”
Click here to access the entire news release.
Click here to access Timberline’s company profile.(TSXV:TBR)