Timberline Resources Enters Option Agreement with Daycon Minerals Corporation

 Timberline Resources Corporation(TSXV:TBR) announced entering into two Option to Purchase Agreements. The Company entered into the agreements with Daycon Minerals Corporation. Timberline optioned out its Snowstorm and Montana copper-silver projects to Daycon.

As quoted in the press release:

Timberline has determined that both the Snowstorm Project and the Montana Prospects are non-core projects for the company. Accordingly, the Company believes that vending the property packages in return for equity and potential cash best optimizes Timberline’s investment.

Timberline, CEO, Paul Dircksen, commented:

We are devoting full time attention and funds to our advanced stage Lookout Mountain and Butte Highlands Projects. We are a gold exploration company with two major projects and a pipeline of earlier stage gold projects, all in the western US. Daycon, with its other projects, will focus on stratabound copper-silver as its primary corporate direction. We understand that the plan for Daycon is to seek financing with a view to a potential listing in Canada as early as later this year, and we recognise the opportunity to be part of that story. We know and respect the Daycon team and look forward to a long strategic relationship.

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