• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Timberline Resources Increases Measured & Indicated Gold Resources by 30 Percent at Lookout Mountain

    Investing News Network
    Feb. 28, 2013 11:55AM PST
    Gold Investing

    Timberline Resources Corporation (TSXV:TBR, NYSE:TLR, AMEX:TLR) increased its gold resource estimate at its Lookout Mountain Gold Project in Nevada.

    Timberline Resources Corporation (TSXV:TBR, NYSE:TLR, AMEX:TLR) increased its gold resource estimate at its Lookout Mountain Gold Project in Nevada.

    As quoted in the press release:

    Timberline’s updated gold resource estimate at Lookout Mountain, which was prepared by Mine Development Associates (“MDA”) of Reno, Nevada, consists of:

    Gold ounces in the Measured & Indicated Resource(1) categories increased by 30-percent from the 2012 resource estimate, and are now 78-percent greater than Timberline’s initial 2011 resource estimate. The resources were calculated 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. Approximately 84-percent of the resource ounces are from oxide material and 16-percent are from sulfide material. Many of these ounces were upgraded from the Inferred Resource(2) category as the 2012 exploration program concentrated primarily on infill drilling of the existing mineralization.

    Timberline’s CEO, Paul Dircksen, said:

    We are pleased with our 2012 South Eureka drill program and our updated resource at Lookout Mountain, which includes the South Adit zone. The program was successful in upgrading the resource ounces to more than half a million in the Measured and Indicated categories, demonstrating continuity in mineralization and confirming the underlying geologic model. Most importantly, this increase in resources is critical to advance the project into a Preliminary Economic Assessment (“PEA”) stage as we consider mine development.

    To view the whole press release, click here. 

    tsxv:tbramex:tlrnyse:tlr
    The Conversation (0)

    Go Deeper

    AI Powered
    Blackrock Silver Announces Updated Mineral Resource Estimate for the Tonopah West Project

    Blackrock Silver Announces Updated Mineral Resource Estimate for the Tonopah West Project

    Lode Gold Secures MSHA Property ID for Fremont Gold Mine; Advances Reactivation of Historic California Gold Operation

    Lode Gold Secures MSHA Property ID for Fremont Gold Mine; Advances Reactivation of Historic California Gold Operation

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×