The Conversation (0)
Timberline Resources Corporation(TSXV:TBR) announced that it has purchased a large block of mining claims which essentially comprise the entire Seven Trough mining district in Pershing County, Nevada. Timberline paid $50,000 to CIT Microphobe Holdings LLS as part of the terms of purchase.
As quoted in the press release:
The purchased property package covers 3,900 acres, consisting of sixty-four (64) patented and seventy-six (76) unpatented lode mining claims, all of which are under a long-term lease agreement, along with one hundred sixty-two (162) additional unpatented lode mining claims. The leased portion of the property package requires no lease payments or work commitments from Timberline.
Timberline, CEO, Paul Dircksen, commented:
This acquisition provides us with an excellent exploration opportunity for nominal cost. We believe the Seven Troughs district has the potential to host a large precious metals system similar to the high-grade gold and silver veins of Japan’s world-renowned Hishikari epithermal gold mine.
Click here to read the Timberline Resources Corporation (TSXV:TBR) press release
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