Timberline’s Environmental Review of Butte Highlands Gold Project Will Be Completed in August 2013
Timberline Resources Corporation (TSXV:TBR, AMEX:TLR, NYSE:TLR) announced that HydroSolutions, Inc. will be their independent environmental specialist to review the Butte Highlands Gold Project, which will be completed in August 2013.
Timberline Resources Corporation (TSXV:TBR, AMEX:TLR, NYSE:TLR) announced that HydroSolutions, Inc. will be their independent environmental specialist to review the Butte Highlands Gold Project, which will be completed in August 2013.
As quoted in the press release:
Timberline owns a 50-percent carried-to-production interest in the Butte Highlands Joint Venture (“BHJV”) which owns the Butte Highlands Gold Project where gold production is expected to commence later this year, following the issuance of the final HROP. Timberline’s joint venture partner will continue to fund all mine development costs through to commercial production with Timberline’s share of those costs to be repaid from proceeds of future mine production.
Timberline’s CEO, Paul Dircksen, said:
Timberline and our joint-venture partner are pleased with the selection of HydroSolutions to assist the MDEQ through completion of the final operating permit, and we are confident that their analysis will support the permit timeline established by the MDEQ. The firm’s qualifications are well established to evaluate water-related environmental management and development plans prepared by the joint-venture. We are encouraged and optimistic that Timberline is on track to participate in cash flow resulting from gold production from the Butte Highlands Gold Project beginning later this year.