Timberline Increases Gold Mineralization Estimate
COEUR D'ALENE, ID - Timberline Resources Corporation reported that it has completed an updated calculation of the estimated gold mineralization at its Butte Highlands Gold Project joint venture.
Timberline has analyzed recent and historical drilling results in conjunction with an updated interpretation of the geologic model to arrive at these new mineral estimates. The mineralized envelopes generating these estimates are based on drill intercepts with greater than 0.10 ounces per ton of gold over a 10-foot interval. The estimated mineralized material has been classified in the table.
Estimated
Gold Grade Estimated
Estimated (Ounces Gold
Description Tons per ton) Mineralization
Mineralized Material
(Measured & Indicated) 1,152,111 0.28 opt 322,972 ozs.
Mineralized Material
(Inferred) 1,715,711 0.25 opt 435,974 ozs.
Paul Dircksen, Timberline's Executive Chairman and Vice-President of Exploration, commented, "These new resource estimates increase our total anticipated mineralization at Butte Highlands to over 750,000 ounces of gold at an overall grade of 0.26 ounces per ton. This indicates an increase of more than 40% over the historical resource calculations done by Orvana Minerals, including a 65% increase in the measured and indicated ounces. This additional mineralization is expected to significantly increase our mine life, and there is still the possibility of increasing the mineralization and the mine life as we get into production."
Dircksen added, "We are very confident in this analysis which was done by our Timberline team in conjunction with mine engineers at our joint venture partner, Small Mine Development. In addition to the data used to generate these new estimates, we have just completed five additional exploration core holes on the property, and the final samples from this drilling are expected to be shipped to the assay lab this week. We plan to provide a summary of our drill results from our 2009 drill program once we have received the assay results."
The company’s address is 101 E.