2021 Exploration Plans For The Eureka Gold Project
COEUR D'ALENE, ID - Timberline Resources Corporation reported exploration plans for the 2021 field season at its 100%-controlled Eureka Project in Nevada. The plans are built upon historic work and results from the 2020 program that improved understanding of district and local controls on high grade (= 3 g/t) gold. The plan for 2021 features approximately 6,000 meters of drilling, 20 line-kilometers of Controlled-Source Audio Magnetotellurics (CSAMT), and 30 line-kilometers of IP/Resistivity (IP) along with geologic mapping and 3D modeling. The Lookout Mountain resource will be tested for expansion in three areas having drill holes with intercepts of high-grade Carlin-type (CT) gold. Drilling is also being considered on the Company's patented claims at the historic Windfall Mine where previous drilling intercepted high-grade gold. The Oswego Target will be advanced to follow-up on historic surface sampling, which included 85.7m @ 12.38 g/t gold in outcrop.
"We have significantly advanced our understanding of the higher-grade gold at Eureka. In 2020, we saw the interplay of favorable host rocks with structure and collapse breccias, yielding near-surface high-grade, oxide gold in drilling. Last year's geophysics and drilling identified several key structures, which we are now developing into prime targets for more drilling", said, Patrick Highsmith, President and CEO. "We are planning for a very significant exploration program in 2021, focusing on high-value targets that build on the higher-grade portions of the Lookout Mountain Resource."