Timberline Advances Underground at Its Butte Highlands Gold Project
Site improvements have included finishing maintenance shops for the underground equipment and office buildings, installing the necessary infrastructure and equipment, constructing and lining sediment ponds, and completing a Land Application Discharge (LAD) site for discharging clarified mine water. In addition, the final hydrology drill hole has been completed for the modeling of the subsurface waters in our resource area, and earthworks surrounding the portal site have been completed. The underground ramp is now being advanced and is being supported by shotcrete and steel reinforcements.
Randal Hardy, Timberline's CEO, said, "This is an exciting time for Timberline as we see tangible progress toward near-term gold production at Butte Highlands. Significant developments have been carried out by the SMD team on site during the last few months, leading to the initial advancement of the underground ramp. In addition to the physical transformations at the site, modeling of the existing underground workings and engineering of our new underground workings are substantially complete. These plans are being generated jointly by Timberline and SMD personnel and will be incorporated into our mining plan, which will be part of the application for our operating permit. We anticipate that we will be submitting the application for our operating permit within the next few weeks and will continue with the advancement of the ramp, underground drilling, and extraction of a bulk sample of mineralized material while the permit application is being processed."
Timberline's joint venture partner is funding all of the surface and underground development costs through to production at the Butte Highlands Gold Project. Once the initial development costs have been paid back to Timberline's joint venture partner out of the proceeds from gold production, project income will be split fifty-fifty between Timberline and its partner.
The company’s address is 101 E.