| Announcement Date: | 2021-12-06 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | NI43-101 |
| Company name: | Timberline Resources Corp. |
| Project name: | Eureka |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Channel sampling results incl. 25.9m @ 14.42g/t Au |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Coeur d’Alene, Idaho – December 6, 2021 – Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) announced today results of a systematic channel sampling campaign at the Oswego Gold Occurrence on the Eureka Gold Project in Nevada. Company geologists collected 67 channel and rock samples along the 65-metre strike length of exposed fault scarp, where historic results had indicated the presence of high-grade gold. The sampling was focused along the Trench Fault and associated cross structures. The zone of alteration and mineralization is approximately 10 metres wide, pervasively oxidized at surface, and remains open along strike and downdip. Results of the new Oswego channel and trench samples are summarized in Table 1. The Oswego gold occurrence is located 1.2 km east of the Lookout Mountain gold resource and is along a splay of the Dugout Tunnel Fault (DTF) – a major structural break and interpreted eastern control on gold mineralization in the broader Lookout Mountain-Oswego corridor (Figure 1). All of these samples were taken from Timberline’s patented claim that encompasses the roadcut and minor historical prospect pits and adits. The Company is currently drilling along the structure to follow-up on these surface results. |
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