Timberline Resources up 15 Percent on Talapoosa PEA – Gold Investing News

Timberline Resources up 15 Percent on Talapoosa PEA – Gold Investing News Timberline Resources (TSXV:TBR,NYSEMKT:TLR) kicked off the week with good news, reporting encouraging results from a preliminary economic assessment (PEA) for the Talapoosa property in Nevada. Currently, Gunpoint Exploration (TSXV:GUN) owns Talapoosa, but Timberline acquired an option to purchase 100 percent of the property back in March. Under the terms of the agreement, Timberline can acquire the project at any time within 30 months of March 2015 for US$10 million, with Gunpoint retaining a 1-percent net smelter royalty on the project. Timberline may purchase the royalty at any time for US$3 million……. READ...

Timberline options 1M oz. Talapoosa gold project in Nevada – The Northern Miner

Since taking the helm of Timberline Resources (TSXV: TBR; NYSE-MKT: TLR) on Jan. 1, Kiran Patankar has wasted little time getting to work and enlarging the junior’s footprint in Nevada. The former investment banker has completed a deal to acquire an option for 100% of Gunpoint Exploration’s (TSXV: GUN; US-OTC: CJIMF) Talapoosa project, a low-sulphidation property with a defined resource of over 1 million oz. gold in the Walker Lane trend of western Nevada, 45 km east of Reno, in Lyon County…… READ MORE – See more at:...