Timberline Resources Closes First Tranche of Private Placement Financing

View in PDF – Coeur d’Alene, Idaho – November 7, 2017 – Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) has received conditional approval from the TSX Venture Exchange for its private placement and has closed the first tranche of the previously announced non-brokered private placement (the “Offering”) by issuing 2,290,867 units (“Units”) for a total of US$687,260. A second tranche is expected to close by mid-November. The Offering, which was initially announced on October 12, 2017, consists of up to 4,166,667 Units at a price of US$0.30 per Unit for a total of up to US$1,250,000, with an over-allotment option to increase the Offering by up to 20%. Each Unit consists of one share of common stock of the Company and one common share purchase warrant (each a “Warrant”) (together the “Securities”), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of US$0.45 per share until the warrant expiration date of October 31, 2022. The Offering is being completed under Rule 506(b) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the “Securities Act”) solely to persons who qualify as accredited investors and in accordance with applicable Canadian securities laws. The Company intends to use the net proceeds of the Offering for working capital, costs associated with property and claim maintenance, and exploration expenses. In connection with this tranche of the Offering, cash finder’s fees of 7% were paid to certain eligible finders in the amount of US$41,548. The Securities offered in the Offering have not been registered under the...

Timberline Resources Announces Private Placement Offering

View in PDF – Coeur d’Alene, Idaho – October 12, 2017 – Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) announced today that it has initiated a non-brokered US$1,250,000 private placement offering of Units of the Company at a price of US$0.30 per Unit, with an option to increase the offering by up to 20%, solely to persons who qualify as accredited investors (the “Offering”) under Rule 506(b) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the “Securities Act”). Each Unit will consist of one share of common stock of the Company and one common share purchase warrant (each a “Warrant”), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of US$0.45 per share until the warrant expiration date of October 31, 2022. The Company intends to use the net proceeds of the Offering for working capital, costs associated with property and claim maintenance, and exploration expenses. The securities offered in the Offering have not been registered under the Securities Act or the securities laws of any state of the United States and may not be offered or sold absent such registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities nor shall there be any sale of the securities referenced herein in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. The securities referenced herein have not been approved or disapproved by any regulatory authority....

Timberline Resources Announces Resignation of Director

View in PDF – Coeur d’Alene, Idaho – October 9, 2017 – Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) announces that Mr. Giulio T. Bonifacio has resigned from the Company’s Board of Directors effective October 5, 2017 due to the significant demands from his other commitments. The Company’s Board of Directors and management express their appreciation for Giulio’s service and valuable contributions during his tenure as a director and wish him well in his current and future endeavors. About Timberline Resources Timberline Resources Corporation is focused on advancing district-scale gold exploration and development projects in Nevada, including its Talapoosa project in Lyon County where the Company has completed and disclosed a positive preliminary economic assessment. Timberline also controls the 23 square-mile Eureka project lying on the Battle Mountain-Eureka gold trend. Exploration potential occurs within three separate structural-stratigraphic trends defined by distinct geochemical gold anomalies. Timberline also owns the Seven Troughs property in northern Nevada, known to be one of the state’s highest grade, former producers. Timberline is listed on the OTCQB where it trades under the symbol “TLRS” and on the TSX Venture Exchange where it trades under the symbol “TBR”. Forward-looking Statements Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements...

Timberline Announces Positive Conclusions from Metallurgical Test Results at Its Talapoosa Gold Project

View in PDF –   Coeur d’Alene, Idaho – September 14, 2017 – Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) announced today positive final results from metallurgical column leach tests performed on gold and silver mineralized material at the Talapoosa Gold Project that are consistent with the Company’s Preliminary Economic Assessment (“PEA”) issued in May 2015.  The Company also reported analysis of assay data on mineralized drill core which indicate that gold grades may be higher than previously reported for the project. Timberline’s President and CEO Steven Osterberg commented, “We are very pleased that the metallurgical test program confirmed the gold and silver recoveries as estimated in the PEA, which result in attractive project economics.  We are also excited that recent evaluation of drill core assay data from Talapoosa suggests that the deposit gold grade may be higher than modeled when a documented coarse gold component is considered. These results are especially encouraging in light of current gold and silver prices.” The positive Talapoosa PEA that was completed and released on April 27, 2015 by WSP Canada envisioned the project as an open-pit, gold-silver, heap-leach operation (“Preliminary Economic Assessment on the Talapoosa Project, Nevada, effective April 27, 2015).   PEA results included: Estimated resources of 1,012,802 ounces (oz) of gold at an average grade of 1.11 grams per tonne (“g/t”) gold and 13,649,358 oz of silver at an average grade of 14.97 g/t silver in the Measured & Indicated Resources (“M&I”) categories, with an additional 233,532 oz of gold at 0.72 g/t gold and 2,172,766 oz of silver at 6.65 g/t silver in the Inferred Resource;...

Timberline Announces Third Quarter 2017 Financial Results

View in PDF – Coeur d’Alene, Idaho – August 8, 2017 – Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) announced consolidated financial results for its third fiscal year 2017 quarter which ended June 30, 2017.  A summary of selected financial results is presented in the following table: ($US 000’s, except earnings per share)   Quarter Ended June 30,   2017 2016 Consolidated net loss $(301) $(464) Consolidated net loss per share, basic and diluted (0.01) (0.03) Mineral exploration expenses 35 34 Working capital 164 741 Timberline reported a consolidated net loss of $0.3 million for the quarter ended June 30, 2017, including exploration expenditures of $35 thousand and a gain on the sale of available-for-sale securities of $100 thousand.  Activity during this quarter was primarily focused on data reviews and interpretation in preparation for the anticipated future development of the Company’s Talapoosa property. Timberline’s President and CEO, Steve Osterberg, commented, “Our work at Talapoosa continues to provide us with confidence that we control a very prospective asset in a favorable mining and exploration jurisdiction.  We are finalizing Talapoosa metallurgical testing programs as we further delineate the exploration opportunities along strike at Talapoosa and on the adjacent Appaloosa structural trend.  We are pleased that the prices of precious metals have remained relatively strong, and we believe that development capital will be available for district-scale gold projects such as Talapoosa.” About Timberline Resources   Timberline Resources Corporation is focused on advancing district-scale gold exploration and development projects in Nevada, including its Talapoosa project in Lyon County where the Company has completed and disclosed a positive preliminary economic assessment. ...

Timberline Issues Shares for Talapoosa Option Payment

View in PDF – Coeur d’Alene, Idaho – April 13, 2017 – Timberline Resources Corporation (OTCQB: TLRS; TSX-V: TBR) (“Timberline” or the “Company”) announced that it has received approval from the TSX Venture Exchange and issued one million common shares to American Gold Capital US Inc. (“AGC”), a subsidiary of Gunpoint Exploration Ltd., in satisfaction of the Company’s share portion of the option payment for its Talapoosa gold project in Lyon County, Nevada.  The stock payment was made pursuant to the terms of the amended option agreement which permits the Company to acquire 100% of the Talapoosa gold project (the “Amended Option Agreement”). As previously announced, Timberline’s focus is on finalizing the on-going metallurgical studies and preparations for initial drill testing of the resource expansion target areas at Talapoosa and exploration on the adjacent Appaloosa zone (see Press Releases dated December 7, 2016, and January 31, 2017). About Timberline Resources   Timberline Resources Corporation is focused on advancing district-scale gold exploration and development projects in Nevada, including its Talapoosa project in Lyon County where the Company has completed and disclosed a positive preliminary economic assessment.  Timberline also controls the 23 square-mile Eureka project lying on the Battle Mountain-Eureka gold trend.  Exploration potential occurs within three separate structural-stratigraphic trends defined by distinct geochemical gold anomalies.  Timberline also owns the Seven Troughs property in northern Nevada, known to be one of the state’s highest grade, former producers. Timberline is listed on the OTCQB where it trades under the symbol “TLRS” and on the TSX Venture Exchange where it trades under the symbol “TBR”. Forward-looking Statements Statements contained herein that are not based...