02/23/07
COEUR D’ALENE, Idaho, Feb. 23, 2007 (PRIME NEWSWIRE) — Timberline Resources Corporation (“Timberline”) (OTCBB:TBLC) announced today that its wholly owned subsidiary, Kettle Drilling Inc. (“Kettle”), broke its own “world record” for the most core drilled in a single 10-hour shift, completing 620 feet at Newmont Mining Corporation’s Midas Mine in north-central Nevada. The record was set by John Paul Hiibel, with assistance from Robert Fisher, using an Atlas Copco U8 APC computerized drill, producing NQ2-size core. The new standard eclipses the former record of 609 feet, also set by a Kettle crew at Midas, just over one year ago.
Kettle’s U.S. Operations Manager, Steve Elloway stated, “The combination of our experienced, professional teams and our modern, computerized rigs has brought Kettle to the top of the contract drilling business, as demonstrated by this impressive performance at Midas. Our crews are highly skilled, motivated, responsive, and efficient. Our rapid business expansion over the past year would not have been possible without them.”
Timberline also announced today that Cassandra Mulligan has been appointed as Kettle’s Chief Financial Officer. Ms. Mulligan has over a decade of experience in accounting, auditing, and financial reporting. She has most recently served as an audit manager at Anastasi & Moore, PLLC, of Spokane, where she has worked closely with both Kettle and Timberline for the past year. She has a B.S. in accounting from Eastern Washington University and is a licensed certified public accountant.
Kettle Drilling Inc. provides drilling services to mining and mineral exploration companies throughout North America, combining state-of-the-art equipment, world-class technical expertise, innovative thinking, and an impeccable safety record. Kettle specializes in difficult underground jobs in support of active mining operations and advanced exploration projects. For more information about Kettle, or to request a quote, please contact Mark Church, General Manager, at (208) 665-7211, or visit the Timberline website at www.timberline-resources.com.
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its ownership of Kettle Drilling Inc. with “blue sky” upside from its mineral exploration division. Timberline common stock is quoted on the OTC Bulletin Board under the symbol “TBLC.”
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words “anticipate,” “believe,” “estimate,” “plan,” “intend” and “expect” and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company’s Annual Report on Form 10-KSB, as amended, for the year ended September 30, 2006. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect.
CONTACT: Timberline Resources Corporation
John Swallow, Executive Chairman
(208) 664-4859
www.timberline-resources.com
Investor Voices
Investor Relations
Ian Cassel
(717) 626-3991