01/29/07
COEUR D’ALENE, Idaho, Jan. 29, 2007 (PRIME NEWSWIRE) — Timberline Resources Corporation (OTCBB:TBLC) (OTCBB:TBLCE) announced today that it has expanded its land position at the East Camp Douglas Project along Nevada’s Walker Lane Mineral Belt. A block of 28 additional unpatented lode mining claims was recently located, contiguous with the original 87-claim project land package. The additional ground was staked based on the discovery of a broad zone of intense sulfate alteration, within which silica-rich breccia samples grading up to 0.23 ounces per ton (oz/t) gold were collected.
East Camp Douglas represents a “district-scale” project with multiple targets of high-sulphidation quartz-alunite and low-sulphidation quartz-adularia gold-silver mineralization. Data compilation, district-scale and target-scale mapping, and geochemical sampling are on-going, in preparation for a mid-2007 drill program. Drilling by previous operators included intercepts of 60 feet of 0.47 oz/t gold and 10 feet of 0.19 oz/t gold, with select rock chip samples grading up to 4.9 oz/t gold.
The project is located within the structural intersection of the Walker Lane Mineral Belt (Rawhide, Paradise Peak, Tonopah, and Goldfield mining districts) and the regional west-northwest trending Pancake / Cerro Duro Structural Lineament (Bodie, Aurora, and Borealis mines). The East Camp Douglas Miocene age gold-silver mineralization is related to an extensive intermediate to felsic eruptive volcanic center.
The newly-staked claims are located within the project “area of interest” and are subject to the same terms as the original project area, as detailed in previous press releases.
This press release has been reviewed and approved by Paul Dircksen, Timberline’s V.P. of Exploration and a Qualified Person as defined by NI 43-101.
For more information about Timberline, please visit the Company’s 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
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