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Timberline Resources Ord Shs V.TBR

Alternate Symbol(s):  TLRS

Timberline Resources Corporation is a mineral exploration and resource development company focused on gold and copper discoveries in north-central Nevada, United States of America. The Company’s flagship project is the Lookout Mountain Project which contains a gold zone as part of a 500K oz (M&I) resource. The Company's projects include Eureka, The Paiute, and Seven Troughs. The Eureka project area covers approximately 27 square-miles and 18,200 acres comprising Bureau of Land Management (BLM) unpatented, and patented claim groups. The Paiute project area sits within the Battle Mountain mining district and covers approximately 1,343 acres in a total of 65 unpatented BLM mining claims. The Seven Troughs project package covers 4,100 acres, consisting of 64 patented and 238 unpatented lode mining claims, along with 162 additional unpatented lode mining claims. Its subsidiaries include Lookout Mountain LLC, Wolfpack Gold (Nevada) Corp., Staccato Gold Resources, Ltd., and others.


TSXV:TBR - Post by User

Comment by Dormie18on Jul 02, 2020 9:51am
94 Views
Post# 31215104

RE:RE:RE:Podcast

RE:RE:RE:Podcast"COEUR D'ALENE, ID / ACCESSWIRE / June 30, 2020 / Timberline Resources Corporation (TLRS)(TBR.V) ("Timberline" or the "Company") has issued a notice of default to PM & Gold Mines, Inc. ("PM&G") pursuant to terms of the Lookout Mountain Joint Venture Agreement. The Agreement allows PM&G to earn an initial 51% interest in the project by funding $6 million in work expenditures over a 2-year period (see press release dated July 11, 2019 at https://timberlineresources.co/press-releases), of which $3 million was to have been expended during the first year. PM&G has 30 days from June 28, 2020 to cure the default by making an in-lieu cash payment to Timberline of approximately $2.24 million." For whatever reason PM&G was slow walking, it will soon be at an end. Look out, PM&G!
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