Timberline Resources Corporation is an old gold mining company which was founded in the year 1968. The company has its headquarters in Coeur d’Alene, Idaho and focuses on the advanced level of the exploration and development of precious metal projects in Nevada region of United States. The company has its prime intent to identify and develop new and existent economic mineral deposits. The focus is on exploring the gold in Nevada region. The flagship project is known as Eureka with the other projects named as Seven Troughs, Elder Creek, and Paiute. All these projects are based in the Nevada region. Eureka project goes in an advanced way to target the gold mine being measured with 508,000 ounces of gold resources and has further many new discoverable opportunities.
The exploration with proper research and development with the mining industry experts is quite essential to explore the metals and result in the long-term survival of the major mining groups. The management of the company is committed to give the best to their investors and limit the risks involved in the industrial sector. The 52-week low value of the stocks is $0.056 and the high is $0.42. The new strategies based on the former mine processes are undertaken to get the required results. The company adds to the value with advanced exploration and forming with the industries best mine operators.
The subsidiaries of the company include Wolfpack Gold (Nevada) Corporation and Staccato Gold Resources Limited. The market capitalization of the company is $5.835M. The management has recently announced the high-grade gold mineralization in Eureka project in Nevada. It is exactly meant at the open pit located in the center of the Windfall trend. The company aims at conduction of the additional drilling process for the better study of the resource. There are forty rock chip samples collected from the south region of Windfall pit to make tests to find out the extensive zones of minerals.
The CEO-cum-President Mr. Steve Osterberg commented that the reports of the Windfall trend and the historic drill results reveals a higher discovery potential of gold in the region. It is a positive news for the company and its investors in terms of the Windfall region projection to be declared as the gold mineralized zone. Gold is primarily associated with the brecciated dolomite near to the north-east and north-west trends. The grade-thickness of gold differences from traditional drill hole intercept suggests a similar control of structure over the high-grade of the gold mineralization.
The completion of these sampling results and taking in regard the historic geological structure, the company is at the verge of finalizing the initial drilling targets for extending the gold mineralization at a higher rate than the previous results. The target areas are highly permittable for drilling. The company is advancing and it is expected that the stockholders will benefit with the latest advancements. The controlled mineral rights of the company in Nevada region have increased over 24500 acres which is another plus in the papers of stock owners.