2021 Exploration Campaign To Follow Up Historic Data
Timberline Resources Corporation (TSXV:TBR) has revealed its exploration plans for the 2021 field season at its 100%-controlled Eureka Project in Nevada.
The plans are built upon historic work and results from the 2020 program that improved understanding of district and local controls on high grade (≥ 3 g/t) gold.
The proposed 2021 campaign features approximately 6,000m of drilling, 20 line-km of Controlled-Source Audio Magnetotellurics (CSAMT), and 30 line-km of IP/Resistivity (IP) along with geologic mapping and 3D modelling.
President and CEO, Patrick Highsmith, said the Lookout Mountain resource will be tested for expansion in three areas having drill holes with intercepts of high-grade Carlin-type (CT) gold. Drilling is also being considered on the Company’s patented claims at the historic Windfall Mine where previous drilling intercepted high-grade gold.
The Oswego Target will be advanced to follow-up on historic surface sampling, which included 85.7m @ 12.38 g/t gold in outcrop.
“We have significantly advanced our understanding of the higher-grade gold at Eureka. In 2020, we saw the interplay of favourable host rocks with structure and collapse breccias, yielding near-surface high-grade, oxide gold in drilling,” Mr Highsmith said.
“Last year’s geophysics and drilling identified several key structures, which we are now developing into prime targets for more drilling.
“We are planning for a very significant exploration program in 2021, focusing on high-value targets that build on the higher-grade portions of the Lookout Mountain Resource.”
The 2020 district exploration programme included geologic modeling, geophysics (IP and gravity), and a drill program that advanced several exploration targets along the Lookout Mountain Trend, the Windfall Trend, and the Oswego Target. However, drilling in 2020 was limited to the area around the historic Lookout Mountain Open Pit and eastward step-outs.
Mr Highsmith said Timberline remains focused on high-value exploration to demonstrate the multi-million-ounce potential of the Eureka Project. The results from the 2020 exploration program confirm that the Lookout Mountain Trend remains target-rich for gold discovery. Untested targets include faults newly recognised as potential feeders, multiple sections of favorable stratigraphy documented to host CT gold in the district and across Nevada, deeper geophysical anomalies, and high-grade surface gold occurrences such as at the Oswego road-cut,
Approximately 6,000m of reverse circulation (RC) and core drilling is anticipated to begin in the second quarter of 2021. The team aims to increase the ratio of core to RC drilling in order to improve the geological record in key areas.
Drilling will be prioritised on the high-grade target areas discussed in this release, including the Water Well-North Lookout, South Lookout, and Rocky Canyon Zones.
