Timberline News Outcome from 2022 Exploration at the Eureka Task, Nevada

January 17, 2023

COEUR D’ALENE, ID/ ACCESSWIRE/ January 17, 2023/ Timberline Resources Company (OTCQB: TLRS)( TSX-V: TBR) (” Timberline” or the “Firm”) reports the last drill arises from the 2022 exploration program at its 100%- managed Eureka Task in Nevada. 8 drill openings are reported below, consisting of 4 from the Water Well Area (WWZ), 3 from the Oswego target, and also one big march right into the South Pediment location (Number 1). 6 of the 8 openings were pierced with ruby core (or a pre-collar with reverse flow and also core tail), and also 2 of the openings were finished with reverse flow just. These 8 openings comprise roughly 2,549 meters of the just recently finished 6,662-meter drill program at Eureka.

Each of the openings in the WWZ experienced considerable Carlin-type gold mineralization, validating that the basic call of the Dunderberg development is constantly mineralized over a big location. 3 drill openings (BHSE-225C, 231C, and also 241C) near BHSE-212C (the most effective opening in the southerly component of the WWZ, see Firm press release dated March 24, 2022) produced considerable densities of gold varying from 8.5 to 29.0 meters.

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Emphasizes from this stage of exploration are consisted of listed below. These are drill opening sizes making use of a cut-off quality of 0.3 g/t for gold; real density is not yet understood:

  • BHSE-225C: 29.0 m at 1.06 grams per tonne (g/t) gold from 294.7 m deepness, consisting of

  • BHSE-231C: 8.5 m at 2.38 g/t gold from 303.9 m deepness, consisting of

  • BHSE-241C: 1.5 m at 3.40 g/t gold from 305.4 m deepness;

  • BHSE-241C: 25.9 m at 0.72 g/t gold from 314.6 m deepness; consisting of

Patrick Highsmith, Timberline’s Head of state and also chief executive officer commented, ” These results from the 2022 drill program strengthen the degree of the mineralization at the call in between the Dunderberg and also Hamburg developments. We are constantly discovering gold at this call, however it’s likewise clear that the many mistakes are producing voids, along with areas of enrichment, in the Water Well Area down payment. Our understanding of these mistakes is significantly enhanced with the brand-new core exploration, and also we expect touching even more of the high quality with the 2023 program. Our team believe we are inside the impact of a substantial exploration at Water Well, and also the most effective possibility for growth by surface area exploration exists to the eastern and also southern.”

Geology and also Analysis of the WWZ Outcomes

The 4 core openings in the southerly component of the WWZ were guided at filling out the geological information around the thick area of top-quality gold run into in BHSE-212C. That drill opening travelled through really strong collapse breccias at the call in between the Dunderberg and also Hamburg developments that were extremely carbonized and also clay-altered and also penetrated by arsenic and also fine-grained pyrite. The heart of that 41.0-meter-thick period consisted of 19.8 m averaging 9.5 g/t gold. These areas of extremely modified and also mineralized breccia are thought to be ideal established near mistakes. The current exploration has actually verified connection of the WWZ mineralization to the eastern, west, and also north from BHSE-212C, however the assays likewise returned reduced qualities in each of these intercepts.

BHSE-225C was caught roughly 35m west of BHSE-212C, and also BHSE-231C lay roughly 56m eastern of the top-quality opening. BHSE-241C was pierced likely to the west from the very same drill pad as BHSE-231C such that it passed through the target perspective roughly 20m north of the gold obstruct in BHSE-212C. The sample in Number 2 reveals the geometry of these brand-new drill openings about the earlier drill openings and also the geology of the location.

Cautious evaluation of the drill core and also assay information recommends that the top-quality obstruct in BHSE-212C inhabits a topographic reduced or trough within the top of the Hamburg development. The Dunderberg development likewise shows up to slim a little bit to the eastern. These sensations are probably pertaining to several mistakes in the location (received blue with enigma on the sample), which compare the crucial Dunderberg-Hamburg call right into close closeness with the crucial Highwall Mistake. The setting of any type of specific drill opening about these freshly understood mistakes and also the Highwall or Hidden Regular mistakes might be a component of the density and also quality of gold in this component of the WWZ. These type of voids and also irregularity in quality and also density are anticipated in Carlin-type down payments when cut right into sectors and also balanced out by many mistakes.

Notably, the top-quality area was currently prolonged roughly 75m to the south with drillhole BHSE-226C (22.8 m at 4.39 g/t gold, consisting of 7.6 m at 11.56 g/t gold, as reported in a Firm press release outdated September 14, 2022). The top-quality section of the WWZ continues to be untried to the south and also southeast for greater than 500m. Pierce opening BHSE-228C in this stage of outcomes was a balanced out of roughly 60m southwest from BHSE-226C. The mineralized call existed in this opening at the anticipated deepness, however it consisted of just 15.2 m of 0.57 g/t gold.

The Hunt Hill gold source proceeds for greater than 1.0 kilometre southern from this most recent exploration. Therefore, Timberline rock hounds anticipate comparable downdip targets, such as the WWZ, to take place in positive setups along its eastern front. BHSE-229C was the Firm’s initial effort to go after the Dunderberg-Hamburg call right into this South Pediment location. While the drill opening did not reduce considerable top-quality mineralization, it did experience 3.7 m that balanced 0.63 g/t of oxide gold mineralization on top of the Hamburg development underneath structurally thinned Dunderberg development. There is clear proof of significant faulting in the red, so the group will certainly be functioning to much better recognize the geology below prior to complying with up.

Geology and also Analysis of the Oswego Outcomes

This round of exploration did not return considerable gold arises from the Oswego target. 2 of the 3 openings (BHSE-232 and also 235) in this field were RC openings targeted at screening for considerable developments of the surface area and also superficial drill suggested gold mineralization along this significant mistake framework. BHSE-232 did not experience the western splay of the Dugout Passage mistake as anticipated, so this indicates that a significant break in between Cambrian and also Ordovician rocks is most likely in between below and also the IP abnormality inhabiting the Graben Area.

The area of BHSE-235 was determined partially by roadway gain access to as a result of the high topography at Oswego. It was an upright opening right into the Eldorado dolomite, which is an essential host of silver in the area. There was strange gold over regarding 37m of the opening, consisting of 1.5 m of 0.34 g/t, however there was silver mineralization averaging 2.25 g/t over roughly 27m. As is common of the Carbonate Substitute Down Payments (CRD) of the area, the silver is related to raised antimony, lead, and also zinc.

Timberline likewise pierced the initial core opening ever before right into the Oswego target, BHSE-240C. The opening was intended to the eastern beneath the solid surface area and also superficial drill suggested gold reported in late 2021 and also very early 2022. Once more, the gold outcomes were listed below assumptions (29m of weakly strange gold with an optimum assay of 0.35 g/t), however there was a 15m area of enriched silver (> > 1.0 g/t) come with by antimony, lead, and also zinc.

The superficial gold at Oswego continues to be available to the north and also northeast, however it shows up to inhabit an intricate mistake system that might abbreviate or counter it at deepness. Silicification and also sulfidation are extreme over a big location, and also this is brand-new proof of CRD-type veining and also substitute design mineralization that might comprise a different target.

This finishes the coverage of arise from the 2022 drill project. Table 1 consists of the area and also positioning information of the drill openings reported in this launch.

Table 1 – Place and also Various Other Information for New Eureka 2022 Drill Holes

Drillhole

Azimuth

Disposition

Kind

Easting (m) *

Northing (m) *

Complete Deepness (m)

BHSE – 225C

0 °

-90 °

RC/Core

586,390

4,362,875

422.8

BHSE- 228C

0 °

-90 °

RC/Core

586,385

4,362,762

380.1

BHSE- 229C

0 °

-90 °

RC/Core

586,555

4,362,167

228.6

BHSE- 231C

0 °

-90 °

RC/Core

586,482

4,362,874

347.8

BHSE- 232

0 °

-90 °

RC

587,193

4,363,137

365.8

BHSE- 235

0 °

-90 °

RC

587,477

4,363,091

274.3

BHSE- 240C

078 °

-50 °

Core

587,366

4,363,069

181.2

BHSE- 241C

285 °

-80 °

Core(* )586,482(* )4,362,874

348.1

*- UTM Area 11N NAD 83

Tasting Approach, Chain of Custodianship, Quality Assurance and also Quality Control

Reducing and also tasting of core examples was guided by Timberline agents. Employees from Timberline or the exploration service providers moved the examples to Timberline’s protected Eureka center, where the examples were gotten by workers from ALS U.S.A. Inc. (ALS) or supplied to ALS for example prep work in Elko, Nevada. Quality assurance was checked by the insertion of many blind licensed common referral products, area replicates, and also spaces right into each example delivery. Pierce examples were appraised by ALS for gold by fire assay of a 30-gram cost with an AA or ICP-ES surface (ALS code Au-AA23). The overlimits for gold examples appraising over 10 g/t were established by a 30-gram fire assay with gravimetric surface. Acceptable outcomes were accomplished for all quality assurance examples associated with the information reported here. Furthermore, gold mineralized examples were sent for multi-element evaluation (33 aspects) by four-acid food digestion and also ICP-ES resolution (code ME-ICP61).

Steven Osterberg, Ph.D., P.G., Timberline’s Vice Head of state Expedition, is a Competent Individual as specified by National Tool 43-101 and also has actually examined and also authorized the technological materials of this launch. Dr. Osterberg is not independent of the Firm as he is a policeman.

Concerning Timberline Resources

Timberline Resources Company is concentrated on providing top-quality Carlin-Type gold explorations at its district-scale Eureka Task in Nevada. The Eureka Residential or commercial property consists of the historical Hunt Hill and also Windfall mines in an overall building setting of roughly 27 square miles (70 square kilometers). The Hunt Hill Source was reported in conformity with Canadian NI 43-101 in an Upgraded Technical Record attentive Hill Task by Mine Growth Associates, Effective March 1, 2013, submitted on SEDAR April 12, 2013 (see cautionary language listed below).

Source Group

Tonnage

( million brief heaps)

Quality
( oz/ton)

Quality
( grams/tonne)

Included Au
( troy oz)

Gauged
3.04

0.035

1.2

106,000

Shown

25.90

0.016

0.6

402,000

Presumed

11.71

0.012

0.41

141,000

The Firm is likewise driver of the Paiute Joint Endeavor Task with Nevada Gold Mines in the Fight Hill Area. These homes push the respected Fight Mountain-Eureka gold pattern. Timberline likewise manages the 7 Troughs Task in north Nevada, which is just one of the state’s highest-grade previous gold manufacturers. Timberline manages over 43 square miles (111 square kilometers) of mineral legal rights in Nevada. Topographic maps and also mineral sources approximates for the Eureka Task and also NI 43-101 technological records for its tasks might be checked out at http://timberlineresources.co/.

Timberline is detailed on the OTCQB where it trades under the icon “TLRS” and also on the TSX Endeavor Exchange where it trades under the icon “TBR”.

In support of the Board of Supervisors,

” Patrick Highsmith”

Head Of State and also Chief Executive Officer

Tel: 208-664-4859
Progressive Declarations:
Declarations included here that are not based upon present or historic truth are progressive in nature and also comprise progressive declarations within the significance of Area 27A of the Stocks Act of 1933 and also Area 21E of the Stocks Act of 1934. Such progressive declarations mirror the Firm’s assumptions regarding its future operating outcomes, efficiency and also possibilities that entail significant dangers and also unpredictabilities. These declarations consist of however are not restricted to: declarations concerning the Eureka Task sources, expedition targets, and also exploration possibility, along with declarations concerning future removal procedures. When utilized here, words “expect”, “think”, “price quote”, “upcoming”, “strategy”, “target”, “plan”, “development”, and also “anticipate” and also comparable expressions, as they connect to Timberline Resources Company, its subsidiaries, or its monitoring, are meant to recognize such progressive declarations. These progressive declarations are based upon info presently offered to the Firm and also undergo a variety of dangers, unpredictabilities, and also various other elements that might trigger the Firm’s real outcomes, efficiency, leads, and also possibilities to vary materially from those shared in, or indicated by, these progressive declarations. Aspects that might trigger or add to such distinctions consist of, however are not restricted to, dangers associated with expedition tasks, dangers associated with mining tasks, dangers associated with prospective future purchases, dangers associated with the Firm proceeding as a going worry, dangers associated with the capacity to fund any type of repayments due, dangers associated with forecast growth choices, dangers associated with mineral source quotes and also various other such elements, consisting of threat elements reviewed in the Firm’s latest Yearly Record on Kind 10-K and also Quarterly Records on Kind 10-Q. Other than as needed by Federal Stocks regulation, the Firm does not embark on any type of commitment to launch openly any type of modifications to any type of progressive declarations.

Neither the TSX Endeavor Exchange neither its Policy Provider Company (as that term is specified in the plans of the TSX Endeavor Exchange) approve obligation for the competence or precision of this launch.

Mineral Resources:

Till natural resource are really extracted and also refined, mineral sources should be taken into consideration as quotes just. Mineral source quotes that are not identified as mineral gets do not have actually shown financial feasibility. The evaluation of mineral sources is naturally unclear, includes subjective reasoning regarding lots of appropriate elements and also might be materially impacted by, to name a few points, ecological, allowing, lawful, title, tax, socio-political, advertising, or various other appropriate dangers, unpredictabilities, backups and also various other elements defined in the foregoing Cautionary Statements. The precision of any type of mineral source quotes is a feature of the amount and also top quality of offered information, and also of the presumptions made and also judgments utilized in design and also geological analysis, which might confirm to be undependable and also depend, to a particular degree, upon the evaluation of exploration outcomes and also analytical reasonings that might eventually confirm to be imprecise. The amount and also quality of “presumed” mineral source quotes doubt in nature and also there has actually wanted expedition to specify “presumed” mineral source approximates as an “suggested” or “gauged” mineral source and also it doubts if additional expedition will certainly cause updating “presumed” mineral source approximates to an “suggested” or “gauged” mineral source group. It can not be thought that all or any type of component of a “presumed”, “suggested” or “gauged” mineral source price quote will certainly ever before be updated to a greater group consisting of a mineral get.

The mineral source approximates stated by the Firm were approximated, classified and also reported making use of criteria and also interpretations under appropriate Canadian safeties legislations controling the general public disclosure of clinical and also technological info worrying mineral tasks. As necessary, info defining mineral source approximates for the Firm’s tasks might not approach comparable info openly reported according to the appropriate needs of the USA Stocks and also Exchange Compensation, therefore there can be no guarantee that any type of mineral source price quote for the Firm’s tasks would certainly coincide had actually the quotes been prepared per such needs.

RESOURCE:

Timberline Resources Corp.

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