The results are from holes BHUG11-023 through BHUG11-033 in the company’s on-going 86-hole, 49,500ft underground diamond drill program which is designed for detailed delineation of the mineralization and for production planning purposes.
Timberline has a 50% carried-to-production ownership interest in the project, which is currently in the development/permitting stage and is scheduled to commence gold production in early 2012.
The company said that 19 intervals of gold grades greater than 0.10 ounce per ton (opt) (3.4 grams per tonne (g/t)) gold, including three intervals grading greater than 1.0 opt (34.2 g/t) gold were identified within the 11 holes.
These holes were drilled in the Only Chance Block from Drill Station DS-2.
Timberline is exploring and developing advanced-stage gold properties in the western US.
