Timberline Res. - Silver Valley

TBLC.PK (TIMBERLINE RES)
http://www.timberline-resources.com
Company contact: Bill Hoyt, director. 785-383-9246 bill@hoytstation.com
6 million shares outstanding.
@ $.60/share
$4 mil MC
The Company has acquired seven mineral prospects to explore. These prospects are located in Nevada, Idaho and Montana.
Timberline to Lease Montana Properties to Sterling Mining Thu, Aug 26 - Business Wire
The Montana property is near the property owned by Mines Management.
Silver Property: Minton Pass project: 20 claims containing Revett formation silver/copper project in Northern Montana. At least 5 drill holes were drilled on or near the claim group in the 1970s and 1980s. A 1971 geologic report indicates that mineralized outcrops of Revett quartzite containing bornite and other copper minerals could be traced for about 1 mile along strike of the outcrop.A short adit was driven to expose the mineralization.Sampling results showed a stratographic thickness of 16.7 feet that averaged .7% copper and 1.78 opt silver.
Detailed work plans are under development, pending acquisition and study of prior exploration data.
--Feb, 2005, finalized and signed an agreement with Hecla to earn 49% of their Snowstorm Project/Mine:
The Snowstorm Mine-- a small but highly profitable operation from the early-1900s that produced 800,000 tons of ore averaging 4-percent copper and 6 ounces per ton silver.

TIMBERLINE RESOURCES CORP. (OTC: TBLC) (9/23/04) 1
WALL STREET REPORTER®
(Interview of September 23, 2004)
Timberline Resources Corp.
OTC:TBLC
Stephen Goss
President and Director
Timberline Resources Corporation is a Spokane-based junior
mineral exploration company focused on the cost-effective
acquisition, exploration, and development of promising
mineral properties in the western United States.
http://www.timberline-resources.com Phone: 509-747-5225
Stephen Goss, President and Director, spoke with Wall
Street Reporter Magazine on September 23, 2004.
WSR: Could you start with an overview of the company?
TBLC: We began operations as Timberline only about
nine months ago, after the reverse takeover of another
small inactive mining company. We intend to be an
exploration group. That is our focus.
Since we’ve taken over management of the company,
we’ve updated the corporate accounting and shareholder
records and raised some initial seed capital. Our business
model will focus on acquiring undervalued exploration
properties and conducting preliminary geologic work to
identify drill targets. At that point, we may look for
joint venture partners to help fund further exploration.
TIMBERLINE RESOURCES CORP. (OTC: TBLC) (9/23/04) 2
WALL STREET REPORTER®
WSR: Tell us about the projects and properties, and
where you are in terms of exploration, studies, sampling,
drilling, etc?
TBLC: Thus far we’ve acquired an interest in 11
mineral prospects located in three states. The most
exciting one to us is our recently-announced Snowstorm
Trend project. We’ve signed a Letter of Intent with Hecla
Mining Company to explore an area around the Snowstorm mine
in northern Idaho. The project area includes patented
mineral rights held by Hecla and unpatented mining claims
staked by Timberline.
The agreement calls for an earn-in arrangement where
Timberline will agree to spend $250,000 in exploration
expenditures prior to October 2006 to earn a 49% interest
in the project. At that time, Timberline will propose a
second phase exploration program. Hecla will review the
data we have collected and our proposed exploration plan,
and can either elect to participate with their 51% interest
or withdraw from the venture and retain a royalty interest.
The Snowstorm is located northeast of Mullen and the
Lucky Friday mine in what’s known as the Copper Belt of the
Coeur d’Alene district. The mine operated in the early
1900’s. It was a small ore body consisting of disseminated
copper and silver mineralization in quartzites of the
TIMBERLINE RESOURCES CORP. (OTC: TBLC) (9/23/04) 3
WALL STREET REPORTER®
Revett Formation. This deposit is similar to some of the
large ones in Montana -- Rock Lake, now called Montanore,
Troy, and Rock Creek. However, the grades at the Snowstorm
were much higher, around 4% copper and 6 ounces of silver
per ton -- about five times the grade of the other
disseminated Revett deposits that are now known.
So far, the Snowstorm is the only disseminated deposit
that has been found with these high grades of copper and
silver. We feel the project area is definitely elephant
country. There are multiple targets both for another
Snowstorm-type, and for a larger, massive tonnage, lowergrade
deposit. So we are very excited about this project.
It’s also great to have a partner like Hecla, a 100-yearold
mining company.
Moving on, in southeastern Idaho, our Spencer Gold
property is located near Idaho Falls. Spencer lies within a
northeast-trending belt of volcanic rocks that extend into
West Yellowstone. Our property is about six miles southwest
of the existing Kilgore deposit.
At Kilgore, a near surface low-grade resource of about
0.5 million ounces has been defined. Kilgore Minerals has
also recently announced some deep high-grade gold
intercepts away from their known resource area.
TIMBERLINE RESOURCES CORP. (OTC: TBLC) (9/23/04) 4
WALL STREET REPORTER®
We see several analogies between our Spencer property
and the Kilgore property. The surface geochemistry on both
is similar, and we believe this mineralization represents
the upper levels of an epithermal gold system. In other
words, we’re just seeing the very top of this system. Our
Spencer property has never been drilled, so we feel a
couple of drill holes could turn this into a very exciting
situation.
In Nevada, we’ve acquired an interest in five
properties. These are located south of Gabbs and the
Paradise Peak mine. The main prospect there is the Olympic
mine, which produced gold from a one-ounce gold vein in the
1920’s. There are also several disseminated targets on the
Olympic claim group, around a series of old, hand-dug pits
and shafts. So we see multiple targets for both a highgrade
and a disseminated lower-grade gold system.
East of the Olympic property in the Cedar Mountains,
we have four additional gold properties. Fieldwork this
summer has shown that there is at least one drill target on
each of these satellite properties. Together, the five
claim groups represent a lot of valuable and scarce real
estate on a defined mineral trend in Nevada, where millions
of dollars of exploration funds are being spent every year.
TIMBERLINE RESOURCES CORP. (OTC: TBLC) (9/23/04) 5
WALL STREET REPORTER®
We feel that this will be an attractive property package to
joint venture.
Finally, earlier this year we acquired data on a
number of early stage Revett Formation copper/silver
properties in western Montana. We staked unpatented mining
claims on four of those target areas. Since these prospects
are valuable, but a little bit more than our small company
could comfortably handle, we looked for a partner for this
project. We approached Sterling Mining Company, a Coeur
d’Alene, Idaho-based exploration company, and they have
agreed to lease the four properties from us. The deal gives
us some needed cash and lets Timberline retain an interest
in the prospects.
We feel that in only nine months we have accumulated
an impressive group of properties.
WSR: In addition to these joint ventures and strategic
alliances, will the company look to additional acquisitions
as a catalyst towards continued growth?
TBLC: Yes. We are actually in the process of trying to
finalize the acquisition of two more silver properties in
Nevada. We hope to do that before the end of the year.
WSR: What can you tell us about the key players on
board at the company, your management team?
TIMBERLINE RESOURCES CORP. (OTC: TBLC) (9/23/04) 6
WALL STREET REPORTER®
TBLC: I was a landman with Kennecott Exploration
Company and U.S. Borax for many years. I worked with the
Borax group that discovered the Montanore deposit in
western Montana, which is one of the large Revett-hosted,
copper-silver deposits.
The exploration targets have been put together by our
geologists. Randy Anderson is a retired geologist who
worked for Hecla for many years, at their Republic property
and at the Lucky Friday mine, where he was involved in
underground exploration and grade control.
Vance Thornsberry has been a consulting geologist
since 1982. He has worked all over the world and is
responsible for our Nevada properties. Vance is an
excellent geologist with many contacts throughout the
industry.
Our secretary/treasurer is Tom Gurkowski. He is
president of Inland Empire Tax Service and holds an MBA
from Gonzaga University.
WSR: Do you think the investment community understands
this company, its direction and the potential here, given
the current stock price?
TBLC: We are so new that no, we don’t think we are
well understood. We have focused on getting the company
going over the last nine months and acquiring properties.
TIMBERLINE RESOURCES CORP. (OTC: TBLC) (9/23/04) 7
WALL STREET REPORTER®
We felt that was the key thing; if we got good assets then
the story would develop around that, and so we are just
starting now to get the story out about what we have.
WSR: In closing, let’s just recap a bit here. Why
should investors consider Timberline Resources as a longterm
investment opportunity?
TBLC: We have a very tight share structure, only 5.7
million shares outstanding. We have excellent assets in our
mineral properties, all of which have the potential for a
significant discovery, so the company is highly-leveraged
to both mineral discovery and to a rise in the price of
gold, silver or copper. We think Timberline Resources
Corporation is an excellent investment for the long term.

Präsentation:

http://www.timberline-resource…ages/SilverSummitII.ppt#2