Timberline Resources Appoints New Independent Director to Its Board of Directors
04 11월 2011 - 9:00PM
Marketwired
Timberline Resources Corporation (TSX VENTURE:TBR)(NYSE Amex:TLR)
("Timberline" or the "Company") is pleased to announce the
appointment of Troy J. Fierro to the Company's Board of Directors.
Mr. Fierro is a successful mining engineer with over 25 years of
industry experience. He was the Chief Operating Officer with
Fronteer Development Group Inc., and has held executive positions
with Metallica Resources Inc., and Coeur d'Alene Mines where he has
overseen the development, construction and management of mines in
Nevada, Mexico, Argentina, Chile and Alaska.
Paul Dircksen, Timberline's President and CEO, commented, "We
are very pleased to add Mr. Fierro to our Board, as he greatly
strengthens our operational expertise and clearly demonstrates our
intent and ability to advance our Butte Highlands and South Eureka
projects toward production".
In connection with his appointment, Mr. Fierro has been granted
100,000 options to acquire common shares of Timberline at an
exercise price equal to the fair market value of the stock at the
time of the grant of US$0.70 per share, vesting immediately, and
with a term of five years. Mr. Fierro has also been appointed to
the Company's Audit Committee.
About Timberline Resources
Timberline Resources Corporation is exploring and developing
advanced-stage gold properties in the western United States. The
Company is primarily focused on the goldfields of Nevada, where it
is advancing its flagship Lookout Mountain Project toward a
production decision while exploring a pipeline of quality
earlier-stage projects at its South Eureka Property and elsewhere.
Timberline also features a 50-percent carried-to-production
interest at its Butte Highlands Joint Venture where gold production
is slated to commence early in 2012. Timberline management has a
proven track record of discovering economic mineral deposits and
developing them into profitable mines.
Timberline is listed on the NYSE Amex where it trades under the
symbol "TLR" and on the TSX Venture Exchange where it trades under
the symbol "TBR".
Statements contained herein that are not based upon current or
historical fact are forward-looking in nature. Such forward-looking
statements reflect the Company's expectations about its future
operating results, performance and opportunities that involve
substantial risks and uncertainties. These statements include but
are not limited to statements regarding the timing, terms and value
of the Company's sale of Timberline Drilling, the timing or results
of the Company's drill programs at Butte Highlands and South
Eureka, the timing of assay results from such drilling programs
being released, the district-scale potential of the South Eureka
project, the expansion of the mineralization at the South Eureka
project, the timing of a production decision at the South Eureka
project, the Company's 50/50 joint venture with Highland Mining
LLC, the development and production of the Company's Butte
Highlands project and South Eureka project, the targeted production
date for the Butte Highlands project, results of the Company's
drilling subsidiaries, possible growth of the Company and the
Company's expected operations. When used herein, the words
"anticipate," "believe," "estimate," "upcoming," "plan," "intend"
and "expect" and similar expressions, as they relate to Timberline
Resources Corporation, or its management, are intended to identify
such forward-looking statements. These forward-looking statements
are based on information currently available to the Company and are
subject to a number of risks, uncertainties, and other factors that
could cause the Company's actual results, performance, prospects,
and opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements. Factors that could
cause or contribute to such differences include, but are not
limited to, risks related to the timing and completion of the
drilling programs at Butte Highlands and South Eureka, risks and
uncertainties related to mineral estimates, risks related to the
inherently dangerous activity of mining, and other such factors,
including risk factors discussed in the Company's Annual Report on
Form 10-K for the year ended September 30, 2010. Except as required
by Federal Securities law, the Company does not undertake any
obligation to release publicly any revisions to any forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Timberline Resources Corporation Paul Dircksen CEO
208.664.4859
Timberline Resources (QB) (USOTC:TLRS)
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