Timberline Receives Draft Water Discharge Permit for Butte Highlands Gold Project
18 4월 2013 - 9:00PM
Marketwired
Timberline Resources Corporation (TSX VENTURE:TBR)(NYSE
MKT:TLR)(NYSE Amex:TLR) ("Timberline" or the "Company") announced
today that it has received a draft Montana Pollutant Discharge
Elimination System ("MPDES") water discharge permit for its Butte
Highlands Gold Project joint venture from the Montana Department of
Environmental Quality ("MDEQ"). Upon final approval, the permit
will authorize Butte Highlands JV, LLC ("BHJV") to construct and
operate a disposal system that treats ground water encountered in
the mine by a reverse osmosis system and discharges it to surface
waters in compliance with the Montana Water Quality Act and the
Federal Water Pollution Control Act.
Timberline President and CEO Paul Dircksen commented, "The
receipt of this draft MPDES water discharge permit marks another
critical milestone for the project and further underscores our
confidence that we will receive the final Hard Rock Operating
Permit in the coming months, with gold production to commence
thereafter. Our JV partner continues to fully fund the permitting
and development at Butte Highlands, as we work together to expedite
the process as much as possible."
The draft MPDES water discharge permit, fact sheet, and
environmental assessment outline and permit limits may be viewed at
http://www.deq.mt.gov/notices/WQnotices.mcpx. The final MPDES water
discharge permit is expected to be issued in June, following
completion of a public notice period, ending May 30, 2013.
Timberline owns a 50-percent carried-to-production interest in
BHJV which owns the Butte Highlands Gold Project where gold
production is expected to commence later this year, following the
issuance of the final hard rock operating permit. Timberline's
joint venture partner will continue to fund all mine development
costs through to commercial production with Timberline's share of
those costs to be repaid from proceeds of future mine
production.
About Timberline Resources
Timberline Resources Corporation is exploring and developing
advanced-stage gold properties in the western United States.
Timberline holds a 50-percent carried interest ownership stake in
the Butte Highlands Joint Venture in Montana where gold production
is targeted to commence in 2013. Timberline's exploration is
primarily focused on the major gold districts 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 management has a proven track record of discovering
economic mineral deposits and developing them into profitable
mines.
Timberline is listed on the NYSE MKT where it trades under the
symbol "TLR" and on the TSX Venture Exchange where it trades under
the symbol "TBR".
Cautionary Note
The Company clarifies that BHJV has decided to advance the Butte
Highlands Gold Project into production without first establishing
NI 43-101 compliant mineral resources supported by an independent
technical report or completing a feasibility study. A production
decision without the benefit of a technical report independently
establishing mineral resources or reserves and any feasibility
study demonstrating economic and technical viability creates
increased uncertainty and heightens economic and technical risks of
failure associated with the Butte Highlands project.
Forward-looking Statements
Statements contained herein that are not based upon current or
historical fact are forward-looking in nature and constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. 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 and results of the Company's continued
exploration and drill program at South Eureka and Lookout Mountain,
the timing of assay results from such drilling program being
released, the Company's ability to expand and upgrade the South
Eureka resource, the timing or results of the Company's drill
programs at Butte Highlands, including the timing of obtaining
necessary permits, the development and production of the Company's
Butte Highlands project and projects on its South Eureka property,
the potential life of the mine at the Butte Highlands project, the
targeted production date for the Butte Highlands project, targeted
date for production at South Eureka, the potential for a heap-leach
mine at South Eureka, targeted dates for the South Eureka technical
report and economic scoping study, and possible growth of the
Company and the Company's expected operations, including potential
development of an open pit extraction and run-of-mine heap leach
processing and operation at South Eureka. When used herein, the
words "anticipate," "believe," "estimate," "upcoming," "plan,"
"target", "intend" and "expect" and similar expressions, as they
relate to Timberline Resources Corporation, its subsidiaries, 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, whether or not the Company completes the purchase of
the Butte Highlands JV, LLC membership interests, 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, 2012. Except as required by Federal Securities
law, the Company does not undertake any obligation to release
publicly any revisions to any forward-looking statements.
Contacts: Timberline Resources Corporation Paul Dircksen CEO
208.664.4859
Timberline Resources (QB) (USOTC:TLRS)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Timberline Resources (QB) (USOTC:TLRS)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024