Timberline Receives Final Water Discharge Permit for Butte Highlands Gold Project
03 7월 2013 - 9:00PM
Marketwired
Timberline Resources Corporation (TSX VENTURE:TBR)(NYSE
MKT:TLR)(NYSE Amex:TLR) ("Timberline" or the "Company") announced
today that Butte Highlands JV, LLC ("BHJV") has received the final
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").
With this permit, BHJV is authorized to discharge treated ground
water encountered in the Butte Highlands Mine to four separate
receiving surface waters, (1) Basin Creek, (2) a tributary of Fish
Creek, (3) the Middle Fork of Moose Creek, and (4) a tributary to
the Middle Fork of Moose Creek. This discharge is to be in
compliance with the Montana Water Quality Act and the Federal Water
Pollution Control Act, and in accordance with effluent limitations,
monitoring requirements, and other conditions set forth in the
permit.
Timberline President and CEO Paul Dircksen commented, "We have
accomplished a significant objective at Butte Highlands with the
receipt of this final MPDES water discharge permit. We recognize
and appreciate the sustained efforts of our team, headed by Steve
Osterberg, as well as those at the Water Protection Bureau,
Permitting and Compliance Division of the MDEQ in achieving this
milestone. BHJV has recently re-mobilized a crew and equipment to
the site in order to conduct further exploration, development, and
construction in anticipation of mining once all the required
permits are obtained. 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 final MPDES water discharge permit that was issued by the
MDEQ may be viewed at
http://www.deq.mt.gov/wqinfo/mpdes/majorpermits.mcpx.
Timberline owns a 50-percent carried-to-production interest in
BHJV, which owns the Butte Highlands Gold Project where mining is
expected to commence later this year following U.S. Forest Service
approval of a road-use plan of operations for material haulage and
the MDEQ final hard rock operating permit. Timberline's joint
venture partner has and 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 mining 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 that are developed 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 exploration
and development plans and programs at Butte Highlands, including
the timing of obtaining necessary permits, the development of and
production at 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, and possible
growth of the Company and the Company's expected operations,
including potential development of an open pit extraction and 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, 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.
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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Timberline Resources (QB) (USOTC:TLRS)
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