Monday, 23rd July 2007 (2117 views)

Timberline Resources has bought the Butte Highlands gold project in Montana, it has been revealed.

Butte Highlands is located south of Butte, Montana, within a geologic area that has hosted several multi-million ounce gold deposits including Golden Sunlight and Butte.

Orvana Minerals reported on the mineral resources in the gold project in 1997, estimating a mineral resource in the Nevin Hill area of 583,253 tonnes grading 0.335 ounces per tonne measured and indicated gold and 1,259,263 tonnes grading 0.268 ounces per tonne of inferred gold.

"We believe that there is excellent potential to increase the historic resource estimates at Butte Highlands, both along strike and down-dip, as well as a realistic opportunity for near-term production," commented vice president of exploration at Timberline, Paul Dircksen.

He added that the company is "particularly encouraged" by progress at the nearby and Golden Dreams project.

Some of the highest grade gold intercepts at Butte Highlands include 49.8 feet of 0.651 ounces per tonne and 11.5 feet of 1.996 ounces per tonne from surface drilling.

 

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