07/20/2007 19:02 PM CDT Asked by blackjackoak
Bonanza Deposits


Press Release Source: Timberline Resources Corporation

Timberline Completes Acquisition of Conglomerate Mesa Project
Thursday July 19, 8:00 am ET

* District-Scale "Carlin-Style" Gold Target Presents
a Premier American Exploration Opportunity

* Surface Channel Sample by BHP Returned 40 Ft of
0.37 Oz/Ton Gold (within 140 Ft of 0.12 Oz/Ton)

* Formerly Producing Santa Rosa Silver-Lead-Zinc Mine
Included in Acquisition

COEUR D'ALENE, Idaho, July 19, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTC BB:TBLC.OB - News) today announced the finalization of a Lease / Option to Purchase Agreement for the Conglomerate Mesa Project in Inyo County, California. The project hosts structurally and stratigraphically controlled, sediment-hosted gold mineralization similar to the ``Carlin-type'' deposits of north-central Nevada.

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Since signing the Memorandum of Understanding (MOU) on the project last September, Timberline has expanded its land position at Conglomerate Mesa to 325 unpatented lode claims, covering more than 10 square-miles. The original property includes several mineralized gold zones identified by prior operators (Newmont and BHP-Billiton). The expanded property also includes the historic Santa Rosa Mine, a silver-lead-zinc occurrence which had limited production by several operators including Anaconda Copper.

Since signing the MOU, Timberline has also completed extensive data compilation and submitted a Plan of Operation to the Bureau of Land Management (BLM) and to Inyo County. The Plan will allow the reopening of an access road along with an initial 7-hole drill program to evaluate several areas of strong geochemistry. Timberline has also retained Klepfer Mining Services to perform the environmental and permitting services necessary to advance the project.

Timberline's V.P. of Exploration, Paul Dircksen stated, ``We are extremely pleased to finalize our acquisition of Conglomerate Mesa which, we believe, represents one of the premier gold exploration projects remaining within the Great Basin province of the western United States. The host rock lithology, alteration, geochemistry, and controls of mineralization bear striking similarities to well-documented Carlin-style gold mineralization and demonstrate excellent potential for a multi-million ounce gold discovery. With the Agreement now finalized, we are eager to proceed with exploration and drilling.''

Conglomerate Mesa was originally explored by Newmont while it was within the Cerro Gordo Wilderness Study Area (WSA). An initial 22-hole (10,360 feet) reconnaissance drill program focused primarily on just one of the property's mineralized zones (``Resource Area'') outlining a mineralized resource estimate pre-dating (and not compliant with) NI 43-101 standards totaling 175,000 ounces of gold contained in 3-million tons grading 0.06 ounces per ton (oz/t). Highlights from the Newmont drill program include the following:

07/20/2007 15:45 PM CDT Asked by blackjackoak
Good News on Arian Silver:

Arian Silver targeted to rise to $0.90 a share

Arian Silver – A Value Play with Upside

Being the second, third or fourth company to acquire an asset can make life a whole lot easier for management teams. They have lots of historical data to work from, to form new interpretations. And if they’re really lucky, they have an established resource already.

I think Arian Silver (AGQ-TSXv) has been really lucky.

I introduced Arian to readers in September 2006 (click here) after they optioned 100% of the Tepal porphyry project in southern Mexico. It already had 75 million tonnes of ore that contained 1.2 million ounces of gold and over 400 million pounds of copper. They got it for almost nothing and it has lots of expansion potential.

Arian is now drilling to confirm and expand that resource – which I think could value the stock close to $1, even if they find nothing more than what is already there. Arian now trades for 55 cents with great liquidity.

Let me explain.

43-101 compliant gold ounces in the ground – 43-101 meaning it has been drilled by a professional geologist and accepted by the exchange as valid – is worth about $75 per ounce right now, according to research from Canadian securities firms.

Assuming Tepal’s 1.2 million ounces holds true with this drilling, that creates a value of $US90 million – with Arian having 105 million shares out, that gives us a rough valuation of 89 or 90 cents a share– giving the copper no value, and giving no value for expansion. I see significant potential for more additional tonnage.

Hecla and Teck put together the historical resource at Tepal. They found strong copper values, but Hecla is a gold/silver company and Teck is more zinc - they just weren’t interested in copper – especially with copper at $0.60 for so long. The strong copper values could have been followed up, but weren’t. Arian Silver will very much be following up on old holes. One hole, outside the resource area, was 43 metres of 1% copper. No other drill holes were put around it. But that’s over US$60 rock in an open pit at today’s prices over $3/lb copper.

With that value in the ground, it means investors are getting exploration upside at the company’s 100% optioned San Jose silver mine in Zacatecas for free. Like Tepal, they optioned this project for very little cost. And because it is a former high grade producer, owned by the Mexican state company Penoles, there is a lot of historical data to read –old adits and workings to actually enter and experience. It was dropped because of low silver prices and it wasn’t a big enough asset in their opinion to justify their interest.

Arian is also drilling at San Jose now. Their first results should be out soon. The historical grade here is 9-10 ounces per ton silver over widths of 3-10 metres, wide enough for mechanized mining - which greatly lowers costs. Management is exploring a 4 km vein structure they believe could host 5 or more ore shoots totaling 75 million ounces silver plus significant base metal credits, especially zinc and some lead (both metals are near record high prices now).

Arian management says these credits were ignored by Penoles, as they were a silver company. Again, much like Hecla at Tepal, Penoles was looking for one thing but found another and didn’t care.

But I think there’s a good chance we will.

Arian silver still remains an exploration company, but both projects that are being drilled on right now have significant historical data. This data suggests that the operators at the time on Tepal were looking for gold/silver and found gold/copper – not what they were looking for.

The San Jose ore was high grade silver and was trucked to the Penoles’ Fresnillo mine - offsite. San Jose was shut down after silver prices collapsed, leaving behind (potentially) many high grade silver ore bodies with big base metals credits that add siginificantly to the economics.

With Arian trading at less than the valuation of Tepal alone, assuming a $75 per ounce in the ground valuation, Arian is a true value play with a great opportunity to become one of the largest junior silver producers in Mexico from the San Jose mine.



Gord Zelko, Publisher

07/18/2007 20:41 PM CDT Asked by blackjackoak
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