Gold Intersected In Southern Extension Of Water Well Zone At Eureka Project

COEUR D'ALENE, ID - Timberline Resources Corporation reported on the first four holes of the 2022 drilling program at the Eureka Project in Nevada. The holes tested the central and southern sections of the Water Well Zone (WWZ) to the east of the Lookout Mountain gold resource. They totaled 1,470 meters and consisted of pre-collars by reverse circulation (RC) drilling completed by core to depth.

All four drill holes encountered significant gold mineralization and confirmed that the WWZ hosts an extensive area of gold mineralization in the Cambrian-aged Dunderberg Shale and upper Hamburg Dolomite. Two of the holes, BHSE-223C and 224C, offset mineralized RC holes previously announced (BHSE-187 and BHSE-209). BHSE-226C and 230C were south and north step outs from highly-mineralized drill hole BHSE-212C, which was reported during the first quarter

Patrick Highsmith, President and CEO, said, "We've begun the 2022 drill results reporting season with four solid drill intercepts in the Water Well Zone. Most importantly, we see another thick run of >3 g/t gold mineralization that pushes the zone 75 meters farther south. The map reveals how wide open this part of the system is. We have several more holes planned that will test the zone to the south, east, and west. We are also pleased to see the footprint of the WWZ filling in with the confirmatory core holes in the vicinity of previous hits from reverse circulation drilling. We continue to deliver on our objective of defining more high-grade beyond existing known resources at Eureka - three of four holes in this batch of results include assays greater than 10 g/t gold."