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Timberline Resources Corporatio Message Board

  • tajunkie tajunkie Jun 23, 2011 10:32 PM Flag

    Spencer, Idaho is only 140 miles from Butte, Montana.

    Spencer Idaho should be the next project IMHO. Just look at the numbers taken straight from the Timberline website.

    The Spencer Gold Project covers 640 acres on the western end of the Kilgore-Spencer Trend, a northeast-trending belt of rhyolite volcanics known to host epithermal gold-silver mineralization. The project is located about four miles east of Spencer, Idaho, just south of a privately-held opal mine. The Company believes that the Spencer property has the potential to host both open-pit and underground gold deposits.

    The project area is six miles southwest of the Kilgore deposit, an epithermal ore body with a NI 43-101 compliant indicated and inferred resource of 487,000 ounces of gold from 16.7 million tons grading 0.03 ounces per ton (oz/t). The deposit was defined by nearly 200 core and reverse-circulation drill holes totaling over 125,000 feet, primarily by Echo Bay and Placer Dome in the 1990s. Although the existing resource is presented a possible open pit deposit, drilling has shown underground potential at Kilgore as well, with high-grade gold intercepts including 9.0 oz/t over 10 feet and 0.56 oz/t over 25 feet.

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    • I like that thought, George. The public roads are for the use of tax payers, right? The "lawsuit" threat might just be a few "concerned" citizens making noise. Time will tell. I can't remember the last time I ate a trout...

    • I have traded in and out of NAK, long and short, who is JVed with Anglo American on the Pebble Mine in SW Alaska. The reserves are world class, absolutely HUGE, but there are environmental issues in a earthquake prone area with major Salmon runs threatened should something go wrong.

      Anglo American has pledge 1.5 Billion in Project costs for their 50% share, so there is lots on the line for them as well as NAK.

      in the case of NAK, I am in agreement with the greenies in that a mine should not be developed due to the potential of harm to the environment there but it was a conclusion I came to a bit later as I learned more about the issues involved.

      In the case of TLR there are no issues noted except for road use and the inconvenience to drivers and folks that live on the road and as you noted George, site development is practically complete. So it is my opinion that the final go-ahead will go thru as planned and yes the greenies could do the old stall tactics play but in the end given rational minds prevail, the mine will come on line but I don't think they will challenge it as they have to pick their fights intelligently as well.


    • 'The final arbiter of this matter may well be the courts'

      OK Ed, we will see how it shakes out. Nothing to argue about because anything can happen and the little green men in suits may launch an attack but I am betting they will not since there are no environmental issues. Road dust and driver inconvenience is hardly an issue a clear thinking greenie would take before a judge. Even the greenies have to be somwhat discerning these days in this political climate.

    • believe whatever you want obviously you think you know what your taling about. There's counsel/paperwork/research/court appearances/council with defendent's attorney and filing fee's let alone a retainer so good luck with a few hundred dollars don't think that's going too far. Look we're getting off the subject and I don't have to prove a point.

    • I feel obliged to give you few more points regarding American litigation. It takes $150-200/hr to get a lawyer (to file court papers); it's in NYC by the way, must be cheaper in Montana. Court fee (paper admission) is about $500, if I remember correctly, and experienced lawyer will spend couple hours to file papers. Do your math.

    • worry not me if you can supply proof of wrong doing shut them down if it is a "frivolous level" then a counter suite is in order. Can you tie things up with Lawyers you sure can but you better have deep pockets cause lawyers don't cost a few hundred bucks. How long have you lived in America? When was the last time you got a lawyer for a few hundred bucks?

    • How long did you live in America? If you are willing to hire a lawyer then it will cost you few hundred bucks to file a lawsuit (don't worry, it includes "proof of wrongdoing"), and it will cost you couple grands to maintain this lawsuit on frivolous level; it's already enough to keep it alive for a year. Certainly, you can keep it longer if you are Ok to spend more serious money.

    • Only if they can supply the court with proof of wrong doing!

    • Certainly, yes. You can be stopped if you just decided to start construction. Did you ever hear what "court injunction" means?

    • So I can stop any large factory or any business anywhere in the country just by filing a lawsuit. For instance GM's largest plant ('too much noise').

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