Since taking the helm of Timberline Resources (TSXV: TBR; NYSE: TLR) on Jan. 1, Kiran Patankar has wasted little time getting down to work and enlarging the junior’s footprint in Nevada.
The former investment banker completed a deal this week to acquire an option for 100% of Gunpoint Exploration’s (TSXV: GUN) Talapoosa project, a low sulphidation property with a defined resource of over a million ounces of gold in the Walker Lane trend of western Nevada, about 45 km east of Reno, in Lyon County.
“This is a project that we believe has excellent potential to get into production on a fairly accelerated timetable, and it is consistent with adding resources in our backyard at reasonable acquisition metrics,” Patankar tells The Northern Miner. “We’re very excited about its potential to generate near term gold production and cash flow.”
Read the complete article at NorthernMiner.com/timberline