Timberline Resources Corporation (OTCMKTS:TLRS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.
Effective August 28, 2018, the Company appointed Mr. Donald McDowell as Vice President of Corporate Development in addition to his current role as a Company director. He has over 30 years of geological exploration, property evaluation, and development experience focused primarily on the mineral exploration industry in Nevada. Since 2008, he has served as the President of Americas Gold Exploration Inc., a private company dedicated to Nevada mineral exploration. In late 2017, he was instrumental in the acquisition of the Carlin Vanadium Property by Cornerstone Metals. Previously, he spent 17 years with major mining corporations including Nippon Mining of Japan, Santa Fe Pacific Gold and Kennecott Exploration, where he was involved in exploration, resource/reserve evaluations, and mine development. Mr. McDowell is a registered professional land surveyor in the State of California.
Mr. McDowell does not have a family relationship with any other member of the Board of Directors or any executive officer of the Company, and Mr. McDowell has not been a participant or had any interest in any transaction with the Company that is reportable under Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. McDowell will receive a base salary of $5,350 per month.
Item 7.01 Regulation FD Disclosure.
On August 29, 2018, the Company issued a press release entitled, “Timberline Commences Drilling at Elder Creek, Gravity Survey at Eureka, and Announces Management Changes”. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form8-K, the information in this Item 7.01, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section18 of the Exchange Act, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
99.1
Press Release of Timberline Resources Corporation dated August 29, 2018.*
* Furnished to, not filed with, the SEC to Item 7.01 above.
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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TIMBERLINE RESOURCES CORPORATION |
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Date: August 28, 2018 |
By: |
/s/ Steven A. Osterberg |
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Steven A. Osterberg Chief Executive Officer |
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press Release of Timberline Resources Corporation dated August 29, 2018.*
* Furnished to, not filed with, the SEC Timberline Resources Corp ExhibitEX-99 2 ex99.htm PRESS RELEASE Timberline Resources EXHIBIT 99.1 FOR IMMEDIATE RELEASE Timberline Commences Drilling at Elder Creek,…To view the full exhibit click here
About Timberline Resources Corporation (OTCMKTS:TLRS)
Timberline Resources Corporation is an exploration-stage company. The Company is engaged in mineral exploration business. The Company holds interests in mineral prospects for exploration in Nevada and Montana mainly for target commodities of gold and silver. The Company’s property, Eureka (Battle Mountain/Eureka Trend), has an area of approximately 16,000 acres. The Eureka property is located in the southern part of the Eureka mining district of Eureka County, Nevada. Its ICBM Joint Venture Project (Timberline/Barrick) is located in the Battle Mountain Mining District, Lander County, Nevada. Seven Troughs is an epithermal gold district. The Company’s properties comprise approximately five epithermal gold targets, of which over four are in western and northern Nevada and approximately one is in northeast California; over three Carlin-type gold prospects within the Battle Mountain-Eureka and Carlin gold trends in Nevada; and approximately one gold-bearing skarn in central Nevada.
