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.
On July 27, 2017, Mr. Robert Martinez informed the Board of Directors of the Registrant that he is retiring and would not stand for re-election at the Registrant’s 2017 Annual General Meeting of Shareholders. Mr. Martinez’s determination not to stand for re-election did not arise from any disagreement with the Registrant, known to an executive officer of the Registrant, or from any matter relating to the Registrant’s operations, policies or practices. to Mr. Martinez’s determination not to stand for re-election, Mr. Martinez will effectively resign from the Board on September 25, 2017 immediately following the Registrant’s Annual General Meeting of Shareholders and the size of the Board will be reduced from six directors to five.
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.
