Tuesday, October 13, 2009


So far so good. The price held on Monday, and on Tuesday the stock jumped nearly 30% on a high volume, probably on this news:

Timberline Resources: Pump Up the Volume
(10/13/09 Market Watch)

"COEUR D'ALENE, Idaho (TheStreet) -- Timberline Resources (TLR Quote) shares rallied sharply higher Tuesday on heavy volume after the company increased its gold mineralization estimate on a joint venture project. "

"Timberline Resources said it has completed an updated calculation of the estimated gold mineralization at its Butte Highlands Gold Project joint venture, increasing its total anticipated mineralization to over 750,000 ounces of gold at an overall grade of 0.26 ounces per ton. "

Gold hitting a new high of $1069 per ounce helped.

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