Timberline Resources Appoints Patrick Highsmith as President, CEO, and Director
[Click image to enlarge]
Timberline Resources Corporation has appointed Patrick Highsmith as president and chief executive officer. The appointment follows the recently completed $3.7 million financing led by Crescat Capital, along with the support of 3 additional precious metals investment funds, and the recent appointment of Dr. Quinton Hennigh to the company’s board of directors.
Patrick Highsmith has more than 30 years of international experience including operational, exploration and business development roles with major companies such as Newmont Mining, BHP, Rio Tinto, and Fortescue Metals Group. He also has co-founded, and/or acted as a director or senior executive in several junior companies. His junior company pedigree includes Canadian listed companies such as: Lithium One, Bellhaven Copper & Gold, Pure Energy Minerals, Idaho Champion Gold Mines, and FireFox Gold, for whom he is co-founder and chairman of the board. Highsmith has been involved with several significant discoveries and helped add value to those projects through various stages of economic advancement, partnerships, joint ventures, or sales. He has a long history with Dr. Hennigh, Chairman Leigh Freeman, as well as the current CEO, Steven Osterberg. Patrick holds degrees in Geological Engineering and Economic Geology (Geochemistry) from the Colorado School of Mines. He has specialized technical expertise in gold, copper, and lithium exploration.
Steven Osterberg will continue with the company as vice president exploration and director. This transition enables Dr. Osterberg to focus more of his time leading the company’s technical work at its flagship Eureka gold project as well as its other Nevada gold projects, Seven Troughs, and Paiute. Dr. Osterberg is currently overseeing Timberline’s recently commenced reverse circulation and diamond drill program at Eureka.
“Our unique board and technical team bring together ore finders with deep Nevada experience as well as savvy market players and strategists. We believe Patrick is the right executive at the right time for Timberline as he will emphasize execution on the ground while helping to inform the market about our projects and their extraordinary potential,” said Timberline’s Chairman Leigh Freeman.
“I am thrilled to be part of the Timberline team. The infusion of capital from quality institutional investors and new ideas from Quinton will enable us to focus on applying our skills and capital to realizing the district-scale potential of the Eureka gold project. I’m excited to say that has already started, as Steve and the team have moved quickly to get the drills turning, just what shareholders have been anxious to see,” said Patrick Highsmith.
About Timberline Resources
Timberline Resources Corporation is focused on advancing district-scale gold exploration and development projects in Nevada. These include Lookout Mountain and Windfall, both in the Eureka project area. The company is also operator of the Paiute joint venture project with Nevada Gold Mines in the Battle Mountain district. These properties all lie on the prolific Battle Mountain-Eureka gold trend. Timberline also controls the Seven Troughs Property in northern Nevada, which is one of the state’s highest-grade former gold producers.
To stop by Timberline’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2020 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
