Timberline Resources Corporation (Timberline) is an exploration-stage company. The Company is engaged in evaluating, acquiring and exploring mineral prospects with potential for economic deposits of precious and base metals. In June 2010, the Company acquired Staccato Gold Resources Ltd., which is engaged in the business of acquiring, exploring and developing mineral properties with a focus on gold exploration in the gold producing trends in Nevada. In September 2010, the Company closed its drilling services operation in Mexico, which was operated by its wholly owned Mexican subsidiary, World Wide Exploration, S.A. de C.V. (WWE). In October 2011, the Company sold its wholly owned contract drilling subsidiary, Timberline Drilling, Inc. In November 2011, the Company announced the sale of its wholly owned contract drilling subsidiary, Timberline Drilling, Inc. (TDI).