Movers & Shakers April 8, 2010
Timberline reports progress; Coldwater Creek executive Bell gets promotion to CFO;
Timberline reports progress
Timberline Resources Corp. said Wednesday it has achieved steady advancement in the underground ramp toward the intended location of its initial drill stations at its Butte Highlands Gold Project. The ramp has been advanced approximately 630 feet from the surface, and the sumps and underground explosives storage area are complete. The definition drilling, which is expected to begin in June, will be a combination of core and reverse circulation (RC) drilling.
The core drilling will be performed by Timberline's wholly-owned core drilling subsidiary, Timberline Drilling, Inc. (TDI), while the RC drilling will be done internally by Timberline's JV partner, Small Mine Development (SMD).
TDI is a leading underground and surface drilling contractor, specializing in underground core drilling in support of active mining operations and mine development projects in the United States and Mexico.
"We are pleased to be making preparations to mobilize drills and crews from Timberline Drilling to perform the core drilling at Butte Highlands," Timberline CEO Randal Hardy said in a statement. "The team at TDI includes highly experienced and skilled technical crews who have a vested interest in the project as shareholders of Timberline, and who are committed to safety, productivity, and efficiency. We view it as a strategic advantage to have our own drilling company perform drilling at our projects. The goal of the initial phase of the drill program at Butte Highlands will be to better define the ore zones and provide more complete information for mine planning. We look forward to a successful drill program that will take us closer to our goal of gold production at Butte Highlands."
Additional photos and videos showing the activities at the Butte Highlands Gold Project have been added and may be viewed on the Timberline Web site at www.timberline-resources.com.
Coldwater Creek executive Bell gets promotion to CFO
A key member of Coldwater Creek's finance team will take the helm of the local retail company that is rebounding from the impact of a floundering economy.
James A. Bell has been promoted to senior vice president and chief financial officer of the Sandpoint-based retailer that specializes in apparel, gifts, jewelry, and accessories, a spokesperson said.
Bell assumes these responsibilities from John E. Hayes III, who has been serving as interim chief financial officer since November 2009. Hayes will continue as senior vice president, general counsel and secretary and has taken on the additional responsibility of directing Coldwater Creek's human resources department, according to the announcement.
Bell has been a key member of Coldwater Creek's corporate finance team since joining the company less than a year ago, according to the announcement. He served most recently as vice president of financial planning.
Prior to joining the company, Bell served as senior vice president, finance and planning for Harry & David Holdings, Inc. from 2007 to 2009, and for five years as senior director of finance for The GAP, Inc. Bell earned a bachelor's degree in economics from the U.S. Naval Academy and an M.B.A. from the University of Maryland.
"We are pleased to welcome Jim Bell to the CFO role," said Chairman and Chief Executive Officer Dennis Pence. "He has extensive knowledge of our finances and a deep understanding of our business. He has earned the respect and confidence of our board of directors and senior management and I look forward to working closely with Jim in the years ahead."
Headquartered in Sandpoint, Coldwater Creek was founded in 1984. The company sells its merchandise through retail stores across the country, online and through its catalogs.
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