Timberline Resources (TLRS) 10-K 27 Dec 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2018	Dec. 21, 2018	Mar. 31, 2018
Document and Entity Information
Entity Registrant Name	Timberline Resources Corp
Document Type	10-K
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Entity Central Index Key	1,288,750
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		61,027,819
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Entity Public Float			$ 6,124,729
Entity Incorporation, State Country Name	Delaware
Trading Symbol	tlrs

TIMBERLINE RESOURCES CORPORATIO

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)		Sep. 30, 2018	Sep. 30, 2017
CURRENT ASSETS:
Cash		$ 110,736	$ 67,154
Prepaid expenses and other current assets		44,782	20,716
Accounts receivable			2,633
TOTAL CURRENT ASSETS		155,518	90,503
PROPERTY, MINERAL RIGHTS, AND EQUIPMENT, net	[1]	14,926,417	17,125,519
OTHER ASSETS:
Reclamation bonds		307,286	285,128
Deposits and other assets		5,700	9,750
TOTAL OTHER ASSETS		312,986	294,878
TOTAL ASSETS		15,394,921	17,510,900
CURRENT LIABILITIES:
Accounts payable		110,134	109,680
Payment obligation	[2]	198,806	250,000
Accrued expenses		42,166	9,923
Accrued payroll, benefits and taxes		32,295	85,730
TOTAL CURRENT LIABILITIES		383,401	455,333
LONG-TERM LIABILITIES:
Asset retirement obligation		160,588	152,940
Senior unsecured note payable - net of discount		196,432
TOTAL LONG-TERM LIABILITIES		357,020	152,940
COMMITMENTS AND CONTINGENCIES	[3]	0	0
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding	[4]	0	0
Common stock, $0.001 par value; 200,000,000 shares authorized, 53,527,819 and 33,146,952 shares issued and outstanding, respectively	[4]	53,528	33,147
Additional paid-in capital		73,197,430	70,408,144
Accumulated deficit		(58,596,458)	(53,538,664)
TOTAL STOCKHOLDERS' EQUITY		14,654,500	16,902,627
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 15,394,921	$ 17,510,900
[1]	Note 5
[2]	Note 7
[3]	Notes 4, 10, and 12
[4]	Note 10

Statement of Financial Position

Statement of Financial Position - Parenthetical - $ / shares	Sep. 30, 2018	Sep. 30, 2017
Statement of financial position
Preferred Stock, Par Value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	53,527,819	33,146,952
Common Stock, Shares Outstanding	53,527,819	33,146,952

TIMBERLINE RESOURCES CORPORAT_2

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
OPERATING EXPENSES:
Mineral exploration	$ 522,298	$ 423,946
Salaries and benefits	464,380	388,858
Professional fees	147,401	203,994
Insurance	92,562	91,967
Loss on abandonment of mineral rights	3,231,700
Gain on sale of royalties		(40,000)
Gain on lease of mineral rights		(10,000)
Gain on equipment transferred to related parties		(2,500)
General and administrative	626,747	644,640
TOTAL OPERATING EXPENSES	5,085,088	1,700,905
LOSS FROM OPERATIONS	(5,085,088)	(1,700,905)
OTHER INCOME (EXPENSE):
Foreign exchange gain (loss) and other	(2,480)	4
Miscellaneous other income	64,633
Interest expense	(34,859)
Realized gain on sale of available-for-sale securities		124,086
TOTAL OTHER INCOME (EXPENSE)	27,294	124,090
LOSS BEFORE INCOME TAXES	(5,057,794)	(1,576,815)
INCOME TAX PROVISION		68,985
NET LOSS	(5,057,794)	(1,645,800)
OTHER COMPREHENSIVE INCOME (LOSS):
Unrealized gain (loss) on available-for-sale equity securities, net of tax		(47,275)
Reclassification of (gain) on available-for-sale securities sold		(80,840)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)		(128,115)
COMPREHENSIVE LOSS	$ (5,057,794)	$ (1,773,915)
NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS, BASIC AND DILUTED	$ (0.13)	$ (0.06)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	39,437,019	28,829,486

TIMBERLINE RESOURCES CORPORAT_3

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock Shares	Common Stock Amount	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Total
Balance at Sep. 30, 2016		$ 24,107	$ 67,924,709	$ (51,892,864)	$ 128,115	$ 16,184,067
Shares outstanding at Sep. 30, 2016	24,106,952
Common stock issued for mineral rights, value		1,000	479,000			480,000
Common stock issued for mineral rights, stock	1,000,000
Common stock and warrants issued for cash at $0.25 per unit, value		8,000	1,949,475			1,957,475
Common stock and warrants issued for cash at $0.25 per unit, stock	8,000,000
Common stock issued for warrant exercises, value		40	9,960			10,000
Common stock issued for warrant exercises, stock	40,000
Stock based option compensation			45,000			45,000
Adjustment for previous year unrealized gain on available-for-sale equity securities					$ (128,115)	(128,115)
Net loss				(1,645,800)		(1,645,800)
Stockholders' equity at Sep. 30, 2017		33,147	70,408,144	(53,538,664)		16,902,627
Shares outstanding at Sep. 30, 2017	33,146,952
Balance at Sep. 30, 2017		33,147	70,408,144	(53,538,664)		16,902,627
Common Stock and warrants issued for cash, net of issuance costs, value		10,381	1,411,386			1,421,767
Common Stock and warrants issued for cash, net of issuance costs, stock	10,380,867
Common Stock and warrants issued to purchase mineral properties, value		10,000	1,036,000			1,046,000
Common Stock and warrants issued to purchase mineral properties, stock	10,000,000
Warrants issued with note payable			110,900			110,900
Stock based option compensation			231,000			231,000
Net loss				(5,057,794)		(5,057,794)
Stockholders' equity at Sep. 30, 2018		$ 53,528	$ 73,197,430	$ (58,596,458)		$ 14,654,500
Shares outstanding at Sep. 30, 2018	53,527,819

TIMBERLINE RESOURCES CORPORAT_4

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (5,057,794)	$ (1,645,800)
Adjustments to reconcile net loss to net cash used by operating activities:
Deferred income tax provision		68,985
Accretion of asset retirement obligation	7,648	7,284
Gain on lease of mineral rights		(10,000)
Gain on sale of royalties		(40,000)
Gain on sale of equipment		(2,500)
Amortization of discount on debt	7,332
Loss on abandonment of mineral properties	3,231,700
Stock-based compensation	231,000	45,000
Gain on sale of available-for-sale securities		(124,086)
Changes in assets and liabilities:
Prepaid expenses and other current assets	(24,066)	(5,479)
Accounts receivable	2,633	(2,633)
Deposits and other assets	4,050
Accounts payable	454	56,015
Accrued expenses	32,243	(39,077)
Accrued payroll, benefits, and taxes	(53,435)	63,980
Net cash used by operating activities	(1,618,235)	(1,628,311)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, mineral rights, and equipment	(99,500)	(1,162,800)
Proceeds from third party lease payments	112,902
Proceeds from lease of mineral rights		10,000
Proceeds from sale of royalty interests		40,000
Proceeds from sale of equipment		2,500
Refund of reclamation and road use bonds		409,029
Increases to reclamation and road use bond	(22,158)
Proceeds from sale of available-for-sale securities		346,986
Investment in mineral properties - Elder Creek (Note 4)	(100,000)
Proceeds from sale of mineral properties - ICBM (Note 4)	100,000
Net cash used by investing activities	(8,756)	(354,285)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on payment obligation	(51,194)
Proceeds from senior unsecured note payable and warrants	300,000
Proceeds from exercise of warrants		10,000
Proceeds from sale of common stock and warrants, net	1,421,767	1,957,475
Net cash provided by financing activities	1,670,573	1,967,475
Net increase (decrease) in cash	43,582	(15,121)
CASH AT BEGINNING OF YEAR	67,154	82,275
CASH AT END OF YEAR	110,736	67,154
CASH PAID FOR INTEREST	12,019
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Common stock issued for mineral rights		$ 480,000
Common stock and warrants issued for purchase of joint ventures	1,046,000
Warrants issued with note payable	$ 110,900

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	12 Months Ended
	Sep. 30, 2018
Notes
Note 1 - Organization and Description of Business:	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS: Timberline Resources Corporation (“Timberline” or “the Company) was incorporated in August of 1968 under the laws of the State of Idaho as Silver Crystal Mines, Inc., for the purpose of exploring for precious metal deposits and advancing them to production. In 2008, the Company reincorporated into the State of Delaware, pursuant to a merger agreement approved by its shareholders.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2018
Notes
Note 2 - Summary of Significant Accounting Policies:	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: a. Basis of Presentation and going concern The accompanying consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has incurred losses since its inception. The Company does not have sufficient cash to fund normal operations and meet all of its obligations for the next 12 months without raising additional funds. The Company currently has no historical recurring source of revenue, and its ability to continue as a going concern is dependent on its ability to raise capital to fund future exploration and working capital requirements, or the Company’s ability to profitably execute its business plan. The Company’s plans for the long-term return to and continuation as a going concern include financing its future operations through sales of common stock and/or debt and the eventual profitable exploitation of its mining properties. Additionally, the current capital markets and general economic conditions in the United States and Canada are significant obstacles to raising the required funds. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. If the going concern basis were not appropriate for these financial statements, adjustments would be necessary in the carrying value of assets and liabilities, the reported expenses and the balance sheet classifications used. b. New Accounting Pronouncements - The Company performed an assessment of the impact of implementation of ASU No. 2014-09, and concluded it did not change the timing of revenue recognition or amounts of revenue recognized compared to how it recognized revenue under its previous policies. Adoption of ASU No. 2014-09 requires additional disclosures, where applicable, on (i) contracts with customers, (ii) significant judgments and changes in judgments in determining the timing of satisfaction of performance obligations and the transaction price, and (iii) assets recognized for costs to obtain or fulfill contracts. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The update modifies the classification criteria and requires lessees to recognize the assets and liabilities on the balance sheet for most leases. The update is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the potential impact of implementing this update on the consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The update provides guidance on classification for cash receipts and payments related to eight specific issues. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. Early adoption of the update on October 1, 2017 had no impact on the consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. Early adoption of the update on October 1, 2017 had no impact on the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business. The update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company will apply the provisions of the update to potential future acquisitions. In June 2018, the FASB issued ASU No. 2018-07, Compensation-Stock Compensation, Improvements to Nonemployee Share-Based Payment Accounting. ASU No. 2018-07 expands the scope of to include share-based payment transactions for acquiring goods and services from nonemployees. The update is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. c. Principles of Consolidation d. Exploration Expenditures e. Property Holding Costs f. Fair Value of Financial Instruments At September 30, 2018 and 2017, the Company had no assets or liabilities accounted for at fair value on a recurring basis or nonrecurring basis. The carrying amounts of financial instruments, including loans payable, approximate fair value at September 30, 2018 and 2017. g. Cash Equivalents h. Reclamation Bonds i. Estimates and Assumptions j. Property and Equipment k. Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment l. Asset Retirement Obligations – m. Provision for Income Taxes n. Translation of Foreign Currencies o. Stock-based Compensation The value of common stock awards is determined based upon the closing price of the Company’s stock on the grant date of the award. Compensation expense for grants that vest is recognized ratably over the vesting period. The fair value of stock unit or stock awards is determined by the closing price of the Company’s common stock on the date of the grant. p. Net Income (Loss) per Share The dilutive effect of convertible and outstanding securities as of September 30, 2018 and 2017 is as follows: 2018 2017 Stock options 3,280,000 2,233,334 Warrants 36,646,373 17,960,006 Total potential dilution 39,926,373 20,193,340 At September 30, 2018 and 2017, the effect of the Company’s common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.

Note 3 - Talapoosa Impairment

Note 3 - Talapoosa Impairment	12 Months Ended
	Sep. 30, 2018
Notes
Note 3 - Talapoosa Impairment:	NOTE 3 – TALAPOOSA IMPAIRMENT: On March 12, 2015, the Company entered into a property option agreement (“Agreement”) with Gunpoint Exploration Ltd. (“Gunpoint”), which closed on March 31, 2015 and was amended on October 19, 2016 (“Amended Agreement”). Pursuant to the Agreement, Gunpoint granted the Company an exclusive and irrevocable option (“Option”) to purchase a 100% interest in Gunpoint’s Talapoosa project in western Nevada. Pursuant to the Amended Agreement, during the Amended Option Period, among other requirements, the Company was required to pay $2 million and issue one million common shares of the Company by March 31, 2018. The Company did not make the payment of $2 million nor issue the one million common shares of the Company by March 31, 2018, and, therefore, the Amended Agreement was terminated per its terms on March 31, 2018. As a result, on March 31, 2018, the Company wrote off the Company’s entire investment of $3,231,700, including $17,500 the Company invested in the Talapoosa property during the year ended September 30, 2018. The Company received payment of $50,000 from a third party to release the nondisclosure agreement with Gunpoint regarding the Talapoosa property. The payment is included in Miscellaneous other income on the Consolidated Statements of Operations and Comprehensive Income (Loss).

Note 4 - Property, Mineral Righ

Note 4 - Property, Mineral Rights, and Equipment	12 Months Ended
	Sep. 30, 2018
Notes
Note 4 - Property, Mineral Rights, and Equipment:	NOTE 4 – PROPERTY, MINERAL RIGHTS, AND EQUIPMENT: The following is a summary of property, mineral rights, and equipment and accumulated depreciation at September 30, 2018 and 2017: Expected Useful Lives (years) 2018 2017 Mineral rights – Talapoosa - $ - $ 3,214,200 Mineral rights – Eureka - 13,678,940 13,809,842 Mineral rights – Elder Creek - 1,146,000 - Mineral rights – Other - 50,000 50,000 Total mineral rights 14,874,940 17,074,042 Equipment and vehicles 2-5 53,678 63,591 Office equipment and furniture 3-7 70,150 70,150 Land - 51,477 51,477 Total property and equipment 175,305 185,218 Less accumulated depreciation (123,828) (133,741) Property, mineral rights, and equipment, net $ 14,926,417 $ 17,125,519 Depreciation expense for the years ended September 30, 2018 and 2017, was nil and nil, respectively. During the year ended September 30, 2018, the Company’s management and Board of Directors determined that certain payments received by the Company from a party of interest in two of the Company’s leases beginning in August 2017, which had been held and not recorded or deposited pending an expected resolution of circumstances relating to two historic leases at the Company’s Eureka property, should be deposited. The payments had been received from a third party with whom the Company is in discussions to resolve matters that had been under negotiation since the Company acquired the Eureka property in 2010. The total amount of these payments received for the year ended September 30, 2018 was $112,902. Monthly payments in the amount of $8,326 are expected to continue to be received, recorded and deposited until the situation concerning the leases is resolved. These receipts are recorded as a reduction to property, mineral rights, and equipment. During the year ended September 30, 2017, the Company received a $10,000 lease payment from a property leased to a third party and the Company sold a package of royalties on certain early stage properties for $40,000. Given that the total carrying value of the leased property was nil, the lease income was recorded on the consolidated statements of operations and comprehensive income (loss) as a gain on lease of mineral rights. The total carrying value of the package of royalties was nil, and the income from the sale of the package of royalties was recorded on the consolidated statements of operations and comprehensive income (loss) in other income (expense). ICBM Sale On May 23, 2018, the Company sold a participating interest in the ICBM Project (“ICBM”), a mineral interest located in Humboldt and Lander counties, Nevada. The Company had acquired this property in 2010. The purchaser was Americas Gold Exploration, Inc. (“AGEI”) and the consideration the Company received for the sale was $100,000 cash, which was recorded as a decrease to mineral interests. The total consideration also included a 0.5% net smelter return royalty on the gross production of all minerals extracted from the ICBM Project properties. In connection with a concurrent definitive agreement with AGEI to acquire an additional property interests, the Company decided to re-acquire the ICBM Project interest, now renamed as the Paiute property joint venture, as a component of the AGEI transaction. AGEI Definitive Agreement On May 23, 2018, the Company executed a definitive agreement with AGEI (the “Definitive Agreement”) for the purchase of interests in two mineral properties in Nevada (the “Transaction”). The mineral properties include the Elder Creek project, currently owned by McEwen Mining Inc., which includes an option to acquire up to 65% of the project interest, and an approximate 73.7% interest in the Paiute property (formerly ICBM), with LAC Minerals (USA) LLC, a wholly owned subsidiary of Barrick Gold Corporation. The Company is the operator at both of these projects. The consideration for the Transaction consisted of ten million shares of the Company’s common stock, valued at $0.0806 per share, or $806,000, and five million non-transferrable Class D-2 share purchase warrants (the “Consideration Warrants”), with each warrant exercisable to acquire one share of the Company’s common stock for $0.24 for a period of three years. The warrants were valued at $240,000. (See Note 10 for valuation assumptions). In addition, the Company will deliver to AGEI, subject to any required regulatory approval, an additional 5,000,000 common stock purchase warrants with the same terms and in the same form as the Consideration Warrants if and when the earlier of the following occurs: (i) the Company enters into an arrangement with a funding partner for the advancement of the Elder Creek Joint Venture, or (ii) the Company has met the 2018 work commitment of $500,000. (See Note 12 – Commitments & Contingencies) On June 18, 2018, the Company entered into an amendment to the Definitive Agreement wherein the Company agreed, upon closing of the Transaction, to reimburse AGEI for the initial payment of $100,000 due under the Elder Creek agreement with McEwen Mining. During the fourth quarter of the 2018 fiscal year, the Company paid the $100,000. Total consideration given for the Transaction was $1,146,000 in the form of cash, common stock and warrants. On June 29, 2018, the Company paid the property holding costs for the Elder Creek property of $95,759, which was expensed to Mineral exploration during the year ended September 30, 2018.

Note 5 - Related-party Transact

Note 5 - Related-party Transactions	12 Months Ended
	Sep. 30, 2018
Notes
Note 5 - Related-party Transactions:	NOTE 5 – RELATED-PARTY TRANSACTIONS: In connection with the definitive agreement with AGEI for the purchase of interests in two mineral properties (see Note 4), Mr. Donald J. McDowell and Mr. Dave Mathewson were appointed to the Company’s Board of Directors on June 21, 2018. Mr. McDowell is the majority owner of AGEI and is the beneficial owner of the majority of the consideration for the Transaction. In connection with the appointments, the Company granted 200,000 stock options to acquire shares of common stock of the Company to Mr. McDowell and Mr. Mathewson, accounted for as share-based compensation. The options were valued at $16,000 based upon the closing price of the Company’s shares of common stock on the date the options were granted. During 2018, two executive officers participated in a private placement offering of Units of the Company purchasing, in the aggregate, 250,000 units for proceeds of $20,000. Additionally, subsequent to the closing of the offerings, one participating investor was appointed to the Company’s Board of Directors. He had purchased 625,000 Units for proceeds of $50,000. The participation of the executive officers of the Company and the person subsequently appointed to the Company’s Board of Directors, was done at the same terms as the other investors in the offering. (See Note 10 – Common Stock, Warrants and Preferred Stock for valuation assumptions and details).

Note 6 - Payment Obligation

Note 6 - Payment Obligation	12 Months Ended
	Sep. 30, 2018
Notes
Note 6 - Payment Obligation:	NOTE 6 – PAYMENT OBLIGATION: On September 12, 2017, the Company entered into an agreement (the “Payment Agreement”) with a creditor (the “Creditor”) to pay by way of a payment plan an existing obligation of $250,000 (the “Payment Obligation”) related to a potential corporate transaction in 2015 that was not completed. Pursuant to the Payment Agreement, the Company agreed to pay the Payment Obligation to the Creditor, including interest, on or before September 12, 2020. Interest accrues on the unpaid principal amount of the Payment Obligation at the prime rate (5% at September 30, 2018), as such rate may change from time to time, plus 3% per annum. The Company agreed to pay the Creditor 5% of the gross proceeds of any funds raised, whether though equity sales, Payment Obligation, or sales of assets. If the gross proceeds of any equity financing are at least $1 million, then the Company agreed to also commence monthly installment payments of $10,000 until the Payment Obligation is paid. The balance of the Payment Obligation was $198,806 and $250,000 at September 30, 2018 and 2017, respectively. During the year ended September 30, 2018, the Company paid $63,213, including interest of $12,019 to the Creditor. The obligation to commence monthly installment payments of $10,000 until the Payment Obligation is paid has not yet been triggered because the Company has not completed a financing with gross proceeds of at least $1 million.

Note 7 - Senior Unsecured Note

Note 7 - Senior Unsecured Note Payable	12 Months Ended
	Sep. 30, 2018
Notes
Note 7 - Senior Unsecured Note Payable:	NOTE 7 – SENIOR UNSECURED NOTE PAYABLE: On July 30, 2018, the Company entered into a binding loan agreement and promissory note with William Matlack (the “Lender”). Under the loan agreement, the Lender loaned the Company $300,000 in the form of a senior unsecured note, with the principal bearing interest at an annual rate of 18%, compounded monthly. The loan is unsecured and the principal and accrued interest will become due for repayment on January 20, 2020, but may be repaid early without penalty. Amounts drawn under the loan agreement will be used for exploration expenditures, annual property holding costs, and working capital requirements of the Company. Pursuant to the terms of the loan agreement, the Company issued to the Lender 3,265,500 non-transferrable common share purchase Series E Warrants of the Company. The exercise price of the warrants is $0.09, and the warrants contain a provision restricting their exercise in the event any such exercise would cause the Lender to own 10% or more of the Company’s outstanding common shares. The relative fair value of the warrants issued in connection with the senior unsecured note was estimated at $110,900, based upon a total fair value as calculated by a Black-Scholes option-pricing model using the assumptions noted in the following table: Warrants Issued July 30, 2018 Expected volatility 132.4 % Stock price on date of loan $ 0.09 Expected dividends 0 Expected term (in years) 1.5 Risk-free rate 2.66 % Expected forfeiture rate 0 % The relative fair value of the warrants was recorded as a discount of the note, with $7,332 amortized to interest expense in the fiscal year ended September 30, 2018.

Note 8 - Asset Retirement Oblig

Note 8 - Asset Retirement Obligation	12 Months Ended
	Sep. 30, 2018
Notes
Note 8 - Asset Retirement Obligation:	NOTE 8 – ASSET RETIREMENT OBLIGATION: The Company has established an asset retirement obligation (“ARO”) for its exploration program at the Lookout Mountain Project, which is a portion of the Eureka mineral property. The ARO resulted from the reclamation and remediation requirements of the United States Bureau of Land Management as outlined in its permit to carry out the exploration program. Estimated reclamation costs at the Lookout Mountain Project were discounted using a credit-adjusted, risk-free interest rate of 5% from the time the Company expects to pay the retirement obligation to the time the Company incurred the obligation, which is estimated at 10 years. The following table summarizes activity in the Company’s ARO liability for the years ended September 30, 2018 and 2017: 2018 2017 Beginning balance $ 152,940 $ 145,656 Accretion expense 7,648 7,284 Ending balance $ 160,588 $ 152,940

Note 9 - Income Taxes

Note 9 - Income Taxes	12 Months Ended
	Sep. 30, 2018
Notes
Note 9 - Income Taxes:	NOTE 9 – INCOME TAXES: At September 30, 2018 and 2017, the Company had tax provisions of $nil and $68,985, relating to unrecognized gains on securities held for sale, respectively. At September 30, 2018 and 2017, the Company had deferred tax assets arising principally from net operating loss carryforwards for income tax purposes. As the Company’s management cannot determine that it is more likely than not that the Company will realize the benefit of the net deferred tax asset, a valuation allowance equal to 100% of the net deferred tax asset has been recorded at September 30, 2018 and 2017. The components of the Company’s deferred taxes at September 30, 2018 and 2017 are as follows: Timberline Resources Corp 2018 2017 Net deferred tax assets: Exploration costs $ 218,000 $ 684,000 Investments in subsidiaries 184,000 282,000 Share-based compensation 1,451,000 2,181,000 Alternative minimum tax credit carryforwards 2,000 2,000 Foreign income tax credit carryforwards 697,000 697,000 Federal and state net operating loss carryforwards 10,579,000 15,097,000 Foreign net operating loss carryforwards 1,736,000 1,736,000 Total deferred tax asset 14,867,000 20,679,000 Valuation allowance (14,867,000) (20,679,000) Net deferred tax asset $ 0 $ 0 BH Minerals USA, Inc. Net deferred tax assets (liabilities): Property, mineral rights, and equipment $ (2,282,000) $ (3,807,000) Exploration costs 810,000 1,709,000 Federal and state net operating loss carryforwards 3,302,000 5,091,000 Total deferred tax asset 1,830,000 2,993,000 Valuation allowance (1,830,000) (2,993,000) Net deferred tax asset $ 0 $ 0 The federal income taxes of the Company’s wholly owned subsidiary, BH Minerals USA, Inc., are not consolidated with those of the rest of the Company since BH Minerals USA, Inc. is wholly owned by the Company’s Canadian subsidiary, Staccato Gold Resources Ltd. On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the "Act"), resulting in significant modifications to existing law. The Company did not incur any income tax benefit or provision for the year ended September 30, 2018, as a result of the changes to tax laws and tax rates under the Act. The Company’s total net deferred tax asset was reduced by approximately $7.5 million during the year ended September 30, 2018, which consisted primarily of the remeasurement of federal deferred tax assets and liabilities from 35% to 21%. The annual tax benefit is different from the amount that would be provided by applying the statutory federal income tax rate to the Company’s pretax loss for the following reasons: 2018 2017 Net Loss $ (5,058,000) $ (1,577,000) Statutory Federal income tax rate 24.5% 35% Expected income tax benefit based on statutory rate (1,239,000) (552,000) Effect of state taxes (47,000) (15,000) Effect of tax rate changes 8,237,000 - Non-recognition due to increase in valuation allowance (6,976,000) 591,000 Other 25,000 45,000 Income tax provision $ - $ 69,000 At September 30, 2018, the Company had federal net operating loss carryforwards of approximately $46.7 million which will expire in fiscal years ending September 30, 2020 through September 30, 2038. Approximately $15.7 million of state net operating loss carryforwards will expire in fiscal years ending September 30, 2019 through September 30, 2038. BH Minerals has federal net operating loss carryforwards of $15,723,000 which will expire in fiscal years ending September 30, 2031 through September 30, 2038. At September 30, 2018, the Company also has approximately $6.7 million in net operating loss carryforwards in Canada which will expire in fiscal years ending September 30, 2024 through September 30, 2032. At September 30, 2018, the Company has $697,000 of foreign tax credit carryforwards that will expire September 30, 2020. The Company has not identified any unrecognized tax benefits. If interest and penalties were to be assessed, the Company would charge interest to interest expense, and penalties to other operating expense. Fiscal years 2015 through 2018 remain subject to examination by state and federal tax authorities. The Company has reviewed its tax returns and believes the Company has not taken any unsubstantiated tax positions. IRS Code Section 382 limits the loss and credit carryforwards in the event of an “ownership change” of a corporation. Due to the changes in ownership in 2004 and 2008, the Company will be restricted in the future use of net operating losses generated before the ownership change.

Note 10 - Common Stock, Warrant

Note 10 - Common Stock, Warrants and Preferred Stock	12 Months Ended
	Sep. 30, 2018
Notes
Note 10 - Common Stock, Warrants and Preferred Stock:	NOTE 10 – COMMON STOCK, WARRANTS AND PREFERRED STOCK: Private Placement On May 8, 2018, the Company closed On December 21, 2017, the Company closed In the aggregate for these two private placements, the Company sold a total of 10,380,867 Units at prices of $0.30 per unit (for 2,880,867 units) and $0.08 per unit (for 7,500,000 units) for gross proceeds of $1,464,260 and net cash proceeds of $1,421,767, after offering costs of $42,293. During the year ended September 30, 2017, the Company closed three tranches of a private placement offering of Units of the Company at a price of $0.25 per Unit. Each Unit consisted of one share of common stock of the Company and one common share purchase Class B Warrant, with each warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.40 per share until January 31, 2020. In the aggregate of the three tranches, accredited investors subscribed for 8,000,000 Units on a private placement basis at a price of $0.25 per unit for total gross proceeds of $2,000,000 and net proceeds of $1,957,475. Two executive officers participated in the private placement, purchasing, in the aggregate, 105,000 units for proceeds of $26,250. Warrants During the fiscal year ended September 30, 2018, 10,380,867 warrants were issued pursuant to two separate private placement offerings. In addition, 3,265,500 warrants were issued pursuant to a senior unsecured debt financing (See Note 7), and 5,000,000 warrants were issued pursuant to the purchase of mineral properties (See Note 4). No warrants expired during the fiscal years ended September 30, 2018 or 2017. There were 36,606,373 and 17,960,006 warrants outstanding as of September 30, 2018 and 2017, respectively. The following is a summary of warrants as of September 30, 2018: Shares Exercise Price ($) Expiration Date Class A Warrants: (Issued for Private Placement) Warrants issued May 31, 2016 10,000,006 0.25 May 31, 2019 Exercised during year ended September 30, 2017 (40,000) Outstanding and exercisable at September 30, 2017 9,960,006 Outstanding and exercisable at September 30, 2018 9,960,006 Class B Warrants: (Issued for Private Placement) Warrants issued January 17, 2017 8,000,000 0.40 January 31, 2020 Outstanding and exercisable at September 30, 2017 8,000,000 Outstanding and exercisable at September 30, 2018 8,000,000 Class C Warrants: (Issued for Private Placement) Warrants issued November and December 2017 2,880,867 0.45 October 31, 2022 Outstanding and exercisable at September 30, 2018 2,880,867 Class D Warrants: (Issued for Private Placement) Warrants issued May 8, 2018 7,500,000 0.14 April 30, 2021 Outstanding and exercisable at September 30, 2018 7,500,000 Class D-2 Warrants: (Issued for Mineral Property Purchase) Warrants issued May 23, 2018 5,000,000 0.24 May 23, 2021 Outstanding and exercisable at September 30, 2018 5,000,000 Class E Warrants: (Issued for Unsecured Senior Note) Warrants Issued July 30, 2018 3,265,500 0.09 February 1, 2020 Outstanding and exercisable at September 30, 2018 3,265,500 Weighted average exercise of warrants outstanding and weighted average exercise price at September 30, 2018 36,606,373 0.26 Preferred Stock The Company is authorized to issue up to 10,000,000 shares of preferred stock, $0.01 par value. The Company’s board of directors is authorized to issue the preferred stock from time to time in series, and is further authorized to establish such series, to fix and determine the variations in the relative rights and preferences as between series, to fix voting rights, if any, for each series, and to allow for the conversion of preferred stock into common stock. There is no preferred stock issued as of September 30, 2018. Stock Issued for Mineral Rights, Property and Equipment In connection with the purchase of mineral property joint ventures from AGEI on May 23, 2018 described in Note 4, the Company issued 10,000,000 common shares at a value of $0.806 per share, the closing price of the Company’s shares on the previous trading day, or $806,000, and 5,000,000 Class D-2 Warrants. The warrants have a 3-year life, and are exercisable at $0.24 per share. The fair value of the warrants issued in connection with the purchase of mineral rights was estimated at $240,000 on the date of issuance with a Black-Scholes option-pricing model using the assumptions noted in the following table: Warrants Issued May 23, 2018 Expected volatility 130.70 % Stock price on date of grant $ 0.08 Expected dividends 0 Expected term (in years) 3 Risk-free rate 2.67 % Expected forfeiture rate 0 % During the year ended September 30, 2017, pursuant to an amended property option agreement on its Talapoosa property (Note 3), the Company issued 1,000,000 restricted common shares with a value of $480,000 based upon the closing price of its shares of common stock on March 31, 2017, the due date for the issuance of the shares pursuant to the terms of the property option agreement.

Note 11 - Stock-based Awards

Note 11 - Stock-based Awards	12 Months Ended
	Sep. 30, 2018
Notes
Note 11 - Stock-based Awards:	NOTE 11 – STOCK-BASED AWARDS: During the year ended September 30, 2015, the Company’s Board of Directors adopted and the Company’s stockholders approved the adoption of the Company’s 2015 Stock and Incentive Plan. This plan replaced the Company’s 2005 Equity Incentive Plan, as amended. The aggregate number of shares that may be issued to employees, directors, and consultants under all stock-based awards made under the 2015 Stock and Incentive Plan is 4 million shares of the Company’s common stock. Upon exercise of options or other awards, shares are issued from the available authorized shares of the Company. Option awards are granted with an exercise price equal to the fair value of the Company’s stock at the date of grant. The 2005 Equity Incentive Plan, as amended, terminated on May 28, 2015 and no stock or option awards may be granted under this plan after it was terminated. At September 30, 2018, 233,334 stock options remain outstanding, at a weighted average exercise price of $0.56 and a weighted average term of 1.4 years, that may be exercised under the 2005 Equity Incentive Plan, as amended. During the year ended September 30, 2017, 250,000 stock options were granted to a consultant by the Company’s Board of Directors. These options vested 25% each quarter beginning on March 15, 2017. As of September 30, 2017, 75% of these options had vested, and the remaining 25% (62,500 options) vested on December 15, 2017, resulting in $15,000 expense being recognized for this consultant during the year ended September 30, 2018. The fair value of the option awards granted during the year ended September 30, 2017 that vested in 2018 was estimated on the date of grant with a Black-Scholes option-pricing model using the assumptions noted in the following table: Options Granted During Fiscal Year Ended September 30, 2017 Expected volatility 128.2 % Stock price on date of grant $ 0.33 Expected dividends 0 Expected term (in years) 3 Risk-free rate 1.68 % Expected forfeiture rate 0 % During the fiscal year ended September 30, 2018, 300,000 stock options with an exercise price of $0.10 and a five-year term where granted to new directors. All of the awarded stock options vested immediately. The fair value of all of the options that were granted and vested during the fiscal year ended September 30, 2018 was $24,000 ($0.08 per option). The Company also granted 1,600,000 stock options with an average weighted exercise price of $0.16 and a five-year term to employees and directors. All of the awarded stock options vested immediately. The fair value of these options was $192,000. The values of the options granted during the fiscal year ended September 30, 2018 was estimated on the date of grant with a Black-Scholes option-pricing model using the assumptions noted in the following table: Options Granted During Fiscal Year Ended September 30, 2018 Expected volatility 121.6 % - 134.8 % Stock price on date of grant $ 0.10 - $ 0.17 Expected dividends 0 Expected term (in years) 3 Risk-free rate 2.33 % - 2.69 % Expected forfeiture rate 0 % Total compensation expense recognized for option awards was $231,000 and $45,000 for the years ended September 30, 2018 and 2017, respectively. The cost of options granted to employees is recorded as salaries and benefits, and the cost of options granted to directors and consultants is recorded as other general and administrative expenses. The total compensation cost of options vested under the plan, charged against operations, is included in the consolidated statements of operations as follows: Fiscal year ended September 30, 2018 2017 Salaries and benefits $ 120,000 $ - Other general and administrative expenses 111,000 45,000 Total $ 231,000 $ 45,000 The following is a summary of the Company’s options issued under the Amended 2005 Equity Incentive Plan and the 2015 Stock and Incentive Plan: Options Weighted Average Exercise Price Outstanding at September 30, 2016 2,055,419 $ 0.56 Granted 250,000 0.33 Expired (72,085) (4.45) Outstanding at September 30, 2017 2,233,334 0.41 Granted 1,900,000 0.16 Expired (853,334) (0.43) Outstanding and exercisable at September 30, 2018 3,280,000 $ 0.26 Weighted average fair value of options granted during the fiscal year ended September 30, 2018 $ 0.11 Average remaining contractual term of options outstanding and exercisable at September 30, 2018 (years) 3.53 Intrinsic value of options outstanding and exercisable at September 30, 2018 $ 0.00 Options forfeited or expired are returned to the option pool and are available for grant. The Company considers forfeitures in connection with its estimate of expected option term.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	12 Months Ended
	Sep. 30, 2018
Notes
Note 12 - Commitments and Contingencies:	NOTE 12 – COMMITMENTS AND CONTINGENCIES : Mineral Exploration In addition to the commitment relating to the Company’s purchase of joint venture interests from AGEI (see Note 4), it has the following commitments and contingencies: A portion of the Company’s mining claims on the Company’s properties are subject to lease and option agreements with various terms, obligations, and royalties payable in certain circumstances. The Company pays federal and county claim maintenance fees on unpatented claims that are included in the Company’s mineral exploration properties. Should the Company continue to explore all of the Company’s mineral properties, it expects annual fees to total approximately $255,500 per year in the future, or which $105,778 is for the two joint venture mineral property interests (See Note 4). Real Estate Lease Commitments As of September 30, 2018, the Company has real estate lease commitments for certain mineral properties totaling $82,000. The Company’s office in Coeur d’Alene, Idaho and its facilities in Eureka, Nevada are rented on a month-to-month basis. Commitments for mineral exploration and real estate lease expense is included in the following line items in the Consolidated Statements of Operations and Comprehensive Income (Loss): Year Ended September 30, 2018 2017 Mineral exploration expenses $ 337,500 $ 51,600 Other general and administrative expenses 42,000 42,000 Total $ 379,500 $ 93,600 As described in Note 4, the Company is required to issue an additional 5,000,000 warrants to AGEI if the Company meets its 2018 work commitment of $500,000 by December 31, 2018. As of the date of this report, meeting the work commitment is likely.

Note 13 - Subsequent Events

Note 13 - Subsequent Events	12 Months Ended
	Sep. 30, 2018
Notes
Note 13 - Subsequent Events:	NOTE 13 – SUBSEQUENT EVENTS : On November 9, 2018, the Company closed the sale of the first tranche of a private placement offering of Units of the Company at a price of $0.08 per Unit. Each Unit consists of one share of common stock of the Company and one common share purchase Series F Warrant, with each warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.14 per share until October 29, 2021. In this first tranche of the Offering, accredited investors subscribed for 6,291,479 Units of the private placement at a price of $0.08 per unit for total proceeds of $503,318. On December 12, 2018, the Company closed the sale of the second and final tranche of the oversubscribed private placement. In this second tranche of the Offering, accredited investors subscribed for 1,208,521 Units of the private placement at a price of $0.08 per unit for total proceeds of $96,682. On December 1, 2018, the shareholders of the Company approved the Company’s 2018 Stock and Incentive Plan. The terms of the 2018 Plan are largely unchanged from previous plans, except that 8,000,000 new incentive shares were approved, and option and share issuances under prior plans were terminated.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies: a. Basis of Presentation and going concern (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
a. Basis of Presentation and going concern	a. Basis of Presentation and going concern

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies: Going concern (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
Going concern	The accompanying consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has incurred losses since its inception. The Company does not have sufficient cash to fund normal operations and meet all of its obligations for the next 12 months without raising additional funds. The Company currently has no historical recurring source of revenue, and its ability to continue as a going concern is dependent on its ability to raise capital to fund future exploration and working capital requirements, or the Company’s ability to profitably execute its business plan. The Company’s plans for the long-term return to and continuation as a going concern include financing its future operations through sales of common stock and/or debt and the eventual profitable exploitation of its mining properties. Additionally, the current capital markets and general economic conditions in the United States and Canada are significant obstacles to raising the required funds. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies: b. New Accounting Pronouncements (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
b. New Accounting Pronouncements	b. New Accounting Pronouncements - The Company performed an assessment of the impact of implementation of ASU No. 2014-09, and concluded it did not change the timing of revenue recognition or amounts of revenue recognized compared to how it recognized revenue under its previous policies. Adoption of ASU No. 2014-09 requires additional disclosures, where applicable, on (i) contracts with customers, (ii) significant judgments and changes in judgments in determining the timing of satisfaction of performance obligations and the transaction price, and (iii) assets recognized for costs to obtain or fulfill contracts. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The update modifies the classification criteria and requires lessees to recognize the assets and liabilities on the balance sheet for most leases. The update is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the potential impact of implementing this update on the consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The update provides guidance on classification for cash receipts and payments related to eight specific issues. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. Early adoption of the update on October 1, 2017 had no impact on the consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. Early adoption of the update on October 1, 2017 had no impact on the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business. The update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company will apply the provisions of the update to potential future acquisitions. In June 2018, the FASB issued ASU No. 2018-07, Compensation-Stock Compensation, Improvements to Nonemployee Share-Based Payment Accounting. ASU No. 2018-07 expands the scope of to include share-based payment transactions for acquiring goods and services from nonemployees. The update is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption.

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies: c. Principles of Consolidation (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
c. Principles of Consolidation	c. Principles of Consolidation

Note 2 - Summary of Significa_6

Note 2 - Summary of Significant Accounting Policies: d. Exploration Expenditures (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
d. Exploration Expenditures	d. Exploration Expenditures

Note 2 - Summary of Significa_7

Note 2 - Summary of Significant Accounting Policies: e. Property Holding Costs (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
e. Property Holding Costs	e. Property Holding Costs

Note 2 - Summary of Significa_8

Note 2 - Summary of Significant Accounting Policies: f. Fair Value of Financial Instruments (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
f. Fair Value of Financial Instruments	f. Fair Value of Financial Instruments At September 30, 2018 and 2017, the Company had no assets or liabilities accounted for at fair value on a recurring basis or nonrecurring basis. The carrying amounts of financial instruments, including loans payable, approximate fair value at September 30, 2018 and 2017.

Note 2 - Summary of Significa_9

Note 2 - Summary of Significant Accounting Policies: g. Cash Equivalents (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
g. Cash Equivalents	g. Cash Equivalents

Note 2 - Summary of Signific_10

Note 2 - Summary of Significant Accounting Policies: h. Reclamation Bonds (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
h. Reclamation Bonds	h. Reclamation Bonds

Note 2 - Summary of Signific_11

Note 2 - Summary of Significant Accounting Policies: i. Estimates and Assumptions (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
i. Estimates and Assumptions	i. Estimates and Assumptions

Note 2 - Summary of Signific_12

Note 2 - Summary of Significant Accounting Policies: j. Property and Equipment (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
j. Property and Equipment	j. Property and Equipment

Note 2 - Summary of Signific_13

Note 2 - Summary of Significant Accounting Policies: k. Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
k. Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment	k. Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment

Note 2 - Summary of Signific_14

Note 2 - Summary of Significant Accounting Policies: l. Asset Retirement Obligations (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
l. Asset Retirement Obligations	l. Asset Retirement Obligations –

Note 2 - Summary of Signific_15

Note 2 - Summary of Significant Accounting Policies: m. Provision for Income Taxes (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
m. Provision for Income Taxes	m. Provision for Income Taxes

Note 2 - Summary of Signific_16

Note 2 - Summary of Significant Accounting Policies: n. Translation of Foreign Currencies (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
n. Translation of Foreign Currencies	n. Translation of Foreign Currencies

Note 2 - Summary of Signific_17

Note 2 - Summary of Significant Accounting Policies: o. Stock-based Compensation (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
o. Stock-based Compensation	o. Stock-based Compensation The value of common stock awards is determined based upon the closing price of the Company’s stock on the grant date of the award. Compensation expense for grants that vest is recognized ratably over the vesting period. The fair value of stock unit or stock awards is determined by the closing price of the Company’s common stock on the date of the grant.

Note 2 - Summary of Signific_18

Note 2 - Summary of Significant Accounting Policies: p. Net Income (Loss) per Share (Policies)	12 Months Ended
	Sep. 30, 2018
Policies
p. Net Income (Loss) per Share	p. Net Income (Loss) per Share The dilutive effect of convertible and outstanding securities as of September 30, 2018 and 2017 is as follows: 2018 2017 Stock options 3,280,000 2,233,334 Warrants 36,646,373 17,960,006 Total potential dilution 39,926,373 20,193,340 At September 30, 2018 and 2017, the effect of the Company’s common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.

Note 2 - Summary of Signific_19

Note 2 - Summary of Significant Accounting Policies: p. Net Income (Loss) per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	2018 2017 Stock options 3,280,000 2,233,334 Warrants 36,646,373 17,960,006 Total potential dilution 39,926,373 20,193,340

Note 4 - Property, Mineral Ri_2

Note 4 - Property, Mineral Rights, and Equipment: Property, Plant and Equipment (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Property, Plant and Equipment	Expected Useful Lives (years) 2018 2017 Mineral rights – Talapoosa - $ - $ 3,214,200 Mineral rights – Eureka - 13,678,940 13,809,842 Mineral rights – Elder Creek - 1,146,000 - Mineral rights – Other - 50,000 50,000 Total mineral rights 14,874,940 17,074,042 Equipment and vehicles 2-5 53,678 63,591 Office equipment and furniture 3-7 70,150 70,150 Land - 51,477 51,477 Total property and equipment 175,305 185,218 Less accumulated depreciation (123,828) (133,741) Property, mineral rights, and equipment, net $ 14,926,417 $ 17,125,519

Note 7 - Senior Unsecured Not_2

Note 7 - Senior Unsecured Note Payable: Schedule of Fair Value of warrants issued with unsecured note (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Fair Value of warrants issued with unsecured note	Warrants Issued July 30, 2018 Expected volatility 132.4 % Stock price on date of loan $ 0.09 Expected dividends 0 Expected term (in years) 1.5 Risk-free rate 2.66 % Expected forfeiture rate 0 %

Note 8 - Asset Retirement Obl_2

Note 8 - Asset Retirement Obligation: Schedule of Asset Retirement Obligations (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Asset Retirement Obligations	2018 2017 Beginning balance $ 152,940 $ 145,656 Accretion expense 7,648 7,284 Ending balance $ 160,588 $ 152,940

Note 9 - Income Taxes_ Schedule

Note 9 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	Timberline Resources Corp 2018 2017 Net deferred tax assets: Exploration costs $ 218,000 $ 684,000 Investments in subsidiaries 184,000 282,000 Share-based compensation 1,451,000 2,181,000 Alternative minimum tax credit carryforwards 2,000 2,000 Foreign income tax credit carryforwards 697,000 697,000 Federal and state net operating loss carryforwards 10,579,000 15,097,000 Foreign net operating loss carryforwards 1,736,000 1,736,000 Total deferred tax asset 14,867,000 20,679,000 Valuation allowance (14,867,000) (20,679,000) Net deferred tax asset $ 0 $ 0 BH Minerals USA, Inc. Net deferred tax assets (liabilities): Property, mineral rights, and equipment $ (2,282,000) $ (3,807,000) Exploration costs 810,000 1,709,000 Federal and state net operating loss carryforwards 3,302,000 5,091,000 Total deferred tax asset 1,830,000 2,993,000 Valuation allowance (1,830,000) (2,993,000) Net deferred tax asset $ 0 $ 0

Note 9 - Income Taxes_ Schedu_2

Note 9 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	2018 2017 Net Loss $ (5,058,000) $ (1,577,000) Statutory Federal income tax rate 24.5% 35% Expected income tax benefit based on statutory rate (1,239,000) (552,000) Effect of state taxes (47,000) (15,000) Effect of tax rate changes 8,237,000 - Non-recognition due to increase in valuation allowance (6,976,000) 591,000 Other 25,000 45,000 Income tax provision $ - $ 69,000

Note 10 - Common Stock, Warra_2

Note 10 - Common Stock, Warrants and Preferred Stock: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants or Rights	Shares Exercise Price ($) Expiration Date Class A Warrants: (Issued for Private Placement) Warrants issued May 31, 2016 10,000,006 0.25 May 31, 2019 Exercised during year ended September 30, 2017 (40,000) Outstanding and exercisable at September 30, 2017 9,960,006 Outstanding and exercisable at September 30, 2018 9,960,006 Class B Warrants: (Issued for Private Placement) Warrants issued January 17, 2017 8,000,000 0.40 January 31, 2020 Outstanding and exercisable at September 30, 2017 8,000,000 Outstanding and exercisable at September 30, 2018 8,000,000 Class C Warrants: (Issued for Private Placement) Warrants issued November and December 2017 2,880,867 0.45 October 31, 2022 Outstanding and exercisable at September 30, 2018 2,880,867 Class D Warrants: (Issued for Private Placement) Warrants issued May 8, 2018 7,500,000 0.14 April 30, 2021 Outstanding and exercisable at September 30, 2018 7,500,000 Class D-2 Warrants: (Issued for Mineral Property Purchase) Warrants issued May 23, 2018 5,000,000 0.24 May 23, 2021 Outstanding and exercisable at September 30, 2018 5,000,000 Class E Warrants: (Issued for Unsecured Senior Note) Warrants Issued July 30, 2018 3,265,500 0.09 February 1, 2020 Outstanding and exercisable at September 30, 2018 3,265,500 Weighted average exercise of warrants outstanding and weighted average exercise price at September 30, 2018 36,606,373 0.26

Note 10 - Common Stock, Warra_3

Note 10 - Common Stock, Warrants and Preferred Stock: Schedule of fair value of warrants issued for mineral rights (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of fair value of warrants issued for mineral rights	Warrants Issued May 23, 2018 Expected volatility 130.70 % Stock price on date of grant $ 0.08 Expected dividends 0 Expected term (in years) 3 Risk-free rate 2.67 % Expected forfeiture rate 0 %

Note 11 - Stock-based Awards_ S

Note 11 - Stock-based Awards: Schedule of fair value of option awards (Tables)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Tables/Schedules
Schedule of fair value of option awards	Options Granted During Fiscal Year Ended September 30, 2017 Expected volatility 128.2 % Stock price on date of grant $ 0.33 Expected dividends 0 Expected term (in years) 3 Risk-free rate 1.68 % Expected forfeiture rate 0 %	Options Granted During Fiscal Year Ended September 30, 2018 Expected volatility 121.6 % - 134.8 % Stock price on date of grant $ 0.10 - $ 0.17 Expected dividends 0 Expected term (in years) 3 Risk-free rate 2.33 % - 2.69 % Expected forfeiture rate 0 %

Note 11 - Stock-based Awards__2

Note 11 - Stock-based Awards: Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Fiscal year ended September 30, 2018 2017 Salaries and benefits $ 120,000 $ - Other general and administrative expenses 111,000 45,000 Total $ 231,000 $ 45,000

Note 11 - Stock-based Awards__3

Note 11 - Stock-based Awards: Share-based Compensation, Stock Options, Activity (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Share-based Compensation, Stock Options, Activity	Options Weighted Average Exercise Price Outstanding at September 30, 2016 2,055,419 $ 0.56 Granted 250,000 0.33 Expired (72,085) (4.45) Outstanding at September 30, 2017 2,233,334 0.41 Granted 1,900,000 0.16 Expired (853,334) (0.43) Outstanding and exercisable at September 30, 2018 3,280,000 $ 0.26 Weighted average fair value of options granted during the fiscal year ended September 30, 2018 $ 0.11 Average remaining contractual term of options outstanding and exercisable at September 30, 2018 (years) 3.53 Intrinsic value of options outstanding and exercisable at September 30, 2018 $ 0.00

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies: Schedule of Rent Expense (Tables)	12 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Rent Expense	Year Ended September 30, 2018 2017 Mineral exploration expenses $ 337,500 $ 51,600 Other general and administrative expenses 42,000 42,000 Total $ 379,500 $ 93,600

Note 1 - Organization and Des_2

Note 1 - Organization and Description of Business (Details)	12 Months Ended
	Sep. 30, 2018
Details
Entity Incorporation, State Country Name	Delaware

Note 2 - Summary of Signific_20

Note 2 - Summary of Significant Accounting Policies: p. Net Income (Loss) per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Details
Stock options	3,280,000	2,233,334
Warrants	36,646,373	17,960,006
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	39,926,373	20,193,340

Note 3 - Talapoosa Impairment (

Note 3 - Talapoosa Impairment (Details)	12 Months Ended
	Sep. 30, 2018
Details
Description of Impairment	Pursuant to the Amended Agreement, during the Amended Option Period, among other requirements, the Company was required to pay $2 million and issue one million common shares of the Company by March 31, 2018. The Company did not make the payment of $2 million nor issue the one million common shares of the Company by March 31, 2018, and, therefore, the Amended Agreement was terminated per its terms on March 31, 2018. As a result, on March 31, 2018, the Company wrote off the Company’s entire investment of $3,231,700, including $17,500 the Company invested in the Talapoosa property during the year ended September 30, 2018. The Company received payment of $50,000 from a third party to release the nondisclosure agreement with Gunpoint regarding the Talapoosa property.

Note 4 - Property, Mineral Ri_3

Note 4 - Property, Mineral Rights, and Equipment: Property, Plant and Equipment (Details) - USD ($)		12 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Details
Mineral rights Talapoosa			$ 3,214,200
Mineral rights Eureka		$ 13,678,940	13,809,842
Mineral rights Elder Creek		1,146,000
Mineral rights		50,000	50,000
Mineral Rights		14,874,940	17,074,042
Equipment and vehicles		53,678	63,591
Office equipment and furniture		70,150	70,150
Land		51,477	51,477
Property, Plant and Equipment, Gross		175,305	185,218
Depreciation, Depletion and Amortization, Nonproduction		(123,828)	(133,741)
Property, mineral rights and equipment, net	[1]	$ 14,926,417	$ 17,125,519
[1]	Note 5

Note 4 - Property, Mineral Ri_4

Note 4 - Property, Mineral Rights, and Equipment (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Depreciation	$ 0	$ 0
Property holding costs		$ 95,759
Paiute Property Joint Venture
Property, Plant, and Equipment, Additional Disclosures	On May 23, 2018, the Company sold a participating interest in the ICBM Project (“ICBM”), a mineral interest located in Humboldt and Lander counties, Nevada. The Company had acquired this property in 2010. The purchaser was Americas Gold Exploration, Inc. (“AGEI”) and the consideration the Company received for the sale was $100,000 cash, which was recorded as a decrease to mineral interests. The total consideration also included a 0.5% net smelter return royalty on the gross production of all minerals extracted from the ICBM Project properties. In connection with a concurrent definitive agreement with AGEI to acquire an additional property interests, the Company decided to re-acquire the ICBM Project interest, now renamed as the Paiute property joint venture, as a component of the AGEI transaction.
AGEI Agreement
Property, Plant, and Equipment, Additional Disclosures	On May 23, 2018, the Company executed a definitive agreement with AGEI (the “Definitive Agreement”) for the purchase of interests in two mineral properties in Nevada (the “Transaction”). The mineral properties include the Elder Creek project, currently owned by McEwen Mining Inc., which includes an option to acquire up to 65% of the project interest, and an approximate 73.7% interest in the Paiute property (formerly ICBM), with LAC Minerals (USA) LLC, a wholly owned subsidiary of Barrick Gold Corporation. The Company is the operator at both of these projects.
AGEI Agreement Amendment
Property, Plant, and Equipment, Additional Disclosures	On June 18, 2018, the Company entered into an amendment to the Definitive Agreement wherein the Company agreed, upon closing of the Transaction, to reimburse AGEI for the initial payment of $100,000 due under the Elder Creek agreement with McEwen Mining. During the fourth quarter of the 2018 fiscal year, the Company paid the $100,000. Total consideration given for the Transaction was $1,146,000 in the form of cash, common stock and warrants.
Eureka Property payments deposited
Property, Plant, and Equipment, Additional Disclosures	During the year ended September 30, 2018, the Company’s management and Board of Directors determined that certain payments received by the Company from a party of interest in two of the Company’s leases beginning in August 2017, which had been held and not recorded or deposited pending an expected resolution of circumstances relating to two historic leases at the Company’s Eureka property, should be deposited. The payments had been received from a third party with whom the Company is in discussions to resolve matters that had been under negotiation since the Company acquired the Eureka property in 2010. The total amount of these payments received for the year ended September 30, 2018 was $112,902. Monthly payments in the amount of $8,326 are expected to continue to be received, recorded and deposited until the situation concerning the leases is resolved. These receipts are recorded as a reduction to property, mineral rights, and equipment.
Gain on lease of mineral rights
Property, Plant, and Equipment, Additional Disclosures		During the year ended September 30, 2017, the Company received a $10,000 lease payment from a property leased to a third party and the Company sold a package of royalties on certain early stage properties for $40,000. Given that the total carrying value of the leased property was nil, the lease income was recorded on the consolidated statements of operations and comprehensive income (loss) as a gain on lease of mineral rights. The total carrying value of the package of royalties was nil, and the income from the sale of the package of royalties was recorded on the consolidated statements of operations and comprehensive income (loss) in other income (expense).

Note 5 - Related-party Transa_2

Note 5 - Related-party Transactions (Details)	12 Months Ended
	Sep. 30, 2018USD ($)shares
New Directors
Related Party Transaction, Description of Transaction	In connection with the definitive agreement with AGEI for the purchase of interests in two mineral properties (see Note 4), Mr. Donald J. McDowell and Mr. Dave Mathewson were appointed to the Company’s Board of Directors on June 21, 2018. Mr. McDowell is the majority owner of AGEI and is the beneficial owner of the majority of the consideration for the Transaction.
Share based compensation
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	200,000
Stock Issued During Period, Value, Stock Options Exercised | $	$ 16,000
Officers
Private placement units sold to related parties | shares	250,000
Private placement units sold to related parties, value | $	$ 20,000
Directors
Private placement units sold to related parties | shares	625,000
Private placement units sold to related parties, value | $	$ 50,000

Note 6 - Payment Obligation (De

Note 6 - Payment Obligation (Details) - USD ($)		12 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Details
Payment obligation	[1]	$ 198,806	$ 250,000
Payments on payment obligation including interest		63,213
Interest Paid, Net		$ 12,019
[1]	Note 7

Note 7 - Senior Unsecured Not_3

Note 7 - Senior Unsecured Note Payable (Details)	12 Months Ended
	Sep. 30, 2018USD ($)shares
Details
Proceeds from senior unsecured note payable and warrants	$ 300,000
Series E Warrants Issued | shares	3,265,500
Relative fair value of warrants issued	$ 110,900
Amortization of discount on debt	$ 7,332

Note 7 - Senior Unsecured Not_4

Note 7 - Senior Unsecured Note Payable: Schedule of Fair Value of warrants issued with unsecured note (Details) - Warrants issued July 30, 2018	12 Months Ended
	Sep. 30, 2018$ / shares
Expected volatility rate	132.40%
Stock price on date of loan	$ 0.09
Expected dividend rate	0.00%
Risk free interest rate	2.66%

Note 9 - Income Taxes_ Schedu_3

Note 9 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Timberline Resources Corp.
Deferred Tax Assets Exploration Costs	$ 218,000	$ 684,000
Deferred Tax Assets, Investments	184,000	282,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	1,451,000	2,181,000
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	2,000	2,000
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	697,000	697,000
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	10,579,000	15,097,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	1,736,000	1,736,000
Deferred Tax Assets, Gross	14,867,000	20,679,000
Deferred Tax Assets, Valuation Allowance	(14,867,000)	(20,679,000)
Deferred Tax Assets, Net of Valuation Allowance	0	0
BH Minerals USA, Inc.
Deferred Tax Assets Property Plant Ad Equipment, Subsidiary	(2,282,000)	(3,807,000)
Deferred Tax Assets Exploration Costs, Subsidiary	810,000	1,709,000
Deferred Tax Assets Operating Loss Carryforward Domestic, Subsidiary	3,302,000	5,091,000
Deferred Tax Assets, Gross, Subsidiary	1,830,000	2,993,000
Deferred Tax Assets Valuation Allowance, Subsidiary	(1,830,000)	(2,993,000)
Deferred Tax Assets, Net, Subsidiary	$ 0	$ 0

Note 9 - Income Taxes_ Schedu_4

Note 9 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Details
Net loss rounded for tax reporting purposes	$ (5,058,000)	$ (1,577,000)
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	(1,239,000)	(552,000)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	(47,000)	(15,000)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	8,237,000
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	(6,976,000)	591,000
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	$ 25,000	45,000
Income tax expense benefit rounded for tax reporting purposes		$ 69,000

Note 9 - Income Taxes (Details)

Note 9 - Income Taxes (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Details
Deferred Tax Assets, Operating Loss Carryforwards	$ 46,700,000
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	15,700,000
Net operating loss carryforwards, subsidiary	15,723,000
Deferred Tax Assets, Other Tax Carryforwards	6,700,000
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	$ 697,000	$ 697,000

Note 10 - Common Stock, Warra_4

Note 10 - Common Stock, Warrants and Preferred Stock (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Warrants Outstanding	36,606,373	17,960,006
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Par Value	$ 0.01	$ 0.01
AGEI Agreement
Stock Issued During Period, Shares, Other	10,000,000
Sale of Stock, Price Per Share	$ 0.806
Stock Issued During Period, Value, Other	$ 0.24
AGEI Agreement Class D Warrants Issued fair value	240,000
Talapoosa
Stock Issued During Period, Shares, Other		1,000,000
Stock Issued During Period, Value, Other		$ 480,000
Private placement aggregate
Units sold	10,380,867	8,000,000
Units sold gross proceeds	1,464,260	2,000,000
Net cash proceeds	1,421,767	1,957,475
Offering costs	$ 42,293
Units sold, executive officers		105,000
Units sold, executive officers, value		$ 26,250
Private placement
Warrants issued	10,380,867
Unsecured debt financing
Warrants issued	3,265,500
Mineral properties
Warrants issued	5,000,000

Note 10 - Common Stock, Warra_5

Note 10 - Common Stock, Warrants and Preferred Stock: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Details
Warrants Outstanding	36,606,373	17,960,006

Note 10 - Common Stock, Warra_6

Note 10 - Common Stock, Warrants and Preferred Stock: Schedule of fair value of warrants issued for mineral rights (Details)	12 Months Ended
	Sep. 30, 2018$ / shares
Warrants issued May 23, 2018
Expected volatility rate	130.70%
Stock price on date of loan	$ 0.08
Expected dividend rate	0.00%
Risk free interest rate	2.67%
Warrants issued July 30, 2018
Expected volatility rate	132.40%
Stock price on date of loan	$ 0.09
Expected dividend rate	0.00%
Expected term simplified	3
Risk free interest rate	2.66%

Note 11 - Stock-based Awards (D

Note 11 - Stock-based Awards (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Details
Granted	1,900,000	250,000
Stock options granted to directors	300,000
Stock options granted to directors, fair value	$ 24,000
Stock options granted to employees and directors	1,600,000
Stock options granted to employees and directors, fair value	$ 192,000
Stock Issued During Period, Value, Share-based Compensation, Gross	$ 231,000	$ 45,000

Note 11 - Stock-based Awards__4

Note 11 - Stock-based Awards: Schedule of fair value of option awards (Details)	12 Months Ended
	Sep. 30, 2018$ / shares
Option Awards Granted during fiscal year 2017
Expected volatility rate	128.20%
Stock price on date of loan	$ 0.33
Expected dividend rate	0.00%
Expected term simplified	3
Risk free interest rate	1.68%
Option Awards Granted during fiscal year 2018
Expected dividend rate	0.00%
Expected term simplified	3
Expected volatility rate minimum	121.60%
Expected volatility rate maximum	134.80%
Stock price on date of loan minimum	$ 0.10
Stock price on date of loan maximum	$ 0.17
Risk free interest rate minimum	2.33%
Risk free interest rate maximum	2.69%

Note 11 - Stock-based Awards__5

Note 11 - Stock-based Awards: Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Details
Compensation	$ 120,000
Other general and administrative expenses	111,000	$ 45,000
Stock Issued During Period, Value, Share-based Compensation, Gross	$ 231,000	$ 45,000

Note 11 - Stock-based Awards__6

Note 11 - Stock-based Awards: Share-based Compensation, Stock Options, Activity (Details) - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Details
Outstanding	3,280,000	2,233,334	2,055,419
Weighted Average Exercise Price, Outstanding	$ 0.26	$ 0.41	$ 0.56
Granted	1,900,000	250,000
Weighted Average Exercise Price, Granted	$ 0.16	$ 0.33
Expired	(853,334)	(72,085)
Weighted Average Exercise Price, Expired	$ (0.43)	$ (4.45)
Weighted average fair value of options granted	$ 0.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 6 months 11 days
Intrinsic value of options outstanding and exercisable	$ 0

Note 12 - Commitments and Con_3

Note 12 - Commitments and Contingencies (Details)	12 Months Ended
	Sep. 30, 2018
Mining claims
Other Commitments, Description	A portion of the Company’s mining claims on the Company’s properties are subject to lease and option agreements with various terms, obligations, and royalties payable in certain circumstances.
Claim Maintenance Fees
Other Commitments, Description	The Company pays federal and county claim maintenance fees on unpatented claims that are included in the Company’s mineral exploration properties. Should the Company continue to explore all of the Company’s mineral properties, it expects annual fees to total approximately $255,500 per year in the future, or which $105,778 is for the two joint venture mineral property interests (See Note 4).
Real Estate Commitments
Other Commitments, Description	As of September 30, 2018, the Company has real estate lease commitments for certain mineral properties totaling $82,000. The Company’s office in Coeur d’Alene, Idaho and its facilities in Eureka, Nevada are rented on a month-to-month basis.

Note 12 - Commitments and Con_4

Note 12 - Commitments and Contingencies: Schedule of Rent Expense (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Details
Results of Operations Exploration Expense Mining	$ 337,500	$ 51,600
Other General and Administrative Expense	42,000	42,000
Operating Leases, Rent Expense	$ 379,500	$ 93,600

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details)	Dec. 12, 2018	Dec. 01, 2018	Nov. 09, 2018
Details
Subsequent Event, Description	On December 12, 2018, the Company closed the sale of the second and final tranche of the oversubscribed private placement. In this second tranche of the Offering, accredited investors subscribed for 1,208,521 Units of the private placement at a price of $0.08 per unit for total proceeds of $96,682.	On December 1, 2018, the shareholders of the Company approved the Company’s 2018 Stock and Incentive Plan. The terms of the 2018 Plan are largely unchanged from previous plans, except that 8,000,000 new incentive shares were approved, and option and share issuances under prior plans were terminated.	On November 9, 2018, the Company closed the sale of the first tranche of a private placement offering of Units of the Company at a price of $0.08 per Unit. Each Unit consists of one share of common stock of the Company and one common share purchase Series F Warrant, with each warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.14 per share until October 29, 2021. In this first tranche of the Offering, accredited investors subscribed for 6,291,479 Units of the private placement at a price of $0.08 per unit for total proceeds of $503,318.