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Treasury Metals Inc.
Summary
| Project: | Goliath | |
|---|---|---|
| Deposit: | C-Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 8/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-8-2018: Treasury Metals Inc. announces an Exploration/Drilling Update report for its C-Zone deposit at the Goliath project. Drilling results incl. 4.5m @ 25.20g/t Au, 3.98g/t Ag from 426.0m. TORONTO, Aug. 13, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Larsen (Not stated) | |
| ABSTRACT: | TORONTO, Aug. 13, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce assay results from three active exploration drilling zones, including results in the East Resource Target area, down dip within the developing C Zone shoot, and additional deep Main Zone infill drilling at the Company's flagship Goliath Gold Project located in northwestern Ontario. The East Resource Target area has progressed well with all new holes intersecting gold mineralization. This area is located 80 to 350 metres east of the proposed open pit. As detailed in the long section image, the East Resource Target mineralization appears in the C zone which is located approximately 40 metres behind the Main Zone. This program, together with past drilling, warrants further exploration and delineation drilling which could define the extents of the mineralization, as well as increase the overall resource within the C Zone for inclusion into future resource estimates. This program was a follow-up to the near surface drilling program completed last summer (including TL17-445: 2.26 g/t Au over 5.83 m announced in press release dated Oct. 2, 2017) and exploration holes from previous operator Teck Exploration. TL18-494 intersected 111 g/t Au over 1.00 m (initial 50g Fire Assay reported 238 g/t Au over 1.00 m) approximately 30 metres along strike to Teck hole TL205 which contained 1.51 g/t Au over 9.00m. Teck hole TL205 is also 75 metres up dip from TL18-488A which intersected 3.87 g/t Au over 4.70 m. Other intervals include TL18-490A with 1.86 g/t Au over 4.50 m occurring 40 metres to the west of Teck hole TL136W1 containing 75.85 g/t Au over 0.70 m and TL18-498 with 1.24 g/t Au over 6.00 m approximately 75 metres down dip of Teck hole TL200 containing 4.78 g/t Au over 4.50 m. | |
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