For thousands of other reports visit RSC's Mineral Intellingence Map
Treasury Metals Inc.
Summary
| Project: | Goliath | |
|---|---|---|
| Deposit: | C-Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 5/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-5-2018: Treasury Metals Inc. announces an Exploration/Drilling Update report for its C-Zone deposit at the Goliath project. Drilling results incl. 3.0m @ 65.78g/t Au from 542.0m. TORONTO, May 30, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Larsen (Not stated) | |
| ABSTRACT: | TORONTO, May 30, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce additional assay results from the active infill and resource expansion/exploration drilling program at Treasury's flagship Goliath Gold Project located in northwestern Ontario. The Company has three objectives in this drilling program, which include: 1) exploration drilling of a downdip potential expansion of the high-grade shoot within the C zone; 2) infill drilling to convert resources and increase confidence in targeted areas within the Main Zone; and 3) exploration drilling along strike and northeast of the proposed open pit. This is a continuation from the drill program that commenced at the beginning of 2018 in which 11,591m in 17 drill holes have been completed up to and including this release. Successful results from these targets would enhance the current resource within the mine plan for the upcoming Feasibility level design studies and help define targets for future expansion. A drill hole location plan map and longitudinal sections for the Main and C Zones are provided at the end of this release. The Company has commenced the 5,000 meters of resource expansion/exploration drilling on Treasury Metals' East Resource Target, in an area not in the current mine plan. Initial drilling results from the program will be released in June, 2018. "The Goliath Gold Deposit remains open at depth and has significant potential as demonstrated by the recent high grade gold intersections at greater than 500m depth. While we continue to advance our PreFeasibility Study, with a planned July release date, we will continue to advance our exploration program in order to provide the most robust resource we can for the upcoming Feasibility Study as well as to demonstrate the growth potential of Goliath at depth and along strike to the NE," said Chris Stewart, President and Chief Executive Officer of Treasury Metals. "The East Resource Target drilling program is progressing well and we are also planning to do some surface work around the banded iron formation and fold nose structure on our property this summer as we believe there is significant potential in this area and our objective here is to put together a regional exploration program for 2019." | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report