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Treasury Metals Inc.
Summary
| Project: | Goliath | |
|---|---|---|
| Deposit: | C-Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-3-2020: Treasury Metals Inc. announces an Exploration/Drilling Update report for its C-Zone deposit at the Goliath project. Drilling results incl. 5.0m @ 39.28g/t Au from 522.5m. TORONTO, March 5, 2020 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Larsen (Internal) | |
| ABSTRACT: | TORONTO, March 5, 2020 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce additional assay results from its expansion drilling in the Eastern C Zone and Infill drilling in the Main Zone at the Goliath Gold Project located in northwestern Ontario. The results demonstrate further delineation of the developing new C Zone East shoot approximately 200 metres from the easternmost Main Zone shoot. Drilling to date has intersected 7 holes above 10 g/t in an area now spanning 200 metres along strike by 150 metres down dip (see attached image). TL20-520 intersected 1.35 g/t over 14.7 m including 6.0 g/t Au over 2.0 m and approximately 15 m further down the hole the high-grade intersection of 65.2 g/t Au over 3.0 m including 193 g/t over 1.0 m from two distinct areas of mineralization both located within the C Zone. The high-grade intersection was associated with strong sericite and silica alteration and the presence of pyrite, sphalerite, galena which is analogous with the other high-grade shoots of the deposit. The highest sample was found within part of a fault zone which cut through the footwall contact of the C Zone. This contrasts to other areas of the deposit and will be investigated further. | |
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