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Treasury Metals Inc.
Summary
| Project: | Goliath | |
|---|---|---|
| Deposit: | Goliath | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-1-2020: Treasury Metals Inc. announces an Exploration/Drilling Update report for its Goliath deposit at the Goliath project. Drilling results incl. 7.00m @ 14.79g/t Au from 449.00m. TORONTO, Jan. 13, 2020 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treas | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Larsen (Not stated) | |
| ABSTRACT: | TORONTO, Jan. 13, 2020 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce the assay results from the initial nine holes of its 15,000 metre exploration program, including results from the Eastern C Zone and Main Zone targets at the Company's flagship Goliath Gold Project located in northwestern Ontario. Treasury's Eastern C Zone infill and expansion drilling program has progressed well with significant intersections encountered to date in the sparsely drilled area to the east of the currently defined resource area. The drilling results show consistent zones of strong alteration and a mineralized envelope with high-grade lenses within it. These results have the potential to lead to further resources for inclusion in future resource estimates and mining studies. Of note is the newly discovered Main Zone gold intersections in this drilling program to the east of the resource area in holes designed to target the C Zone. The drill holes intersected the Main Zone with meaningful gold grades in an area that had previously not been considered Main Zone targets. Further investigation of this area will be conducted as the program progresses. Additional drilling of the Main Zone shows high potential for upgrading of the current Goliath Gold Project's mineral resources. Two drills remain on site to complete the C Zone infill program and will continue to focus on the Eastern area of the Main Zone. The drills will subsequently move to exploration locations with the intent to test targets identified in the recent downhole IP survey, as well as extend the Main Zone past the boundary of currently defined resources with adjacent extensions. | |
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