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Treasury Metals Inc.
Summary
| Project: | Goliath | |
|---|---|---|
| Deposit: | Goliath | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 10/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-10-2018: Treasury Metals Inc. announces a Resource Estimation report for its Goliath deposit at the Goliath project. Updated mineral resource estimate at the project. TORONTO, Oct. 17, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or | |
| Resources: | (Resource, M+I): 16.202Mt @ 2.29g/t Au, 8.2g/t Ag | |
| CP/QP: | [Resources]: Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | TORONTO, Oct. 17, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to provide an updated National Instrument 43-101 Mineral Resource Estimate (the "2018 Mineral Resource Estimate") on its 100% owned Goliath Gold Project. The Mineral Resource Estimate was completed by independent firm P&E Mining Consultants Inc. ("P&E"). The 2018 Mineral Resource Estimate is an update to the NI 43-101 Mineral Resource Estimate previously released on August 28, 2015 (the "2015 Mineral Resource Estimate") and includes results from a database representing an additional 98 diamond drill holes totaling 41,500 m of infill drilling completed between 2016 and 2018. Treasury's primary goal for the diamond drill programs has been to increase Mineral Resource confidence and convert AuEq ounces from Inferred to Measured and Indicated Mineral Resource classifications to be included in future engineering studies. These programs were highly successful with a significant upgrade of AuEq ounces to higher confidence classifications and grade improvements both in the open pit and underground Mineral Resource Estimates. A secondary drilling goal of Mineral Resource expansion successfully extended the Deposit east of the Main Zone high-grade mineralized shoots, and continued to demonstrate opportunities for Mineral Resources that could add to future mine plans. The following table summarizes the NI 43-101 Mineral Resource Estimate in the Measured, Indicated and Inferred Mineral Resource classifications: | |
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