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Treasury Metals Inc.
Summary
| Project: | Goliath | |
|---|---|---|
| Deposit: | Goliath | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 3/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-3-2017: Treasury Metals Inc. announces a PEA report for its Goliath deposit at the Goliath project. Updated PEA results incl. Post-tax NPV(10%) of CDN$167.7M, IRR of 25.1% . This technical report (“Report”) was prepared by CSA Global Canada Geosciences | |
| Resources: | (Resource, M+I): 20.554Mt @ 1.69g/t Au, 6.4g/t Ag at project | |
| CP/QP: | [Resources]: Eugene J. Puritch, Yungang Wu, Antoine Yassa (P&E Mining Consultants Inc.) | |
| ABSTRACT: | This technical report (“Report”) was prepared by CSA Global Canada Geosciences Ltd (CSA Global) with contributions from P&E Mining Consultants Inc. (P&E) of Brampton Ontario at the request of Mr Chris Stewart, President and CEO of Treasury Metals Inc. (“Treasury” or the “Company”). The 2017 updated PEA indicates that the proposed Project is of economic interest and CSA Global recommends continued work by Treasury towards a Prefeasibility Study of the Project. The Goliath Gold Project, located in northwestern Ontario, lies approximately 145 km east of the City of Kenora, 20 km east of the City of Dryden, and 325 km northwest of the City of Thunder Bay, in the Kenora Mining Division, Ontario, Canada. CSA Global’s economic modelling and analysis of the Project reveals the Project could yield a post-tax IRR of 25.1% and a post-tax NPV, discounted at 10%, of C$167.8 million. In CSA Global’s opinion, the Goliath Gold Project is a potentially very robust one and warrants Treasury’s continued advancement of the Project towards a further feasibility studies. Treasury has proposed a 2017 program estimated to be in the order of C$5.25 million (Table 4). CSA Global concurs with the proposed program and budget. | |
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