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Treasury Metals Inc.
Summary
| Project: | Goliath | |
|---|---|---|
| Deposit: | Main Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 3/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 27-3-2018: Treasury Metals Inc. announces an Exploration/Drilling Update report for its Main Zone deposit at the Goliath project. Drilling results incl. 6m @ 5.04g/t Au from 558m. TORONTO, March 27, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Larsen (Not stated) | |
| ABSTRACT: | TORONTO, March 27, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to announce initial assay results from its active 15,000-meter infill exploration drilling program at the Company's flagship Goliath Gold Project located in northwestern Ontario. The Company is currently exploring and infill drilling in the Main Zone with two rigs. A drill hole location plan map and longitudinal section are presented at the end of this release. "We are pleased with the drilling progress at Goliath for a number of reasons. The infill drill results have increased our confidence in the overall resource potential and further support our belief that gold continues at depth. In April, we will initiate a step-out exploration program to the north-east along strike to test for additional high-grade gold shoots. The company continues to push ahead on all development fronts including the Federal Environmental Assessment process, community and First Nations dialogue, and a Pre-Feasibility Study," said Chris Stewart, Treasury's President and Chief Executive Officer. "We expect 2018 to benefit from our significant efforts over the past several years." In addition to the on-going infill program, the Company will commence an initial 5,000 meters of resource expansion/exploration drilling in April which is focused on Treasury Metals' high-priority East Resource Target area as follow-up to the successful near surface drilling program that was completed last summer. Gold mineralization was intersected in several drill holes approximately 80 to 350 meters from the proposed open pit both near surface and at depth (see press release dated October 2, 2017). The step out program will be expanded along strike east of the open pit with a second rig once the infill program is completed and as the program is further developed. | |
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