Tuesday, February 28, 2017

Treasury Metals Inc. - TML.t

Treasury Metals Inc. - TML.t is a gold exploration and development company, focused on Northwestern Ontario mineral projects.

The flagship Goliath Gold Project envisions an open pit gold mine to feed a 2,500 per day processing plant.

On February 6, 2017 the company released News

Treasury Metals Inc. (TSX: TML) is pleased to announce additional results from its infill drilling program at its 100% owned Goliath Gold Project located in Northwestern Ontario.

Treasury's current drilling program is primarily focused on the conversion and expansion of underground "Inferred" Mineral Resources to the "Indicated" category that reside in and adjacent to the known Main Zone and C Zone gold-bearing shoots.

Highlights from the program include:
•Hole TL16413 that intersected 6.54 g/t Au and 7.04 g/t Ag over an intersection length of 11.5 m as tabulated below in a section of the Main Zone containing visible gold confirming the presence of high grade mineralization in this area of the eastern shoot.
•Drilling has also intersected some significantly high silver values in association with the gold mineralization.
•Hole TL16410 returned 10.95 g/t Au and 12.44 g/t Ag over a longer intersection length of 7.0 m. This hole tested a sparsely drilled section of the central shoot area.
•The Company has also commenced a 5,000 m condemnation drilling program covering the proposed placement sites for both mill and mine infrastructure and the tailings storage facility.