Treasury Metals drills four m of 5.5 g/t Au at Goliath

Jun 11, 2014

TREASURY METALS DRILLING PROGRAM CONFIRMS NEW C ZONE CONTINUES AT DEPTH

Treasury Metals Inc. has released new results from the continuing drilling program at its 100-per-cent-owned Goliath gold project located near the town of Dryden in Northwestern Ontario. Treasury’s current exploration program is focused on expanding the gold resource within the developing C Zone horizon as well as infill delineation drilling of the Main Zone to tighten grades of proposed underground stopes and extend limits of known mineralization. Highlights of the latest drilling results included re-entry Hole TL161-14RE, which intersected 4.0 m at 5.50 g/t, in the C Zone which remains open at depth and to the west. Also, in the same shoot, hole TL14-356, drilling down dip, delivered an intercept of 13.5 m at 2.3 g/t that currently rests outside the proposed C Zone western pit shell. Over the past two drilling programs, which included the discovery hole TL164-12RE (5.2 m at 18.6 g/t; See Press Release Dec. 11, 2012), the Company has reported a number of encouraging intercepts within this developing high-grade area of the C Zone (see Figure 1):Other highlights from the latest drilling include several high-grade intersections in Hole TL166-14RE including 2.0 m at 11.27 g/t on the eastern edge of the C Zone shoot. Drilling continues at the Goliath Gold Project and further assays will be provided as they become available.

http://www.treasurymetals.com/s/press_releases-cnw.asp

Hole ID   Area                      SectionFrom           To    Intercept(m)Au (g/t)
TL14-354  Main Zone                 L9+25W 296.3          303.5 5.80        1.89    
          Including                        297.7          301.1 3.40        2.79    
TL14-354  Main Zone                 L9+25W 317.55         321.5 3.95        1.41    
TL14-354  Main Zone                 L9+25W 325.9          327.9 2.00        1.06    
TL14-355  Main Zone                 L8+25W 282            284   2.00        10.31   
TL14-355  Main Zone                 L8+25W 349.35         359   9.65        2.51    
TL14-356  C Zone drilled down dip   L11+25W111.5          125   13.50       2.30    
TL14-356  C Zone drilled down dip   L11+25W162            164   2.00        1.02    
TL14-356  C Zone drilled down dip   L11+25W250            252.052.05        1.42    
TL14-356  Main Zone drilled down dipL10+50W316            320   4.00        9.31    
TL14-359  Main Zone                                                                 
TL14-359  Main Zone                 L7+25W 135.5          143.057.55        0.95    
TL14-360  C Zone                    L11+50WAwaiting Assays                          
TL14-361A Main Zone                 L12+00W276            281   5.00        1.43    
TL14-361A C Zone                    L12+00W393            397   4.00        2.95    
TL14-362  C Zone                    L12+50WAwaiting Assays                          
TL161-14REC Zone                    L12+25W485            489   4.00        5.50    
TL166-14REB Zone                    L10+25W419            421   2.00        11.27   
TL166-14REC Zone                    L10+25W460.05         462.5 2.45        4.70

Holes are generally drilled at 360AdegreeAz with inclinations ranging -45 to -66Adegree. GeoTech TL14-356 was drilled at 145 Az (down dip)All assays are rounded to two decimal places.*Intervals do not necessarily indicate true widths.Full Table of Assays and Long Sections for both the Main and C Zones can be found on the Company’s website.Technical information in this press release has been reviewed and approved by Gerry Katchen, P. Geo, who is the qualified person under the definitions established by National Instrument 43-101. The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The drill core is sawn in half with one-half of the core sample shipped to Accurassay Laboratories in Thunder Bay, Ontario. The other half of the core is retained for future assay verification, and/or metallurgical testing. Other QA/QC procedures include the insertion of blind blanks and standards for every tenth sample in the sample stream. Selected quarter core duplicates were assayed for 5% of the samples. The laboratory re-assays 10% of all samples (pulps and rejects) and additional checks are routinely run on anomalous values including gravimetric analysis and pulp metallics. Gold analysis is conducted by lead collection, fire assay with atomic absorption and/or gravimetric finish on a 30 gram sample. Check assays by a secondary lab are completed as necessary. To learn more about Treasury Metals, please visit the Company’s website at www.treasurymetals.com.