Treasury Metals Drills 5.2 Metres at 18.6 g/t Au at Goliath Gold Project
TORONTO, Dec. 11, 2012 /CNW/ – Treasury Metals Inc. is pleased to report drilling results that indicate the presence of a high-grade mineralized shoot in the footwall at the Company’s flagship Goliath Gold Project located approximately 20 kilometres east of the City of Dryden in northwestern Ontario. The shoot, located in the central part of the Goliath deposit, has been intersected approximately 50 metres behind the project’s Main Mineralised Zone. New interpretation suggests it will form part of the project’s mineralised C Zone gold resource. These results are considered significant since this would be the first high-grade zone encountered within the project’s sparsely drilled C Zone that parallels the main zone. It has the potential to add mineable gold ounces to the project’s planned open pit and underground stopes.
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