Sum total of these intervals is a grade-width average of 3.4 grams/tonne over a width of 12.88 feet. While widths in general are good, grade is a tad low.
Toronto:
Treasury Metals Inc. TML/TSXV, is pleased to announce additional drill results from its current 30,000 metre diamond drilling campaign at the Goliath Gold Project.
The Company continues to report positive intersections (in table), with the best result being 17.72 m @ 3.49 g/t in hole TL11-161.
The latest results are located near the eastern boundary of the resource; these drill holes coupled with the results from previously announced drilling are being used to define the extent of the high-grade gold zone at the Goliath Gold Project.
Drill Hole From To Int. Au gms/t
Metres Metres Metres
TL11-149 79.50 85.30 5.80 0.89 Main Zone
TL11-150 161.00 163.50 2.50 1.95 Main Zone
TL11-151 182.82 188.00 5.18 3.00 Main Zone
and 217.47 218.63 1.16 5.37 Main Zone
TL11-153 142.00 146.80 4.80 2.68 Main Zone
TL11-154 218.79 222.85 4.06 2.48 Main Zone
TL11-156 323.00 327.00 4.00 2.22 Main Zone
TL11-157 346.80 347.80 1.00 6.74 Main Zone
TL11-158 434.00 436.00 2.00 4.50 Main Zone
TL11-159 364.04 365.54 1.50 2.77 Main Zone
TL11-160 247.92 248.92 1.00 13.22 Main Zone
TL11-161 369.21 386.93 17.72 3.49 Main Zone
TL11-162 303.40 304.90 1.50 7.95 Main Zone
TL11-163 463.54 467.23 3.69 1.99 Main Zone
TL11-164 405.00 408.00 3.00 7.54 Main Zone
*Intervals do not necessarily indicate true widths. Holes drilled at approx. 320°Az and dip of -60°. No significant assays were reported from TL11-148 and TL11-155
The drill program at the Goliath Gold Project continues with three drilling rigs currently turning on-site and is presently at hole TL11-185. Treasury Metals is well funded to complete its expanded 30,000 m drill program. Two drill rigs remain on the eastern target, where Treasury has been intersecting significant results. The third drill rig continues to test the western high grade shoot where mineralization has been observed and Treasury is awaiting results.
In addition, the Company has scheduled its Annual General Meeting of Shareholders on the 9th of June at 2:30 pm to be held at the Toronto Board of Trade. The purpose of the meeting will be the presentation and approval of the audited statements, election of directors, appointment of auditors and for a general corporate update.
Technical information in this press release has been reviewed and approved by Andrew Cheatle, P. Geo., Vice President of Exploration at Treasury Metals, who is a 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 samples 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 and a complete map of drill holes, please visit the Company’s website at treasurymetals.com
Greg Ferron
Vice President Corporate Development
416-214-4654
greg@treasurymetals.com
Martin Walter
President and CEO
416-214-4654
martin@treasurymetals.com |
