Treasury Metals Intersects High-Grade Gold Mineralizationadmin
Treasury Metals Inc. is pleased to announce the results of the first six drill holes (2,036 metres) from its current 20,000 metre diamond drilling campaign at the Goliath Gold Project. The company intersected multiple high-grade intersections (in table), with the best results being 11.43 g/t Au over 6.0 metres and 9.85 g/t Au over 5.0 metres. These initial six drill holes are located on the eastern boundary of the existing resource and shows that the high-grade mineralization continues to be open towards the east.
To view the section associated with this press release, please click on the following link:
The Company has two drill rigs operating at its Goliath Gold Project in Ontario and the drilling program is now under the direction of its new Vice President of Exploration, Mr. Andrew Cheatle. “To intersect such high-grade mineralisation over these widths in our first six holes of in-fill drilling is exceeding our expectations and is encouraging,” Mr. Cheatle said. “These drill holes demonstrate that the deposit is open and trending in an eastward direction, an area where, to date, there has been little to no drilling. A step out drilling program will now focus within this area in an effort to further define the deposit to the eastern extent.”
Treasury Metals will be exhibiting in booth number 2150 at the Investor Exchange of the PDAC 2011 Mining Conference located in the South Building of the Metro Toronto Convention Centre from March 6 to 9, 2011. Management will be available at the booth throughout the conference to provide more details on the current drill program and to provide a general update on the company.