Highlights
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Corporate Facts |
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Listing:
Symbol:
IPO Date:
Warrants:
Options:
Fully Diluted Shares Outstanding:
Insider Position:
Largest Shareholders:
Laramide Resources Ltd.
Corona Gold Corp.
52-Week High / Low:
Market Capitalization:
Recent Share Price:
Analyst Coverage: |
TSX
TML
Aug. 19, 2008
1,207,160
3,099,500
41,297,696
8.34%
13.65%
12.01%
$ 0.13 / $0.84
26.0M
$0.74
TBA
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Established: 1997
(Formerly Divine Lake Exploration Inc.)
Geographies of Operation / Projects
• Goliath Gold Project, Ontario: gold (silver, lead, zinc)
• Lara Polymetallic Project, BC: zinc (copper, lead, silver, gold)
Office: Toronto, Ontario
Year End: December 31
Final Prospectus: click here for a copy
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Summary
Treasury Metals Inc. is a mineral exploration and development company with a growth-orientated strategy to acquire and develop advanced gold assets. The management team and board are accomplished mining industry veterans. Treasury Metals has a strong and sizable shareholder base and cash flow from a gold royalty. The Company has two main objectives:
Near-term mid-tier gold producer
Initial target: the Company’s 100% owned Goliath Gold Project: continue to explore, develop and build gold ounces outside the resource to the west and northeast and inside the resource through in-fill and deep drilling.
Aggressive M&A targeting of advanced gold projects
Initial target: Northwestern Ontario, an area of numerous early stage gold prospects and deposits that present an opportunity for consolidation.
Project Summary
Goliath Gold Project (Kenora Gold District, Ontario)
NI 43-101 Resource -Thunder Lake Deposit:
• Indicated (Main Zone): 820,000 mt @ 4.8 g/t Au (130,000 oz Au; 2.0 g/t Au cut-off)
• Inferred (all zones): 7,000,000 mt @ 4.1 g/t Au (920,000 oz Au; 2.0 g/t Au cut-off)
Lara Polymetallic Project (British Columbia)
NI 43-101 Resource - Lara Deposit:
• Indicated: 189,600 mt @ 9.74% Zn, 61 g/t Ag (41 M lbs Zn; 3% Zn block cut-off)
• Inferred: 91,100 mt @ 6.15% Zn, 41 g/t Ag (12 M lbs Zn; 3% Zn block cut-off)
Company Objectives - 2009/2010
Corporate
Treasury Metals is continually reviewing and evaluating advanced gold projects in the Americas with the goal of becoming a mid-tier gold producer.
Goliath Gold Project
Diamond Drilling Programs
• Expand current resources through in-fill and deep drilling
• Add gold ounces along strike to the West and Northeast
• Multiple exploration targets on >53 km2 property
Technical Programs
• Data compilation, geological modelling, interpretation and targeting
• Deep-section geophysical surveys
• Preliminary Economic Assessment (scoping study)
• Community consultation and baseline environmental studies
Lara Polymetallic Project
Diamond Drilling Programs
• Develop targets for confirmatory and exploration drilling
• Upgrade and expand current resources
Technical Programs
• Securing future processing and production opportunities
• Evaluating joint venture opportunities to further develop Property
• Community consultation and baseline environmental studies
Additional Assets
2.5% NSR on ~20K oz/year gold producer
~$500,000 annual revenue (sliding royalty to 3% once 100,000 oz Au produced)
Share Positions
Approximately 2.5 million shares in Goldgroup Resources Inc. (TSX:GGA)
Approximately 220K million shares in Vaaldiam Mining Inc. (TSX:VAA)
Page last updated April 30, 2010
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