Treasury's newest gold exploration property is located south of Dryden, Ontario, along a distinct NE-SW shear zone that hosts both past and current producers of the Goldrock Camp and Manitou Gold. In 2010, Treasury Metals geologists conducted field mapping and prospecting on the property discovering several gold showings including grab sample assays up to 106.4 g/t Au. Treasury Metals plans to advance the project in the latter half of 2012.
Location and Access:
The Goldcliff property is located approximately 40 km south-southeast of Dryden, Ontario, and is situated within the Boyer Lake Area of the Kenora/Dryden Mining District. The property can be easily accessed by the nearest provincial highway.
The majority of early prospecting work on the Goldcliff property was done by the current claim holders Sherridon Johnson and Ed Barkauskas. Prospecting on the property was completed throughout the 1980's up to and including 2000. Several grab samples were collected during this time which visibly contained traces of gold.
The property is proximal to both electrical power lines and a major railroad. The provincial highway closest to Goldcliff is Highway 502, which crosscuts the property and provides further paved access to the Trans-Canada Highway. The City of Dryden, Ontario, is located forty-five minutes away and is fully serviced to readily provide accommodations and supplies if needed.
The Property lies within the Eagle-Wabigoon-Manitou Lakes greenstone belt located in the Superior Province of the Canadian Shield. Ontario Geological Survey mapping shows the Property as comprising mainly mafic volcanic and related intrusive rocks, cut locally by quartz-feldspar porphyry dykes. There is local strong carbonatization of both mafic volcanic rocks and quartz-feldspar porphyry. Prospecting, trenching and sampling have proven both rock types to be auriferous.
The new exploration program at Goldcliff has been designed to test a number of drill targets identified by the Company's airborne survey completed in July 2011, and exploration programs in 2010 and 2012 consisting of trenching, field exploration and mapping. This initial program will consist of 1000 metres of diamond core drilling.