Lara Project

The Lara Polymetallic Project, situated in the Victoria Mining Division, is located in the southern part of Vancouver Island, approximately 75 km north of Victoria, 15 km northwest of Duncan and 12 km west of the Village of Chemainus, British Columbia, Canada. The Lara Property, which was previously owned by Laramide Resources Ltd., comprises 47 mineral claims covering 8,648 hectares and with the exception of 8 mineral claims that are subject to a 1% NSR, the property is owned 100% by Treasury Metals. Treasury Metals is currently looking for joint-venture or other business opportunities with respect to the Lara Property; more than $300,000 in exploration work has been spent on the property in the past 4 years.

The Lara polymetallic base metal deposit contains high-grade zinc along with lead, copper and significant gold and silver. An Independent NI 43-101 compliant Mineral Resource Estimate completed in 2007 reported:

1% Zn Block Cut-Off

2% Zn Block Cut-Off

3% Zn Block Cut-Off

Due diligence grab samples collected from the old workings assayed up to 57.1% Zn, 21.2% Pb, 3.4% Cu, 4.7 g/t Au, 581 g/t Ag.

In September 2007 Laramide Resources contracted a 500 line kilometre high-resolution helicopter-borne geophysical survey. The survey was flown by Aeroquest using their AEROTEM II (Bravo) time-domain electromagnetic system, a caesium vapour magnetometer and a gamma ray spectrometer. Results of the survey have yet to be reviewed in detail but will be used by Treasury Metals for future exploration programs including targeting for diamond drilling programs. Currently, Treasury Metals is planning on conducting an environmental baseline study along with further surface exploration and diamond drilling.

LARA POLYMETALLIC DEPOSIT - INDEPENDENT TECHNICAL REPORT(4MB)

Page last updated April 7, 2010