|April 11, 2011|
Treasury Metals Continues to Consolidate Land Position at Goliath Gold Deposit
|TORONTO, ONTARIO--(April 11, 2011) - Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML) is pleased to announce it has acquired the surface rights to 40 acres of land that covers a portion of the eastern extension of the Goliath Gold deposit. These newly acquired lands will enable the Company to drill prospective targets on the eastern extension of the deposit that have not in the past been drilled by Treasury Metals. This is in an adjacent area and up-plunge of where previously announced high-grade gold mineralization (e.g. 23.22 g/t Au over 5.11 m) was intersected by the Company (see press releases February 23, 2011, March 16, 2011 and March 28, 2011 for full results). The Company has now commenced drilling operations on these newly acquired surface rights.|
"Over the past three years Treasury Metals has consolidated 49km2 of land that comprises the Goliath Gold Project," said Martin Walter, CEO of Treasury Metals. "Our property package continues to develop with the acquisition of this very important piece of land to the east of the resource. Looking forward we will be opportunistic, and stake or acquire additional highly prospective properties in the Kenora Mining District that are accretive to our existing gold property portfolio, as was the case with the Goldcliff Project, which is located approximately 40 kilometres southeast of the Goliath Gold Project."
Technical information in this press release has been reviewed and approved by Andrew Cheatle, P.Geo, Vice President, Exploration of Treasury Metals, who is a qualified person under the definitions established by National Instrument 43-101.
For additional information on Treasury Metals, please visit the Company's website at www.treasurymetals.com.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
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