|June 11, 2014|
Treasury Metals Drilling Program Confirms New C Zone Continues at Depth
TORONTO, June 11, 2014 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce new results from the ongoing drilling program at its 100% owned Goliath Gold Project located near the town of Dryden in northwestern Ontario.
Treasury's current exploration program is focused on expanding the gold resource within the developing C Zone horizon as well as infill delineation drilling of the Main Zone to tighten grades of proposed underground stopes and extend limits of known mineralization.
Highlights of the latest drilling results included re-entry Hole TL161-14RE, which intersected 4.0 m at 5.50 g/t, in the C Zone which remains open at depth and to the west. Also, in the same shoot, hole TL14-356, drilling down dip, delivered an intercept of 13.5 m at 2.3 g/t that currently rests outside the proposed C Zone western pit shell. Over the past two drilling programs, which included the discovery hole TL164-12RE (5.2 m at 18.6 g/t; See Press Release Dec. 11, 2012), the Company has reported a number of encouraging intercepts within this developing high-grade area of the C Zone (see Figure 1):
Other highlights from the latest drilling include several high-grade intersections in Hole TL166-14RE including 2.0 m at 11.27 g/t on the eastern edge of the C Zone shoot. Drilling continues at the Goliath Gold Project and further assays will be provided as they become available.
Holes are generally drilled at 360°Az with inclinations ranging -45 to -66°.
Full Table of Assays and Long Sections for both the Main and C Zones can be found on the Company's website.
Technical information in this press release has been reviewed and approved by Gerry Katchen, P. Geo, who is the qualified person under the definitions established by National Instrument 43-101.
The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The drill core is sawn in half with one-half of the core sample shipped to Accurassay Laboratories in Thunder Bay, Ontario. The other half of the core is retained for future assay verification, and/or metallurgical testing. Other QA/QC procedures include the insertion of blind blanks and standards for every tenth sample in the sample stream. Selected quarter core duplicates were assayed for 5% of the samples. The laboratory re-assays 10% of all samples (pulps and rejects) and additional checks are routinely run on anomalous values including gravimetric analysis and pulp metallics. Gold analysis is conducted by lead collection, fire assay with atomic absorption and/or gravimetric finish on a 30 gram sample. Check assays by a secondary lab are completed as necessary.
To learn more about Treasury Metals, please visit the Company's website at www.treasurymetals.com.
SOURCE Treasury Metals Inc.
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