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 March 25, 2015
Treasury Metals Reports High-Grade Gold Results in New Zone and in Developing Western Area at Goliath

 

TSX:TML

TORONTO, March 25, 2015 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce additional results from its Phase II drilling program on its 100% owned Goliath Gold Project located near the city of Dryden in northwestern Ontario.

This program was initiated for the purpose of resource category conversion and expanding known gold mineralized zones by drill testing high-grade gold intercepts down plunge and drilling along the perimeter of the gold-bearing shoots outside of the main shoots. The primary focus has been on developing the C Zone and Western shoots at depth in areas that have not been previously drill tested. To date, drilling has intersected high-grade gold mineralization with visible gold and outlined a new potential zone (designated the B Zone) to focus future exploration work.  The B Zone is situated between the Main and C Zones and encountered significant high grade gold assays with common visible gold occurrences.

Significant results are as follows:

Hole No. Section Zone From (m) To (m) *Length (m) Au (g/t) Comments
TL14-373-15RE 527450E B Zone 335.00 336.00 1.00 29.31 Visible Gold
TL14377RE 527500E C1 HW Zone 296.70 301.00 4.30 1.90
TL14378B 527525E C1 HW Zone 421.00 424.00 3.00 4.04


C2 FW Zone 436.00 439.00 3.00 5.40 Visible Gold
TL15379 527400E Main HW Zone 313.00 315.00 2.00 1.28
TL15380 527425E Main HW Zone 269.90 272.00 2.10 15.85


B Zone 315.75 316.60 0.85 10.84
TL15381B 527550E B Zone 293.15 296.15 3.00 24.18 Visible Gold


C2 FW Zone 366.00 369.00 3.00 3.16 Visible Gold
TL15382 527625E Main HW Zone 31.80 36.00 4.20 4.25
TL15383 527650E Main-FW Zone 12.80 14.00 1.20 2.39
TL15384 527700E Main HW Zone 69.00 72.05 3.05 4.00
TL15385B 527675E Main FW Zone 393.55 395.00 1.45 2.58
TL15-386 527975E Main HW Zone 459.25 460.55 1.30 1.69
TL15387 527550E C Zone 260.0 261.0 1.0 3.57
TL15388 527425 Main HW Zone 334.0 335.0 1.0 7.05


B Zone 386.0 384.0 1.0 7.02 Visible Gold
TL15-389 528025E Main HW Zone 448.00 451.00 3.00 11.67 Visible Gold

Holes are generally drilled 350-360°Azmuith with inclinations ranging -55 to -70°.
All assays are rounded to two decimal places.
*Intervals do not necessarily indicate true widths.
HW = Hanging Wall; FW = Footwall

The Main, B and C Zone shoots all remain open at depth.  Current geological interpretations indicate that additional parallel shoots may also occur elsewhere along strike of the currently delineated gold mineral resource. A complete set of assay results can be found on the company's website. Additional results from the Phase 2 program and further plans related to the B Zone will be reported in due course. Upon completion of the current round of drilling, the Company will complete and file a new NI 43-101 compliant resource report which will form the basis for the feasibility study to be initiated in 2015.

Technical information in this press release has been reviewed and approved by Paul Dunbar, 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 Canadian standards for every tenth sample in the sample stream. Selected quarter core duplicates are assayed every 20 samples. The laboratory re-assays 10% of all samples (pulps and rejects) and additional checks are routinely run on anomalous values including both gravimetric analysis and metallic screen fire assaying methods. Gold analysis is conducted by lead collection, fire assay with atomic absorption and/or gravimetric finish on a 30 gram sample (recently changed to 50 gm).  A total of 5% of the sample pulps will be dispatched to a secondary assay laboratory for assay verification. 

To learn more about Treasury Metals, please visit the Company's website at www.treasurymetals.com.

Forward-looking Statements
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.

SOURCE Treasury Metals Inc.

 
 

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