|March 25, 2015|
Treasury Metals Reports High-Grade Gold Results in New Zone and in Developing Western Area at Goliath
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:
Holes are generally drilled 350-360°Azmuith with inclinations ranging -55 to -70°.
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.
SOURCE Treasury Metals Inc.
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