Treasury Metals Recommences Drilling at Goliath Gold Project, Ontario

News provided by

Treasury Metals Inc.

Jan 10, 2013, 08:00 ET

TSX:TML

TORONTO, Jan. 10, 2013 /CNW/ - Treasury Metals Inc. is pleased to announce a 2013 exploration drilling program is now under way at Treasury's 100% owned Goliath Gold Project, situated near the community of Wabigoon and 20 kilometres east of the City of Dryden, Ontario.

The primary focus of the drilling program will be to further delineate the C Zone within the proposed open pit to bring Inferred resources to Indicated resources and add ounces to the open pit. Further exploration will follow of the C Zone high-grade gold shoot, discovered in the central part of the Goliath deposit and intersected approximately 50 metres behind the project's mineralised Main Zone (see news release December 11, 2012).

Completed assay results from December drill holes will be released shortly once assays become available.

Technical information in this press release has been reviewed and approved by Mr. John J. Chulick, a consulting geologist registered in the State of California, who is the Qualified Person for the Goliath Gold Project under the definitions established by National Instrument 43-101.

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.

Please contact:

Greg Ferron
Vice President Corporate Development
T: 1.416.214.4654
[email protected]

Martin Walter
President & CEO
T: 1.416.214.4654
[email protected]

Organization Profile

Treasury Metals Inc.

Treasury Metals Inc. is a gold focused company with assets in Canada. Treasury's Goliath Gold Complex ("GGC"), which includes the Goliath, Goldlund and Miller projects, is located in Northwestern Ontario. The GGC projects benefit substantially from excellent access to the...