Treasury Metals Adds a Third Drilling Rig-Expands Program to 30,000 Metres at Goliath Gold Project
27 Aprile 2011 - 2:41PM
Marketwired
Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:
TML) is pleased to announce that it has added a third drilling rig
to its Goliath Gold Project and is expanding the current 20,000
metre diamond drilling program to 30,000 metres. The program, which
is focused on infill drilling and extending the resource, began in
December 2010 and to date 16,000 metres (43 holes) have been
completed. Based on the encouraging high-grade results (such as
16.60 m of 32.73 g/t Au in hole TL11-135) on the eastern portion of
the deposit, all three rigs are now focused on defining the
high-grade zone that is developing in that area.
"These results warranted a third drilling rig to expand and
expedite the program," commented Martin Walter, CEO of Treasury
Metals. "Andrew Cheatle, our Vice President of Exploration, has
done an excellent job expanding the geological team on-site to
accelerate the pace of our drilling program. At the end of this
program, due to finish in the third quarter of this year, we expect
to deliver a revised resource calculation that will form the basis
of a mine feasibility study."
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.
Contacts: Treasury Metals Inc. Greg Ferron Vice President
Corporate Development 1.416.214.4654 greg@treasurymetals.com
Treasury Metals Inc. Martin Walter CEO 1.416.214.4654
martin@treasurymetals.com
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