Treasury Metals-Pico Machay Gold Project Update
07 Novembre 2011 - 3:54PM
Marketwired
Treasury Metals Inc. (TSX:TML) (the "Company") advises that it will
not be completing the previously announced acquisition of the Pico
Machay Gold Project in Peru from Pan American Silver Corp. ("Pan
American") on the terms previously negotiated. As a result, the
Company will not be proceeding with the public offering of common
shares announced on August 5, 2011.
At the Company's 100% owned Goliath Gold Project located in
Dryden, Ontario, final results from the 2011 drilling campaign were
announced on October 26 and a new resource estimate will be
released to the market later this week.
To learn more about Treasury Metals and a complete set of the
2011 campaign drill results, 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 1.416.214.4654greg@treasurymetals.com
Treasury Metals Inc. Martin Walter President and CEO
1.416.214.4654martin@treasurymetals.comwww.treasurymetals.com
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