Treasury Metals Identifies New Mineralised Shoot at Goliath Gold Project
22 Agosto 2012 - 1:22AM
PR Newswire (Canada)
TSX:TML TORONTO, Aug. 22, 2012 /CNW/ - Treasury Metals Inc.
("Treasury Metals" or the "Company") is pleased to report the
results of 20 drill holes of diamond drilling from its 2012
exploration program at its 100% owned Goliath Gold Project. Located
near the unincorporated community of Wabigoon and approximately 20
kilometres east of the City of Dryden, Ontario, the Goliath is
Treasury's flagship project. The Company's 2012 exploration
program, which is a core drilling program of 20,000 meters in
total, is designed to test a number of high-quality exploration
targets outside of the already identified mineral resource (see
Press Release November 9, 2011) on areas within the greater than 49
km(2) property block. The most significant results in this recent
phase of drilling correspond to a new mineralised shoot that early
interpretation suggests could be an extension of the C Zone
deposit. These results include 7.35m @ 1.39 g/t Au in drill hole
TL12-267, and 7.00m @ 3.44 g/t Au in drill hole TL12-268. This new
easterly trending mineralised shoot, see accompanying C Zone Long
Section, is tentatively interpreted with a 45 - 55 degree rake.
"The interpreted mineralised shoot is significant because of its
close proximity to the proposed open pit outlined in the Company's
recent Preliminary Economic Assessment as it adds the potential for
new open pit mineable gold ounces," commented Martin Walter,
Treasury Metals President and Chief Executive Officer. In the Fold
Zone, an area approximately 2.5km to the east and along strike of
the current mineral resource boundary, results from 7 drill holes
have extended the pattern of mineralization reported previously
(see Press Release July 19, 2012). Geological lithologies
identified in this area are a mixed sequence of pelitic
metasediments, amphibolite, and mafic meta-volcanics. Significant
sections of near massive pyrrhotite mineralization are frequently
encountered in drilling as well as narrow high-grade auriferous
horizons or shear zones. These auriferous shear zones are
frequently accompanied by sphalerite, galena, and copper sulfides.
The best Fold Zone intercept in this drilling phase corresponds to
1.5m @ 17.52 g/t Au in TL12-247 that includes a halo of lower grade
mineralization over a total intercept width of 6m located within a
highly fractured zone with fractures infilled with pyrite,
sphalerite and chalcopyrite. These results reported and tabled
below correspond to two main exploration target areas within the
Goliath property. To view further details of these and previous
drilling results including diamond drilling plan maps and drill
hole locations, please visit the Company's website,
www.treasurymetals.com. Recent Drilling Highlights: 1. Eastern
Resource Extension. Fourteen drill holes were drilled along 350
meters of strike length on the eastern end of the current resource
area to test its vertical extent from 25 - 200 meters below the
surface. The primary target for this program has been the C Zone,
which sits approximately 40 meters into the footwall from the Main
Zone. Results received to date indicate modest grade over
substantial widths as exemplified by drill hole TL12-258
intersecting 23.66 m @ 0.56 g/t Au. Other noteworthy results
include 2m @ 11.62 g/t Au in drill hole TL12-240; this intercept is
interpreted to be in a zone footwall to the C Zone where follow-up
drilling to the east is now warranted. Further follow-up drilling
in the C Zone has potential to increase the resource size and
upgrade Inferred resources into the Indicated resource category. 2.
Fold Zone. Six holes were drilled in a NNW fence, 3.1 km to the
Northeast of the eastern end of the present resource, to test a
prospective 1.2 km lithologic section down to a depth of
approximately 300 meters, across the strike projection of the
auriferous horizon in a structurally complex area described as the
Fold Zone. Results of particular interest from this drilling in
this area are intercepts of 2m @ 6.00 g/t Au in TL12-247 and 1.5
meters at 17.52 g/t as well as 3.0 meters @ 2.27 Au in TL12-245.
The first hole at the western end of the second of three fences
across the Fold Zone, TL12-248 is also significant in that 2
separate 8.0 meter intercepts returning 0.39 and 0.33 g/t Au
respectively occur in the 28m down hole interval between 172 - 200
meters that also includes a separate intercept of 1.5m @ 12.44 g/t
Au. 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. Eastern Extension
_________________________________________________________ |Drill
Hole|Local Section| From | To |Intercept (m)|g/t |
|__________|_____________|______|______|_____________|____|
|TL12260 | L3+00W |196.55|206.5 | 9.95 |0.73|
|__________|_____________|______|______|_____________|____|
|TL12260 | L3+00W |212.5 |225.5 | 13.00 |0.65|
|__________|_____________|______|______|_____________|____|
|TL12261 | L2+75W |146.34|150.75| 4.41 |5.40|
|__________|_____________|______|______|_____________|____|
|TL12261 | L2+75W |211.5 | 226 | 14.50 |0.63|
|__________|_____________|______|______|_____________|____|
|TL12263 | L2+00W | 158 | 168 | 10.00 |0.32|
|__________|_____________|______|______|_____________|____|
|TL12264 | L1+50W |159.9 |162.6 | 2.70 |0.76|
|__________|_____________|______|______|_____________|____|
|TL12265 | L2+50W | 115 |123.5 | 8.50 |0.72|
|__________|_____________|______|______|_____________|____|
|TL12265 | L2+50W |142.55| 145 | 2.45 |0.50|
|__________|_____________|______|______|_____________|____|
|TL12267 | L2+75W |39.39 | 43.4 | 4.01 |0.99|
|__________|_____________|______|______|_____________|____|
|TL12267 | L2+75W |106.5 |111.25| 4.75 |1.94|
|__________|_____________|______|______|_____________|____|
|TL12267 | L2+75W | 219 |226.35| 7.35 |1.39|
|__________|_____________|______|______|_____________|____|
|TL12268 | L3+00W | 113 | 120 | 7.00 |3.44|
|__________|_____________|______|______|_____________|____|
|TL12269 | L3+50W | 20 |22.25 | 2.25 |1.56|
|__________|_____________|______|______|_____________|____|
|TL12269 | L3+50W |92.08 |110.5 | 18.42 |0.55|
|__________|_____________|______|______|_____________|____|
|TL12270 | L3+25W |245.75|254.75| 9.00 |0.62|
|__________|_____________|______|______|_____________|____|
|TL12270 | L3+25W | 267 |272.1 | 5.10 |0.71|
|__________|_____________|______|______|_____________|____|
|TL12272 | L0+00BL | 240 | 241 | 1.00 |2.76|
|__________|_____________|______|______|_____________|____|
|TL12273 | L1+00W |88.75 |90.75 | 2.00 |1.70|
|__________|_____________|______|______|_____________|____|
|TL12273 | L1+00W |196.35|201.5 | 6.52 |0.52|
|__________|_____________|______|______|_____________|____|
|TL12274 | L1+00W | 72 | 73 | 1.00 |3.10|
|__________|_____________|______|______|_____________|____|
|TL12274 | L1+00W |238.5 |240.5 | 2.00 |1.26|
|__________|_____________|______|______|_____________|____|
|TL12275 | L1+75W | 178 |181.5 | 3.50 |0.59|
|__________|_____________|______|______|_____________|____|
|TL12275 | L1+75W |278.3 | 286 | 7.70 |0.52|
|__________|_____________|______|______|_____________|____|
|TL12276 | L2+25W |101.5 | 104 | 2.50 |2.78|
|__________|_____________|______|______|_____________|____|
|TL12276 | L2+25W |184.5 |192.12| 7.62 |0.33|
|__________|_____________|______|______|_____________|____|
*Intervals do not necessarily indicate true widths. All depths and
assays reported at two decimal places. Fold Zone
________________________________________________________ |Drill
Hole|Local Section|From | To |Intercept (m)| g/t |
|__________|_____________|_____|_____|_____________|_____| |TL12247
| NE 77A | 21 | 27 | 6.00 |4.69 |
|__________|_____________|_____|_____|_____________|_____|
|*includes | NE 77A |22.5 | 24 | 1.50 |17.52|
|__________|_____________|_____|_____|_____________|_____| |TL12249
| Az 330 60 | 36 |37.5 | 1.50 |3.32 |
|__________|_____________|_____|_____|_____________|_____| |TL12250
| Az 330 33 |85.45|86.45| 1.00 |5.86 |
|__________|_____________|_____|_____|_____________|_____| |TL12251
| NE PR F2 | 194 | 196 | 2.00 |1.21 |
|__________|_____________|_____|_____|_____________|_____| |TL12252
| NE PR F2 |52.5 |58.5 | 6.00 |0.34 |
|__________|_____________|_____|_____|_____________|_____| |TL12253
| NE PR F2 |70.93|71.93| 1.00 |0.32 |
|__________|_____________|_____|_____|_____________|_____| |TL12254
| NE 93 |118.5| 120 | 1.50 |3.04 |
|__________|_____________|_____|_____|_____________|_____| |TL12254
| NE 93 | 267 |268.5| 1.50 |1.73 |
|__________|_____________|_____|_____|_____________|_____|
*Intervals do not necessarily indicate true widths. All depths and
assays reported at two decimal places. For additional information
on Treasury Metals and a complete map of drill holes and their
locations, please visit the Company's website at
www.treasurymetals.com. Quality Assurance and Quality Control The
Company has 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 standards for every tenth
sample in the sample stream. Selected quarter core duplicates were
assayed for 5% of the samples. The laboratory re-assays 10% of all
samples (pulps and rejects) and additional checks are routinely run
on anomalous values including gravimetric analysis and pulp
metallics. Gold analysis is conducted by lead collection, fire
assay with atomic absorption and/or gravimetric finish on a 30 gram
sample. Check assays by a secondary lab are completed as necessary.
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.
Treasury Metals Inc. CONTACT: Greg FerronVice President, Corporate
DevelopmentT: 1.416.214.4654greg@treasurymetals.comMartin
WalterPresident and CEOT: 1.416.214.4654martin@treasurymetals.com
Copyright
Grafico Azioni Treasury Metals (TSX:TML)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Treasury Metals (TSX:TML)
Storico
Da Lug 2023 a Lug 2024