Treasury Metals Commences Drilling Program at Goldcliff Project, Ontario
15 Ottobre 2012 - 2:30PM
PR Newswire (Canada)
TSX:TML TORONTO, Oct. 15, 2012 /CNW/ -Treasury Metals Inc.
("Treasury Metals" or the "Company") has commenced a diamond core
drilling program at its 100% owned Goldcliff Project, located
approximately 40 kilometres south-southeast of the City of Dryden,
Northwestern Ontario in the Kenora Mining District. The Goldcliff
Project lies along a distinct NE-SW shear zone that also hosts the
historic producers of the Gold Rock mining camp and is contiguous
to Manitou Gold's Kenwest property. The 40 km(2) property is
accessible by paved roads and has access to excellent
infrastructure. The Company completed magnetic and heliborne
electromagnetic surveys over both its flagship Goliath Gold and
Goldcliff Projects in July 2011. Other exploration programs at
Goldcliff in 2011 and 2012 consisted of trenching, sampling and
mapping. This new exploration program at Goldcliff has been
designed to test a number of drill targets and will consist of
approximately 1,000 metres of diamond core drilling. Further,
details on the next phase of the Company's flagship Goliath Gold
Project exploration program will be provided shortly. 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 view further details about the Goldcliff Project, 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.
Treasury Metals Inc. CONTACT: Greg FerronVice President, Corporate
DevelopmentT: 1.416.214.4654greg@treasurymetals.comMartin
WalterPresident & CEOT: 1.416.214.4654martin@treasurymetals.com
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