TSX: TML
TORONTO,
March 18, 2013 /CNW/ - Treasury
Metals Inc. is reporting additional drilling results from the Main
and C Zones of the Company's flagship Goliath Gold Project located
in northwestern Ontario. The C
Zone mineralisation is located approximately 30 to 50 metres behind
the Project's Main Zone of mineralization. Holes TL13-300 and
TL13-311 were drilled in the eastern sector of the proposed open
pit whereas the 4 remaining holes were drilled in the western
sector at relatively shallow depths except for TL13-314 which
intersected the C Zone at approximately 225m below the surface.
The results reported today include near surface intersections of
13 metres at 3.13 g/t Au from 79.5 meters depth (C Zone) in drill
hole TL13-300 and 1 metre at 430 g/t Au from 16.7 metres depth in
drill hole TL13-320. The latter intersection, which
highlights the higher grade zones of the deposit, was a Main Zone
intercept with multiple flecks of visible gold that occurred in
thin pyrite-rich laminae with sphalerite and galena in the host
muscovite-sericite schist.
| Table of Drill Results: |
|
|
|
|
|
|
|
|
|
|
| Drill Hole |
|
From (m) |
|
To (m) |
|
Zone |
|
*Interval (m) |
|
Au (g/t) |
| TL13-300 |
|
79.5 |
|
92.5 |
|
C Zone |
|
13.0 |
|
3.1 |
| TL13-311 |
|
52.2 |
|
53.2 |
|
Main Zone |
|
1.0 |
|
14.6 |
| TL13-312 |
|
191.6 |
|
207.6 |
|
C Zone |
|
16.0 |
|
0.78 |
| TL13-313 |
|
192.9 |
|
200.4 |
|
C Zone |
|
7.5 |
|
1.58 |
| TL13-314 |
|
133.0 |
|
149.4 |
|
Main Zone |
|
16.4 |
|
1.13 |
| TL13-320 |
|
16.7 |
|
17.7 |
|
Main Zone |
|
1.0 |
|
430 |
| *Intervals do not necessarily indicate true widths.
See attached map for drillhole locations. All depths and assays
rounded to one decimal place. Typical sample interval
approximately 1m; weighted averages use 0.3g/t Au cut-off except
for 'included' higher grade sections. |
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 a Qualified Persons
for the Goliath Gold Project under the definitions established by
National Instrument 43-101.
To view further details about the Goliath
Project, an updated C Zone and Main Zone long section, 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.
SOURCE Treasury Metals Inc.