TSX: TML
TORONTO, Oct. 23, 2013 /CNW/ - Treasury Metals Inc. is
pleased to provide a summary of operational activities on its
flagship Goliath Gold Project located in northwestern Ontario and the appointment of Mr.
Murray Ferguson as Director of
Community Development.
Mr. Ferguson joins Treasury Metals as a former Manager for
Weyerhaeuser and Domtar and the Ontario member of Weyerhaeuser's Canadian
Aboriginal Affairs Team. Murray brings extensive experience
and relationships with First Nations in Northwestern Ontario from his work within the
Dryden area. Murray will
continue to engage with surrounding communities and oversee the
consultation aspects going forward throughout the permitting
process.
Treasury Metals continues to work towards submitting the Goliath
Gold Project EIS to the Canadian Environmental Assessment Agency
(CEAA) in early 2014, a major milestone in the mine permitting
process. CEAA subsequently issued its Environmental Impact
Statement (EIS) Guidelines to the company in February of this
year.
Treasury Metals also continues to advance technical engineering
and environmental programs to support a Goliath Gold Project Mine
Feasibility Study.
Highlights of recent developments include:
- Completed Hydrogeology Baseline Sampling program that outlines
natural water courses and surrounding ground water levels,
including 11 additional boreholes and sampling throughout the
year.
- Completed ARD Baseline program with EcoMetrix. Results have
shown easily mitigatable geochemical characteristics with final
waste rock volumes to be confirmed by further infill drilling.
- Detailed studies for Geotechnical Mine Design overseen by MDEng
of Kingston Ontario are on-going
including oriented core drilling. The program will be completed
with the upcoming infill drilling campaign.
- Continued Progress on EIS by internal environmental staff
towards submitting the Goliath Project EIS to CEAA in early
2014.
- Completed a number of environmental and baseline studies that
were identified in the Nordmin Environmental Gap Analysis as
mentioned in the May 14th
operational update.
- Completed significant portion of infill drilling
campaign. Approximately 10,000 metres were drilled for the
infill campaign to further define indicated resources.
- Treasury Metals has continued work to define scope, schedule
and pricing with several mining and environmental consulting firms
for both the preparation of the Environmental Impact Statement and
a mine Feasibility Study.
- Treasury Metals continues to engage with surrounding
communities and Aboriginal groups through consultation and
information meetings.
To view further details about the Goliath Gold Project, please
visit the Company's website at www.treasurymetals.com.
Technical information in this press release has been reviewed
and approved by Mark Wheeler, P.
Eng., Senior Mining Engineer, who is a Qualified Person for the
Goliath Gold Project under the definitions established by National
Instrument 43-101.
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.