TSX:TML
TORONTO, March 25, 2015 /CNW/ - Treasury Metals Inc. (TSX:
TML) is pleased to announce additional results from its Phase II
drilling program on its 100% owned Goliath Gold Project located
near the city of Dryden in
northwestern Ontario.
This program was initiated for the purpose of resource category
conversion and expanding known gold mineralized zones by drill
testing high-grade gold intercepts down plunge and drilling along
the perimeter of the gold-bearing shoots outside of the main
shoots. The primary focus has been on developing the C Zone and
Western shoots at depth in areas that have not been previously
drill tested. To date, drilling has intersected high-grade gold
mineralization with visible gold and outlined a new potential zone
(designated the B Zone) to focus future exploration
work. The B Zone is situated between the Main and C
Zones and encountered significant high grade gold assays with
common visible gold occurrences.
Significant results are as follows:
Hole
No.
|
Section
|
Zone
|
From
(m)
|
To
(m)
|
*Length
(m)
|
Au
(g/t)
|
Comments
|
TL14-373-15RE
|
527450E
|
B Zone
|
335.00
|
336.00
|
1.00
|
29.31
|
Visible
Gold
|
TL14377RE
|
527500E
|
C1 HW Zone
|
296.70
|
301.00
|
4.30
|
1.90
|
|
TL14378B
|
527525E
|
C1 HW Zone
|
421.00
|
424.00
|
3.00
|
4.04
|
|
|
|
C2 FW Zone
|
436.00
|
439.00
|
3.00
|
5.40
|
Visible
Gold
|
TL15379
|
527400E
|
Main HW
Zone
|
313.00
|
315.00
|
2.00
|
1.28
|
|
TL15380
|
527425E
|
Main HW
Zone
|
269.90
|
272.00
|
2.10
|
15.85
|
|
|
|
B Zone
|
315.75
|
316.60
|
0.85
|
10.84
|
|
TL15381B
|
527550E
|
B Zone
|
293.15
|
296.15
|
3.00
|
24.18
|
Visible
Gold
|
|
|
C2 FW Zone
|
366.00
|
369.00
|
3.00
|
3.16
|
Visible
Gold
|
TL15382
|
527625E
|
Main HW
Zone
|
31.80
|
36.00
|
4.20
|
4.25
|
|
TL15383
|
527650E
|
Main-FW
Zone
|
12.80
|
14.00
|
1.20
|
2.39
|
|
TL15384
|
527700E
|
Main HW
Zone
|
69.00
|
72.05
|
3.05
|
4.00
|
|
TL15385B
|
527675E
|
Main FW
Zone
|
393.55
|
395.00
|
1.45
|
2.58
|
|
TL15-386
|
527975E
|
Main HW
Zone
|
459.25
|
460.55
|
1.30
|
1.69
|
|
TL15387
|
527550E
|
C Zone
|
260.0
|
261.0
|
1.0
|
3.57
|
|
TL15388
|
527425
|
Main HW
Zone
|
334.0
|
335.0
|
1.0
|
7.05
|
|
|
|
B Zone
|
386.0
|
384.0
|
1.0
|
7.02
|
Visible
Gold
|
TL15-389
|
528025E
|
Main HW
Zone
|
448.00
|
451.00
|
3.00
|
11.67
|
Visible
Gold
|
Holes are generally drilled 350-360°Azmuith with inclinations
ranging -55 to -70°.
All assays are rounded to two
decimal places.
*Intervals do not necessarily indicate
true widths.
HW = Hanging Wall; FW = Footwall
The Main, B and C Zone shoots all remain open at depth.
Current geological interpretations indicate that additional
parallel shoots may also occur elsewhere along strike of the
currently delineated gold mineral resource. A complete set of assay
results can be found on the company's website. Additional results
from the Phase 2 program and further plans related to the B Zone
will be reported in due course. Upon completion of the current
round of drilling, the Company will complete and file a new NI
43-101 compliant resource report which will form the basis for the
feasibility study to be initiated in 2015.
Technical information in this press release has been reviewed
and approved by Paul Dunbar, P. Geo,
who is the qualified person under the definitions established by
National Instrument 43-101.
The Company has implemented 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 Canadian
standards for every tenth sample in the sample stream. Selected
quarter core duplicates are assayed every 20 samples. The
laboratory re-assays 10% of all samples (pulps and rejects) and
additional checks are routinely run on anomalous values including
both gravimetric analysis and metallic screen fire assaying
methods. Gold analysis is conducted by lead collection, fire assay
with atomic absorption and/or gravimetric finish on a 30 gram
sample (recently changed to 50 gm). A total of 5% of the
sample pulps will be dispatched to a secondary assay laboratory for
assay verification.
To learn more about Treasury Metals, 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.
SOURCE Treasury Metals Inc.