Treasury Metals (TSX: TML) this morning reported assay results from twelve drill holes. The results come from the firms Goliath Gold Complex, located in Northwestern Ontario. Highlights from the program include hole GL-20-043, which returned assay values as high as 7.15 g/t gold over 15.0 metres.
The results released this morning come from an ongoing 10,000 metre drill program at the Goldlund Gold Deposit at the Goliath Gold Complex project. Results released this morning come from the region of the deposit that is expected to be included within a preliminary economic assessment for an open pit mine, with the program focusing on delineating additional resources.
A number of highlights were identified by the company in connection with the results, including:
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- Hole GL-20-049: 3.29 g/t gold over 3.0 metres, 5.15 g/t gold over 9.5 metres0.52 g/t gold over 10.0 metres
- Hole GL-20-046: 1.18 g/t gold over 37.7 metres
- Hole GL-20-051 1.72 g/t gold over 7.7 metres
The company is currently focused on confirming the continuity of high grade mineralization, converting resources from inferred to indicated, testing extensions of the main PEA open pit, and improving the overall size and quality of the resource as the firm works towards conducting a pre feasibility study at the deposit.
| Hole ID | Zone | From (m) | To (m) | Length (m) | Au (g/t) |
| GL-20-043 | 2 | 74.00 | 89.00 | 15.00 | 7.15 |
| including | 74.00 | 75.00 | 1.00 | 5.59 | |
| and including | 87.00 | 88.00 | 1.00 | 5.03 | |
| and including | 88.00 | 89.00 | 1.00 | 83.70 | |
| GL-20-046 | 3 | 1.30 | 39.00 | 37.70 | 1.18 |
| including | 14.00 | 15.00 | 1.00 | 12.70 | |
| and including | 35.07 | 35.95 | 0.88 | 26.50 | |
| GL-20-049 | 2 | 3.00 | 6.00 | 3.00 | 3.29 |
| including | 3.00 | 4.00 | 1.00 | 9.06 | |
| GL-20-049 | 3 | 56.00 | 65.50 | 9.50 | 5.15 |
| including | 56.00 | 57.00 | 1.00 | 19.90 | |
| and including | 64.90 | 65.50 | 0.60 | 33.90 | |
| GL-20-051 | 2 | 2.32 | 10.00 | 7.68 | 1.72 |
| including | 8.00 | 10.00 | 2.00 | 6.22 | |
| GL-20-041 | 6 | 36.90 | 39.50 | 2.60 | 4.39 |
| including | 37.70 | 38.50 | 0.80 | 9.49 | |
| GL-20-045 | 3 | 104.60 | 107.85 | 3.25 | 6.58 |
| including | 106.75 | 107.85 | 1.10 | 14.50 |
Treasury Metals last traded at $1.08 on the TSX.
Information for this briefing was found via Sedar and Treasury Metals. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
One Response
Nice numbers – next to Trans Canada Gold – TSXV : TTG