Treasury Metals shares up on 870 g/t gold interval drilled at Goliath
(Kitco News) - Treasury Metals (TSX: TML)today announced high-grade intersections from an initial 6,650 metres from 12holes of a planned 25,000 metre diamond drilling program for 2021 at theGoliath gold deposit, located in Northwestern Ontario.
The company said that resultsfrom 12 holes for the Goliath gold project 2021 drilling campaign releasedtoday include significant intersections both within the PEA resource zone andalong strike.
Selected drill results includeHole TL21-561 which intersected 15.00 m grading 52.60 g/t Au, including 0.84 mgrading 870 g/t Au, 0.74 m grading 25.80 g/t Au and 0.50 m grading 47.50 g/t Aufrom 375 m to 390 m downhole along the Main Zone East shoot.
President and CEO JeremyWyeth commented, "We are pleased to announce the drill results today fromGoliath. The high-grade intersections intercepted at depth will allow for abetter understanding of the geometry of the ore body at depth and will helpwith modelling the continuity of the underground stopes."
Treasury Metals is a goldfocused company with assets in Canada. Treasury's Goliath gold complex, whichincludes the Goliath, Goldlund and Miller deposits, is located in NorthwesternOntario.
The company also owns severalother projects throughout Canada, including the Lara polymetallic project,Weebigee-Sandy Lake gold project JV, and grassroots gold exploration propertyGold Rock.
The company's shares were up15% this afternoon.
By Vladimir BasovFor Kitco News
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