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 12 holes of a planned 25,000 metre diamond drilling program for 2021 at the Goliath gold deposit, located in Northwestern Ontario.
The company said that results from 12 holes for the Goliath gold project 2021 drilling campaign released today include significant intersections both within the PEA resource zone and along strike.
Selected drill results include Hole TL21-561 which intersected 15.00 m grading 52.60 g/t Au, including 0.84 m grading 870 g/t Au, 0.74 m grading 25.80 g/t Au and 0.50 m grading 47.50 g/t Au from 375 m to 390 m downhole along the Main Zone East shoot.
President and CEO Jeremy Wyeth commented, "We are pleased to announce the drill results today from Goliath. The high-grade intersections intercepted at depth will allow for a better understanding of the geometry of the ore body at depth and will help with modelling the continuity of the underground stopes."
Treasury Metals is a gold focused company with assets in Canada. Treasury's Goliath gold complex, which includes the Goliath, Goldlund and Miller deposits, is located in Northwestern Ontario.
The company also owns several other projects throughout Canada, including the Lara polymetallic project, Weebigee-Sandy Lake gold project JV, and grassroots gold exploration property Gold Rock.
The company’s shares were up 15% this afternoon.