Treasury Metals (TSX: TML) this morning announced that it is increasing its 2021 drill program at its Goliath Gold Complex. The revised program will now see 60,000 metres drilled in aggregate, following the close of a recent $17.6 million financing.
The additional meterage to be conducted under the program will be focused on increasing drill density in under drilled areas. This follows the recent completion of a preliminary economic assessment at the site.
The second drill rig that is to be mobilized will initially focus on a 15,000 metre program slated for the Goliath target, with an additional 10,000 metres to be drilled in the third quarter that focuses on new targets outside the current resources.
To date, a total of 6,000 metres of drilling has meanwhile been completed at the Goldlund deposit, out of a total 30,000 metres now scheduled for the deposit. The Miller deposit meanwhile has seen 3,000 out of the 6,000 metres slated to be drilled completed. The additional drilling is expected to result in an updated resource estimate by the end of the year.
Finally, the company intends to conduct further grassroots exploration on the program through soil sampling and mapping activities as a means for future target generation.
Treasury Metals last traded at $0.94 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.
