Treasury Metals Inc. (TSX: TML) announced today results from the initial 12 holes out of its 2021 diamond drilling program at the Goliath gold deposit in Northwestern Ontario. The results highlighted an intersect of 52.6 g/t gold over 15.0 metres.
Out of the planned 25,000-metre program, the company has drilled approximately 21,500 metres covered by 46 drill holes. 23 of these are focused within the resource area while the rest are either focused on exploration to the west and far east of the property.
Highlight assays from the drill results released today include:
- TL21-561 (resource area): 52.6 g/t gold over 15.0 metres
- including 870.0 g/t gold over 0.84 metres
- TL21-543 (western expansion): 19.8 g/t gold over 1.3 metres
- including 33.9 g/t gold over 0.7 metres
“With two drill rigs on the Goliath property, we are continuing with additional resource growth and conversion drilling with the aim of updating our resource in the new year, while allowing for exploration drilling at several targets such as the Far East, where we currently have one drill exploring for the first time since 2012,” said Treasury Metals CEO Jeremy Wyeth.
You may access the full results here.
Treasury Metals Inc. last traded at $0.70 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. 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.