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Treasury Commences Exploration Program and Downhole IP Survey at Goliath Gold and Provides Project Update
Treasury Commences Exploration Program and Downhole IP Survey at Goliath Gold and Provides...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\n\n\nTreasury Commences Exploration Program and Downhole IP Survey at Goliath Gold and Provides Project Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Aug. 19, 2019\n\n\n\nTSX: TML        OTCQX: TSRMF\n TORONTO, Aug. 19, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce the commencement of its fall exploration program and the completion of the 30-day public comment period on the Draft Environmental Assessment (\"EA\") Report for the Goliath Gold Project (the \"Project\"). Under the federal government's environmental assessment process, the Company is currently awaiting an environmental assessment decision from the Federal Minister of the Environment and Climate Change based on the findings laid out in the final EA Report.  \nGoliath's Downhole IP Survey\nTreasury is also pleased to provide an update on its hole-to-hole induced polarization (IP) survey conducted across the Goliath Gold resource area. Using existing holes spanning the full strike and depth of the resource, this program was designed to outline the chargeability signature of Goliath, to test the high-grade down-dip extension potential below the current resource (400m below), outline new drill targets and detect any previously unknown nearby mineralized concentrations. \nThe completed holes have shown positive results and strong correlation to the currently defined resource. The IP results indicate a new valuable use of this technology and will provide Treasury with the ability to define additional high-priority drill targets. \nThe next steps will be the full analysis of the IP survey, announce the results and to focus on an expansion-drilling program of these new targets not previously drilled below the existing resource area. \nThe downhole IP program is being completed by Golden Mallard Corporation. Recent projects having success implementing similar down dip extension surveys include Osisko Mining Inc.'s Windfall Lake Project and Harte Gold Corp.'s Sugar Zone Property. \nRegional Potential at G...