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Treasury Metals Commences 15,000 m Drilling Campaign at the Goliath Gold Project
Treasury Metals Commences 15,000 m Drilling Campaign at the Goliath Gold Project C...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\n\n\nTreasury Metals Commences 15,000 m Drilling Campaign at the Goliath Gold Project\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, Dec. 16, 2019\n\n\n\nTSX: TML        OTCQX: TSRMF \n TORONTO, Dec. 16, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML) (\"Treasury\" or the \"Company\") is pleased to announce that the Company has commenced a 15,000 metre diamond drilling program with two rigs at its flagship Goliath Gold Project located in northwestern Ontario.  \nThis initial program will focus on a 5,000 metres infill drill campaign targeting the conversion of underground \"inferred\" resource blocks to the \"indicated\" category within the C Zone East resource area where several significant gold intersections have been found. The developing high-grade shoot is located approximately 200 metres east of the main resource area and would be directly accessible via proposed mining development infrastructure. This will allow additional resource blocks to be incorporated into a proposed mining plan that will be part of the upcoming Preliminary Feasibility Study\nAn additional 5,000 metres program will drill test select down-dip targets identified in the recent downhole IP Survey (see press release dated October 24, 2019), areas identified by recent underground mine scheduling modelling work, and further expansion potential of the high-grade Main Zone and C Zone Central ore shoots down dip. These targets have the potential to add ounces below the currently defined resources and give potential for additional mined resources in future mining studies (see image for additional details).\nPart of the final 5,000 metres will be dedicated to exploration drilling of on strike extensions across the full Goliath Property. Of particular interest is the northeast fold nose area, results from the soil gas hydrocarbon program and follow-up to holes drilled on the far east of the property, 11 km along strike from the current resource. This drill hole encountered approximately 100 metres (drilled length) of felsic volcani...