Treasury Metals Drilling Program Outlines Shallow High Grade Ounces Outside of Main Resource Area

About this update from Nexgold Mining Corp.

[{"type":"text","content":"\n\nTSX:TML\n\n\n\nTORONTO, Aug. 5, 2014 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce results from the Phase I drilling program at its 100% owned Goliath Gold Project located near the town of Dryden in northwestern Ontario. \n\nTreasury's current exploration program is focused on discovery of new resources, continued expansion of the developing C Zone horizon as well as infill delineation drilling of the Main Zone to tighten grades of proposed underground stopes and extend limits of known mineralization. \n\nHighlights of the final Phase I drilling program include exploration Hole TL14-367, drilled approximately 400m west of the main resource. Hole 367 was targeting base metal trends, intersected 12.8m at 2.71 g/t, across the interpreted Main Zone stratigraphy at a vertical depth of 52 meters.  The area remains open in all directions. In previous drilling, to the west hole TL14-369 encountered 5m at 1.32g/t and to the east TL09-066 intersected 8.5m at 1.41g/t, including 3.75m at 2.65g/t at a vertical depth of 25m (See Press Release Jan. 13, 2010). The area remains a high priority for Phase II drilling during 2014, in an effort to discover and delineate shallow, open pit-able resources. Additional details of the Phase II exploration program will be provided in the short term. \n\nThe Goliath Project continues to deliver solid gold grades within its current resource. TL14-362 containing multiple specks of VG, returned a value of 24.43g/t over 3.1m within the Main Zone Western Shoot. The intercept is currently held within the 'Inferred Outline' of the western resource, destined to become categorized as 'Indicated' with the upcoming NI 43-101 resource update.\n\n\n\n\nHole ID\n\n\nSection\n\n\nArea\n\n\nFrom\n\n\nTo\n\n\n* Intercept (m)\n\n\nAu (g/t)\n\n\n\nTL14360\n\n\nC Zone Deeps\n\n\nC Zone FW\n\n\n329\n\n\n336.4\n\n\n7.40\n\n\n1.78\n\n\n\nTL14360\n\n\nC Zone Deeps\n\n\nincluding\n\n\n332\n\n\n336.4\n\n\n4.40\n\n\n2.61\n\n\n\nTL14-362\n\n\nWestern Resource \n\n\nH3\n\n\n252.5\n\n\n254\n\n\n1.50\n\n\n10.82\n\n\n\nTL14-362\n\n\nWestern Resource\n\n\nMain Zone\n\n\n317.9\n\n\n321\n\n\n3.10\n\n\n24.40\n\n\n\nTL14-367\n\n\nMain Zone Far West\n\n\nWestern Exp.\n\n\n67.15\n\n\n79.95\n\n\n12.80\n\n\n2.71\n\n\n\nTL14-367\n\n\nIncluding\n\n\nWestern Exp.\n\n\n68\n\n\n75\n\n\n7.00\n\n\n4.22\n\n\n\nTL14-368\n\n\nC Zon...

More updates from Nexgold Mining Corp.