Treasury Metals Provides Operational Update for its Goliath Gold Project

About this update from Nexgold Mining Corp.

[{"type":"text","content":"\n\n\n\n\n\nTSX: TML\n\n\nTORONTO, May 14, 2013 /CNW/ - Treasury Metals Inc. is pleased to provide\n a summary of key operational activities on its flagship Goliath Gold\n Project located in northwestern Ontario.\n\n\nTreasury Metals submitted its Project Description (PD) to the Canadian\n Environmental Assessment Agency (CEAA) in late 2012. CEAA subsequently\n issued its Environmental Impact Statement (EIS) Guidelines to the\n company in February of this year. Treasury Metals continues to work\n towards submitting the Goliath Project EIS to CEAA in the fourth\n quarter of 2013, a major milestone in the mine permitting process.\n\n\nTreasury Metals also continues to advance technical engineering programs\n to support a Goliath Gold Project Mine Feasibility Study.\n\n\nHighlights of recent developments include:\n\n\nNordmin Engineering of Thunder Bay completed a gap analysis of the Company's environmental\n baseline data collection programs on the Goliath Gold Project. This Gap\n analysis is vital as it highlights any additional data that may be\n needed for the 2013 field season and EIS submission.\n\nAMEC Environmental and TBT Engineering of Thunder Bay completed Phase One of the Project's Hydrogeology study\n that outlines natural water courses and surrounding ground water\n levels.\n\nPhase Two of the Company's Hydrogeology program is currently under way\n and consists of the drilling of various water wells for detailed\n monitoring of ground water.  This data is required in support of the\n EIS.\n\nGeochemical testing with EcoMetrix Inc. of Mississauga of various rock types from the project area is ongoing.\n The study to examine among other things, the Acid Generating\n characteristics is nearing completion.\n\nThe Company continues to advance the Geotechnical Studies towards Mine Feasibility\n Level. MDEng of Kingston completed more than 1000 metres of orientated core drilling\n that will be used to support Geotechnical studies needed for open pit\n wall and underground stope design work.\n\nNordmin Engineering has been engaged to assist with the optimization of site layout for the\n Project's infrastructure including the location of the Tailings Storage\n Facility.\n\nThe Company has initiated the process with the Ontario Ministry of\n Northern Development and Mines to bring to Mine Lease any Exploration\n Claims cri...

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