Business
Treasury Metals Reports High-Grade Results on the Goliath Gold Project
TSX:TML TORONTO , April 8, 2014 /CNW/ - Treasury Metals Inc. ("Treasury Metals" ...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\nTSX:TML\n\n\n\nTORONTO, April 8, 2014 /CNW/ - Treasury Metals Inc. (\"Treasury Metals\" or the \"Company\") (TSX: TML) is pleased to announce new drilling results from the Goliath Gold Project located in northwestern Ontario. In January 2014, the Company commenced a drilling campaign and these holes represent the initial results from the ongoing program. Initial drilling has been focused on the developing C Zone which included exploration targets at depth and in-fill drilling on the western portion near surface. The C Zone remains open down plunge at depth.        \n\n\nHighlights of the drill holes to date include: \n\n\nHole TL0855-14W2 is a step-out exploration hole that intersected 5.75m @ 3.64g/t, 36m west of previous C Zone hole TL164-12RE (5.2m @ 18.6g/t; See Press Release Dec. 11, 2012).  Part of the 2012 drill program's focus was to re-enter and extend drill holes to evaluate the C Zone, where these original holes were initially terminated by a previous operator after the Main Zone. The 2012 drill program led to discovery of new high grade zones in the developing C Zone.  \n\n\nHighlights also include: TL14-341 which intersected 0.5m @ 57.95 g/t in the Main Zone, followed by an intersection of 3.0m @ 6.27 g/t in the C Zone. This intersection extends the current mineralization of the C Zone domain further west.\n\nHole TL14-343 intersected 3.0m @ 4.32 g/t along the upper contact of the western portion of the C Zone within the proposed open pit shell.  \n\nResults reported in the table below also include an intercept located in the central west area of the Main Zone, returning values of 4.35 m @ 5.19 g/t from hole TL14-345. This hole represents an extension of the underground area of the Main Zone central area.\n\nThe Company continues to explore the developing C Zone horizon both near surface and at depth. The Company has also commenced a delineation program of the Main Zone to tighten grades of proposed underground stopes and also extend limits of known mineralization.\n\nExploration modeling and targeting continues along the Goliath project's mineralized domain trending East-West. Regionally, several high value EM axis and Mag targets have yet to be fully evaluated. The Company plans to further define these targets utilizing a soil sampling program that wi...