Business
Treasury Metals Reports Near Surface Drilling Results
Includes 7.5 metres of 3.82 g/t and 25 metres of 1.42 g/t Gold TSX: TML TORON...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\n\nIncludes 7.5 metres of 3.82 g/t and 25 metres of 1.42 g/t Gold \n\n\nTSX: TML\n\n\nTORONTO, May 22, 2013 /CNW/ - Treasury Metals Inc. (TSX:TML) is pleased\n to report additional drilling results from the Company's flagship\n Goliath Gold Project located in Northwestern Ontario. The results\n comprise holes from the company's ongoing infill program that is\n focused on converting the C Zone and near surface inferred resources\n into the indicated category and three additional holes from the\n recently completed hydrogeological drilling program, (TL13-315†, TL13-317, and TL13-321) that passed through mineralized zones.\n\n\nThe Main Zone results reported today include:\n\n\nnear surface intersections of 7.5 metres at 3.82 g/t Au from 36 metres depth in drill hole TL13-332;\n\n\n25 metres at 1.42 g/t Au from 152 metres depth including 6 metres at 4.18 g/t Au in drill hole TL13-317;\n\n\nand 21 metres of 0.87 g.t Au from 24 metres to 45 metres which includes 3.0 metres at 3.64 g/t Au in drill hole TL13-331.\n\nHoles TL13-332 and TL13-331 are significant due to their near surface\n location within a sparsely drilled area between the eastern and centre\n pits representing a potential reduction of the overall waste to ore\n stripping ratios on the Main Zone. TL13-317 is located on the eastern\n edge of the proposed open pit and outside the current Indicated\n resource area. TL13-317 also continued into a sparsely drilled area of\n the C Zone located approximately 30 metres behind the Main mineralized\n Zone.\n\n\nThe C Zone results reported include intersections of:\n\n\n13.0 metres at 0.94 g/t Au from 70.5 metres in Hole TL13-334;\n\n\n8.5 metres at 1.52 g/t Au from 260 metres depth and 10.0 metres at 1.20 g/t Au from 288 metres in Hole TL13-315†.\n\nThe C Zone program has focused primarily on defining near surface\n resources since it commenced in late 2012. A sparsely drilled area has\n been delineated measuring approximately 1.2 km in strike length. Holes\n reported today include TL13-315 and TL13-334 that continue to define\n the second shoot being delineated in the developing C Zone (see release\n dated January 29, 2013). The C Zone has the potential to represent an\n increase in the current open pit minable resource and a reduction of\n the overall waste to ore stripping ratios.\n\n\nWith recent completion of...