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Treasury Metals Sets Key Project Milestones for Goliath and Provides Corporate Update
Treasury Metals Sets Key Project Milestones for Goliath and Provides Corporate Update ...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\n\n\nTreasury Metals Sets Key Project Milestones for Goliath and Provides Corporate Update\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.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 1, 2017\n\n\n\nTSX: TML\n\n\n\nTORONTO, March 1, 2017 /CNW/ - Treasury Metals Inc. (TSX: TML) (\"Treasury\" or the \"Company\") is pleased to announce a corporate update and project development strategy to further advance the Company's Goliath Gold Project located in Northwestern Ontario. The Company aims to be in a position to make a construction decision during the third quarter of 2018 pending the successful recommendation of a Feasibility Study to be completed at the Goliath Gold Project. \n\n\n \n \n\n \nThe Company's key objectives for Goliath and proposed timelines are provided, as follows: \n\nHighlights:\n\n\nUpdated PEA: An updated National Instrument 43-101 Preliminary Economic Assessment (\"PEA\") by CSA Global Canada Geosciences Ltd. will be released in early March 2017 integrating recent engineering and resource modelling work and providing an up-to-date economic analysis of the Goliath Gold Project. The updated PEA will incorporate the 2015 NI 43-101 Mineral Resource Estimate to highlight the strength of the project along with current operating and capital cost information;\nPhase I 2017 Exploration Program: The Company recently commenced an initial Phase I 5,000 m condemnation and step-out exploration drilling program focusing on a number of \"high-priority\" near surface targets along strike to the northeast of the main resource area (see Figure A);\nPhase II 2017 Exploration Program: A Phase II 30,000 metre underground infill drilling program is planned to commence by mid-May, 2017. An updated NI 43-101 Resource Estimate incorporating our 2016 exploration, 2017 Phase I and Phase II drilling programs will be completed at the conclusion of this drill program;\nFeasibility Study: The Company anticipates commencing a Feasibility Study on the Goliath Gold Project starting in August 2017 targeting a completion date of Ju...