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Treasury's Downhole IP Survey Confirms Expansion Potential at Depth, Along Strike and Outlines Future Targets
Treasury's Downhole IP Survey Confirms Expansion Potential at Depth, Along Strike and Outl...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\n\n\nTreasury's Downhole IP Survey Confirms Expansion Potential at Depth, Along Strike and Outlines Future Targets\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Oct. 24, 2019\n\n\n\nTSX: TMLOTCQX: TSRMF\n TORONTO, Oct. 24, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce the results of its downhole induced polarization (\"IP\") survey program on the Company's 100%-owned Goliath Gold Project, located in northwestern Ontario. \nThe Company's IP survey determined that zones that host mineralization are extending to depth and along strike. The Company completed a total of 15 drill holes with maximum vertical depths ranging from 100 to 525 metres below surface along a strike length of 1.2 kilometres.  Additional focused downhole surveys were completed to increase the resolution of these results. \nThe IP survey results have been integrated into the current geological database and used to aid the targeting in the upcoming drill program. Upon completion of the Company's active Soil Gas Hydrocarbon sampling program that extends approximately 10 km along strike to the easternmost edge of the property boundary, the Company's winter exploration drilling program will be commenced. \nGoliath's Downhole IP Survey\nThe IP survey confirmed the Project's gold bearing zones correlate with high Resistivity and Chargeability responses.  This is believed to be associated with strong silicification and an increase in disseminated sulphides, both of which are found in the Goliath gold zones.  The inversion model suggests that these zones are located on a major structure and has outlined signatures of the high-grade gold shoots (see Figure 1) including the confirmation of the down-dip extension potential below the current resource to approximately a depth of 800 metres below surface.  The survey also identified the continuation of the Resistivity and Chargeability responses on the east and west sides of the resource area, indicating that the zones which host the gold extend along strike of the deposit in both direction...