TSX: TML
TORONTO, March 18, 2013 /CNW/ - Treasury Metals Inc. is reporting additional drilling results from the Main and C Zones of the Company's flagship Goliath Gold Project located in northwestern Ontario. The C Zone mineralisation is located approximately 30 to 50 metres behind the Project's Main Zone of mineralization. Holes TL13-300 and TL13-311 were drilled in the eastern sector of the proposed open pit whereas the 4 remaining holes were drilled in the western sector at relatively shallow depths except for TL13-314 which intersected the C Zone at approximately 225m below the surface.
The results reported today include near surface intersections of 13 metres at 3.13 g/t Au from 79.5 meters depth (C Zone) in drill hole TL13-300 and 1 metre at 430 g/t Au from 16.7 metres depth in drill hole TL13-320. The latter intersection, which highlights the higher grade zones of the deposit, was a Main Zone intercept with multiple flecks of visible gold that occurred in thin pyrite-rich laminae with sphalerite and galena in the host muscovite-sericite schist.
| Table of Drill Results: |
|
|
|
|
|
|
|
|
|
|
| Drill Hole |
|
From (m) |
|
To (m) |
|
Zone |
|
*Interval (m) |
|
Au (g/t) |
| TL13-300 |
|
79.5 |
|
92.5 |
|
C Zone |
|
13.0 |
|
3.1 |
| TL13-311 |
|
52.2 |
|
53.2 |
|
Main Zone |
|
1.0 |
|
14.6 |
| TL13-312 |
|
191.6 |
|
207.6 |
|
C Zone |
|
16.0 |
|
0.78 |
| TL13-313 |
|
192.9 |
|
200.4 |
|
C Zone |
|
7.5 |
|
1.58 |
| TL13-314 |
|
133.0 |
|
149.4 |
|
Main Zone |
|
16.4 |
|
1.13 |
| TL13-320 |
|
16.7 |
|
17.7 |
|
Main Zone |
|
1.0 |
|
430 |
| *Intervals do not necessarily indicate true widths. See attached map for drillhole locations. All depths and assays rounded to one decimal place. Typical sample interval approximately 1m; weighted averages use 0.3g/t Au cut-off except for 'included' higher grade sections. |
Technical information in this press release has been reviewed and approved by Mr. John J. Chulick, a consulting geologist registered in the State of California who is a Qualified Persons for the Goliath Gold Project under the definitions established by National Instrument 43-101.
To view further details about the Goliath Project, an updated C Zone and Main Zone long section, please visit the Company's website at www.treasurymetals.com.
Quality Assurance and Quality Control
The Company has a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The drill core is sawn in half with one-half of the core sample shipped to Accurassay Laboratories in Thunder Bay, Ontario. The other half of the core is retained for future assay verification, and/or metallurgical testing. Other QA/QC procedures include the insertion of blind blanks and standards for every tenth sample in the sample stream. Selected quarter core duplicates were assayed for 5% of the samples. The laboratory re-assays 10% of all samples (pulps and rejects) and additional checks are routinely run on anomalous values including gravimetric analysis and pulp metallics. Gold analysis is conducted by lead collection, fire assay with atomic absorption and/or gravimetric finish on a 30 gram sample. Check assays by a secondary lab are completed as necessary.
Forward-looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
SOURCE: Treasury Metals Inc.
For further information:
Greg Ferron
Vice President, Corporate Development
T: 1.416.214.4654
greg@treasurymetals.com
Martin Walter
President and CEO
T: 1.416.214.4654
martin@treasurymetals.com
