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Treasury Metals Achieves Permitting Milestone with Filing of the Project Description for Goliath Gold Project, Ontario
Published : December 03, 2012
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Treasury Metals Achieves Permitting Milestone with Filing of the Project Description for Goliath Gold Project, Ontario


TORONTO, Dec. 3, 2012 /CNW/ - Treasury Metals Inc. is pleased to announce that a Project Description (PD) for the Goliath Gold Project has been submitted to and subsequently accepted by the Canadian Environmental Assessment Agency (CEAA). The Company's PD initiates the official permitting and approvals process for mine development. The document is available online on the CEAA website, and is open for public comment at, or on the company's website: This milestone marks a significant advancement in the development of Treasury's Goliath Gold Project and officially begins the legislated period for the completion of the Environmental Assessment (EA) by CEAA, which includes 45 days to determine whether an EA is required, and a period of 365 days to complete the EA. CEAA will use the PD to develop Guidelines that Treasury Metals will follow to create an Environmental Impact Statement (EIS), which is required under the government's permitting process.

Pursuant to the Canadian Environmental Assessment Act, 2012, the PD outlines the proposed Project development plan and will provide the appropriate agencies and authorities a greater understanding of the project. The scope of the Project includes initially an open pit followed by a combination of both open pit and underground mining methods over 10 - 12 years of mine life. Processing will be done using a 2,500 tonne/day C.I.L. plant. Any associated infrastructure needed to successfully develop and operate the project is described within the document. The PD also outlines the results of more than two years of Treasury Metals environmental baseline studies, anticipated socioeconomic and environmental impacts, as well as consultations and communications to date with local, provincial and federal government agencies, First Nations, the Métis Nation of Ontario and the general public.

Treasury's President and Chief Executive Officer Martin Walter commented: "I'm pleased that the Company has now submitted this milestone document. This represents an important stage as we continue to move the Project ahead.  The in-house technical team has been hard at work to complete the document and has already started to compile our extensive ongoing environmental baseline for inclusion into the EIS."

Several members of the Company's management team completed the PD including Norm Bush, Vice President of Goliath, Mackenzie Potter, Environmental Technician and Senior Mining Engineer, Mark Wheeler.  Further, technical information in this press release has been reviewed and approved by Mark Wheeler, P. Eng., Senior Mining Engineer, who is a Qualified Person for the Goliath Gold Project under the definitions established by National Instrument 43-101.

The Company is continuing its ongoing exploration program at the Company's flagship Goliath Gold Project which is designed to increase the resource size and upgrade inferred resources into the indicated category for the completion of a Feasibility Study in 2013.

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:

To view further details about the Goliath Gold Project, please visit the Company's website at

Greg Ferron
Vice President, Corporate Development
T: 1.416.214.4654

Martin Walter
President & CEO
T: 1.416.214.4654

Companies Mentionned : Government | Metals X | Treasury Metals |
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Treasury Metals Inc.

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Treasury Metals is an exploration zinc and lead company based in Canada.

Its main exploration properties are GOLIATH and LARA in Canada.

Treasury Metals is listed in Canada. Its market capitalisation is CA$ 39.3 millions as of today (US$ 30.1 millions, € 27.1 millions).

Its stock quote reached its lowest recent point on February 20, 2009 at CA$ 0.11, and its highest recent level on April 15, 2011 at CA$ 1.80.

Treasury Metals has 81 850 000 shares outstanding.

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Financings of Treasury Metals Inc.
5/18/2016Closing $4.0 Million Offering
5/5/2016Announces Exercise of Over-Allotment Option and Private Plac...
4/27/2016Announces Private Placement Financing
12/16/2014Closes Equity Financing
12/18/2013increases private placement financing
12/4/2013announces flow-through financing
4/26/2013Completes Non-brokered Financing
9/14/2012announces increase in previously announced financing to $5.0
12/6/2011Announces Closing of Private Placement
11/16/2011Announces Flow-Through Financing
11/16/2011Announces Private Placement of Flow-Through Shares
Project news of Treasury Metals Inc.
1/22/2014(Goliath)Commences Drilling Program at Goliath Gold Project
5/14/2013(Goliath)Provides Operational Update for its Goliath Gold Project
4/3/2013Reports Additional Near Surface Results - Includes 17 m @ 1....
2/28/2013(Goliath)Continues to Define Near Surface Mineralization in Developin...
1/29/2013(Goliath)Drills 27 metres of 1.9 g/t Gold in Developing C Zone at Gol...
1/10/2013(Goliath)Recommences Drilling at Goliath Gold Project, Ontario
12/3/2012(Goliath)Achieves Permitting Milestone with Filing of the Project Des...
10/29/2012(Goliath)Commences Exploration Program at Goliath Gold Project
10/18/2012(Goliath)Completes Strategic Land Consolidation at Goliath Gold Depos...
10/15/2012Commences Drilling Program at Goldcliff Project, Ontario
9/17/2012(Goliath)Completes Advanced Staged Metallurgical Results - Goliath Go...
1/25/2012(Goliath)Commences 2012 Exploration Program at Goliath Gold Project
1/18/2012Presents at Mineral Exploration Roundup
12/14/2011(Goliath)Announces New Management Positions to Further Advance Goliat...
10/4/2011Reports High-Grade Gold Results at Depth on
5/19/2011to Acquire Pico Machay Gold Project
4/27/2011(Goliath)Adds a Third Drilling Rig-Expands Program to 30,000 Metres a...
4/11/2011(Goliath)Continues to Consolidate Land Position at Goliath Gold Depos...
4/1/2011(Goliath)Defines High-Grade Gold Zone at Goliath-Intersects 23.22 g/t...
2/23/2011(Goliath)Intersects High-Grade Gold Mineralization
1/31/2011(Goliath)Adds a Second Drill Rig to Its Goliath Gold Project
11/9/2010(Goliath)Commissions Environmental Baseline Study on Goliath Gold Pro...
Corporate news of Treasury Metals Inc.
1/23/2016Treasury Metals Files Supplement To Information Circular
1/13/2016Treasury Metals Closes Up-Sized Equity Financing
12/29/2015Treasury Metals Completes Non-brokered Financing
10/13/2015Treasury Metals Announces Filing of NI 43-101 Resource Estim...
9/30/2015Treasury Metals Closes Final Tranche of Non-brokered Financi...
9/24/2015Treasury Metals Completes Non-brokered Financing
8/28/2015Treasury Metals Announces Updated Resource Estimate at Golia...
8/26/2015Treasury Metals, Inc. Earnings Q2, 2015
5/28/2015Treasury Metals Announces Results of Voting At Annual and Sp...
5/27/2015Treasury Metals Identifies Significant New Gold Intersection...
4/27/2015Treasury Metals Goliath Gold Project Moves to Public Comment...
4/15/2015Treasury Metals Intersects High Grade Gold and Silver Minera...
3/25/2015Treasury Metals Reports High-Grade Gold Results in New Zone ...
2/12/2015Treasury Metals Fast-Tracks Drilling with Additional Rig at ...
1/8/2015Treasury Metals Infill Drilling Program in Western Zone Conf...
12/16/2014Treasury Metals Closes Equity Financing
11/24/2014Treasury Metals Closes RMB Resources' Second Tranche Financi...
11/20/2014Treasury Metals Commences 2nd Phase of 2014 Drill Program
10/21/2014Treasury Metals Files Goliath Gold Project Environmental Imp...
8/5/2014Drilling Program Outlines Shallow High Grade Ounces Outside ...
8/5/2014Drilling Program Outlines Shallow High Grade Ounces Outside ...
8/5/2014Drilling Program Outlines Shallow High Grade Ounces Outside ...
8/5/2014Treasury Metals Drilling Program Outlines Shallow High Grade...
6/11/2014Treasury Metals Drilling Program Confirms New C Zone Continu...
5/22/2014Treasury Metals Announces Results of Voting at Annual Meetin...
5/5/2014Treasury Metals Delivers Solid Drill Results Across Goliath ...
4/8/2014(Goliath)Reports High-Grade Results on the Goliath Gold Project
4/8/2014Treasury Metals Reports High-Grade Results on the Goliath Go...
1/27/2014Engages Consultants to complete Environmental Impact Stateme...
12/20/2013Closes Equity Financing and Enters Into Facility Agreement W...
11/15/2013Announces Financing with RMB Resources Inc.
10/23/2013Provides Operational Update and Announces New Management Pos...
5/31/2013Announces Results of Voting At Annual Meeting of Shareholder...
5/28/2013Reminder–Treasury Metals–Annual Meeting of
5/22/2013Reports Near Surface Drilling Results
3/1/2013Participates in AM640 Mining Show on Saturday, March 2
1/21/2013(Goliath)Receives Draft EIS For Goliath
12/11/2012(Goliath)Drills 5.2 Metres at 18.6 g/t Au at Goliath Gold Project
11/26/2012Makes New Gold Discovery at Goldcliff Project, Ontario
3/21/2012Expands Development Team
2/6/2012to Host Investor Presentations in Europe
1/25/2012News Release
11/23/2011To Attend Mines & Money London
11/9/2011News Release
10/26/2011News Release
10/26/2011(Goliath)Reports Further High-Grade Gold Results on the Goliath Gold ...
9/26/2011News Release
9/26/2011-Pico Machay Gold Project Acquisition Update
8/31/2011News Release
8/30/2011News Release
8/26/2011News Release
8/26/2011Reports High-Grade Results at Depth in the Eastern Zone and ...
8/5/2011News Release
8/2/2011News Release
5/19/2011May 18
5/18/2011(Goliath)Reports High-Grade Results from Developing Gold Zone at the ...
5/11/2011May 11
4/11/2011April 11
3/20/2011March 16, 2011
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