Goliath Expansion Drilling Intersects High Grade in C Zone East Program
T
reasury Metals Inc. (TSX: TML) (Treasury or the Company) is pleased to announce additional assay results from its expansion drilling in the Eastern C Zone and Infill drilling in the Main Zone at the Goliath Gold Project located in northwestern Ontario.
The results demonstrate further delineation of the developing new C Zone East shoot approximately 200 metres from the easternmost Main Zone shoot. Drilling to date has intersected 7 holes above 10 g/t in an area now spanning 200 metres along strike by 150 metres down dip
Exploration Highlights include
C Zone East hole TL20-520 intersected 1.35 g/t over 14.7 m including 6.0 g/t Au over 2.0 m and approximately 15 m further down the hole 65.2 g/t Au over 3.0 m including 193 g/t over 1.0 m
TL20-522 intersected 2.26 g/t over 15.0 m including 6.48 g/t over 4.0 m in the Main Zone Measured Infill program
TL20-515 intersected 5.4 g/t Au over 4.0 m including 20.9 g/t Au over 1.0 m in the new Main Zone area along strike
TL19-513 intersected 2.0 g/t Au over 4.0 m
TL20-521 intersected 0.92 g/t Au over 26.0 m including 6.2 g/t Au over 1.0 m and 1.9 g/t Au over 4.0 m in the Main Zone Measured Infill program.
Eastern C Zone
TL20-520 intersected 1.35 g/t over 14.7 m including 6.0 g/t Au over 2.0 m and approximately 15 m further down the hole the high-grade intersection of 65.2 g/t Au over 3.0 m including 193 g/t over 1.0 m from two distinct areas of mineralization both located within the C Zone. The high-grade intersection was associated with strong sericite and silica alteration and the presence of pyrite, sphalerite, galena which is analogous with the other high-grade shoots of the deposit. The highest sample was found within part of a fault zone which cut through the footwall contact of the C Zone. This contrasts to other areas of the deposit and will be investigated further.
The drilling program followed up on previously reported holes TL19-503 (January 2020) with 14.8 g/t Au over 7.0 m including 101.0 g/t over 1.0 m and TL18-494 (August 2018) with 25.2 g/t Au over 4.5 m including 111 g/t over 1.0 m
Holes TL20-513, TL20-515, TL20-518, TL20-520 have low-grade mineralization over long intervals between approximately 13.0 m and 16.0 m, respectively.
Eastern Main Zone Along Strike
Drilling continues to hit meaningful gold grades in a newly discovered area of mineralization along strike (see press release January 13, 2020). These intercepts are encountered while targeting the C Zone East and is located approximately 200 metres along strike from the Eastern Main Zone Shoot. The discovery intersection included a series of high-grade lenses (TL19-506 14.6 g/t Au over 1.0 m, 11.8 g/t over 1.0 m, and 8.13 g/t over 1.0m).
Additional Results Include
TL19-515 intersected 5.4 g/t Au over 4.0 m including 20.9 g/t Au over 1.0 m
TL19-513 intersected 2.0 g/t Au over 4.0 m
TL19-511 intersected 1.0 g/t Au over 4.8 m
Next Steps
The Company will be analysing these results along strike in relation to known mineralization within the Main Zone and establish drill targets for later testing.
The Eastern C Zone area has the potential to lead to new resources and increased production profile in the underground because of its close proximity to the Main Zone. The Company is presently reviewing the impact of the mine schedule and will establish additional drill targets.
The Company will report results from the Main Zone expansion drilling designed to extend the main zone shoots as they become available and is approximately 6,000 metres into the 15,000 metre program.
✔️ Goliath Expansion Drilling Intersects High Grade in C Zone East Program
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