TORONTO, Feb. 29, 2024 /CNW/ – Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) (“Treasury” or the “Company”) is delighted to announce significant findings from its Far East drill program at the Goliath Gold Complex, marking a promising expansion in gold and silver mineralization. This exploration effort has successfully extended the known mineralized trend to around 1 kilometer, with intersections showcasing notable grades in gold and silver across multiple drill holes.
Extending Mineralization and Enhancing Geological Understanding
Recent drilling results have furthered the understanding of the geological landscape within the Goliath style target area. Key intersections include drill hole TL23-663, which revealed 42.9 metres grading 0.54 g/t Au and 14.66 g/t Ag, and TL23-664, showing 39.3 metres grading 0.64 g/t Au and 5.72 g/t Ag. These results confirm the continuity of mineralization and suggest potential for further exploration.
Strategic Exploration and Future Prospects
Jeremy Wyeth, President and CEO of Treasury Metals, highlighted the strategic significance of these findings, noting their potential to extend and expand the mine life of the Goliath Gold Complex. The presence of significant silver, alongside gold, opens new avenues for resource updates and enhances the project’s value. The exploration team is set to focus on extending the mineralized corridor and delving into deeper targets, with an optimistic outlook for discovering new mineralized zones within the vast 330 sq km property.
Geological Insights and Next Steps
The mineralization at Far East is primarily associated with felsic to intermediate volcanic rocks and disseminated pyrite, similar to the Goliath deposit. High-grade intercepts and the identification of new mineralized horizons underline the target’s exploration potential. Future exploration efforts will aim at expanding the mineralized trend, with particular interest in investigating deeper targets and the potential for new discoveries.
As Treasury Metals Inc. continues to unravel the geological wealth of the Goliath Gold Complex, these latest drilling results not only underscore the project’s robust potential but also pave the way for further exploration and development. With a keen eye on sustainable and responsible mining, Treasury is committed to exploring the full scope of this resource-rich area, promising a bright future for the company and its stakeholders.