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Treasury Metals released drill hole results aimed at converting Inferred Resources into the Indicated category in/near the Main and C Zones at the 100% owned Goliath Project near Dryden, Ontario.
Highlights from the drilling include:
- 6.54 g/t gold and 7.04 g/t silver over 11.5 m in hole TL16413 from the Main Zone, and
- 10.95 g/t gold and 12.44 g/t silver over 7.0 m in hole TL16410 from the central shoot area
The drill results will augment the model and assist the company in making the appropriate decision on the next steps needed to advance the Goliath Project toward production. The company plans to release a detailed project update with development timeline in February. The initial thoughts envision an open-pit followed by underground mining.
For more details, please refer to Treasury’s press release.