Treasury Metals Drilling Program Confirms New C Zone Continues at Depth

Figure 1: Goliath Gold Deposit’s C Zone remains open at depth and to the west, demonstrated by latest drilling results. (CNW Group/Treasury Metals Inc.)

TSX:TML

TORONTO, June 11, 2014 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce new results from the ongoing drilling program at its 100% owned Goliath Gold Project located near the town of Dryden in northwestern Ontario.

Treasury's current exploration program is focused on expanding the gold resource within the developing C Zone horizon as well as infill delineation drilling of the Main Zone to tighten grades of proposed underground stopes and extend limits of known mineralization.

Highlights of the latest drilling results included re-entry Hole TL161-14RE, which intersected 4.0 m at 5.50 g/t, in the C Zone which remains open at depth and to the west. Also, in the same shoot, hole TL14-356, drilling down dip, delivered an intercept of 13.5 m at 2.3 g/t that currently rests outside the proposed C Zone western pit shell. Over the past two drilling programs, which included the discovery hole TL164-12RE (5.2 m at 18.6 g/t; See Press Release Dec. 11, 2012), the Company has reported a number of encouraging intercepts within this developing high-grade area of the C Zone (see Figure 1):

Other highlights from the latest drilling include several high-grade intersections in Hole TL166-14RE including 2.0 m at 11.27 g/t on the eastern edge of the C Zone shoot. Drilling continues at the Goliath Gold Project and further assays will be provided as they become available.  

Hole ID

Area

Section

From

To

Intercept
(m)

Au
(g/t)

TL14-354

Main Zone

L9+25W

296.3

303.5

5.80

1.89


Including


297.7

301.1

3.40

2.79

TL14-354

Main Zone

L9+25W

317.55

321.5

3.95

1.41

TL14-354

Main Zone

L9+25W

325.9

327.9

2.00

1.06

TL14-355

Main Zone

L8+25W

282

284

2.00

10.31

TL14-355

Main Zone

L8+25W

349.35

359

9.65

2.51

TL14-356

C Zone drilled down dip

L11+25W

111.5

125

13.50

2.30

TL14-356

C Zone drilled down dip

L11+25W

162

164

2.00

1.02

TL14-356

C Zone drilled down dip

L11+25W

250

252.05

2.05

1.42

TL14-356

Main Zone drilled down dip

L10+50W

316

320

4.00

9.31

TL14-359

Main Zone






TL14-359

Main Zone

L7+25W

135.5

143.05

7.55

0.95

TL14-360

C Zone

L11+50W

Awaiting Assays




TL14-361A

Main Zone

L12+00W

276

281

5.00

1.43

TL14-361A

C Zone

L12+00W

393

397

4.00

2.95

TL14-362

C Zone

L12+50W

Awaiting Assays




TL161-14RE

C Zone

L12+25W

485

489

4.00

5.50

TL166-14RE

B Zone

L10+25W

419

421

2.00

11.27

TL166-14RE

C Zone

L10+25W

460.05

462.5

2.45

4.70

 

Holes are generally drilled at 360°Az with inclinations ranging -45 to -66°.
GeoTech TL14-356 was drilled at 145 Az (down dip)All assays are rounded to two decimal places.
*Intervals do not necessarily indicate true widths.

Full Table of Assays and Long Sections for both the Main and C Zones can be found on the Company's website.

Technical information in this press release has been reviewed and approved by Gerry Katchen, P. Geo, who is the qualified person under the definitions established by National Instrument 43-101.

The Company has implemented 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.

To learn more about Treasury Metals, please visit the Company's website at www.treasurymetals.com.

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.

Image with caption: "Figure 1: Goliath Gold Deposit’s C Zone remains open at depth and to the west, demonstrated by latest drilling results. (CNW Group/Treasury Metals Inc.)". Image available at: http://photos.newswire.ca/images/download/20140611_C3828_PHOTO_EN_3603.jpg

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; Follow us on Twitter @TreasuryMetals