TORONTO, May 14, 2013 /CNW/ - Treasury Metals Inc. is pleased to provide
a summary of key operational activities on its flagship Goliath Gold
Project located in northwestern Ontario.
Treasury Metals submitted its Project Description (PD) to the Canadian
Environmental Assessment Agency (CEAA) in late 2012. CEAA subsequently
issued its Environmental Impact Statement (EIS) Guidelines to the
company in February of this year. Treasury Metals continues to work
towards submitting the Goliath Project EIS to CEAA in the fourth
quarter of 2013, a major milestone in the mine permitting process.
Treasury Metals also continues to advance technical engineering programs
to support a Goliath Gold Project Mine Feasibility Study.
Highlights of recent developments include:
Nordmin Engineering of Thunder Bay completed a gap analysis of the Company's environmental
baseline data collection programs on the Goliath Gold Project. This Gap
analysis is vital as it highlights any additional data that may be
needed for the 2013 field season and EIS submission.
AMEC Environmental and TBT Engineering of Thunder Bay completed Phase One of the Project's Hydrogeology study
that outlines natural water courses and surrounding ground water
Phase Two of the Company's Hydrogeology program is currently under way
and consists of the drilling of various water wells for detailed
monitoring of ground water. This data is required in support of the
Geochemical testing with EcoMetrix Inc. of Mississauga of various rock types from the project area is ongoing.
The study to examine among other things, the Acid Generating
characteristics is nearing completion.
The Company continues to advance the Geotechnical Studies towards Mine Feasibility
Level. MDEng of Kingston completed more than 1000 metres of orientated core drilling
that will be used to support Geotechnical studies needed for open pit
wall and underground stope design work.
Nordmin Engineering has been engaged to assist with the optimization of site layout for the
Project's infrastructure including the location of the Tailings Storage
The Company has initiated the process with the Ontario Ministry of
Northern Development and Mines to bring to Mine Lease any Exploration
Claims critical to the Project's development.
Treasury Metals has received proposals from several mining and
environmental consulting firms for both the preparation of the
Environmental Impact Statement and a mine Feasibility Study.
Treasury Metals continues to engage with surrounding communities and
Aboriginal groups through consultation and information meetings.
To view further details about the Goliath Gold Project, please visit the
Company's website at www.treasurymetals.com.
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
SOURCE: Treasury Metals Inc.
For further information:
Vice President, Corporate Development
Vice President Goliath Project