Treasury Metals: Advancing the Goliath Gold Deposit

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Treasury Metals Inc.
Treasury Metals Inc. is a TSX-listed gold exploration and development company, focused on northwestern Ontario mineral projects.

Treasury Metals Inc.’s flagship Goliath Gold Project, located in the Kenora Mining District in northwestern Ontario, is a newly discovered gold resource that demonstrates strong economics, with an NI 43-101 compliant resource of 1.7 million ounces of gold in the Inferred and Indicated categories combined. Surface plus underground Indicated Resources total 9.14 million tonnes with an average grade of 2.6 g/tonne Au and 10.4 g/tonne Ag for 760,000 ounces gold and 3,070,000 ounces silver for a total of 810,000 gold equivalent ounces. Surface plus underground Inferred Resources total 15.9 million tonnes with an average grade of 1.7 g/tonne Au and 3.9 g/tonne Ag for 870,000 ounces gold and 1,990,000 ounces silver for a total of 900,000 gold equivalent ounces. The Main Zone and C Zone contained the majority of resources from both categories and are the primary targets for underground mining.

The advanced stage, high-grade gold deposit is based two kilometres from the Trans-Canada highway and 20 kilometres east of the city of Dryden, within the Eagle-Wabigoon-Manitou greenstone belt. The Company envisions a combination of surface and underground mining methods at Goliath.

TThe Company’s Goldcliff property, located south of the City of Dryden, is reporting new high-grade intersections in its first-ever drilling program (see News section).

Treasury Metals Filing of Project Description for Goliath Gold Project.

Short-term focus at Goliath Gold Project:

		Active exploration program in Main and C Zones
		Advance key development milestones at Goliath
		Largest two-year, $20-million investment in an exploration program completed at Goliath in 2011-2012 since Teck’s work in the 1990s

Corporate Strategy

		Focus on exploration to realize potential for multimillion-ounce resource at Goliath Gold Project
		To become a near-term gold producer in safe jurisdictions