Treasury Metals (TSE:TML) released Tuesday the results of another drill hole at its Goliath project in northwestern Ontario, which intersected high-grade gold on the Western zone.
The company is currently drilling on two zones at the property - the Eastern Main Zone and the West Zone - which are located one kilometre along strike from one another.
The Eastern zone has been the focus of the company's 50,000-metre drill program, which was initially supposed to total 20,000 metres, the results of which will be incorporated into a revised resource estimate slated for release in the fourth quarter.
Drill hole TL11-204A, which returned 6.0 metres grading 22.3 grams per tonne (g/t) gold, was drilled on the Western zone.
Late last week, the company released several high-grade results from the Eastern zone, such as 6.4 metres grading 8.1 g/t gold, including 4.4 metres at 11.6 g/t gold, in hole TL11-199.
Both zones remain open at depth. Drilling continues at the property with two rigs, with a backlog of assays still to be processed. Results for the next 25 holes are pending, including a number of holes in the West zone.
Based in Toronto, Treasury's stock on the Toronto Stock Exchange rose 0.88% as of 11:07 am EDT, to trade at $1.15 per share.
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