Treasury Metals intersects high-grade gold at depth on Goliath project

Treasury Metals (TSE:TML) announced Friday it has intersected high-grade gold from some of the deepest holes to date on its Goliath gold project in northwestern Ontario.
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.
Assays from this zone, which are from the eastern boundary of the current resource, returned 6.4 metres grading 8.1 grams per tonne (g/t) gold, including 4.4 metres at 11.6 g/t gold, in hole TL11-199.
Other notable results on this main zone included 10.5 metres grading 2.9 g/t gold, including 8.2 g/t gold over 2.6 metres, in hole TL11-193.
"These higher grade results, from some of the deepest holes drilled to date, continue to demonstrate the significance and tenor of the East Zone high-grade shoot that Treasury Metals has been defining this year," said president and CEO, Martin Walter.
"I have also been encouraged by the continuing presence of visible gold recorded from within this zone which now shows very persistent vertical continuity to a depth of 500 metres – an elevation where many of the mines in northwestern Ontario just begin to demonstrate high-grade characteristics."
While far less drilling has been completed on the West zone, it has become increasingly promising, Treasury said, and will likely become a significant focus in the future as it has the potential to add additional ounces to the overall resource.
Hole TL11-200 on the West zone returned 13.4 metres at 3.1 g/t gold, including 3.7 metres at 6.2 g/t gold; and hole TL11-196 found 5.8 metres grading 2.0 g/t gold.
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.