Treasury Metals drills 13.1 g/t gold over 4.2 metres at Goliath project

Treasury Metals (TSE:TML) announced Wednesday further high grade drill results from its Goliath gold project in Dryden, Ontario, representing the final assays from the 2011 campaign.
The company began a 20,000 metre drilling program in December 2010, that was later expanded to 50,000 metres. The company was focused on three zones at the property - Central, West, and East, though a fourth zone, C Zone, has also produced encouraging results.
Treasury said that 118 holes from the most recent campaign, along with the results from further 10,000 metres drilled in early 2010, will be included in a new resource estimate expected to be released in November.
Highlights of the results announced today included hole TL11-220, which returned 4.0 metres at 8.8 grams per tonne (g/t) of gold in the Western Main Zone, and 3.5 metres at 14.9 g/t gold from the C-Zone.
In addition, the best result was hole TL11-223, which intercepted 4.2 metres at 13.1 g/t gold in the Central Main Zone.
“The 2011 Campaign that we just completed demonstrates that the high-grade gold that we have consistently drilled throughout the year continues at depth and is open in all directions,” said president and CEO, Martin Walter.
“Based on these results, which occur within a broadly mineralized resource envelope 1.2 kilometres in length and at least 600 vertical metres deep, a much larger drilling program is warranted in 2012.”
Indeed, the company said it will continue to explore the developing C Zone, which is parallel to the Main Zone, as part of its current exploration program.