TSX:TML
TORONTO, Oct. 15, 2012 /CNW/ -Treasury Metals Inc. ("Treasury Metals" or
the "Company") (TSX:TML) has commenced a diamond core drilling program
at its 100% owned Goldcliff Project, located approximately 40
kilometres south-southeast of the City of Dryden, Northwestern Ontario
in the Kenora Mining District.
The Goldcliff Project lies along a distinct NE-SW shear zone that also
hosts the historic producers of the Gold Rock mining camp and is
contiguous to Manitou Gold's Kenwest property. The 40 km2 property is accessible by paved roads and has access to excellent
infrastructure.
The Company completed magnetic and heliborne electromagnetic surveys
over both its flagship Goliath Gold and Goldcliff Projects in July
2011. Other exploration programs at Goldcliff in 2011 and 2012
consisted of trenching, sampling and mapping. This new exploration
program at Goldcliff has been designed to test a number of drill
targets and will consist of approximately 1,000 metres of diamond core
drilling.
Further, details on the next phase of the Company's flagship Goliath
Gold Project exploration program will be provided shortly.
Technical information in this press release has been reviewed and
approved by Mr. John J. Chulick, a consulting geologist registered in
the State of California, who is the Qualified Person for the Goliath
Gold Project under the definitions established by National Instrument
43-101.
To view further details about the Goldcliff Project, please visit the
Company's website at www.treasurymetals.com.
Forward-looking Statements
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
laws.
SOURCE: Treasury Metals Inc.
