Treasury Metals has completed the magnetic and heliborne electromagnetic (EM) surveys for the 1,236 km over the Goldcliff and Goliath gold projects, which are located in northwestern Ontario.
The company will receive further geological data from the surveys and when interpreted, those data will be to create potential exploration targets at the tow properties.
The CEO and President of Treasury Metals, has stated that the company has been committed to perform an additional exploration on both the properties. It is advancing in outlining the deposit at the Goliath project and has considered that there are several unexplored targets over 49 sq km. Moreover, this is the first airborne geophysics survey conducted to interpret the Goldcliff project, which is situated 40 km southeast of the Goliath project and the company is excited to create new exploration targets on the properties.
At present, Treasury Metals is drilling the targets that are situated 1 km along the strike at the Goliath project. The main focus of the company is at the eastern part of the high-grade zone, with one drill rig presently working in the Main Zone. The second drill rig is examining the Western zone and additional high-grade shoots, wherein the current drilling encountered potential mineralization. The company will mobilize this drill rig to the step-out exploration targets, which is 1 km east and along the strike from the mineral reserve.
The location of this Goldcliff project is along a separate NE-SW shear zone, which has Goldrock Camp’s historic producers. The geologists of the company performed field mapping and prospecting at the property during 2010 and have identified many gold showings that contains up to 106.4 g/t gold as grab sample assays.
Source: http://www.treasurymetals.com/