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Treasury Metals announces start of 10,000m drill program at Goldlund Project

Nov 24, 2020

Treasury Metals Inc. has commenced an initial  10,000m winter drilling program as the first phase of its overall program at its 100% owned Goldlund Gold Project east of Dryden.

The program will target in-fill and expansion drilling with the objective of converting Inferred to Indicated resources as well as defining additional resources by filling in un-drilled areas between historical step-out drill holes.

The exploration program has been designed to ensure the safety of the workforce and surrounding communities during the COVID-19 pandemic and will incorporate enhanced operating protocols that are consistent with local health guidance.

Goldlund Drill Program

The Goldlund winter drilling program will consist of approximately 10,000 metres of infill and expansion drilling in support of resource delineation at Goldlund. A total of 8,000 metres of infill drilling will initially be targeted at the lesser-drilled areas of Zones 2, 3, 4 and 8 that are encompassed within anticipated open pits at Goldlund, with the objective of increasing confidence in current Inferred resources to support conversion to Indicated status. This initial drilling is targeted for completion by March 2021. This drilling is anticipated to contribute to future advanced studies that follow upon completion of the Preliminary Economic Assessment ("PEA") at Goliath and Goldlund targeted for early Q1 2021 (see press release dated Oct. 27, 2020).

Tags: Northern Ontario / Exploration / Gold / All Articles