Treasury Metals buys more land near Goliath gold project
Junior explorer Treasury Metals (TSE:TML) said Monday it has expanded its footprint at the Goliath gold project in northwestern Ontario, acquiring the surface rights to 40 acres of land that covers a portion of the eastern extension of the deposit.
The company said the newly acquired area is adjacent to where the company previously intersected high grade mineralization of 23.22 g/t gold over 5.11 metres.
Treasury has now begun drilling on the new land, on prospective targets never before drilled by the company.
"Over the past three years Treasury Metals has consolidated 49km2 of land that comprises the Goliath Gold Project," said CEO Martin Walter.
"Looking forward, we will be opportunistic, and stake or acquire additional highly prospective properties in the Kenora Mining District that are accretive to our existing gold property portfolio, as was the case with the Goldcliff Project, which is located approximately 40 kilometres southeast of the Goliath Gold Project."
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