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Treasury Metals Announces Additional Drilling Results, including 65 g/t Au over 3 metres in high-grade C Zone Shoot

ID: 1536629
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(PresseBox) - Treasury Metals Inc. (TSX: TML) (?Treasury? or the ?Company? -

The Company has three objectives in this drilling program, which include: 1) exploration drilling of a downdip potential expansion of the high-grade shoot within the C zone; 2) infill drilling to convert resources and increase confidence in targeted areas within the Main Zone; and 3) exploration drilling along strike and northeast of the proposed open pit. y level design studies and help define targets for future expansion.

A drill hole location plan map and longitudinal sections for the Main and C Zones are provided at the end of this release.

The Company has commenced the 5,000 meters of resource expansion/exploration drilling on Treasury Metals? East Resource Target, in an area not in the current mine plan.

?The Goliath Gold Deposit remains open at depth and has significant potential as demonstrated by the recent high grade gold intersections at greater than 500m depth.mmer as we believe there is significant potential in this area and our objective here is to put together a regional exploration program for 2019.?

Drilling Highlights

C Zone:

TL18-489: 78 g/t over 3.00m including 1.00m (at) 196.00 g/t

The title hole of this release, TL18-489, intersected 65.78 g/t over 3.00m following up on nearby historical holes TL161-14RE which returned 5.47 g/t over 4.00m, TL17-422 with 4.10 g/t 5.00m, and TL16-420 with 2.72 g/t over 6.00m (see attached C Zone image). The Company is encouraged to see mineralization at the bottom of the C zone shoot, which is located behind the Main Zone.

Main Zone Expansion/Infill:

The Company?s recent Main Zone drilling is targeting key locations within the mine plan to convert resources from inferred category to indicated category.

TL18-474: 56 g/t over 7.00m, including both 1.00m (at) 44.10 g/t and 1.00m (at) 5.14 g/t

TL18-471A: 91 g/t over 13.30m, including 6.00m (at) 2.96 g/t

TL18-478: intersected gold mineralization in three sections in close proximity: 26 g/t over 2.00m, including 1.00m (at) 9.93 g/t, 4.77 g/t over 3.40m, including 1.00m (at) 15.10 g/t, and 0.82 g/t over 6.00m.

Other highlights include TL18-471A from the bottom of the eastern shoot which intersected 1.91 g/t over 13.30m and TL18-478, located on the western edge of the central shoot, which intersected several gold intervals across the Main Zone, including 5.26 g/t over 2.00m, 4.77 g/t over 3.40m, and 0.82 g/t over 6.00m.

Table 1: Infill Drill Hole Intercepts

For duplicate samples, an average of the two gold assays are used to calculate the intersection grade; all grades un-cut, no-capping

Holes are generally drilled 350-0

All assays are rounded to two decimal places

Intervals do not indicate true widths

*Metallic Screen Fire Assay Results

P ? Assay results pending

Full Table of Assays will be provided on the company?s website

The company has not used a Gold Equivalent (AuEq) for the contained silver for this release but would expect the recovery of silver to increase the overall contained AuEq by a small amount in future studies.

Qualified Persons

Technical information in this press release has been reviewed and approved by Adam Larsen, P. Geo, who is the qualified person under the definitions established by National Instrument 43-101. All results from the program will be available for viewing in the Complete Assay Table on the Company?s website.

To view further details about the Goliath Gold Project, please visit the Company?s website at


Chris Stewart

President and CEO

T: 1.416.214.4654


Greg Ferron

Vice President, Corporate Development

T: 1.416.214.4654


In Europe:

Swiss Resource Capital AG

Jochen Staiger


Follow us on Twitter (at)TreasuryMetals

About Treasury Metals Inc.

Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange (?TSX?) under the symbol ?TML? and on the OTCQXn the initial development of an open pit gold mine to feed a 2,500 tonne per day processing plant with subsequent underground operations in the latter years of the mine life.

QA/QC Program:

The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The drill core is sawn in half with one-half of the core sample dispatched to Actlabs facility located in Dryden, Ontario. The other half of the core is retained for future assay verification and/or metallurgical testing. Other QA/QC procedures include the insertion of blanks and Canadian Reference Standards for every tenth sample in the sample stream. A quarter core duplicate is assayed every 20th sample. The laboratory has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream.

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.

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Date: 05/30/2018 - 12:04
Language: English
News-ID 1536629
Character count: 2470
Firma: Swiss Resource Capital AG
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Toronto


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