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Additional Information
Market: TSX
Sector: General Mining
EPIC: TML
Latest Price: 0.69  (-4.17% Descending)
52-week High: 1.54
52-week Low: 0.68
Market Cap: 36.59M
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Treasury Metals
www.treasurymetals.com

Treasury Metals Inc. (Treasury) is a Canada-based Company. The Company is engaged in the acquisition, exploration and development of mineral resource properties in the Americas. The Company’s activities are focused on two exploration projects in Canada -  the Goliath Gold Project and Goldcliff Project near Dryden, Ontario.

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Treasury Metals sets on European marketing tour in February

6th Feb 2012, 2:33 pm by Brad Lemaire
Treasury Metals sets on European marketing tour in February

Gold explorer Treasury Metals (TSE:TML) said Monday it will initiate a six city European marketing tour to discuss its 2012 exploration and development plans to shareholders for its Goliath gold project in the Kenora mining district of northwestern Ontario.

The tour, which is slated to begin on February 14, will also highlight the company’s growth strategies, Treasury said in a statement.

President and chief executive, Martin Walter, and vice-president of development, Greg Ferron, will be making the presentations and undergoing one-on-one meetings for existing and potential shareholders.

Treasury plans to make presentations in Lausanne, the French speaking part of Switzerland, on Tuesday February 14; Geneva on February 15, followed by Zurich on the 16; Frankfurt, Germany on Monday February 20; Paris, France on Tuesday 21, and London, England on Thursday February 23.

Last month, the gold miner announced it started a 20,000 metre core drilling program at Goliath as the company seeks to test high-priority targets found outside the current resource area.

The property, which rests 20 kilometres east of Dryden, covers the Thunder Lake gold deposit and is host to a number of highly prospective targets that show potential for gold mineralization, including a six kilometre prospective strike along trend from the Thunder Lake gold deposit.

Treasury Metals hired Distinctive Drilling Services for the 2012 exploration program. It has already completed a 2011 50,000 metre in-fill and expansion drilling campaign at the Goliath project.

This new exploration program was designed using historical data from Teck Exploration, and additional geological information found by Treasury’s airborne survey.

Initially, the program will focus on the west end of the property to test several geophysical anomalies and also test down-dip projections from shallow gold mineralization found during prior drill campaigns, the company said.

Last November, the company announced an updated NI 43-101 compliant resource estimate for its Goliath gold project consisting of around 1.7 million combined indicated and inferred ounces.

The resource estimate, completed by ACA Howe International, showed an indicated mineral resource of 810,000 ounces of gold equivalent, an increase of more than 200 percent from the July 2010 resource estimate.

In addition, the property is now estimated to host an inferred mineral resource of 900,000 ounces of gold equivalent. Both categories include both potential surface mineable, plus underground resources.

Treasury Metals is a mineral exploration and development company, focused on expanding its gold resources, developing its Canadian mineral properties and potentially acquiring advanced stage gold projects in the Americas.

Shares moved 1.82 percent higher climbing to $1.12 a piece today in Toronto.

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