Treasury Metals Files PFS Technical Report for Goliath Gold Complex
Treasury Metals Files PFS Technical Report
for Goliath Gold Complex
TORONTO
,
March 27, 2023
/CNW/ -
Treasury Metals Inc.
(TSX: TML) (OTCQX: TSRMF)
("
Treasury Metals
" or the "
Company
") is pleased to announce that, in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral Projects ("
NI 43–101
"), it has filed on
SEDAR the prefeasibility study technical report for the Goliath Gold Complex. The technical report
(the "
PFS Report
"), entitled "Goliath Gold Complex – NI 43-101 Technical Report and Prefeasibility
Study" and dated
March 27, 2023
, with an effective date of
February 22, 2023
, was prepared by
Ausenco Engineering Canada Inc. and is available under the Company's profile on SEDAR at
www.sedar.com
and on the Company's website at
www.treasurymetals.com
.
During the final validation and completion of the PFS Report, a minor adjustment was made to the
Goliath Gold Complex Total Probable Tonnes disclosed in "Table 2: Goliath Gold Complex Mineral
Reserve Estimate" in the
February 22, 2023
news release
—from 25,574,000 tonnes to 25,754,000
tonnes. Readers are encouraged to read the PFS Report in its entirety, including all assumptions,
qualifications and exclusions that relate to the mineral resource estimate and mineral reserve
estimate contained therein. The PFS Report is intended to be read as a whole, and sections should
not be read or relied upon out of context.
Qualified Person
Floyd Varley
, P. Eng, a "Qualified Person" for the purposes of NI 43-101, has reviewed and
approved the scientific and technical disclosure contained in this news release on behalf of Treasury
Metals.
About Treasury Metals Inc.
Treasury Metals Inc. is a gold-focused company with assets in
Canada
. Our Goliath Gold Complex,
which includes the Goliath, Goldlund and Miller deposits, is located in
Northwestern Ontario
. The
deposits benefit substantially from excellent access to the Trans-Canada Highway, related power
and rail infrastructure and close proximity to several communities, including
Dryden, Ontario
. The
Company also owns several other projects in
Ontario
, including the Weebigee-Sandy Lake Gold
Project JV and grassroots gold exploration property Gold Rock.
The Goliath Gold Complex is located in Treaty #3 (1873), and on land that has been used and
occupied since time immemorial by the Anishinaabe Peoples. Treasury Metals recognizes the unique
connection between Indigenous Peoples and lands and how mining can affect this connection in
various challenging ways. The Company recognizes the collective rights and interests of Indigenous
Peoples in line with the United Nations Declaration on the Rights of Indigenous Peoples. Treasury is
committed to understanding and respecting local communities' cultural heritage, rights and norms.
We seek to develop meaningful partnerships and dialogue with the communities associated with our
Project to contribute to social and economic participation and benefits-sharing.
To view further details about Treasury Metals, please visit the Company's website at
www.treasurymetals.com
.
@TreasuryMetals
SOURCE
Treasury Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/March2023/27/c7147.html
%SEDAR: 00027114E
For further information:
Jeremy Wyeth, President & CEO, T: +1 416 214 4654, Email:
[email protected]; Orin Baranowsky, CFO, T: +1 416 214 4654
CO: Treasury Metals Inc.
CNW 19:29e 27-MAR-23