Treasury Metals Signs Memorandum of Understanding with Eagle Lake First Nation
Treasury Metals Signs Memorandum of
Understanding with Eagle Lake First Nation
TSX: TML
OTCQX: TSRMF
TORONTO
,
Jan. 16, 2019
/CNW/ -
Treasury Metals Inc.
(TSX: TML) ("Treasury Metals" or the
"Company") is pleased to announce that it has entered into a Memorandum of Understanding
("MOU") with Eagle Lake First Nation in relation to the Company's Goliath Gold Project in
Northwestern Ontario
(the "Project").
The MOU is a framework agreement between Eagle Lake First Nation and Treasury Metals to
facilitate effective communication, engagement, and negotiation between the Parties with respect to
the Project. The MOU will serve as an avenue to facilitate Eagle Lake First Nation's meaningful
continued participation in the federal environmental assessment and regulatory approval process for
the Project. Further, the MOU provides a structure for additional opportunities and pathways to
participate in the Project through employment, training and business development, financial
participation and environmental and cultural protection.
Greg Ferron
, CEO of Treasury, states, "A key goal of the Goliath Gold Project is to reflect the
knowledge and input of all stakeholders and Indigenous communities in the development of the
Goliath Gold Project and Eagle Lake First Nation's regional experiences, and local traditional
knowledge will help with the development of a socially and environmentally responsible Project."
On behalf of Eagle Lake First Nation, Chief
Arnold Gardner
commented, "Signing an MOU with
Treasury Metals is a positive step moving forward toward building trust with the community of Eagle
Lake First Nation which is an important step in the process."
To view further details about the Goliath Gold Project, please visit the Company's website at
www.treasurymetals.com
.
Follow us on Twitter @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
OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold
Project in northwestern
Ontario
is slated to become one of
Canada's
next producing gold mines.
With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury
Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing
plant with subsequent underground operations in the latter years of the mine life.
About Eagle Lake First Nation:
The Eagle Lake First Nation is situated on the northeast shores of
Eagle Lake
and is located in the
heart of the Canadian Shield in the boreal forests and lakes of
Northwestern Ontario
. The community
is approximately 25 km southwest of
Dryden
and is accessible via Highways 502 and 594, and is a
two hour drive from the U.S. border.
Eagle Lake's
total on-reserve population as of December 2018
is 238.
The people of
Eagle Lake
are governed by a Chief and three Council members, elected every two
years under the Indian Act.
Eagle Lake
is part of the Grand Council Treaty #3 which was signed on
October 3
, 1873. Grand Council Treaty #3 covers 55,000 square miles.
Eagle Lake First Nation is located within the Grand Council Treaty #3 territory with a land base of
55,000 square miles in
Northwestern Ontario
. Eagle Lake First Nation of
Eagle Lake
is also referred
to as Migisi Sahgaigan (Ojibway translation of
Eagle Lake
).
For further information about the community of Eagle Lake First Nation please visit:
http://www.eaglelakefirstnation.ca/
.
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.
SOURCE
Treasury Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/January2019/16/c7365.html
%SEDAR: 00027114E
For further information:
Greg Ferron, Interim CEO, T: 1.416.214.4654,
[email protected]; Mark Wheeler, Director, Projects, T: 1.416.214.4654,
CO: Treasury Metals Inc.
CNW 09:55e 16-JAN-19