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Treasury Metals Inc V.TML

Treasury Metals Inc. is a gold-focused company with assets in Canada. The Company is focused on its 100%-owned Goliath Gold Complex, which consists of Goliath, Goldlund and Miller deposits, which are located in Northwestern Ontario. The Goliath Gold Complex is comprised of approximately 503 mineral claims, 49 patents, five leases and one license of occupation, and the properties cover approximately 34,926 hectares. The Goliath property is located in the Kenora Mining Division in northwestern Ontario, about 20 kilometers east of the City of Dryden and 325 kilometers northwest of the port city Thunder Bay, Ontario, Canada. The Goldlund property covers around 28,289 hectares, and includes two deposits - Goldlund Mine and Miller, which covers portions of the Echo and Pickerel townships in Ontario. The Miller property is a proposed open pit mine. The Company also owns other projects, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock.


TSXV:TML - Post by User

Post by andre171on Dec 16, 2021 3:23am
452 Views
Post# 34235562

Drilling results for Goldlund very good ?

Drilling results for Goldlund very good ?I come back to the last drilling results for Goldlund published on November 3 and I observe that (except for a calculation error on my part) the average grade discovered is 5.18 g / t then for the measured reserves of this mine it is 1.07 and 0.66 for the indicated reserves. Therefore, these drilling results seem particularly good to me because they reveal a quintuple grade. With operating costs a priori of the same order, the profit margin should therefore be strengthened, of course with an increase in the volume of reserves. On the other hand, the average width of the veins of 8.12 M seems to me quite low. What do you think ?
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