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Treasury Metals Announces Significantly Improved Economics at Goliath Project
Mar. 08, 2017 08:35AM PST
Precious MetalsTreasury Metals Inc. (TSX: TML) (“Treasury” or the “Company”) is pleased to announce the results from an updated Preliminary Economic Assessment (“PEA”) integrating recent engineering and incorporating the 2015 NI 43-101 Mineral Resource Estimate from its Goliath Gold Project (“Goliath” or the “Project”). As quoted in the press release: “The updated 2017 PEA benefits from …
Treasury Metals Inc. (TSX: TML) (“Treasury” or the “Company”) is pleased to announce the results from an updated Preliminary Economic Assessment (“PEA”) integrating recent engineering and incorporating the 2015 NI 43-101 Mineral Resource Estimate from its Goliath Gold Project (“Goliath” or the “Project”).
As quoted in the press release:
“The updated 2017 PEA benefits from increased mineable resources and a higher grade profile while using a more conservative approach related to all mining costs, capital costs and dilution compared with the 2012 PEA. As such, Treasury will confidently move forward with a Feasibility Study in addition to the other development activities set forth in our March 1, 2017 corporate update. The revised PEA is the result of all the considerable progress made at Goliath over the past five years and represents a key milestone in the path towards a production decision,” said Chris Stewart, President and Chief Executive Officer of Treasury.
