• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks
    market news

    Treasury Metals Updates Resource Estimate for Goliath Gold Project

    Olivia Da Silva
    Oct. 17, 2018 11:30AM PST
    Gold Investing

    Treasury Metals (TSX:TML) has updated the mineral resource estimate for its Goliath gold project. It shows 1.2 million ounces gold equivalent across the measured and indicated categories.

    Treasury Metals (TSX:TML) has updated the mineral resource estimate for its Goliath gold project. It shows 1.2 million ounces gold equivalent across the measured and indicated categories.

    Highlights are as follows:

    • Successful conversion program:

      • Total Measured and Indicated Mineral Resources are now 1,229,800 gold equivalent (“AuEq”) ounces (16.20 million tonnes at 2.36 grams per tonne gold equivalent). See Figure 1 Main Zone Longitudinal Projection.
    • Measured and Indicated Underground gold equivalent Ounces increased by 64 percent from the 2015 Mineral Resource Estimate:

      • Totaling 640,100 gold equivalent ounces with an average grade of 5.54 grams per tonne gold equivalent (5.39 grams per tonne gold);
      • Open Pit Mineral Resource shell optimized further to contain less waste and could lead to an improved strip ratio.
      • A portion of the increase can be attributed to redefining the boundary between the Underground and Open Pit Mineral Resources resulting in a higher portion of gold equivalent ounces reported within the Underground Mineral Resource capturing the high grade ounces.
    • Gold Equivalent Grade increase for combined Measured and Indicated Mineral Resources

      • In-Pit: +9.0 percent (1.45 grams per tonne gold equivalent);
      • Out of Pit: +8.0 percent (5.54 grams per tonne gold equivalent);
      • Total: +34.1 percent (2.36 grams per tonne gold equivalent).
      • Silver Grade increase in Measured and Indicated Mineral Resources
    • Mineral Resources at Goliath remain open at depth and has exploration potential for additional mineralized shoots along strike.

    Click here to read the full press release.

    market newstreasury metalstsx:tml
    The Conversation (0)

    Go Deeper

    AI Powered
    Blackrock Silver Announces Updated Mineral Resource Estimate for the Tonopah West Project

    Blackrock Silver Announces Updated Mineral Resource Estimate for the Tonopah West Project

    Gold Outlook

    Gold Outlook

    Latest News

    Over 50% Q-o-Q Production Growth Targeted

    Prince Silver: Advancing the Large-scale Prince Silver Project in Nevada

    Element79 Gold Corp. Announces Changes to Board of Directors with Eye to Drive Corporate Growth

    Blue Lagoon Announces Commissioning of MBBR Water Treatment System and Start of Underground Operations at Dome Mountain

    Sranan Gold Announces Participation in Upcoming Capital Event Muskoka Conference and Munich Mining Conference

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×