After-Tax NPV of C$306 million and IRR of 25% at US$1,225 per ounce TSX:TML Highlights (all currencies are reported in Canadian dollars unless otherwise specified): The PEA benefits from a 37% increase in the Life of Mine ("LOM") gold production profile, while taking a conservative approach with respect to operating and capital costs compared with the 2012 PEA; Average annual production of 87,850 oz Au over a 13 year [...]
TSX: TML TORONTO, March 1, 2017 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce a corporate update and project development strategy to further advance the Company's Goliath Gold Project located in Northwestern Ontario. The Company aims to be in a position to make a construction decision during the third quarter of 2018 pending the successful recommendation of a Feasibility [...]
TSX: TML TORONTO, Feb. 6, 2017 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce additional results from its infill drilling program at its 100% owned Goliath Gold Project located in Northwestern Ontario. Treasury's current drilling program is primarily focused on the conversion and expansion of underground "Inferred" Mineral Resources to the "Indicated" category that reside in and adjacent to the known Main [...]
TSX: TML TORONTO, Dec. 21, 2016 /CNW/ - Treasury Metals ("Treasury Metals" or the "Company") (TSX: TML) is pleased to announce that the Company has closed its previously announced private placement (the "Financing") of flow-through common shares ("Flow-Through Shares") for aggregate gross proceeds of $2,618,595. The Financing comprised the issuance of 3,587,117 Flow-through Shares which were issued at a price of $0.73 [...]
TSX:TML TORONTO, Dec. 9, 2016 /CNW/ - Treasury Metals ("Treasury Metals" or the "Company") (TSX: TML) is pleased to announce that due to strong investor demand, the Company has increased its previously announced non-brokered private placement of flow-through common shares from $2 million in aggregate gross proceeds to $2.5 million in aggregate gross proceeds (the "Offering"). All other terms and conditions of the [...]
TORONTO, Dec. 7, 2016 /CNW/ - Treasury Metals ("Treasury Metals" or the "Company") (TSX: TML) is pleased to announce a non-brokered private placement issuing up to 2,739,726 flow-through common shares ("Flow-Through Share") of the Company at a price of C$0.73 per Flow-Through Share, for aggregate gross proceeds of up to C$2.0 million (the "Offering"). The net proceeds of the Offering will be used for the advancement of [...]
TSX:TML TORONTO, Dec. 1, 2016 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce that former Kirkland Lake Gold Executive Chris Stewart, P.Eng., has been appointed President and Chief Executive Officer. Mr. Stewart will join Treasury effective December 5th, 2016. Mr. Stewart, who is a senior executive with more than 24 years of diversified experience in the mining industry, will [...]
Treasury Metals Inc. and Goldeye Explorations Ltd. are pleased to announce the completion of the previously announced plan of arrangement, which was approved by the shareholders of Goldeye at a special meeting held on November 15, 2016. On November 18, 2016, a final order was obtained from the Ontario Superior Court of Justice approving the Plan of Arrangement and a Certificate and Articles of Arrangement were issued by [...]
TSX:TML TORONTO, Nov. 11, 2016 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce initial results from the first phase of the ongoing infill drilling program at its 100% owned Goliath Gold Project located in Northwestern Ontario. Treasury's current drilling program is primarily focused on the conversion of underground "Inferred" resources to the "Indicated" category that reside in and adjacent to the known [...]
TSX: TML TORONTO, Sept. 21, 2016 /CNW/ - Treasury Metals Inc. is pleased to provide an exploration program update on the Goliath Gold Project in Northwestern Ontario and to announce the appointment of Mr. Darryl Boyd as Director of Regulatory and Community Affairs. The Company has added a second drill rig that will assist in shortening the schedule for the infill drilling of deeper sections of the current underground [...]
Treasury Metals Inc. and Goldeye Explorations Ltd. announced on July 11, 2016 that they had agreed to a proposal with respect to the acquisition of Goldeye by Treasury. Treasury and Goldeye are pleased to announce that they have entered into a definitive arrangement agreement, whereby Treasury will acquire all of the issued and outstanding common shares of Goldeye. Upon closing, Goldeye will become a wholly owned [...]
TSX: TML TORONTO, Aug. 18, 2016 /CNW/ - Treasury Metals Inc. is pleased to announce it has resumed a diamond drilling exploration campaign at its flagship Goliath Gold Project located in northwestern Ontario. The drilling campaign will start with a 5,000 metre program focused primarily on converting underground "inferred" resource blocks to the "indicated" category within the main resource area. The drilling program will [...]