Energy & Mining International - Spring 2013 - (Page 151)

T R E A S U R Y M E TA L S I N C . SPRING 2013 CAN ADA E M I • Wabigoon, Ontario “The local community is very much looking forward to the jobs and opportunities that this project will create for northwestern Ontario.” // MARTIN WALTERS, president and CEO Treasury Metals is continuing work on the Goliath Gold project in Ontario.. Treasure Trove Progress on the Goliath Gold project in northwestern Ontario is aided by ample infrastructure, a supportive community and a unified management team. [ BY JAMIE MORGAN ] The Goliath Gold project located in Ontario’s Kenora/Dryden mining district has seen more action in the past five years than it did in the 15 years before it was purchased by Treasury Metals Inc. in 2008. The lack of activity at the gold-laden land wasn’t for lack of interest, however, since three companies had staked claim on the 49-square-kilometer project. “The project had fragmented ownership for about 15 years until 2008 when Laramide, Teck and Corona all decided PROFILE Treasury Metals Inc. . | HQ: Toronto | Specialty: Gold exploration that it would be beneficial to put the project under one name, and that’s when Treasury Metals emerged as the entity that now controls the project,” President and CEO Martin Walters says. “That was in August 2008, and that gave us the green light to go forward with exploration. Up until then, very little work was being done because of the fragmentation. Under Treasury, we have been busy drilling and developing studies and moving the project to where it is today.” RESOURCE REALITY When Treasury Metals adopted the project, Goliath had a proven resource of 600,000 ounces of gold. Through an aggressive exploration program that saw 110,000 meters drilled over the past two years, Treasury Metals has proven up the resources to 1.7 million indicated and inferred ounces. The most recent exploration has focused on the property’s C Zone, located 30 to 50 meters from the project’s Main Zone of mineralization. “We continue to drill in the C Zone and the Main Zone and conduct infill drilling to upgrade from inferred to indicated,” explains Norm Bush, vice president and 151

Table of Contents for the Digital Edition of Energy & Mining International - Spring 2013

Energy & Mining International - Spring 2013
Washington, D.C.
Independent Exploration
Drilling Down
Pipeline Infrastructure
Marine Oil Terminals
Eagle Ford Shale
Monterey Shale
Marcellus Shale
Bakken Shale
Monitoring Fracking
Compliance Abroad
Public/Private Sales
Qv21 Technologies
PVR Partners LP
Lake Truck Lines
Aurcana/Rio Grande Mining Co. – Shafter Mine
Ruder Ware
Legacy Steel Buildings
Mineral Park Mine/Mercator Minerals Ltd.
Hearn Trucking LLC
John Fithian Contracting Co.
Chemex LLC
Global Diving & Salvage Inc.
Gold Spur Trucking
TAM International Inc.
Industrial Minerals Focus
The Mouat Company
Hi-Crush Partners
Mill Creek Sand and Gravel/Peaskie Minerals
Del Sol Industrial Services Inc.
Market & Johnson
Fortress Proppants
Canada Focus
Strategic Oil & Gas
Copper Fox Metals
Standard Machine
Gold Reach Resources
Treasury Metals Inc.
Canadian Zinc
Havlik Gear
The Final Shot

Energy & Mining International - Spring 2013