Treasury Metals Announces Integrated PEA For Combined Goliath-Goldlund Project; Announces Upsized C$17.5M Financing

After acquiring the neighbouring Goldlund open pit project from First Mining Gold, Treasury Metals (TML.TO, TSRMF.US) has been busy ever since to integrate both projects into a single open pit-underground project with synergies whenever possible. After hiring Ausenco, a reputable engineering firm, and appointing a new President and CEO, Jeremy Wyeth, who has lots of experience in building mines, the company worked diligently for 6 months on an integrated Preliminary Economic Assessment (PEA) for both projects.

Treasury Metals Advancing Goliath Gold Project Rapidly Towards PFS With Environmental Assessment Approval In Hand

1. Introduction

Sometimes I come across a familiar name that seems to be around forever, not achieving remarkable highs or lows, just following its course quietly like a small river or creek. In those cases I often look in vain for upcoming catalysts, as such companies usually don’t have fast-tracking mentioned in their dictionairies. However, this time it is a bit different. Treasury Metals (TML.TO, TSRMF.US), the company to be discussed in this analysis, has seen a long and slow trajectory on its Goliath Gold project in Ontario since 2010, in large part caused by a longwinding Environmental Impact Assessment process.

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