Treasury Metals Announces Additional Drill Rig to Goliath Gold Project

Treasury Metals Inc. (TSX:TML) has announced that it has added an additional drill rig to its Goliath Gold Project as part of its 20,000 metre diamond drilling program initiated in December 2010.

The additional drill is to expedite the infill drilling program and to test highly prospective exploration targets on the greater than 45km² Goliath property. Both drill rigs are positioned within the eastern portion of the Thunder Lake gold deposit. The targeted area is near the historic decline/portal and contains higher grade inferred mineral resources that are being drilled to increase geological confidence and upgrade to Indicated and/or Measured mineral resource categories.

"We are eager to complete the in-fill drilling program in order to move the project along the development path," commented Scott Jobin-Bevans, President of Treasury Metals. "There are numerous targets outside of the current mineral resources and so adding a second drill provides our team of geologists with additional exploration flexibility to test these highly prospective targets while continuing the in-fill program."