Treasury Metals Files Technical Report for Flagship Goliath Gold Project

Toronto-based Treasury Metals Inc. (TSX: TML, OTCQX: TSRMF) is a gold-focused exploration and development company with assets located in mining-friendly Northwestern Ontario. Treasury's flagship asset is the Goliath Gold Complex, which includes the Goliath, Goldlund, and Miller deposits along the Trans-Canada Highway. The company also owns the grassroots Gold Rock Project and has a joint venture on the Weebigee-Sandy Lake Gold Project. With experienced leadership and operations in a tier one mining jurisdiction, Treasury is advancing Goliath on the path to gold production.

The PFS, prepared by Ausenco Engineering Canada, outlines robust economics for a potential open-pit and underground mining operation at Goliath. The project is estimated to produce over 1.1 million ounces of gold over a 15-year mine life, with average annual production of 112,000 ounces.

A key highlight is the estimated gold grade of 2.0 g/t for the open-pit mine and 5.0 g/t for underground. At base case parameters, the project has an after-tax net present value (NPV) of C$328 million and internal rate of return (IRR) of 25% with a 2.4 year payback.

Treasury Metals is advancing the project through permitting and feasibility studies. The company aims to position Goliath as a low-cost, long-life gold producer in a tier-one mining jurisdiction.

With gold prices remaining strong and senior producers seeking to replace reserves, the PFS underscores the potential for Goliath to attract interest and partnerships. The project's location near key infrastructure is also a significant advantage.

For investors, Treasury Metals represents an undervalued development opportunity. The PFS marks a major de-risking milestone on the path towards production at Goliath. As the project continues to advance, Treasury's shares could garner increased investor appetite.