TSX: TML OTCQX:
TSRMF
TORONTO, Aug. 1, 2018 /PRNewswire/ - Treasury Metals
Inc. (TSX: TML) ("Treasury" or the "Company") today
announces the departure of the President and Chief Executive
Officer Chris Stewart. Chris has
accepted an executive role with a global intermediate gold
producer, and will leave Treasury to assume his new role in August.
Chris presided over an active phase of permitting, exploration, and
development at Treasury and built a team in Dryden which will continue progressing the
Goliath gold project towards production.
Bob MacDonald, Vice President,
Operations and Mark Wheeler, Project
Director will continue in their roles with increased
responsibilities and the Company will continue to focus on Federal
mine permitting with the Canadian Environmental Assessment Agency,
engineering and on the completion of the on-going resource
expansion drilling program.
The Board has appointed Greg
Ferron as Interim CEO. Mr. Ferron, currently VP of Corporate
Development, has played a key role in the evolution of the
Company.
Marc Henderson, Chairman
commented, "On behalf of the entire team, we would like to extend
our gratitude to Chris and wish him well in his future endeavors.
The Board has full confidence in Greg, Bob, and Mark to continue to
build on the successes of the Company and to execute the Goliath
development plans on schedule. Greg has led our corporate
development team for 6 years, and will provide leadership
continuity to our staff, partners and key stakeholders. We are also
thankful for the value that Bob brings as a 30-year engineer who
led operations for Canadian success stories including Goldcorp's
Musselwhite and Cameco's Saskatchewan operations."
To view further details about the Goliath Gold Project, please
visit the Company's website at www.treasurymetals.com.
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused exploration and
development company with assets in Canada and is listed on the Toronto Stock
Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best
Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned
Goliath Gold Project in northwestern Ontario is slated to become one of
Canada's next producing gold
mines. With first-rate infrastructure currently in place and gold
mineralization extending to surface, Treasury Metals plans on the
initial development of an open pit gold mine to feed a 2,500 tonne
per day processing plant with subsequent underground operations in
the latter years of the mine life.
Forward-looking Statements
This release includes certain statements that may be deemed to
be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expect, are
forward-looking statements. Actual results or developments may
differ materially from those in forward-looking statements.
Treasury Metals disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be
required by applicable securities laws.
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SOURCE Treasury Metals Inc.
