TSX: TML OTCQX:
TSRMF
TORONTO, March 20, 2019 /PRNewswire/ - Treasury Metals
Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to
provide an update on recent advances related to the permitting
process at the Company's Goliath Gold Project in Northwestern Ontario (the "Project").
Federal Environmental Assessment Update:
As part of the Federal Environmental Assessment ("EA") process,
the Canadian Environmental Assessment Agency ("CEAA") accepted the
Company's submissions on March 14,
2019, and resumes the federally legislated timeline to
approve the EA and register a decision. CEAA has undergone an
extensive technical review of the draft documentation.
Under the EA process, the remaining legislated timeline includes
a formal review along with a 30-day final public comment period on
a draft EA Report and potential conditions of approval, and up to
60 days for a ministerial decision at which point the federal
government renders a decision notice.
Community Update:
Treasury continues to focus on community relations related to
the EA process to ensure local stakeholder inputs are reflected in
the EA process and as part of the overall development of the
Project.
The Company is also pleased to announce the signing of an
Engagement Agreement with Wabauskang First Nation ("Wabauskang" or
the "Community"). The purpose of the agreement is to establish a
framework for meaningful information sharing and communication and
forms a roadmap for continued engagement with the Community. This
engagement will facilitate the Community's ability to understand
the impact of the project and allows for the Company to better
understand the Community's viewpoints moving forward as part of
Goliath's development and design process.
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 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.
