TSX:
TML OTCQX:
TSRMF
TORONTO, June 14, 2019 /PRNewswire/ - Treasury Metals
Inc. (TSX: TML) is pleased to provide an update on the
advancement of the federal Environmental Assessment process for the
Company's Goliath Gold Project in Northwestern Ontario (the "Project").
As part of the Federal Environmental Assessment ("EA") mine
permitting process, the Canadian Environmental Assessment Agency
("the Agency") has released their Draft Environmental Assessment
(EA) Report ("Draft EA Report") and the potential conditions that
would be applied and be legally binding following an approval of
the Project under the Canadian Environmental Assessment Act,
2012.
"With the significant resources our Company and stakeholders
have invested in the EA process, the full value of our advanced
gold development project in Northwestern
Ontario is near to being realized," said Greg Ferron, Chief Executive Officer of Treasury
Metals Inc. "This final public comment period runs until
July 12, 2019, and we encourage the
public, interested parties and stakeholders to review and comment
during the next month."
Following the conclusion of the 30-day final public comment
period on the Draft EA Report and potential conditions of approval,
the Agency will consider all comments received and submit a final
EA Report and potential conditions to the Minister of Environment
and Climate Change, who will then render a decision notice.
The Draft EA Report provides a detailed overview of the project
and a copy of CEAA's Draft EA Report can be found on the Agency's
website at
https://ceaa-acee.gc.ca/050/documents/p80019/130192E.pdf. The
Agency's news release is available by clicking here.
To view further details about the Goliath Gold Project, please
visit the Company's website at www.treasurymetals.com.
Follow us on Twitter @TreasuryMetals
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. Goldeye Explorations Ltd. is a
Canadian subsidiary of Treasury Metals Inc. Goldeye's flagship
property is Weebigee, located near Sandy
Lake in Northwestern
Ontario, and there are two additional properties in
Ontario (Gold Rock and Shining
Tree-Fawcett).
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.