Treasury Metals Inc. announce additional results from the Far East which now extend the mineralization to approximately 600 metres on strike. The Far East mineralization is remarkably similar in appearance to the Goliath Deposit, which has a strike length of 1.5 kilometres and is characterized by foliated felsic volcanic rocks that are strongly altered with silica and sericite, in addition to sulphide mineralization. These features have all been identified in the Far East area and suggests a system of similar scale.

As a reminder, the Goliath Deposit has a 798.9 koz Au Measured and Indicated open pit mineral resource estimate at an average grade of 0.85 g/t and 325.1 koz Measured and Indicated underground mineral resource estimate at an average grade of 3.72 g/t. The results wrap up the initial wide-spaced drill program designed to define the target for potential Goliath-style halo alteration and mineralization. The geology team is already planning a two-part follow up program to 14-hole, 4,300m program completed in 2021/2022 that will first define the strike potential of the Far East and secondly infill the wide space drilling that has defined approximately 600 metres of mineralization at similar grades, intercept widths and geological features to the Goliath Deposit. Hole TL22-617 is drilled on the same section as hole TL22-619, TL21-568 and TL12-266.

This was specifically done to understand the possible width of the Goliath-style host alteration zone. From the drilling on this section an alteration zone with a true width of ~200 metres has been defined. The alteration zone at the Goliath Deposit is very similar in width ranging from 150 metres to 250 metres in the heart of the deposit.

In addition, the Far East sits within similar stratigraphy and the rocks and alteration zone are slightly dipping to the southeast. The host felsic volcanic unit has interbedded metasediments with mafic to intermediate flows on either side, in a similar manner to the Goliath Deposit. Mineralized holes from the Far East have the typical Goliath alteration and mineralization and are associated with strong silica and sericite alteration as well as disseminated pyrite and trace sphalerite.

These alteration zones have gradational contacts where biotite-rich bands become more abundant. Additionally, the Far East rocks are slightly less deformed as they are further away from a major regional fold structure.