Treasury Metals hopes to release the results of a Preliminary Economic Assessment for the combined Goliath and Goldlund projects east of Dryden early next year.
The company believes the two properties have about 2 million ounces of gold, with the potential of producing more than 100,000 ounces per year over a 12+ year mine life.
Chair Bill Fisher says a principal consultant has been selected and the PEA is progressing at a rapid pace.
Fisher says “We look forward to demonstrating the benefit of our first-class infrastructure on mine development and costs. In addition, with the region consolidated for the first time in its history, we are excited to see the results of potential efficiencies between the two projects.”
The Goldlund project was acquired by Treasury back in August.
