Treasury Metals (TSE:TML) reported Monday additional drill results from its Goliath gold project in the Kenora Mining District of northwestern Ontario, continuing to define a high grade zone in the eastern region. The results, part of the current 20,000 metre diamond drill program at the site, are from holes located near the eastern boundary of the existing resource. The best intersection was 23.22 g/t gold over 5.11 metres in hole TL11-132 and 14.87 g/t gold over 7.00 metres in hole TL11-130. "The tenure of drilling results is improving as we gain a better understanding of the deposits’ geometry and the latest results are exceeding expectations and the results of previous drilling," said CEO Martin Walter. "We are encouraged that the resource remains wide open in that direction and is showing significant promise. We are seeing a greater consistency in terms of intersecting wider intersections of high-grade gold mineralization as we define the eastern (high-grade) shoot." The Goliath property consists of 234 contiguous mining claims totalling approximately 5,287 hectares. Treasury's shares rose more than 7.5% Monday morning to $1.43 as of 10:52am EST.

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