“We believe we will probably be the next gold project in Ontario to obtain mine permits,” says Martin Walter, President and CEO of Treasury Metals Inc. (TSX: TML), in an interview with SmallCapPower.com. He estimates the project will have all-in costs of $740 to $750 per ounce, and describes his company as being “fully funded” to complete a Feasibility and Environmental Impact Statement as well as an updated resource estimate later this year.
Treasury Metals Inc. is a Toronto -based, TSX-listed mining exploration and development company developing and permitting the Goliath Gold Project located in Northwestern Ontario. The Company’s flagship Goliath Gold Project is a high-grade gold resource that demonstrates strong market fundamentals, access to excellent infrastructure and a skilled local workforce. Treasury Metals has commenced the mine permitting process with the vision of a combination of an open pit and underground mining methods. Established in 2008, Treasury Metals operates corporate headquarters in Toronto and a project office at the Goliath Gold Project.