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Treasury Metals Inc. is a mineral exploration and development company with a growth orientated strategy to acquire and develop advanced gold assets. Treasury Metals has a strong and sizable shareholder base and cash flow from a gold royalty. [source: Company factsheet, viewed online September 2010].
The Treasury Metals Inc. website is at www.treasurymetals.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Canadian Insider Trading
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-07-04.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2013-05-22 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$56.15 |
| Average Ore Value per Tonne | US$56.41 |
| Metal Value Leverage (MVL) | -no stock price- |
| Market Capitalization as a Percentage of Metal Value | - price unavailable |
| Recent Closing Stock Price | C$ [note 1] |
| Fully Diluted Share Count | 48.73 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 28% |
| Percentage In Situ Inferred Resource | 72% |
| Metric | Value on 2013-05-22 |
|---|---|
| Gold Reserves + Resources | 1.90 M oz |
| Average Gold Ore Grade | 1.2 g/t |
| Market Capitalization per oz of Gold In Situ | US$0.00 ( C$0.00 ) |
| Gold Equivalent Ounces Estimate | 2.00 M oz |
| Market Capitalization per oz of Gold Equivalent | US$0.00 ( C$0.00 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.964053 US$
Note 2: March 31, 2011 financial filings.
- options (millions): 3.817 at an average price of C$0.49
- warrants (millions): 3.003733 at an average price of C$0.76
Note 3: Current net cash = current cash (and cash equivalents) minus current liabilities
March 31, 2011 financial filings.
- current cash (and short term investments) = C$5.87M
- current liabilities = C$0.74M
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Silver | Copper | Lead | Zinc | ||
|---|---|---|---|---|---|---|---|
| Total Counts (reserves + resources) | 1.90 M oz | 3.62 M oz | 1.16 K t | 7.91 K t | 16.81 K t | ||
| Metal Prices in US$ (from 2013-05-22) | $1,364.80 / oz | $22.29 / oz | $3.34 / lb | $0.92820 / lb | $0.83350 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $53.35 | $1.66 | $0.18 | $0.33 | $0.63 | ||
| Percentage of Total Metal Value | 95.02% | 2.95% | 0.31% | 0.59% | 1.13% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | 0% | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 28% | 20% | 26% | 34% | 34% | ||
| Metal Value Percentage Inferred | 72% | 80% | 74% | 66% | 66% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | Silver | Copper | Lead | Zinc | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Goliath Gold | Ontario, Canada | $36.22 ( 64.5% ) | US$126.08 | 1.19 M oz | 3.62 M oz | 1.16 K t | 7.91 K t | 16.81 K t | 0 | 23% | 77% |
| Pico Machay | Huancavelica, Peru | $19.93 ( 35.5% ) | US$28.15 | 711.50 K oz | 0 | 37% | 63% | ||||
| Royalty: Cerro Colorado Gold Mine | Sonora, Mexico | $0.00 ( 0.0% ) | 0 | 0 | 0 | ||||||
| Goldcliff | Ontario, Canada | $0.00 ( 0.0% ) | 0 | 0 | 0 |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
Treasury Metals new gold exploration property is located 50 km south of Dryden along a distinct NE-SW shear zone that also hosts the past producers of the Goldrock Camp. The Goldcliff property is also contiguous to Mantiou Gold (reported 53.7 kg per tonne au over a core length of 0.55 m)
In 2010 Treasury Metals geologists conducted field mapping and prospecting on the property discovering several gold showings including grab sample assays up to 106.4 g/t Au.
[Source: Project webpage (viewed May 2011)]
Latest NI43-101 Report:
(0 pages).
Project Location: Ontario, Canada.
The Goliath Gold Project is located in Northwestern Ontario, 20 km east of Dryden and 2 km north of the TransCanada Highway. The location is also served by power lines, gas supply, water supply and existing workshops, offices and storage facilities. The City of Dryden and Wabigoon Lake First Nation are well equipped with skilled personnel and services to support mine development. The property is 100% owned by Treasury Metals Inc. [Source: Project webpage (viewed May 2011)]
Latest NI43-101 Report: TECHNICAL REPORT AND PRELIMINARY ECONOMIC ASSESSMENT
ON THE
GOLIATH GOLD PROJECT
2010-07-09 (417 pages).
Project Location: Ontario, Canada.
Average Ore Value (all estimate types): US$126.08
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $7.65 | 273.28 K oz | 2.500 g/t | 3.40 M t |
| Silver | $0.33 | 721.46 K oz | 6.600 g/t | 3.40 M t |
| Copper | $0.05 | 0.30 K t | 88.000 g/t | 3.40 M t |
| Lead | $0.11 | 2.72 K t | 800.000 g/t | 3.40 M t |
| Zinc | $0.21 | 5.68 K t | 1,670.000 g/t | 3.40 M t |
Estimate notes: See table on p. 7 of 417 in the NI43-101 dated July 2010.
Cut-off grate was 0.5 g/t for surface and 2.0 g/t for underground.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $25.77 | 920.15 K oz | 2.700 g/t | 10.60 M t |
| Silver | $1.33 | 2.90 M oz | 8.500 g/t | 10.60 M t |
| Copper | $0.13 | 0.86 K t | 81.000 g/t | 10.60 M t |
| Lead | $0.22 | 5.19 K t | 490.000 g/t | 10.60 M t |
| Zinc | $0.42 | 11.13 K t | 1,050.000 g/t | 10.60 M t |
Estimate notes: See Indicated note.
The Pico Machay Gold Project ("Pico Machay" or the "Project") is a high-sulphidation gold deposit that lies within the
northern extent of the Southern Peru Epithermal Gold-Silver Belt, which is one of three epithermal gold-silver belts in
Peru that are host to world-class gold deposits, including the producing Yanacocha and Pierina mines.
The Project is a near-term mine development stage asset and preliminary engineering and metallurgical test work
will support a low cost, low stripping ratio, heap leach operation.
...
... has agreed to pay a total of US$21 million in cash and the issuance of 11.5 million common shares (the "Shares").
Treasury Metals has agreed to issue 1.0 million common shares to Pan American at the time of signing, with the balance of 10.5 common shares to be issued
upon the closing of the Transaction. Pan American will hold approximately 19.70% of the issued and outstanding common shares of the Company
[Source: Treasury Metals to Acquire Pico Machay Gold Project from Pan American Silver]
Latest NI43-101 Report: INDEPENDENT TECHNICAL REPORT
AND
RESOURCE ESTIMATE
PICO MACHAY GOLD PROJECT
HUANCAVELICA PROVINCE, PERU
2011-04-30 (260 pages).
Project Location: Huancavelica, Peru. View the Pico Machay Gold project on a Google Map.
Average Ore Value (all estimate types): US$28.15
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $7.45 | 265.82 K oz | 0.780 g/t | 10.60 M t |
Estimate notes: See p. 5 of 260 in the NI43-101 dated April 2011.
mixed + non-oxidised, block cut-off grade of 0.3 g/tonne.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $12.48 | 445.67 K oz | 0.580 g/t | 23.90 M t |
Estimate notes:
[Source: December 2010 Financial Filing]
The projected 2011 gold output from Cerro Colorado is 25,000 oz gold (see Goldgroup project webpage (viewed May 2011).
Latest NI43-101 Report:
(0 pages).
Project Location: Sonora, Mexico.