Treasury Metals Inc. announced initial results from the late 2014 Phase II drilling program at its 100% owned Goliath Gold Project located near the city of Dryden in northwestern Ontario. Treasury's current drilling program is focusing on resource category conversion and expansion of the Main and C zone mineralization. This program will enable Treasury to finalize the underground engineering plans for the future feasibility study as well as delineate the final open pit outline.

The infill program is initially focused on the Western Area of the Main Zone which remains the least drilled of all zones at the Goliath Gold Project. Drilling to date has returned significant grades over mineable widths at drill spacing's of roughly 30m, with more drilling to follow. Highlights from the initial Phase II program include drilling several specks of visible gold on Hole TL14-374, returning 2m at 199.75g/t. TL14-374 was drilled approximately 41m down plunge of previous highlight hole TL11-204A which intercepted 6.0m at 22.3g/t. Other highlights from the Western Main Zone include hole TL14-375 which intersected 4.87g/t over 3.5m through a Hanging Wall zone and 3.81/t over 8.0m through the Main Zone.

TL14-372 returned an interval of 4.5m at 3.86g/t through the Main Zone.