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Treasury Metals seals the deal

Dryden junior miner finalizes Goldeye acquisition
Treasury Metals geologist

A future northwestern Ontario gold miner has officially added another prospect to the project pipeline.

Treasury Metals announced Nov. 24 that it has completed the acquisition of Goldeye Explorations and its high-grade gold property near Sandy Lake.

Goldeye’s principal project is the Weebigee, considered a “high-quality asset” by Treasury, in the heart of an unexplored gold district in the remote Sandy Lake greenstone belt.

The acquisition was approved by the shareholders of Goldeye on Nov. 15.

Goldeye now becomes a wholly owned subsidiary of Treasury.

A final order was obtained from the Ontario Superior Court of Justice approving the plan of arrangement and a certificate and articles of arrangement were issued by the Ministry of Government Services.

The TSX Venture Exchange has given its approval and delisted the shares of Goldeye.

Treasury Metals’ cornerstone project is its Goliath Gold Project, 20 kilometres east of Dryden, where the Toronto-headquartered junior miner is advancing the project toward open-pit production in late 2018, early 2019.

The company has spent this fall firming up its resource numbers at Goliath by infill drilling more than 20 targets of the main gold deposit to transfer its underground resource base from the inferred category to the indicated category.