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Treasury Metals: Goldlund takeover dry!

So now the deal is dry: gold project developer Treasury Metals (TSX: TML; FRA: TRC) Completes Acquisition of First Mining Gold’s Goldlund Project (TSX: FF; FRA: FMG)!

With a combined resource base of future 2.0 million ounces of gold in the measured and displayed (“M + I”) category and an additional 1.1 million ounces of gold in the derived one, one of the largest undeveloped gold assets in Canada is created straight away.

In our opinion, Treasury Metals in particular should arouse new interest among institutional investors after the complex transaction has been concluded, not least because Treasury’s shareholder base is expanding considerably. Some may be secretly hoping for the next level of consolidation: say the takeover of Treasury by one of the major gold producers. The critical mass would be there.

In addition, there is considerable exploration potential on Goldlund. Just a few days ago, for example, First Mining reported the results of the last five wells of a 48-hole drilling program on the project. The highlights were certainly a section of 173.80 g / t gold over one meter and a further interval with 5.10 g / t over one meter. Overall, the program was able to demonstrate additional mineralization in various areas of the project.

With the acquisition now out of the way and gold prices well above the $ 2,000 per ounce mark, we see good chances that Treasury Metals stock will continue on its northward path and that the company will move both projects – Goliath and Goldlund – quickly can advance. Of course, Treasury Metals remains a risky speculation, but the risk is much lower than that of pure exploration companies.

Risk warning: GOLDINVEST Consulting GmbH publishes comments, analyzes and news on https://goldinvest.de. This content is for the readers’ information only and does not constitute an invitation to act in any way, neither explicitly nor implicitly to be understood as an assurance of possible course developments. Furthermore, they do not in any way replace individual, expert investment advice and do not constitute a sale offer for the share (s) being treated or a solicitation to buy or sell securities. This is expressly not a financial analysis but advertising / journalistic texts. Readers who make investment decisions or carry out transactions based on the information offered here act entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, since our information relates only to the company and not to the reader’s investment decision.

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In accordance with section 34b of the WpHG and section 48f (5) BörseG (Austria), we would like to point out that GOLDINVEST Consulting GmbH and / or partner, client or employee of GOLDINVEST Consulting GmbH hold Treasury Metals shares and that there is therefore a conflict of interest. GOLDINVEST Consulting GmbH also reserves the right to buy or sell company shares at any time. In addition, GOLDINVEST Consulting GmbH is rewarded by Treasury Metals for reporting on the company. This is another, clear conflict of interest.

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