Treasury Metals has released initial results from a 15,000-metre drill program.

The infill results will be incorporated into an updated resource estimate for the project, expected for release in February.

News of Sprott’s investment comes right after the company released new drill results from its Bow property.

The deal is subject to a 1.0% net smelter return royalty to be retained by Rio Tinto Exploration Canada.

Drill results returned 70,380 g/t silver over 0.30 meters.

The Canadian miners are splitting responsibilities at the Palta Dorada property in Ancash.

Initial copper recovery grades at the company's Gunnison project are exceeding expectations.

Based on nickel recoveries in excess of 98%, the company believes that the resulting solution could be an ideal feed for the production of nickel and cobalt sulphate.