BTU Metals Corp V.BTU

Alternate Symbol(s): BTUMF

BTU Metals Corp. is a Canada-based junior mining exploration company. The principal business of the Company is the exploration of mineral properties. The Company's main assets are the Dixie Halo Project located in Red Lake, Ontario immediately adjacent to the Great Bear Project and the Echum and Hubcap properties in the active Wawa gold district. The Echum and Hubcap properties cover more than 750 mining claims over a total of 16,048 hectares. The Company also has an option agreement to acquire 70% interest in and to over 757 mining claims (12 boundary cell mining claims, three multi-cell mining claims, and 742 single cell mining claims) in the Kenora District of Ontario.

TSXV:BTU - Post by User

BTU Metals Corp

Bullboard Posts

Post by Winwarrioron Aug 19, 2019 8:21am

95 Views

Post# 30042229

News . . . update

BTU Work Program Update; Dixie Halo, Red Lake, Ontario

VANCOUVER, BC / ACCESSWIRE / August 19, 2019 / BTU Metals Corp. (“BTU” or the “Company”) (BTU-TSX:V) is pleased to provide the following update on its ongoing exploration activities at its Dixie Halo project located in Red Lake, Ontario.

The Company is currently drilling the eighth hole of the program with 7 holes, totalling approximately 1,300 meters, now complete. Drilling to date has focused on testing IP anomalies near the north central boundary with Great Bear Resources (GBR-TSX:V) about 1.5 km south of GBR’s “Hinge Zone”. Select core continues to be logged, sawn and shipped to the lab for assays as the holes are completed.

Among drill targets to be tested is a fence of short holes to test strong, broad IP chargeability anomalies on what appears to be the strike extension of GBR’s newly recognized “LP Fault” structure. This structure hosts high grade gold at several locations along several kilometres and the structure is reported to be 18 km in length. BTU geologists believe the southeastern portion of this fault appears to cross BTU’s ground. Other sub-parallel structures have been interpreted to be present or extend on to the Dixie Halo property.

A map showing IP lines and recently completed drill holes, overlaid on 1st vertical derivative from drone geophysical survey carried out by BTU in recent months. This can also be viewed at https://btumetals.com/?project=3.

Concurrent to the drill program, geophysical work plus prospecting is ongoing to identify additional targets and further assess the potential of the project.

“We are in the early days of our exploration program at Dixie Halo. After a brief mechanical delay on the second hole we are in full production now and with every hole drilled gaining valuable knowledge about the geologic settings of gold at Dixie and we are focused on what we regard as excellent targets for upcoming holes.” stated Doug Hunter, VP Exploration for BTU.

The Company would like to acknowledge the continuing support and assistance of the team at the MNDM office in Red Lake. The staff there continues to be extremely helpful as the company ramps up its 2019 exploration program.

The technical contents of this release were approved by Mr. Doug Hunter, P. Geo., a qualified person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD
“Paul Wood”

Paul Wood, CEO, Director
pwood@btumetals.com

Bullboard Posts

Changing Europe’s dependency on HREE from China