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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

Bullboard Posts
Comment by Winwarrioron Aug 21, 2019 12:38pm
66 Views
Post# 30051010

RE:cmon kalt

RE:cmon kaltGreat results and they are trending towards our property . . . Interesting that BTU mentioned a series of shallow holes was the current focus, and two days later GBR releases news that they have drilled into high grade . . . at shallow depths . . . that would appear to be heading our way . . . 

Taken from GBR's website . . . . "New Gold Controls at Hinge Zone

The new high-grade gold sub-zone in the Hinge Zone was discovered by modeling north-south striking sediment units that intersect the east-west striking Hinge Zone vein swarm.  While gold-bearing veins occur in every geological unit cut by the vein swarm (pillow basalts, sediments, ultramafics, and other volcanics), the outer contacts of the sediments appear to have enhanced gold grades and gold-bearing vein development when adjacent to  the high-iron tholeiitic pillow basalts that host the majority of gold mineralization.  These contacts provide anotherpredictable steeply plunging structural intersection that was successfully targeted during the most recent gold discovery.

The Hinge Zone vein swarm has been drilled along 550 metres of strike length to-date and remains open in all directions.  The Dixie greenstone belt underlies the projected trend of the Hinge Zone vein swarm to the west for approximately 5 kilometres before being cut off by a granitic batholith.  In addition to ongoing step-out and step-down drilling within the Hinge Zone, this projected vein trend will also to be tested during ongoing drilling."

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