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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

Post by petunia1on May 11, 2020 6:17pm
342 Views
Post# 31014239

A Golden Opportunity

A Golden OpportunityGolden Lake Exporation is worth having a look at. From the Mike England stable here is a company with a very tight share structure (under 20 million shares out) with significant insider holdings. Trading on the CSE under the symbol GLM the flagship focus is their Jewel Ridge gold property located in Nevada. Previous operators have drilled and proven the presence of gold with  impressive grades and width. Please see https://www.goldenlakex.com/jewelridge  

The Directors and Advisory Board are very blue chip.

GLM Chairman Vic Bradley founded the original Yamana Gold and served as President and CEO and then Chairman of the Board. He currently sits as Chairman of Osisko Gold Royalties.

GLM director Peter Mah is the current COO of McEwen Mining and has past positions with Luna Gold and Newmont to name a few. Mr. Mah has a proven track record of building and operating mines like Newcrest Mining's Kencana underground mine in Indonesia that yielded 400,000 ounces per annum. Mining Magazine awarded Peter's team in 2009 "Mine of the Year" award for the Debeer Victor diamond mine in Ontario. 

Golden Lake's Advisory Board includes senior geologist Richard Reid who was the Nevada District Exploration Manager for what is now known as Newmont Goldcorp Corp, the largest producer of gold in the world. 

Rounding out the Advisory Board is Chief Geologist Robert Weicker. Mr. Weicker was instrumental in the construction and development of the 6000 ton per day Williams Mine for Lac Minerals Ltd. in Ontario. Robert is no stranger to Nevada having been involved in the exploration, permitting and development of the Rosebud gold deposit for Equinox Resources.

With the geophysical data completed we should see news shortly of the Jewel Ridge drill program getting started.

Do your own due dilegence https://goldenlakex.com


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