BTU Mobilizes Crews to Dixie Halo Property Contiguous to Great Bear’s Dixie Project, Red Lake District, Canada
Vancouver, British Columbia (FSCwire) - BTU METALS CORP. (“BTU” or the
“Company”) (BTU-TSX:V) announces that crews have mobilized for a site visit on the Company’s Dixie Halo property, which
adjoins the northern and eastern boundaries of Great Bear Resources Corp.’s (GBR – TSX:V) Dixie Project located in the Red Lake
District of Ontario. Great Bear recently reported the SLZ discovery in drill hole DSL-004, at only 75 metres (m) of vertical
depth, returning 1.75 m of 101.05 grams per tonne gold (“g/t gold”) within a vein zone of 10.35 m of 18.23 g/t gold (see PR dated
Sept. 27, 2018). The new discovery has generated an online staking rush in the area with the Company’s Dixie Halo viewed as the
closest to, and one of the most strategically located property positions in this emerging gold camp. In addition, Great Bear has
recently raised over $10 million with funds focused towards exploration of the Dixie Lake project.
The site visit is led by both the Company’s VP of Exploration, Don McKinnon, as well as independent director Doug
Hunter (P.Geo).
One priority target is located on the southern portion of the Dixie Halo property, where previous work by
Laurentian Goldfields (now Pure Gold Corp.) outlined a significant Mobile Metal Ion (MMI™) geochemical gold anomaly approximately
500 by 700 meters in area. MMI™ measures metal ions that travel upward from mineralization to unconsolidated surface materials
such soil, till, sand and so on. These mobile metal ions are released from mineralized material and travel upward toward the
surface. MMI It is especially well suited for terrain with extensive overburden cover such as the Dixie Lake area, and this
geochemical procedure is widely applied for buried Archean gold mineralization.
The technical contents of this news release were approved by Douglas Hunter, PGeo, a qualified person as defined by
the National Instrument 43-101. The properties have not been the subject of an NI 43-101 technical report.
About BTU Metals Corp
BTU Metals is a Canadian-based junior exploration company focused on developing its Galway Gold project located in
Ireland and the Shakespeare Gold project in Ontario. For more information on BTU Metals Corp. please visit our website located
at www.btumetals.com.
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking
statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.
Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information
currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected.
These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation,
the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our
filings with SEDAR in Canada (available at WWW.SEDAR.COM).
To view the original release, please click here
Source: BTU Metals Corp. (TSX Venture:BTU)
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