TSX.VBTU
LAST$0.205
VOL258,200
GOLD $USD$1,750.90
COPPER $USD$2.44

Geophysics & Future Targets

Exploration Update

BTU VP of Exploration Bruce Durham & BTU Advisor Alan King discuss exciting new geophysical data for the Dixie Halo project.

Watch Video
LATEST NEWS

RED LAKE, ONTARIO

DIXIE HALO

BTU Metals has been building its overall property position aggressively since it first acquired land in the area in August 2018. The Dixie Halo property now covers a total of 19,723 hectares and borders much of Great Bear Resources Ltd.'s (TSX-V: GBR) Dixie project.

DIXIE HALO

PROJECT HIGHLIGHTS

19,723 hectares of highly prospective land in Red Lake, among the richest gold mining camps in the world

Land package contiguous with GBR's flagship Dixie project and its outstanding discoveries that appear to follow a trend that cross the BTU property

Discovery of the TNT Target with significant intercepts of mineralization including an assay highlight of 44.3 m of 1.14% CuEq with intervals containing as much as 5.56% Cu, 99.6 g/t Ag, and 2 g/t Au

Geological and geophysical data indicates the potential for a polymetallic, gold-enriched "volcanogenic massive sulphide" (VMS) deposit

Expert assessment of currently available geophysical survey data has found that the target has a footprint of 200-500 meters east-west and at least 1,000 meters north-south

Cash reserves from recent financings set to take drilling well into 2020.

DIXIE HALO

PROJECT ROADMAP

  • AEM & Mag - Fugro HELITEM Survey (2012)
  • Condor North Report
  • Complete project review
HISTORIC WORK
  • Identification of two key target areas
  • ~ 5,000 m drilled
  • Geophysics: IP, VLF & Mag surveys
  • SGH soil sampling program
  • High-resolution drone magnetic survey
  • Secured two additional property deals
2019 BTU PROGRAM
2018 WORK PROGRAM
  • Prospecting & sampling
  • Drone flyover of key target areas
  • Selection of initial drill target area
2020 BTU PROGRAM
  • TNT Target
  • Drilling to scope size and nature of discovery
  • Further geophysical surveys (IP, VTEM) on and around the target
  • Downhole geophysics
  • Dixie Creek Target
  • Assess SGH results
  • Drill high priority targets as defined by SGH and geophysics
  • Continue prospecting along mafic-felsic contact

EXPLORATION FOCUS

TNT TARGET

The polymetallic TNT target, discovered in drill holes 12 and 13 of the current drill program at Dixie Halo (see November 28, 2019 news release), is BTU's main focus going into 2020. Geophysics, including ground IP and resistivity, as well as airborne VTEM and a SGH survey are being used to ascertain the footprint of the target and to define additional drill targets. The lithology, alteration, and mineralization encountered in holes 12 and 13 coupled with the geophysical data provide compelling indications of a large gold-enriched "volcanogenic massive sulphide" (VMS) system.

Continue Reading
X

NEVER MISS AN UPDATE

Subscribe to our mailing list to receive news releases and other materials related to BTU Metals Corp. Your email will never be shared and you can opt out at any time.

Thanks but I'm not interested.