BTU CONTRACTS FORAGE M3 DRILLING FOR DIXIE HALO, RED LAKE
June 3, 2019, Vancouver, BC, Canada – BTU Metals Corp. (“BTU” or the “Company”) (BTU-TSX:V) has contracted Forage M3 Drilling Service Inc, of Hawkesbury, Ontario to execute the upcoming drill program at the Company’s Dixie Halo properties, contiguous to Great Bear Resources in Red Lake.
BTU has identified six target areas, which the technical team is currently validating with analysis of the recently completed high-resolution magnetic survey and on-the-ground prospecting work, the initial phase of which is now complete. This initial phase has resulted in the identifying of a new mineralized zone prospective for gold in mafic volcanic rocks along with pyritic sediments/Iron Formation and interpreted ultramafic rocks; an environment very similar to that which is associated with the important gold discovery of Great Bear Resources (GBR-TSXV) at its Hinge Zone. The new occurrence is several hundred meters from the northern boundary of BTU’s property.
“We are aiming to have drilling commence upon completion of some final ground proofing of drill targets by our team. This work will include IP and Max-Min (EM) surveying in conjunction with results of the drone magnetic survey”, stated Doug Hunter, Director and VP Ex of BTU.
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, CEO, Director
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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).Subscribe to UpdatesBack to Past News