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BTU Commences Exploration at Extensive Gold Properties Adjacent to Alamos Gold and Red Pine Exploration in the Active Wawa Gold District
VANCOUVER, BC / ACCESSWIRE / July 31, 2024 / BTU METALS CORP. ("BTU" or the "Company") (TSX-V:...
About this update from Btu Metals Corp
[{"type":"text","content":"BTU Commences Exploration at Extensive Gold Properties Adjacent to Alamos Gold and Red Pine Exploration in the Active Wawa Gold District VANCOUVER, BC / ACCESSWIRE / July 31, 2024 / BTU METALS CORP. (\"BTU\" or the \"Company\") (TSX-V:BTU)(OTCQB:BTUMF) announces it has commenced exploration on its 100% held extensive gold exploration land in the active Wawa gold area of northern Ontario.The Company's recently acquired gold exploration projects are located adjacent to the Alamos Gold Inc. (TSX-AGI) (\"Alamos\") Island Gold District Project in the northern portion of the Wawa gold area and adjacent to the Red Pine Exploration Inc. (RPX-TSX:V) (\"Red Pine\") Wawa Gold Project in the southern part of the Wawa Gold District. The southern Wawa projects are comprised of the Hubcap Gold Project adjacent to south and southwest of Red Pine and the Centennial Project adjacent to the south of Red Pine (Figure 1).The Company has posted an updated presentation on its website that includes additional information on the Wawa projects as well as the Company's project adjacent to the Great Bear project being developed by Kinross.Each of the Wawa projects covers areas of historic gold mineralization and none of the projects has been the subject of significant or comprehensive exploration in recent years. Importantly, no company has ever assembled the entire land positions as they are currently constituted. With the entire land position assembled, the Company is uniquely positioned to determine the full potential of the projects. The Echum property is adjacent along trend of the Island Gold Mine property operated by Alamos and the Hubcap and the Centennial projects are situated adjacent along the geological trend of the gold mineralization that has been extensively drill tested by Red Pine (Figure 2).Figure 1: Map showing the Echum and Hubcap properties and Their Location in Relation to the Properties of Red Pine and Alamos Asset and Area HighlightsEach project is adjacent to an active, large scale gold exploration/development projectThe projects host historic gold mineralizationEchum, the northern property, covers the extension of geological host rocks that occur on the adjacent Alamos Island Gold Mine propertyHubcap, just south of the town of Wawa and located immediately south and southwest of Red Pine, covers the extension of the geological tren...