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BTU Commences Spring Drill Campaign at TNT VMS Target
VANCOUVER, BC / ACCESSWIRE / May 25, 2020 / BTU METALS CORP. ("BTU" or the "Company") (BTU-T...
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[{"type":"text","content":"BTU Commences Spring Drill Campaign at TNT VMS TargetVANCOUVER, BC / ACCESSWIRE / May 25, 2020 / BTU METALS CORP. (\"BTU\" or the \"Company\") (BTU-TSX:V) has re-mobilized its drill crew to the TNT target area on its Dixie Halo property, 25km southeast of Red Lake, Ontario. Additional exploration field operations are re-commencing as the Company explores for gold across its 200km2 property that shares a >35km common boundary with Great Bear Resources Ltd. (\"Great Bear\").BTU is beginning the next phase of drilling operations at its TNT target area where the Company is actively pursuing the discovery of copper-silver-gold volcanogenic massive sulphide (\"VMS\") style mineralization. Since the discovery of 44.1-metres of precious-metal enriched chalcopyrite-pyrite mineralization in Drill Hole 13 last fall, the Company has pursued a strategic path to modelling the size and grade potential of this geological system. An initial phase of drilling identified a VMS-style alteration system with a large footprint. Ensuing down-hole and ground geophysical surveys have revealed the presence of large conductive areas within this alteration envelope. These conductive areas are the prime targets in the search for bodies of potentially very valuable ancient mineral deposits containing copper and zinc as well as precious metals that account for some of the largest existing and past-producing base metal mines in Canada (e.g. the Horne mine, Kidd Creek, Flin Flon, etc.).While this drill program gets underway at the TNT target area, efforts are also continuing in the search for significant gold mineralization along the generally southwest to northeast structural trends that extend for more than 20km on the Company's 100% controlled properties and which have many geological similarities to the nearby LP Fault gold system on the Great Bear Dixie Property.Paul Wood, BTU CEO, said; \"We have been eager to restart drilling the TNT target where we have considerably advanced our understanding of the target area through prior drilling and recent geophysical work. TNT appears to be a large VMS type system. In hunting for the typically associated massive sulphides, the team has now identified several large, conductive targets (see May 7 video explanation https://youtu.be/YgDWIPs_U24). I also want to emphasize that we added significantly to our land posit...