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BTU Exploration Underway on Expanded Land Position Near TNT Copper Silver Discovery
VANCOUVER, BC / ACCESSWIRE / March 29, 2021 / BTU METALS CORP. ("BTU" or the "Company") (TSX...
About this update from Btu Metals Corp
[{"type":"text","content":"BTU Exploration Underway on Expanded Land Position Near TNT Copper Silver DiscoveryVANCOUVER, BC / ACCESSWIRE / March 29, 2021 / BTU METALS CORP. (\"BTU\" or the \"Company\") (TSX:V:BTU)(OTC PINK:BTUMF) today announces that it has commenced geophysical surveying east of last year's TNT copper silver gold discovery on its recently expanded land position (see PR dated March 23, 2021) in the Dixie Lake area near Red Lake, Ontario. The Company can earn up to an 80% interest in the 3,000 hectare (\"ha\") Pakwash North property located adjacent to the east and southeast boundaries of its Dixie Halo project.Geological, geochemical and geophysical studies and evaluations are ongoing by geological consultant Harold Gibson, Professor of Volcanology and Ore Deposits at Laurentian University, Company personnel, as well as geophysical consultant Alan King. The studies indicate that the TNT area mineralization clearly has direct copper silver gold correlation similar to some known high temperature base metal mineralization and also that the mineralization is associated with strong alteration including some areas with sodium depletion and strong potassium enrichment. Work by the group has identified several potential base metal type targets that warrant additional geophysical survey follow-up as well as follow-up drill testing depending on the survey results.Paul Wood, BTU CEO, said, \"The transaction we announced last week allows us to look more regionally for significant base metal and gold deposits. With our land position expanded to the east and with the thesis that the mineralization we found at TNT is largely footwall style mineralization and with the interpretation that stratigraphic tops are to the east, we can now work unrestricted near our Dixie Halo property boundary and well to the east on the Pakwash North property to see if there is a significant accumulation of base metal sulphides higher in the stratigraphy. Concurrently, we continue to progress on our 3,500 metre drill program on the 12 km+ SW-NE structural trend targeting gold.\"Induced Polarization (\"IP\") geophysical survey work is already underway near the common boundary between the Dixie Halo property and the Pakwash North property. Initial results point to the presence of a significant chargeability target and a coincident resistivity low feature that extend for at lea...