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BTU Metals Signs 2,200 Meter Drill Contract
Mobilization Underway VANCOUVER, BC / ACCESSWIRE / October 18, 2021 / BTU METALS CORP. ...
About this update from Btu Metals Corp
[{"type":"text","content":"BTU Metals Signs 2,200 Meter Drill ContractMobilization UnderwayVANCOUVER, BC / ACCESSWIRE / October 18, 2021 / BTU METALS CORP. (\"BTU\" or the \"Company\") (BTU-TSX:V; BTUMF-OTCQB) today announces it has signed a contract with Fusion Drilling Ltd of Hawkesbury, Ontario for a minimum of 2,200 meters of diamond drilling on its flagship Dixie Halo project in Red Lake, Ontario. Drilling is expected to take place from October through to the Christmas break and the holes will be designed to test a host of new gold exploration targets identified by BTU's technical team. The targets relate to areas of noted and interpreted alteration and sulphide mineralization often associated with gold mineralization in the area. \"Our team has worked diligently all season with data collected from ongoing field and drill programs and, as a result, selected approximately 10 high priority targets as our next phase of work at Dixie Halo,\" stated BTU CEO Paul Wood. Figure 1: General geology of BTU's Dixie Halo Property and Great Bear Resources' Dixie Project. BTU's upcoming drill program will focus on targets in the Hiewall Lake Area.Drill hole BTU-21-66 fire assay results have been received with gold values up to 268 ppb. No multi-element results from this hole have been received to date. Red Lake ActivitiesThe Red Lake mining area is extremely busy with the highlights being the purchase of the Newmont Mining assets in the camp by Evolution Mining, Evolution's recent purchase of Battle North Gold Corporation, the progression of several local properties toward commercial production, as well as the establishment of the gold discoveries of Great Bear as significant new areas and styles of gold mineralization that have the potential to rewrite the geology of this high-grade gold camp that has already produced more than 28 million ounces of gold. The area where Great Bear has been busy outlining strong gold mineralization on the Dixie property is not far from the BTU Dixie Halo property in an area that was historically under-explored and poorly understood largely due to the extensive overburden cover. As exploration by Great Bear and others progresses in the area, and the geology as well as controls on gold mineralization are better understood, new gold discoveries will almost certainly be outlined. Great Bear continues to define gold mineralization along ...