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BTU Provides Exploration Update
VANCOUVER, BC / ACCESSWIRE / December 23, 2019 / BTU METALS CORP. ("BTU" or the "Company") (...
About this update from Btu Metals Corp
[{"type":"text","content":"BTU Provides Exploration UpdateVANCOUVER, BC / ACCESSWIRE / December 23, 2019 / BTU METALS CORP. (\"BTU\" or the \"Company\") (TSX:V:BTU) announces the following update on exploration activities and progress on a number of initiatives at its Dixie Halo Property adjacent to the Great Bear Resources Ltd. (\"Great Bear\") Dixie Project near Red Lake Ontario.TNT TARGETThe current extent of the VTEM data only partially covers the TNT target, up to the boundary of the property prior to the acquisition of the East Extension claims announced on October 28, 2019. These data show the strength of the conductive portion of the TNT target to be increasing to the south. Historic data collected by Noranda Exploration in the area provides evidence that the TNT target continues southerly as a conductive electromagnetic target for at least an additional 500 metres on to the newly acquired East Extension property. The Company has applied for additional work permits for this area and expects to be in a position to drill test this part of the TNT target in Q1 2020. Other untested conductive airborne electromagnetic features will also be detailed and drill tested in Q1 2020.Drilling has proceeded well, with holes 19-24 in the TNT target area now complete and core logging and sampling in progress. The first BTU drill hole of 2020 will commence January 6, 2020 on the TNT target.Drill holes 12,13,19 and 20 were drilled on Line 12+00 North. Each of those holes intersected copper mineralization and drill hole 20, the most easterly drill hole (approximately 350 m east of hole 13) intersected copper mineralization near the collar of the hole. The Induced Polarization (\"IP\") anomaly on Line 12+00 North continues approximately 200m further east of drill hole 20, and this area will be drilled in the new year to test the extent of near surface mineralization. To date, drilling has spanned 500 metres east-west and each hole has intersected copper mineralization. Visual evaluation of the geological units intersected in the recent drilling points to the TNT target being a broad extensive zone of pyritic and sericitic alteration with intervals that contain intermittent chalcopyrite (copper) mineralization as well as minor, sphalerite (zinc), galena (lead), and molybdenite (molybdenum).IP surveying will recommence the first week of January to trace the continuatio...