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BTU Starts 2021 Drill Program - Reports Additional High Gold in Till Results - up to 83 Gold Grains in a New Area of the Property
VANCOUVER, BC / ACCESSWIRE / February 8, 2021 / BTU METALS CORP. ("BTU" or the "Company") (T...
About this update from Btu Metals Corp
[{"type":"text","content":"BTU Starts 2021 Drill Program - Reports Additional High Gold in Till Results - up to 83 Gold Grains in a New Area of the PropertyVANCOUVER, BC / ACCESSWIRE / February 8, 2021 / BTU METALS CORP. (\"BTU\" or the \"Company\") (TSXV:BTU)(OTC PINK:BTUMF) today announces the start of its 1st drill program for early 2021 of 3,500 meters on its 200km2 Dixie Halo property in Red Lake, Ontario.Paul Wood, BTU CEO, said, \"BTU is in a strong financial position and is fully funded to commence and continue drilling for the first quarter. We are eager to immediately follow up on a number of high-priority gold targets we have been developing over the past several months over the SW-NE structural trend. The most recent gold in till results continue to expand our knowledge base on the extent of the gold in till anomaly in the east and northeast part of the property and we are excited to get back drilling in that area.\"Recent Developments and ResultsFour of the recent five drill holes completed in late 2020 returned anomalous (greater than 100 ppb concentrations of gold) in a variety of geological settingsDrill hole BTU-20-51 returned 1.1 grams per tonne Au over 0.70 mDrill hole BTU-20-53 returned 1.5 grams per tonne Au over 1.1 mA number of new till sample results point to an untested area with potential to host gold in bedrock toward the northeast corner of the property (Figure 1)Company has more than $2 million in cash and has many well supported early-stage high priority gold target areas to be evaluatedGood Till Results Continue The area of more detailed till sampling has been expanded to the east of the previous focus area for gold in till sampling. Despite the lack of widespread, easily accessible good sample material (basal till) we have identified an area of anomalous gold in till in the east - northeast part of the property (Dixie Creek target area) in an area where there has been limited work completed to date. One of the only drill holes completed in this area was BTU-19-01 which intersected strong sericite carbonate alteration, green mica, quartz veining and sulphide mineralization. The company anticipates completing additional work in this underexplored area of the property.Additional information, maps and results are available at the following link: www.btumetals.com/feb21update.Figure 1: Total # of gold grains from BTU till sampli...