Field Update - Drilling Underway at Dixie Halo, Red Lake, Ontario

About this update from Btu Metals Corp

[{"type":"text","content":"\nField Update – Drilling Underway at Dixie Halo, Red Lake, OntarioVANCOUVER, BC / ACCESSWIRE / July 23, 2019 / BTU Metals Corp. (“BTU” or the “Company”) (BTU-TSX:V) announces that core drilling is underway at the Company’s Dixie Halo properties (“DH”), contiguous to the Great Bear Resources Ltd. (“GBR”) Dixie Project near Red Lake Ontario. The Company also announces that other exploration initiatives including additional geophysical surveying are underway. The Company currently plans to complete a minimum of 2,500 meters of core drilling in phase one of the initial program. Mineralized intervals from the first hole are being logged and processed for analysis and drilling is ongoing. The DH property has been assembled by the Company over the past year and now constitutes an extensive portfolio of relatively unexplored exploration property that covers approximately 13,000 hectares. The properties include long mutual property boundary areas with GBR (Figure 1). Most of the properties are covered with a thin to moderate blanket of glacial debris that has historically hampered early stage prospecting methods except where rare rock outcroppings were located. This layer of overburden also means that no comprehensive gold exploration program has ever been undertaken on the DH property. Given the recent significant gold discoveries and gold zone definition work completed by GBR over the past year, it is becoming very evident the entire area, including the DH property now warrants a comprehensive and methodical exploration effort that will last for several years. Figure 1 - Dixie Halo Project Location & GeophysicsHistoric exploration efforts that did involve core drilling on the areas covered by the DH property were primarily focused on exploration for areas containing base metal mineralization and consequently exploration was focused on different areas of the current DH property than would typically be the focus of gold exploration efforts. In that regard however, work by the BTU technical team has identified geological environments in some of these base metals focused core drilling programs that identified alteration and mineralization similar in many aspects to those recently identified by GBR at their Bear-Rimini and Yuma gold discoveries. The Bear-Rimini/Yuma ...

More updates from Btu Metals Corp