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Kinross Commences 8,000m Drilling Program on BTU's Dixie Halo Property Adjacent To Kinross' Great Bear Project
VANCOUVER, BC / ACCESS Newswire / May 20, 2025 / BTU METALS CORP. ("BTU" or the "Company") (...
About this update from Btu Metals Corp
[{"type":"text","content":"Kinross Commences 8,000m Drilling Program on BTU's Dixie Halo Property Adjacent To Kinross' Great Bear ProjectVANCOUVER, BC / ACCESS Newswire / May 20, 2025 / BTU METALS CORP. (\"BTU\" or the \"Company\") (TSXV:BTU)(OTCQB:BTUMF) is pleased to announce that Kinross, pursuant to the option agreement between the parties, has just commenced a significant core drilling program on the Company's Dixie Halo property adjacent to Kinross's world class Great Bear gold deposit southeast of Red Lake, Ontario.The Company is also commencing work on its Hubcap property adjacent to the south boundary of the Red Pine Exploration Ltd. (Red Pine) Wawa Gold Project.Dixie Halo Project - Kinross OptionThe Company completed several drill campaigns on the Dixie Halo project over the time period Great Bear Resources Ltd. was successfully outlining extensive gold mineralization on its Dixie Project before Kinross acquired Great Bear Resources Ltd. for approximately C$1.8 billion (February 2022). Subsequently, the Company entered into an option agreement with Kinross in a transaction that closed in Q2 of 2023. Since then, Kinross has been evaluating all of the available data on the Company's Dixie Halo option property in preparation for follow-up drill testing target areas that may host gold mineralization. Part of that evaluation work involved re-logging of the drill core from the Company's drill programs on the Dixie Halo property in addition to a full re-interpretation of all available data.With all the pre-drill stage technical evaluation work now complete, Kinross has secured the required permits and has budgeted for an extensive drilling campaign on the Dixie Halo Option properties. The drill program just commenced and is planned to include approximately 8,000 metres on various target areas identified as priority locations for potential gold mineralization.Paul Wood, CEO, commented: \"We're excited that Kinross has completed their full evaluation of the historic work on the Dixie Halo project and are now embarking on their initial drilling of the resultant target areas. We hope they are successful in finding new areas of alteration and gold mineralization that will add to the already significant milestones they are achieving on the Great Bear project.\" Mr. Wood went on to add: \"Additionally, based on the success of our recent work at Wawa the team ...