BTU Metals has re-mobilized its drill crew to the TNT target area on its Dixie Halo property, 25km southeast of Red Lake, Ontario. Additional exploration field operations are re-commencing as the Company explores for gold across its 200km2 property that shares a >35km common boundary with Great Bear Resources Ltd.. BTU is beginning the next phase of drilling operations at its TNT target area where the Company is actively [...]
BTU Metals announced today that it has utilized Small Cap Power to record a brief video update to provide enhanced understanding of its exploration activities. BTU continues to work with data from the recently completed down-hole probe and IP programs to prioritize drill targets for the program set to commence May 16th, 2020. The video may be accessed on our YouTube page and by clicking here [...]
Defines New Priority VMS Style Copper Targets at TNT Area Gold Assay Results Pending from Great Bear-Dixie Boundary Area BTU Metals Corp. provides the following update on exploration activities and progress at its Red Lake Ontario projects. The Company's exploration work remains largely on schedule with no major disruption due to the COVID-19 government guidelines. The Company continues to monitor this evolving situation [...]
Till Sampling Returns up to 120 Gold Grains Drill Program Assays Pending More Drilling at TNT to Test New Targets Highlights: Dixie Creek Gold Target Highest recorded regional till sample found to contain 120 gold grains at Dixie Halo Widespread evidence for gold mineralization along BTU SW-NE structural trend as seen in till samples, in-situ rock samples, SGH Seven drill holes now complete at Dixie Creek and other gold [...]
Key developments: New drilling at TNT intersects Volcanogenic Massive Sulphide style mineralization with continuity now shown over a dip length of roughly 300 metres from surface and drill hole BTU-20-25 results indicate metal grades are higher and increase at depth Assay results include 2.27% CuEq* over 7.80 m within a very broad zone assaying 0.40% CuEq* over a core length of 147.0 m Downhole time domain geophysics and [...]
BTU Metals Corp. is pleased to announce that further to its press releases dated February 19th and February 20th, 2020 the Company has closed the non-brokered flow through private placement. The Company issued 5,425,000 flow through units at a price of $0.30 per Unit for aggregate gross proceeds of $1,627,500. Proceeds raised will be used for advancing the Company's Dixie Halo Property in Red Lake, Ontario where drilling [...]
Highlights: Drilling underway at Dixie Creek Target following up Spatiotemporal Geochemical Hydrocarbon survey results Two separate targets near common boundary with Great Bear Resources Both SGH anomalies are proximal to induced polarization chargeability anomalies BTU Metals Corp. is pleased to announce that drilling is currently underway at the Dixie Creek Target to test gold exploration targets identified by [...]
BTU Metals Corp. has been recognized as the top ranked company in the mining sector for the 2020 TSX Venture 50. The Venture 50 are comprised of the top ten companies listed on TSX Venture Exchange in each of five major industry sectors - mining, energy & energy services, clean technology & life sciences, diversified industries and technology - based on a ranking formula with equal weighting given to market cap growth [...]
BTU Metals Corp. announces that due to overwhelming demand for the previously announced flow through private placement the financing is being increased to 5,500,000 flow units for total gross proceeds of $1,650,000. Closing of the private placement is subject to approval of the TSX Venture Exchange. BTU Metals Corp. is a junior, mining exploration company focused on its Dixie Halo project located in Red Lake, Ontario [...]
BTU Metals Corp. announces it has received commitments in excess of the full amount of its previously announced flow through private placement which is expected to close in short order. Closing of the private placement is subject to approval of the TSX Venture Exchange. BTU Metals Corp. is a junior, mining exploration company focused on its Dixie Halo project located in Red Lake, Ontario. "Paul Wood" Paul Wood, CEO [...]
BTU Metals announces it has arranged a non-brokered private placement of up to 2,500,000 flow-through units at a price of $0.30 per FT Unit, for aggregate gross proceeds of up to $750,000. Each flow-through unit shall be comprised of one common share of the company issued on a flow-through basis and one-half of one common share purchase warrant to be issued on a non-flow-through basis. Each whole warrant shall entitle the [...]
Key Developments The Spatiotemporal Geochemical Hydrocarbon soil sampling program results indicate two distinct zones with a high probability of indicating areas hosting gold mineralization in the Dixie Creek Target within the relatively small area surveyed BTU will drill test the SGH anomalies shortly and meanwhile drilling is continuing at the TNT target Downhole electromagnetic program set to commence at TNT to target [...]
