BTU Announces Initiation of Exploration Progam at Dixie South Contiguous with Great Bear’S New High Grade GOLD Discovery, District of Red Lake
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU ANNOUNCES INITIATION OF EXPLORATION PROGAM AT DIXIE
SOUTH CONTIGUOUS WITH GREAT BEAR’S NEW HIGH GRADE GOLD
DISCOVERY, DISTRICT OF RED LAKE
October 23rd, 2018, Vancouver, BC, Canada – BTU METALS CORP. (“BTU” or the “Company”) (BTU-TSX:V) is
pleased to provide the following update pertaining to its newly acquired strategic properties south of, and contiguous
to Great Bear Resources Ltd.’s (GBR – TSX:V) Dixie Project located in the Red Lake District of Ontario . GBR
recently reported the SLZ discovery in drill hole DSL -004, at only 75 metres (m) of vertical depth, returning 1.75
m of 101.05 grams per tonne gold (“g/t gold”) within a vein zone of 10.35 m of 18.23 g/t gold (see PR dated Sept.
27, 2018).
An initial, limited sampling program was undertaken by Company personnel during a due -diligence site visit
conducted in mid-October. Samples were brought to ACT Labs in Thunder bay, Ontario – assays are pending. A
follow-up site visit will commence immediately to further investigate areas of interest plus to gauge logistics for an
upcoming drill program.
BTU president Mike England stated: “BTU now has a very secure and meaningful foothold in this emerging gold
camp. Our goal is to move quickly at Dixie South given Great Bear’s recent success so close to our border and the
amount of data at our disposal thanks to work undertaken by the vendor over the last 6 years. The interpretat ions
and geological modelling surrounding the south hinge concept give us very clear areas of great interest.”
DIXIE SOUTH (“DS”)
• Fugro HELITEM airborne electromagnetic (EM) and magnetic Survey conducted by vendor resulting in
30 drill targets identified at Dixie South
• Large, 6,200 ha property, covering prospective geology, bringing BTU’s total property holdings to
approximately 8,800 hectares in the area.
• Strategic land position contiguous to Great Bear’s Dixie Lake property. Comparable units can be traced
around a fold hinge with the southwest limb of this structure laying within the Dixie South properties
• Previous grab sampling by private vendor returned up to 4.6 g/t Au and +11.50% copper*
Historically, the DS property had not seen mapping due to overburden cover with any geological interpretation
being based largely on regional airborne data. More recently, there have been numerous stages of exploration by
the vendor, including trenching, p ower and manual stripping, prospecting, limited sampling, etc. Gold values
obtained from surface sampling have returned values up to 4.61 grams per tonne gold (g/t Au) in association with
283 g/t silver and 11.5 percent copper from grab samples from a limited 2013 sampling program. With the assistance
of Tony Pryslak (former resident geologist with 50 years of experience in the Red Lake area) since 2012 , the first
detailed maps of the property have been created. Click here or visit the BTU website to see the full report by Condor
North Consulting ULC.
In 2012 a HELITEM EM/MAG survey was conducted by the vendor. Processing this data resulted in 30 gold and
VMS targets being outlined, which will be a priority to evaluate for a drilling program anticipated for January 2019.
In addition, a gold occurrence known as the Belgold Zone was found on the current property in the 1940s and is a
subject of being relocated and prospected.
DIXIE SOUTH EAST (“DSE”)
Highlights:
• Strategic, contiguous to Great Bear’s Dixie Lake southern property boundary. Connect claims from the
Company’s Dixie Halo property to the SD property.
• The western portion and extension of a significant Mobile Metal Ion (MMI™) geochemical gold anomaly
indicated on the Dixie Halo property, trends onto the Halo Connector Property.
• The Dixie Connector property covers a historic Teck drill hole (Hole P-8, Assessment File: 52K13SE0007)
which returned 0.32 g/t u, 38.0 g/t Ag, 550 ppm Cu and 2.12 % Zn over 0.3 meters from a depth of 80.0
meters.
Both Dixie South and Dixie South East have excellent logistics and are traversed by logging roads. Overburden
cover is extensive, but topography is subtle, suitable for ground geophysics and MMI™ geochemistry.
The gold occurrences of Great Bear occur between 0.5 and 1.5 km of the boundary with Dixie South (technical
report by C.Lee of SRK Consulting, 2004). On the Great Bear ground the occurrences of gold occur along a 1 km
strike length and across a corridor at least 0.5 km wide. The host rocks are varied, iron form ation, mafic volcanic
rocks and silicified argillite. All these units can be traced around a fold hinge with the southwest limb of this
structure laying within the Dixie South property. An iron formation marker unit can be traced from the Great Bear
property into Dixie South.
The technical contents of this release were approved by Douglas Hunter, PGeo, a qualified person as defined by
National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Mr.
Hunter has not verified the technical data disclosed in this release due to the historic nature of reports quoted.
*Note grab samples are selected samples and are not necessarily representative of the mineralization hosted on
the property.
About BTU Metals Corp
BTU Metals is a Canadian -based junior exploration company focused on highly prospective gold properties in
Ontario’s Red Lake and Dryden districts and in Galway, Ireland. For more information on BTU Metals Corp. please
visit our website located at www.btumetals.com.
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s
current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned
that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause
future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as
required under applicable securities legislation, the Company does not assume any ob ligation to update or revise them to reflect new
events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements
and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).