BTU Confirms High-Grade GOLD Samples ON Irish Property
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU CONFIRMS HIGH-GRADE GOLD SAMPLES ON IRISH PROPERTY
July 27th, 2017, Vancouver, BC, Canada – BTU CAPITAL CORP. (“BTU” or the “Company”) (BTU-TSX:V)
is pleased to report the results of its recent due diligence site visit to the companies Galway Gold Property located
in County Galway, Republic of Ireland.
As part of the company due diligence program, several areas located on the Galway Property which have returned
high-grade gold values were visited and five representative grab samples were collected. Th e areas sampled
included two sites in the Lee Valley and three sites on the Dooros peninsula. Sample results are shown in the
following table:
Location Au ppm
Au g/t Ag ppm Cu ppm Pb ppm
Lee 49.6 49.6 100 967 12.30%
Lee 7.25 7.25 9.4 112 931
Dooros 0.05 - 0.5 406 182
Dooros 0.02 - 0.5 977 13
Dooros 26.3 26.3 47.4 3.73% 5
The company is targeting orogenic and low-sulphidation mineralization based on the following factors:
Location within the Caledonian (Lower Paleozoic) orogenic zone.
Favourable lithologies for metal precipitation (chemical traps) within the Dalradian Supergroup
metasediments, e.g., graphitic schist, marble.
Favourable source rocks for gold, e.g., arc volcanics and numerous cross -cutting faults, evidence for
post-collision rifting and volcanism in the Silurian/Devonian in Ireland and neighbouring terranes.
Known gold occurrences related to late cross-cutting fault structures, some of which show evidence for
near-surface boiling, e.g., Bohaun Gold occurrence.
About the Lee Occurrence
The Lee occurrence lies within P rospecting Licence 2295 and is located 10km west of the Bohaun epithermal
gold occurrence. A series of mineralized boulders were discovered by Ovoca Gold Exploration in the late 1980s.
These boulders returned values of up to 195 g/t Au and 240 g/t Ag. Deep overburden sampling outlined a 1km
long, NW trending le ad-zinc-arsenic-silver-gold anomaly. Subsequent trenching located a tectonic breccia
containing sulphides and gold values up to 12 g/t. The mineralized breccia is associated with a lamprophyre dyke
intruded along a pre-existing shear zone (Ovoca Gold Exploration PLC, 1988).
Additionally, Ovoca identified a second separate hydrothermal system on PL2295. In this system, gold values
are associated with quartz porphyry intrusions in Dalradian rocks. Outcrop sampling of an exposed fault system
yielded gold va lues between 3 and 5 g/t Au . Float samples of comparable material assayed up to 24.5 g/t Au
(Ovoca Gold Exploration PLC, 1987).
About the Dooros Occurrence
The Dooros occurrence lies within Prospecting Licence 3145 and gold is reported from massive pyrrhotite
mineralization hosted in an amphibolite unit. An historical sample taken from this area assayed by Anglo United
Development Ltd. returned 1.3 g/t Au. Ennex reported the discovery of a 3000’ long zone containing anomalous
gold values. Trenching has identified seven bedrock copper -gold occurrences, with the best historical showing
having a strike length of 120’ averaging 1.1% copper and 0.20 ounces gold per short ton. Historical trench
samples include:
1.7 metres of 11.2 g/t Au
1.2 metres of 7.12 g/t Au
2.7 metres of 12.6 g/t Au
4.2 metres of 6.2 g/t Au
(Source - Irish Base Metals / Aquatine Mining Data).
Five of the occurrences were tested by drilling and all holes intersected mineralization including 15.0 feet of 0.17
ounces gold per short ton (Aurum Mineral Resources Limited 2009, Exploration Work Report PL3145).
The five grab samples collected by BTU were assayed by ALS Minerals Laboratories located in Loughrea, Co.
Galway Ireland, ALS Loughrea is an accredited laboratory. All samples underwent a 33 element four acid ICP-
AES analysis.
Michael England, President of BTU Capital Corp. states: “The continued delivery of high grade gold samples is
fully consistent with our interpretation of the Galway Project and strengthens our intention to carry out an
aggressive work program which will begin in September of 2017 . The work program will include ground
geophysics, geological sampling and mapping, and trenching.
Derrick Strickland, P. Geo, a director of BTU, is a qualified person as defined by National Instrument 43-101 and
is responsible for reviewing and approving the technical contents of this press release.
ON BEHALF OF THE BOARD
“Michael England”
Michael England, President, 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 obligation 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).