BTU Drill Mobilization at Dixie Halo, Red Lake, Ontario
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU DRILL MOBILIZATION AT DIXIE HALO, RED LAKE, ONTARIO
July 10, 2019, Vancouver, BC, Canada – BTU Metals Corp. (“BTU” or the “Company”) (BTU-TSX:V) announces
the commencement of its maiden drill program at the Company’s Dixie Halo Project, contiguous to Great Bear
Resources Ltd. Dixie Project in Red Lake Ontario. Mobilization of the track mounted core drill supplied by Forage
M3 Drilling Service Inc, of Hawkesbury Ontario is underway, with the drill rig now on site and drilling scheduled
to commence immediately. The Company intends to complete an estimated 2,500 meters in phase one of the
program that is being designed to test a variety of high priority gold exploration targets.
BTU’s technical team has identified numerous target areas via analysis of historic airborne and ground databases
in conjunction with information from recently completed geophysical surveys and ongoing prospecting work. New
mineralized zones prospective for the accumulation of significant gold mineralization have been identified in mafic
to ultramafic rocks as well as in association with pyritic sediments , iron formations and felsic intrusive units.
Preliminary results of the data compilation along with newly acquired data have resulted in the definition of
numerous high priority targets being selected for drilling during phase one of this summer’s drill program.
“Our findings to date demonstrate the Dixie Halo project is host to an environment very similar to that associated
with the important gold discoveries of our neighbour Great Bear Resources (GBR-TSXV) at their Hinge Zone and
Bear-Rimini Zone. We are very excited to now be in a position to test our theories and concepts with the drill. ”
stated Doug Hunter, Director and VP Exploration of BTU.
The first target to be drill tested in this first phase of drilling has been defined through historic and recent surveys
to be a short strike length airborne electromagnetic target as well as a chargeability target using induced polarization
surveying. The target is also associated with a positive magnetic feature. The target is located approximately 2.5
km to the southeast of the Hinge zone drilling of Great Bear Resources Ltd. Available records do not show any
historic drilling or sampling work within at least 1 km of the proposed location of the target.
The technical contents of this release were approved by Mr. Doug Hunter, P. Geo., a qualified person as defined by
National Instrument 43-101.
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 b eliefs and are based on assumptions made by and using information currently available to the Company. Investors are
cautioned that these forward-looking statements are neither promises nor guarantees, and they 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).