BTU Drilling Update
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU DRILLING UPDATE
May 10, 2022 Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU-
TSX:V; BTUMF-OTC) today announces the completion of drilling of four holes (Figure 1), totalling
1299 metres, in an area immediately south of the Kinross Dixie-BTU border and adjacent to Dixie
Creek, which trends northwest from the drilling area towards the LP fault mineralization approximately
2 km away. The holes are targeting an interpreted structure which forms a series of breaks in
geophysical features extending toward the LP fault and following the trend of Dixie Creek.
Paul Wood, BTU CEO, commented, “The most recent holes drilled adjacent to Dixie Creek
continue to provide further geological data in a completely overburden covered area. We know
that splays off of gold-bearing fault structures in greenstone belts can contain significant gold
deposits. We have seen strong alteration and areas with pyrite and arsenopyrite and await assays
from the four recent holes. While we await results from the lab our geological team is reviewing
our expanding database and prioritizing the next targets on our very large property.”
Figure 1: Collars and traces of the four recently completed drill holes, just south of the Kinross-BTU Metals border, and adjacent to Dixie
Creek. The base maps show topography and the second vertical derivative of magnetics.
Drill core from the four holes is currently being logged and sampled in Red Lake. Logging and sampling
will be completed in the next two weeks.
Geology of Tooth Holes
The rocks encountered in the drill program that have been logged to date range from metasediments in
the north, into mafic to intermediate volcanics, and back to metasediments to the south. Strong to
moderate shearing is ubiquitous. Quartz, quartz-carbonate, and calcite veins, veinlets and stringers are
also ubiquitous, ranging from a few percent in most units and up to 25% in areas of stockwork veining.
Alteration is variable, with many units exhibiting moderate to strong alteration. Alteration types
observed include sericite, silicification, carbonate, chlorite, and biotite. Pyrite is the dominant
mineralization seen in the drill holes, minor chalcopyrite also occurs in all holes, and minor arsenopyrite
was noted in some holes.
Pakwash Drill Program
Four holes were drilled on the ice on Pakwash Lake in February, to test three separate geophysical
targets (see BTU press release from February 9, 2022). Core from the holes has been logged and
sampled. Assays results are pending for all holes. This drill program was partially funded by the Ontario
Junior Exploration Program.
Figure 2: Drill holes PN-1, PN-1A, PN-2, PN-3 and PN-4 were drilled on the ice in February of 2022.
Fall 2021 Drill Program
Ten holes, totalling 1717 metres, were drilled in widely spaced holes in the Rose Lake, Hiewall Lake,
and Tooth areas of the property. Hole 76 had the highest assay result of 682 ppb Au over 0.5 metres
(41.3 to 41.8 m). Hole 76 had several other notable intercepts, including: 270 ppb Au (94-95 m); 184
ppb Au (95-96 m); 223 ppb Au (96-96.9 m); 448 ppb Au (113.85-114.3 m); and 166 ppb Au (146.75-
148.05 m).
Table 1: Hole locations and highest assay result from each drill hole from the Fall 2021 drill program
Hole East North Max Gold (ppb)
BTU-21-67 453613 5628815 91
BTU-21-68 453810 5629194 144
BTU-21-69 453578 5629444 44
BTU-21-70 452943 5628048 78
BTU-21-71 452834 5628149 273
BTU-21-72 446800 5626000 9
BTU-21-73 446800 5626000 16
BTU-21-74 445189 5626017 25
BTU-21-75 445177 5625818 84
BTU-21-76 457548 5630939 682
The holes provided useful geological information in areas which had never been drilled before and
which are largely covered with overburden.
Bruce Durham, P. Geo., a qualified person as defined by National Instrument 43-101 has reviewed and
approved the technical information in this press release.
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andreas Curkovic, Investor Relations
Telephone 1-416-577-9927
BTU Metals Corp.
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 Venture
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 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 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).