BTU Exploration Update
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU EXPLORATION UPDATE
August 27, 2021 Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU -
TSX:V; BTUMF -OTC PINK) announces assay results from the most recent ten drill holes covering
3086.5 meters have been received. This program was focused on the northeast portion of the Dixie Halo
property in the general area of the southeast extension of the stratigraphic units that host the LP fault gold
mineralization on the adjacent Great Bear Resources (Great Bear) Dixie project . While all ten holes
intersected anomalous gold, assays were not significant. It should be noted that the anomalous values are
located in association with alteration and sulphide mineralization that includes pyrite, arsenopyrite and
pyrrhotite. These 10 drill holes were widely spaced in areas of little to no o utcrop and they provide
important geological information and there remains good potential to find higher gold values in the areas
where anomalous up to over 1 gram per tonne gold were intersected. For more detailed drill hole data
please visit the BTU website at www.btumetals.com/2021drillresults.
Numerous new drill targets have been identified in the west and central portions of the property where the
company has undertaken no drilling and there is very little historical drilling (Figure 1).
Figure 1: Geology of the Dixie Lake area with BTU drill holes, historic drill holes, and GBR LP Fault drill holes
The area south of Hiewall Lake is geologically characterized by the contact between felsic volcanic rocks
and clastic metasediments, similar to the geological setting of the LP Fault system of gold mineralization.
The gold-in-till results in the area, and ‘down-ice’ of the area, contain high counts of gold grains and high
proportions of pristine gold grains . Initial stripping and prospecting in the area has revealed some
gossanous areas mineralized with sulphides (Figure 2). Grid lines were established and ongoing Induced
Polarization surveys conducted in the area have identified targets that will be tested in the upcoming drill
campaign.
Figure 2: Aerial view of one of the gossanous areas south of Hiewall Lake. Note the people for scale on the left of the photo. The reddish-
brown gossan is a result of oxidizing sulphides.
TNT Area
BTU awaits results of hole BTU -21-66 in the TNT target area (see PR dated June 1, 2021) . Minor
sphalerite and chalcopyrite mineralization was intersected supporting a possible VMS (“Volcanogenic
Massive Sulphide”) thesis and the possibility that more abundant copper and zinc sulphides may be present
nearby. Large VMS type targets have been identified to the northeast and these priority drill targets remain
untested.
The Company is pleased to announce the discovery of numerous mineralized outcrops in the TNT area of
BTU’s prominent land position in Red Lake , on the Pakwash North property. The strongest geophysical
targets from the TNT geochemical/geophysical study are on the recently acquired Pakwash North
property. Pakwash North has been the subject of much focus for the summer field program and has now
yielded outcrops with quartz veining and sulphides (e.g. Figure 3) . These outcrops have been mapped ,
sampled and sent for assay which will assist in determining orientation and dip to the siz eable, nearby
geophysical target identified in late winter of this year (see PR dated May 11, 2021). The Company expects
to drill test this laterally extensive and strongly conductive and chargeable feature for its base metal and
gold potential as soon as the logistics for this drilling are resolved.
Paul Wood, BTU CEO stated, “Although we have not yet seen the higher gold values that we had hoped
for, our confidence grows that we are defining the best targets for success. In addition to refining our
targets at Dixie Halo, we look forward to resuming drilling at new gold targets as well as our newer
Pakwash North property which is looking very encouraging.”
With the suspension of drilling activities in the Red Lake area lifted, BTU is now working with contractors
to ascertain scheduling for follow-up drilling and looks forward to updating shareholders as the program
gets underway.
Red Lake Activities
The Red Lake mining area is extremely busy with the highlights being the purchase of the Newmont
Mining assets in the camp by Evolution Mining, their recent purchase of Battle North Gold Corporation,
the progression of several local properties toward commercial production, as well as the establishment of
the gold discoveries of Great Bear as significant new areas and styles of gold mineralization that have the
potential to rewrite the geology of this high -grade gold camp that has already produced more than 28
million ounces of gold. The area where Great Bear has been busy outlining strong gold mineralization on
the Dixie property which is close to the BTU Dixie Halo property in an area that was historically under -
explored and poorly understood largely due to the extensive overburden cover. As exploration by Great
Bear and others progresses in the area, and the geology a s well as controls on gold mineralization are
better understood, new gold discoveries will almost certainly be outlined. Great Bear continues to define
gold mineralization along the LP Fault as they prepare for upcoming resource evaluation work which
clearly makes the Dixie area a focus for gold exploration in Ontario. BTU is the largest landholder in the
immediate area of the Great Bear discoveries.
COVID-19
The Company’s exploration work at its Red Lake, Ontario projects remains largely on schedule with no
major disruption due to the COVID-19 government guidelines. The Company continues to monitor this
situation, continues to be careful to conduct all work in compliance with COVID-19 guidelines, and will
adjust its activities and timelines as deemed appropriate.
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).