BTU Identifies High Probability GOLD Targets at Dixie Creek; Down Hole Geophysics at Tnt to Commence Shortly Key Developments
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU IDENTIFIES HIGH PROBABILITY GOLD TARGETS AT DIXIE CREEK;
DOWN HOLE GEOPHYSICS AT TNT TO COMMENCE SHORTLY
Key Developments
• The Spatiotemporal Geochemical Hydrocarbon (“SGH”) soil sampling program results indicate two distinct
zones with a high probability of indicating areas hosting gold mineralization in the Dixie Creek Target
within the relatively small area surveyed
• BTU will drill test the SGH anomalies shortly and meanwhile drilling is continuing at the TNT target
• Downhole electromagnetic (“EM”) program set to commence at TNT to target high-grade massive sulphide
lenses
February 6th, 2020, Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU-TSX:V) is
pleased to announce that results from the SGH soil sampling program have been received and the interpretive report
of the survey data indicates two gold target zones with approximate surface areas of 650,000 m2 and 140,000 m2 in
the Dixie Creek Target area. This is the same technique neighboring Great Bear Resources (“GBR”) has successfully
used to identify drill targets along the LP trend with numerous discoveries made in 2019. (For further information
on the SGH technique and results visit www.btumetals.com/sgh). Figure 1 below highlights the SGH gold
pathfinder zones and the predicted zones of gold mineralization are circled.
Bruce Durham, VP of Exploration, asserted; “Exploration under cover is always a challenge, however SGH has
proven to be a useful tool for glimpsing under the blanket of glacial till in the area, even on our neighbour’s property,
so we completed an initial limited survey as a start and the results are very encouraging. Exploration under cover is
also an opportunity to find near surface mineralization that has been missed by generations of prospectors who
would have walked right over it because it doesn’t outcrop. It is encouraging that other geological and geophysical
data support the results of our SGH program in the Dixie Creek Target area. Several drill targets have been defined
and we expect to recommence drilling in the Dix ie Creek area shortly. On the TNT target, the geological team
continues full force with drilling, cutting new lines for IP and soon we will commence downhole EM. This is a n
exciting time for our shareholders.”
TNT Update
A downhole EM program has been commissioned to target high -grade massive sulphide lenses within the
neighbourhood of the systematic grid of drill holes completed thus far in the northern section of TNT. This survey
will provide detailed 3D information that will highlight the most prospective target areas for potential massive
sulfides.
In the recently permitted southern part of TNT, additional lines are being cut, extending the TNT grid and IP surveys
on this expansive system which now has a strike of 1600 metres. Drilling is ongoing and will soon move further
towards the South. Initial drill results indicate the potential for the definition of a sizeable, near surface, polymetallic
(Cu-Au-Ag) footwall style volcanogenic massive sulphide system of mineraliza tion with a thickness of
approximately 100 metres.
Paul Wood, CEO of BTU stated; “Ground programs are advancing very quickly now on both the TNT polymetallic
potential VMS target and on the high -grade gold Dixie Creek target bordering G reat Bear Resources . The SGH
survey results have pointed us very clearly to where we should drill, and we will be mobilizing to drill the targets
in the very near future. Concurrently at TNT, drilling continues, and the downhole EM survey will be hugely
beneficial as we aim to find the potential massive sulphides.”
Figure 1: SGH Gold Pathfinder Class Map with zones of predicted gold mineralization circled, note that both the pathfinder anomalies and
the circled zones come directly from the Activation Laboratories Ltd. SGH report and have not been modified by BTU.
The technical contents of this release were approved by Mr. Bruce Durham, 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:
Andreas Curkovic, Investor Relations
+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 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 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 refl ect 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).