BTU Intersects Copper GOLD Silver Mineralization over Core Length of 44.3 Metres at Tnt
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU INTERSECTS COPPER GOLD SILVER MINERALIZATION OVER CORE
LENGTH OF 44.3 METRES AT TNT
December 16th, 2019, Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU -
TSX:V) announces the drill core assay results from the new TNT target that could potentially host gold enriched
volcanogenic massive sulphide (“VMS”) mineralization. Hole 13, the polymetallic discovery hole, intersected
mineralogy, alteration, and mineralization consistent with the footwall (stockwork) of a VMS system. Polymetallic
mineralization was encountered at above background levels intermittently throughout the hole, however the grade
and continuity of mineralization was markedly improved beginning at about 280 metres down hole (200 m vertical)
and continued to the end of the hole.
Highlights:
TNT
▪ Highlight assays from discovery hole 13 include:
o 44.3m of 1.14% Cu equivalent mineralization, including 30 m of 1.46% CuEq which contains 9.9 m of
2.05% CuEq and a separate interval of 7.2 m of 2.02% CuEq
o Best copper and silver values came from a 1.2 m sample (313.2 – 314.4 m) which assayed 5.56% Cu,
99.6 g/t Ag, and 0.487 g/t Au (6.83% CuEq)
o Best gold value came from a 0.8 m sample (339.35 – 340.15 m) which assayed 2 g/t Au, 26.9 g/t Ag,
and 0.72% Cu (2.43% CuEq)
▪ Drill holes 19-22 in the TNT zone complete and being processed for assay
▪ Drill holes 23-24 to be complete pre-Christmas
▪ On recently acquired Dixie Halo East-Extension ground, exploration planned once work permits are received
Dixie Creek
▪ SGH samples currently at Actlabs for processing
▪ Interpretation and further drill target selection on the mafic-felsic contact (LP Fault) to follow
▪ Additional line cutting underway and additional Induced Polarization and ground magnetic surveying planned
Table 1: BTU-19-13 assay results
Drill Hole From To Thickness Au Ag Cu CuEq
(m) (m) (m) (g/t) (g/t) (%) (%)
BTU-19-13 279.55 280.55 1.00 0.210 30.40 1.35 1.78
299.70 344.00 44.30 0.161 17.77 0.86 1.14
including 313.20 343.20 30.00 0.209 22.44 1.10 1.46
including 313.20 323.10 9.90 0.243 30.22 1.59 2.05
including 313.20 314.40 1.20 0.487 99.60 5.56 6.83
including 336.00 343.20 7.20 0.425 30.67 1.43 2.02
including 339.35 340.15 0.80 2.010 26.90 0.72 2.43
354.30 365.00 10.70 0.334 7.24 0.31 0.62
Metal equivalency based on US$2.70/lb Cu, US$1350/oz Au, and US$17/oz Ag; noting that no adjustments were
made in the metal equivalency calculation for metal recovery, as this is still an early stage project.
Table 2: Drill hole collar information
Drill Hole Azimuth (°) Dip (°) UTM E (m) UTM N (m)
BTU-19-12 274 -42.2 462985 5628489
BTU-19-13 90 -46.5 462970 5628489
Drilling is ongoing to further explore the TNT target to the east and south of the location of hole 13, the polymetallic
discovery hole. The Company has begun undertaking work planned to define the full scope of the TNT chargeability
target and understands the footprint of the target to be at least 1000 metres north -south and between 200 and 500
metres east-west as defined by IP chargeability and resistivity survey data (Figure 2). The target remains open both
to the north and to the south.
BTU CEO Paul Wo od commented; “We are extremely pleased to announce the first assays from our new TNT
target Cu-Au-Ag discovery. New VMS-type discoveries are very rare these days and our geological team found the
TNT mineralization with the first diamond drilling completed on the target. It has to be emphasized that the very
large TNT target, potentially a VMS system, is different from what has traditionally been seen in Red Lake,
including what’s elsewhere on BTU properties. A potential base meta l, polymetallic system, in a mining friendly
jurisdiction, close to infrastructure with year-round access is very exciting. In the past few weeks, BTU’s work on
the TNT target has included additional airborne and ground geophysical surveying, induced polar ization and
horizontal loop electromagnetic surveying as well as soil geochemical surveys. Drilling continues and more results
will be released as they become available. We also look forward to providing updates on the Dixie Creek target
once SGH assay res ults are returned to further pursue the high grade gold targets contiguous to Great Bear
Resources.”
At TNT, drill hole 13 was drilled as a result of certain geology seen in hole 12 and on what is now interpreted to be
the western extremity of the TNT target. Hole 12 results, while not particularly high , were significant in the
determination of the location and direction of the location of hole 13. This area is marginal to the strongest part of
Figure 1: Overview of BTU Metals Dixie Halo Property
the chargeability feature and a low resistivity feature. Results of the recently completed VTEM survey show the
TNT Target extending as a conductive feature beginning to the south of hole 13 and this zone of higher conductivity
is interpreted to be related to a higher sulphide concentration, possibly gold enriched volcanogenic massive sulphide
(“VMS”) style mineralization. The initial drilling completed on the new polymetallic TNT Target was completed
to the north of the conductive part of the VTEM target. The data from the VTEM survey also indicate the presence
of a large ‘airborne IP effect’ anomaly extending for several hundred metres north of the location of hole 13.
Holes 19 and 20 were drilled to the East of hole 13 while recently completed holes 21 and 22 were drilled
approximately 800 metres to the south of where 13,19 and 20 were drilled. Split core samples from holes 19 and 20
are currently at the laboratory for analysis. Bedrock in the entire area of the interpreted TNT target is overlain with
overburden and no drilling is reported on the area currently covered by the new geophysical surveys. Strong
alteration and significant pyrite as well as some chalcopyrite was found in each location drilled to date. Minor
amounts of galena, sphalerite and molybdenite were also noted in some of the holes.
Figure 2: IP Anomaly Map of the TNT Target Area shows the current limits of the IP surveying and the extent of the interpreted TNT target
The Company has applied for additio nal work permits in the area on the recently acquired ground and intends to
expand its geophysical survey limits both on the ground and in the air in the coming winter months.
Rock types intersected in the drilling to date include highly altered and bleached basalt, rhyodacite tuffs and flows
as well as felsic and mafic intrusive bodies. Mineralization intersected in the holes completed to date is comprised
of strong disseminated pyrite with scattered disseminated to occasional stringer chalcopyrite.
To view pictures of holes 12 and 13 core please visit the Company’s website here: www.btumetals.com/core. Note:
core pi ctures are for general interest only and are selected samples. The pictures should not be considered to
represent the entire mineralized interval.
QA/QC
BTU staff collect and process samples that are securely sealed and shipped to Activation Laboratories Ltd.
(ActLabs) in Dryden, Ontario for sample preparation that includes drying, crushing until 80% passes a 2 mm
sieve, then riffle splitting (250 g) and pulverizing (mild steel) to 95% passing 105 µm. The resulting pulps are
analysed for gold by fire assay in Dryden, and for base metals by a multi-element aqua regia ICP-OES technique
in Thunder Bay. All assay data have undergone internal validation of QAQC; noting there is an established
sampling control program with blind insertion of assay blanks, certified industry standards and sample duplicates.
A QAQC program is also in place at Actlabs and includes insertion of blanks, standards, and duplicate reanalysis
of selected samples. ActLabs is a Canadian assay laboratory and is accredited under ISO/IEC 17025 and ISO
9001. Overlimit protocols are in place for gold, silver, and copper.
Intervals in this release are drilled intervals. True widths could not be determined at this early stage of the discovery.
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
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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 qua lified by these cautionary statements and by
those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).