BTU Metals Announces Commencement of Drilling IN Red Lake Adjacent to Great BEAR Resources Ltd.
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU METALS ANNOUNCES COMMENCEMENT OF DRILLING IN RED LAKE
ADJACENT TO GREAT BEAR RESOURCES LTD.
September 29, 2020, Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company")
(TSX:V-BTU) (OTC:BTUMF) is pleased to announce the commencement of core drilling operations on
its Dixie Halo property adjacent to the Great Bear Resources Ltd Dixie property near Red lake, Ontario.
“We are excited to re-start drilling operations on our Dixie Halo property, a property that shares 35km of
boundaries with Great Bear. We have outlined a number of priority targets and have several of them ready
for drilling right now.” stated Paul Wood, CEO of BTU Metals.
Bruce Durham, VP Exploration of the Company stated, “We are focused on drilling new, potentially gold
bearing selected exploration targets on this large, 200 square kilometre property. Field work is on-going
and a number of new targets have recently been identified as we expand the footprint of our exploration
database. With drilling starting, our field staff are focussing their efforts on data gathering programs
including Induced Polarization and Till sampling to support our ongoing drill program which we expect
will continue for several months.”
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 the
situation, continues to be careful, and will adjust its activities and timelines as deemed appropriate.
BTU further announces it has granted a total of up to 2,750,000 stock options to directors, officers and
consultants of the company exercisable at a price of $0.22 per share for a period of three years from the
date of grant. The options have been granted in accordance with the company's stock option plan.
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
+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).