BTU Metals Initiates Geophysical Program at its Dixie East Property in Red Lake in Preparation for Drilling Drilling Planned for Three Ontario Gold Projects in 2026
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BTU Metals Initiates Geophysical Program at its Dixie East Property in Red Lake in Preparation for Drilling
Drilling Planned for Three Ontario Gold Projects in 2026
February 10, 2026, Vancouver, BC, Canada – BTU METALS CORP. (“BTU” or the “Company”) (BTU-TSX:V BTUMF-OTC) is
pleased to announce it is commencing grid construction and a geophysical program to identify specific drill target locations
on its recently acquired Dixie East Project located on the geological trend with, and 5 km east of the Kinross (Great Bear)
BTU Metals Dixie Halo project (being explored under an agreement with Kinross).
The Dixie East project, a large and strategically located land package east of Kinross Gold's world class Great Bear gold
deposit, covers nearly 10 kilometres of generally east-trending geology that the Company interprets, also covers a series
of generally east-trending structural corridors one or more of which may be related to the easterly extension of the deep
seated structures in the area that include the LP Fault structure that controls or hosts a significant amount of the extensive
Great Bear gold deposit. Despite the favourable location of the property, the area remains virtually unexplored for LP
Fault–style gold mineralization. Notably, no drilling has been conducted on the property for more than 25 years, and the
small amount of historical drilling was limited to primarily base-metal exploration targets near the eastern margin of the
property.
Dixie East exhibits compelling geological features similar to those found proximal to the LP fault area - including felsic
tuffs, sericite schists, quartz-feldspar porphyry units, shearing, quartz veining, and sulphide mineralization with reported
zinc and copper values, all features that closely resemble features associated with mineralization at the Great Bear gold
deposit. Kinross’s most recent public disclosures indicate that the LP Fault, the primary control on mineralization at Great
Bear, extends easterly to the current eastern boundary of the Great Bear project and the Company interprets it is possible
that the LP Fault and/or other structures continue through the Dixie East claims.
In addition to its interest in the Kinross option agreement on the Dixies Halo property and the Dixie East project, the
Company holds royalties on nearby properties located approximately 4.5 km west of Dixie East, further enhancing its
strategic exposure in the district. With initial exploration programs being planned, the Company expects to provide regular
updates as it advances a comprehensive geological model for this highly prospective and significantly underexplored gold
asset.
Paul Wood, Chief Executive Officer of BTU Metals Corp., commented, “We are pleased to begin advancing the 2026
exploration program at Dixie East, outlined on January 14th, 2026. The initiation of geophysical work at Dixie East marks a
key milestone toward refining and prioritizing drill targets on one of the Company’s most prospective assets. Dixie East is
one of three BTU properties where drilling is planned for 2026, highlighting the Company’s strong operational momentum
and continued focus on disciplined value creation.”
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Figure 1 - Regional Geology and Property Positions Great Bear Gold Area
The geological team expects to select drill targets on its Hubcap Property in Wawa, Ontario, immediately south of Red
Pine (RPX:TSX-V) this quarter with a view to selecting initial targets and contracting for a drill program for early spring of
this year.
The company is fully funded for the work programs, including drilling on both Dixie East and Hubcap. In addition, Kinross
Gold (K:TSX) has indicated to the Company that it will be re-commencing drilling on the Dixie Halo property (see January
14, 2026 press release)
“With Kinross electing to continue advancing exploration our Dixie Halo project with further drilling, and with BTU
preparing to drill at both Dixie East and Hubcap, 2026 is shaping up to potentially be a pivotal year for the Company and
our shareholders,” commented Paul Wood, CEO of BTU Metals Corp. “Our portfolio of Ontario gold projects gives
shareholders great discovery exposure in a great jurisdiction with a strong array of opportunities in this surging gold
exploration market.”
Qualified Person
Bruce Durham, P. Geo., VP Exploration of the Company, is a qualified person as defined by National Instrument 43-101
and has reviewed and approved the technical information in this press release.
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About BTU
BTU Metals Corp. is a junior mining exploration company. BTU’s primary assets are the Dixie Halo Project located in Red
Lake, Ontario (optioned to Kinross) immediately adjacent to the Kinross Great Bear Project, the Dixie East project and its
gold and critical minerals properties in the active Wawa gold district. The Company continues to look to acquire high
quality exploration projects to add to its exploration asset portfolio for the benefit of its stakeholders. The Company has
no debt and minimal property obligations.
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
BTU Metals Corp.
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
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