Field Update – Drilling Underway at Dixie Halo, Red Lake, Ontario
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
FIELD UPDATE – DRILLING UNDERWAY AT DIXIE HALO, RED LAKE,
ONTARIO
July 23, 2019, Vancouver, BC, Canada – BTU Metals Corp. (“BTU” or the “Company”) (BTU-TSX:V) announces
that core drilling is underway at the Company’s Dixie Halo properties (“DH”), contiguous to the Great Bear
Resources Ltd. (“GBR”) Dixie Project near Red Lake Ontario. The Company also announces that other exploration
initiatives including additional geophysical surveying are underway. The Company currently plans to complete a
minimum of 2,500 meters of core drilling in phase one of the initial program. Mineralized intervals from the first
hole are being logged and processed for analysis and drilling is ongoing.
The DH property has been assembled by the Company over the past year and now constitutes an extensive portfolio
of relatively unexplored explora tion property that covers approximately 13,000 hectares. The properties include
long mutual property boundar y areas with GBR (Figure 1). Most of the properties are covered with a thin to
moderate blanket of glacial debris that has historically hampered early stage prospecting methods except where rare
rock outcroppings were located. This layer of overburden also means that no comprehensive gold exploration
program has ever been undertaken on the DH property. Given the recent significant gold discoveries and gold zone
definition work completed by GBR over the past year, it is becoming very evident the entire area, including the DH
property now warrants a comprehensive and methodical exploration effort that will last for several years.
Figure 1 – Dixie Halo Project Location & Geophysics
Historic exploration efforts that did involve core drilling on the areas covered by the DH property were primarily
focused on exploration for areas containing base metal mineralization and consequently exploration was focused
on different areas of the current DH property than would typically be the focus of gold exploration efforts. In that
regard however, work by the BTU technical team has identified geological environment s in some of these base
metals focused core drilling programs that identified alteration and mineralization similar in many aspects to those
recently identified by GBR at their Bear -Rimini and Yuma gold discoveries. The Bear -Rimini/Yuma gold
discoveries are located within 3km of the common boundary of the GBR Dixie and DH boundary and the Great
Bear Hinge zone is 1.5km from the DH boundary.
“We continue to outline areas on the Dixie Halo property with very similar geological environments to th ose
associated with the recently announced gold discoveries called Bear Rimini and Yuma by Great Bear Resources on
the adjacent Dixie Lake property . Our team reports that quartz veins containing sulphides and some intervals of
quartz sericite schist containing variable pyrite were intersected in the first hole.” stated Doug Hunter, VP
Exploration of BTU.
BTU’s technical team has identified numerous gold exploration target areas via analysis of historic airborne and
ground databases in conjunction with information from ongoing geophysical surveys and prospecting work. New
mineralized zones prospective for the accumulation of significant gold mineralization have been identified in mafic
to ultramafic rocks as well as in association with pyritic sediments, iron formation and felsic tuff and felsic intrusive
units. The ongoing efforts of the Company has resulted in the definition of numerous high priority targets being
selected for drilling during phase one of the current drill program.
The first target drill tested in this first phase drill program was defined as a short strike length airborne
electromagnetic conductive zone as well as a chargeability target using induced polarization surveying. The target
is located approximately 2.5 km to the southeast of the Hinge zone drilling of Great Bear Resources Ltd. and 1km
to the south of the GBR-DH common boundary.
The technical contents of this release were approved by Mr. Doug Hunter, 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:
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 b eliefs 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 of the 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).