New Litho-Structural Report Identifies Numerous New GOLD Exploration Targets ON BTU Red Lake Project
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
NEW LITHO-STRUCTURAL REPORT IDENTIFIES NUMEROUS NEW GOLD
EXPLORATION TARGETS ON BTU RED LAKE PROJECT
October 20, 2020, Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU-TSX:V
and OTC:BTUMF) has received its recently commissioned litho-structural interpretation report that focused on
the evaluation of the current database for the Company’s Dixie Halo property which included the publicly
available data for the adjacent Great Bear Resources Ltd. (“Great Bear”) Dixie property.
The Company commissioned AussieCan Geoscience Inc. (AGI) and Geokincern Ltd. to undertake the study as
part of the Company’s ongoing drive to vector in on priority gold exploration drill targets on its 200 square
kilometre Red Lake area property. The Company is in the process of integrating these new data layers with the
various new exploration data developed by the Company. More updates on this work and the implications of this
new interpretive dataset will be forthcoming.
The Company is part way through completing its recently commenced, significant core drilling program designed
to evaluate numerous high priority targets identified through its ongoing exploration efforts. The Company
expects to complete at least 2000 metres of drilling in this program this year and plans to continue drilling
operations in January 2021 and onward into Spring. The Company is continuing to carry out exploration
programs that include till sampling, geological mapping, and prospecting, in addition to the core drilling program.
Highlights and key conclusions of the report:
• rock packages in the area of the study have undergone complex poly-deformation resulting from at least
four phases of folding,
• major shear/fault zones trend N-S, WNW, and ENE. These major shear structures are often in contact
with or proximal to plutonic rocks and are implicitly linked to folding, providing a good mechanism for
fluid migration and the formation of mesothermal-type gold deposits.
• a sequence of felsic volcanic rocks has been correlated across the area providing a potential target unit
that may be prospective for gold and/or VMS mineralization (Gold mineralization discovered by Great
Bear in the area of the LP Fault is located in, or proximal to, a felsic volcanic package of rocks),
• numerous target areas were identified for follow-up based on the interpreted structural and lithological
characteristics and independent geological observations. Fourteen target areas were identified, nearly half
of which were categorized as ‘top priority’ targets.
Paul Wood, CEO of BTU Metals, said, “Given the size of our land package and the commensurate opportunity,
we have commissioned several advanced technical reports utilizing various established processes and
perspectives. Together these new interpretive findings, in addition to our ongoing field work, have enabled us to
identify and isolate 14 new targets, many of which we deemed to be top priority targets. These efforts have
provided us with new insights and increase our confidence in our ability to achieve significant results.”
Litho-stratigraphic Review Summary
The review was designed to provide a better understanding of the overall litho-structural context of the area and
the potential for gold and volcanic massive sulphide (“VMS”) mineralization within the property.
The database for the review includes the Company's database including recent drilling campaigns as well as the
publicly available data for the area of influence, which included all of the property of the Company as well as the
adjacent Dixie property of Great Bear.
The report provides an updated interpretation of fold and fault structures across the area of interest.
The report provides recommendations for further investigation for numerous areas on the property.
The report confirms that the LP Fault trends east-southeast toward the area near the northeast corner of the main
block of the Dixie-Halo property.
The report also identified the presence of a prominent structural corridor extending throughout the main block of
the Dixie Halo property in an east-northeast direction and trends generally parallel to the northern limit of the
large granitic intrusion in the southern part of the Dixie Halo property. This large-scale shear changes character to
the east and presents as numerous northeast trending, en echelon shears approximately axial planar to what appear
to be isoclinal D2 folds.
Several east dipping major faults were interpreted in the eastern part of the area including in the area of the TNT
portion of the Dixie Halo property. These structures appear to rotate more easterly as they trend farther to the
north and may merge with the southeasterly extension of the LP structure from the Great Bear property.
The litho-structural interpretation study of the Company’s Dixie Halo property was undertaken to provide a better
understanding of the structural context for gold mineralization in the area including on the adjacent Great Bear
project as well as to assist future exploration efforts by identifying priority target areas warranting more detailed
follow-up. The studies were undertaken as part of the Company’s efforts to develop and refine priority gold
exploration drill targets for testing in the Company’s current core drilling program.
The litho-structural interpretations are based on detailed analysis of available airborne geophysical datasets
supplemented with outcrop, geological mapping and drill hole datasets, where available, to constrain the
interpretation of the magnetics that were then used to derive a new geological understanding of the Dixie Halo
project as well as much of the adjacent Great Bear Dixie property.
Public datasets over the adjoining Great Bear Dixie Property were also analyzed and compared to information on
the BTU land position, thereby helping to further refine interpretations and outline priority target areas.
Figure 1: Distribution of F2 (blue) and F3 (red) folds interpreted across the study area
Figure 2: Example of the strong deformation seen in outcrop on the Dixie Halo property
About BTU Metals
The Company is pursuing both high-grade gold targets and copper-dominant massive sulfide targets on its 200
square kilometre property that shares a 35 kilometre property boundary with GBR and wraps around a significant
portion of the eastern part of the GBR Dixie property. The property is 25 kilometres southeast of Red Lake,
Ontario in an area with excellent access and well-developed infrastructure. In addition to the Litho-structural
interpretation work, roughly one-third of the property area has also been analyzed using the Windfall Geotek
Artificial Intelligence (“AI”) proprietary system. That initial work resulted in 35 high priority potential gold
exploration target areas being identified for follow-up.
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.
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.
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).