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BTU Metals says till sample results show prospective ‘LP-fault' geology at its Dixie Halo property in Ontario

Published: 11:00 24 Nov 2020 EST

BTU Metals Corp. -
BTU Metals says it is beginning to zero in on additional promising target areas at Dixie Halo

BTU Metals Corp (CVE:BTU) (OTCMKTS:BTUMF) announced an exploration update that included new results from the 2020 till sampling program at its Dixie Halo property in the Red Lake district of Ontario, which the company says indicate highly-prospective geology that, in many respects, mirror the ‘LP-fault' sequence of the Dixie Project owned by neighbouring Great Bear Resources Ltd (CVE:GBR).  

BTU Metals also reported the discovery of a new prospective western gold zone, which it says is supported by both till results and grab samples. The company noted that gold-in-till results continue coming in from across the SW-NE geological and structural trend, most of which are concentrated along an 8 km x 5 km area, with increased sample density beginning to allow for vectoring towards bedrock drill targets.    

BTU Metals CEO Paul Wood said in statement: "Our till results continue to impress, and as we increase the density and coverage of our sampling we are beginning to zero in on additional promising target areas, and we are discovering new prospective areas on our very large property. Drilling is ongoing and we are on track for reaching 2000 metres in our fall drill program."

READ: BTU Metals identifies several new high-priority gold targets on its Dixie Halo property in Red Lake

The company said seven drill holes have been completed so far this fall with depths ranging from 100 metres (m) to 250 m, and it is expected that an additional seven more holes focusing on the "gold in till" zone will be drilled before a planned mid-December break. It added that drilling will resume in early January. 

BTU Metals reported that further samples from the 2020 till sampling program are being processed will be announced in due course. It also said several tens of line km of new grids are being established and drilling and geophysical surveys are ongoing.

BTU Metals noted that promising till results have been obtained far to the south-west of the property where a distinct finger of greenstone terrane occurs. 

Dixie Halo is a 200-square-kilometre property adjacent to the high-grade Dixie gold project owned by Great Bear Resources. A geological report commissioned by BTU Metals confirmed that the prolific LP Fault that runs through Dixie extends toward the northeast corner of the main block of the Dixie Halo property.

Contact Sean at sean@proactiveinvestors.com

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on 11/4/22