VANCOUVER, BC / ACCESSWIRE / April 3, 2019 / BTU METALS CORP. (“BTU” or the “Company”) (BTU-TSX:V) announces it has commissioned Zen Geomap Inc to conduct a low-altitude, high resolution drone magnetic survey of its Dixie Halo properties contiguous to Great Bear Resources in Red Lake, Ontario.
The survey is expected to include over 80 flights, covering a grid of 827 line kilometres. In addition to high-resolution magnetics, the survey will include 20 flights for the purpose of air photo mapping. Data will be processed and mapped with the objective of honing the drill targets on the Company’s current six identified areas of focus, particularly around the northern border of the BTU property. The drone survey will also investigate a large part of the minimally explored areas of the 12,963 hectare property to investigate further areas of interest and supplement targets. The survey is planned to begin within the next two weeks and take approximately two weeks to complete.
Doug Hunter, P.Geo and BTU VP, Exploration commented, “High-resolution was a critical tool for neighboring Great Bear Resources in identifying D2 folds and gold-bearing structures. The survey will be flown very close to the ground and we greatly anticipate the three-dimensional image output to assist in identify potential gold-bearing structures on the BTU land”.
The Company would like to acknowledge the significant support and assistance of the team at the MNDM in Red Lake. They have been extremely helpful as the company ramps up its 2019 exploration program.
Figure 1: High Grade Hole DHZ14 Drill plan map over colour mag 1VD data. BTU Metal’s property surrounding that of Great Bear resources is shown in black outline.
To view reports and maps of the Dixie Halo Project please visit https://www.btumetals.com. The drill hole intersection reported on the property location map is not on the Company’s Dixie Halo Property. Mineralization that may be hosted on adjacent properties is not representative of mineralization that is, or may be, hosted on the Company’s Dixie Halo Property.
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, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
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 information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and 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).
SOURCE: BTU METALS CORP.
View source version on accesswire.com: