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BTU Metals Corp.
Summary
| Project: | Dixie Halo | |
|---|---|---|
| Deposit: | Dixie Halo | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-10-2019: BTU Metals Corp. announces an Exploration/Drilling Update report for its Dixie Halo deposit at the Dixie Halo project. Drilling results incl. 0.5m @ 1.8g/t Au. October 15th , 2019, Vancouver, BC, Canada – BTU Metals Corp. (“BTU” or the “Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doug Hunter (Not stated) | |
| ABSTRACT: | October 15th , 2019, Vancouver, BC, Canada – BTU Metals Corp. (“BTU” or the “Company”) (BTU-TSX:V) is pleased to provide the following update on its ongoing exploration activities at its Dixie Halo project located in Red Lake, Ontario. As drilling continues at Dixie Halo (currently preparing for hole 14), assays for the first 10 set-ups have been received. The Company is very encouraged with the intersecting of anomalous gold, up to 1.8 g/t over .5 meters, in numerous holes at this early stage of exploration on the 12,963 hectare Dixie Halo project. A very significant result of the current drilling program, notably holes 8, 9 and 10, is the confirmation that the sequence of rocks associated with the “LP Fault” does come through the Dixie Halo claims. The LP Fault Zone is a property scale contact between mafic - felsic volcanic contact and was named as such by Great Bear Resources (GBR). It hosts the highly prospective gold bearing rocks targeted by neighboring GBR and has now been identified underlying a 1.6 km section of BTU’s property near its north boundary. The BTU drill holes in this area, designed to test the southeastern strike extent of the LP Fault, encountered thick sections of sulphide mineralized and altered volcanic sedimentary rock. The intensity of quartz veining and silicification with conspicuous fine grained, arsenopyrite increasing towards the contact with mafic volcanic rocks. | |
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