For thousands of other reports visit RSC's Mineral Intellingence Map
BTU Metals Corp.
Summary
| Project: | Dixie Halo | |
|---|---|---|
| Deposit: | TNT | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/30/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2020: BTU Metals Corp. announces an Exploration/Drilling Update report for its TNT deposit at the Dixie Halo project. Drilling results incl. 77.40m @ 0.049g/t Au, 5.82g/t Ag, 0.31% Cu from 123.50m. January 29th, 2020, Vancouver, BC, Canada – BTU META | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Durham (Not stated) | |
| ABSTRACT: | January 29th, 2020, Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU-TSX:V) is pleased to provide the following update on the Dixie Halo current work program. Widely spaced drill holes have been, and continue to be, drilled in an orderly fashion across just the northerly portion of the newly discovered TNT target (see PR dated December 6th, 2019). The initial large step-outs to the east, south and north on this early phase of drilling at TNT have been planned to create an optimally spaced grid across the target area for upcoming downhole geophysical surveying to better understand the extent of mineralization in the northern portion of the large TNT target, with the view to ultimately finding high-grade massive sulphides. The initial two step-out drill holes, BTU-19-19 and BTU-19-20, were located 165 and 355 metres east of discovery hole BTU-19-13 and perpendicular to the strike of the TNT system. Drill core assay results from these two holes have proven the large step-outs successful in identifying copper, silver and gold mineralization across the east-west span so far. BTU-19- 25 was drilled further east along the same line and visual inspection confirms that copper mineralization continues to the east. Notably, the system is still open in all directions. Mineralogy, alteration, and polymetallic mineralization consistent with footwall style mineralization in a volcanogenic massive sulphide (“VMS”) system has been intersected in both holes 19 and 20 with higher grade mineralization and continuity of mineralization in the intervals shown in Table 1 below. These two holes were drilled in a westerly direction from well to the east of the location of previously announced hole 13 and intersected the mineralization at shallower depths than the mineralization in discovery drill hole 13. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report