BTU Metals Corp.

Highlights Initial AI data analysis completed on 67 square kilometres of the Dixie Halo property yield 35 new high priority gold target areas that warrant follow-up evaluation Property covers nearly 200 square kilometres and is largely overburden covered and only sparsely explored in most areas to date. Additional data processing and AI investigations are continuing for the areas not yet completed Site visits are underway [...]

Highlights BTU hole 42 at TNT encountered a conductive zone of sulphide mineralization over 300+ meters including pyrite and intermittent disseminated chalcopyrite , no visual massive sulfides. BTU engages industry leading Volcanogenic Massive Sulphide deposit expert Prof. Harold Gibson to evaluate the potential of the TNT area. Drilling in the TNT area is now paused and will resume subsequent to the review and his [...]

BTU Metals is pleased to announce that further to its press releases dated June 8th, 2020 the Company has closed the non-brokered private placement. The Company issued 2.6 million common share units at a price of $0.20 per Unit for aggregate gross proceeds of $520,000. Each Unit consists of one common share and one-half warrant. Each full warrant entitles the subscriber to purchase one common share of the Company at a [...]

BTU Metals announces it has arranged a non-brokered private placement, subject to the approval of the TSX Venture Exchange, for aggregate gross proceeds of $520,000. The fully subscribed placement will consist of 2.6 million Units comprised of one common share and one -half transferable Share purchase warrant of the Company. Each full Warrant will entitle the Subscriber to purchase one Warrant Share for a 36-month period [...]

BTU Metals announces that drilling has now commenced on targets in the TNT area of the Dixie Halo project. As discussed in a previous release various Time Domain Electromagnetic targets outlined in the two phases of recent TDEM survey work will be drill tested, with the first hole designed to intersect a conductive target at a depth of at least 500m as the interpreted top of the conductive body is thought to be at a depth [...]

BTU Metals has re-mobilized its drill crew to the TNT target area on its Dixie Halo property, 25km southeast of Red Lake, Ontario. Additional exploration field operations are re-commencing as the Company explores for gold across its 200km2 property that shares a >35km common boundary with Great Bear Resources Ltd.. BTU is beginning the next phase of drilling operations at its TNT target area where the Company is actively [...]

BTU Metals announced today that it has utilized Small Cap Power to record a brief video update to provide enhanced understanding of its exploration activities. BTU continues to work with data from the recently completed down-hole probe and IP programs to prioritize drill targets for the program set to commence May 16th, 2020. The video may be accessed on our YouTube page and by clicking here [...]

Defines New Priority VMS Style Copper Targets at TNT Area Gold Assay Results Pending from Great Bear-Dixie Boundary Area BTU Metals Corp. provides the following update on exploration activities and progress at its Red Lake Ontario projects. The Company's exploration work remains largely on schedule with no major disruption due to the COVID-19 government guidelines. The Company continues to monitor this evolving situation [...]

Till Sampling Returns up to 120 Gold Grains Drill Program Assays Pending More Drilling at TNT to Test New Targets Highlights: Dixie Creek Gold Target Highest recorded regional till sample found to contain 120 gold grains at Dixie Halo Widespread evidence for gold mineralization along BTU SW-NE structural trend as seen in till samples, in-situ rock samples, SGH Seven drill holes now complete at Dixie Creek and other gold [...]

Key developments: New drilling at TNT intersects Volcanogenic Massive Sulphide style mineralization with continuity now shown over a dip length of roughly 300 metres from surface and drill hole BTU-20-25 results indicate metal grades are higher and increase at depth Assay results include 2.27% CuEq* over 7.80 m within a very broad zone assaying 0.40% CuEq* over a core length of 147.0 m Downhole time domain geophysics and [...]