BTU Commences Exploration at Extensive Gold Properties Adjacent to Alamos Gold and Red Pine Exploration in the Active Wawa Gold District
BTU Metals has started exploration on its extensive gold properties in the Wawa gold area, northern Ontario. These properties are adjacent to Alamos Gold's Island Gold District and Red Pine Exploration's Wawa Gold Project. Notably, this is the first comprehensive exploration on these lands, covering over 16,048 hectares with more than 750 mining claims. The projects, including Echum, Hubcap, and Centennial, host historic gold mineralization and are close to significant infrastructure. BTU's exploration will involve line cutting, geophysics, prospecting, trenching, and channel sampling, with drilling planned based on initial results. CEO Paul Wood expressed optimism about the potential for discovering significant gold deposits, leveraging historical data and neighboring companies' work. The company is funded to continue exploration throughout the year.
BTU Metals ha avviato l'esplorazione delle sue ampliate proprietà aurifere nell'area aurifera di Wawa, nel nord dell'Ontario. Queste proprietà sono adiacenti al distretto Island Gold di Alamos Gold e al progetto Wawa Gold di Red Pine Exploration. È notevole che questa sia la prima esplorazione completa su queste terre, che copre oltre 16.048 ettari con più di 750 diritti minerari. I progetti, inclusi Echum, Hubcap e Centennial, ospitano mineralizzazioni storiche di oro e sono vicini a infrastrutture significative. L'esplorazione di BTU comprenderà il taglio delle linee, geofisica, prospezione, scavi e campionamenti, con perforazioni pianificate sulla base dei risultati iniziali. Il CEO Paul Wood ha espresso ottimismo riguardo al potenziale di scoprire significative riserve d'oro, sfruttando i dati storici e il lavoro delle aziende vicine. L'azienda è finanziata per continuare l'esplorazione per tutto l'anno.
BTU Metals ha comenzado la exploración de sus extensas propiedades de oro en el área de oro de Wawa, en el norte de Ontario. Estas propiedades son adyacentes al distrito Isla de Oro de Alamos Gold y al proyecto Wawa Gold de Red Pine Exploration. Cabe destacar que esta es la primera exploración integral en estas tierras, que abarca más de 16,048 hectáreas con más de 750 solicitudes mineras. Los proyectos, incluidos Echum, Hubcap y Centennial, albergan mineralización histórica de oro y están cerca de infraestructura significativa. La exploración de BTU involucrará el corte de líneas, geofísica, prospección, zanjas y muestreo de canales, con perforaciones planeadas dependiendo de los resultados iniciales. El CEO Paul Wood expresó optimismo sobre el potencial de descubrir depósitos de oro significativos, aprovechando los datos históricos y el trabajo de las empresas vecinas. La empresa está financiada para continuar la exploración durante todo el año.
BTU Metals는 온타리오 북부의 와와 금 지역에 있는 광범위한 금 재산에 대한 탐사를 시작했습니다. 이 재산은 Alamos Gold의 아일랜드 골드 지구와 Red Pine Exploration의 와와 골드 프로젝트에 인접해 있습니다. 특히, 이 지역에 대한 포괄적인 탐사가 처음으로 진행되며, 16,048헥타르 이상를 포함하고 750개 이상의 채굴권이 있습니다. Echum, Hubcap 및 Centennial을 포함한 프로젝트들은 역사적인 금 광맥을 보유하고 있으며 중요한 인프라와 가깝습니다. BTU의 탐사는 라인 커팅, 지구물리학, 탐사, 도랑 파기 및 채널 샘플링을 포함하며, 초기 결과를 바탕으로 드릴링이 계획될 것입니다. CEO Paul Wood는 역사적 데이터와 인근 기업의 작업을 활용하여 중요한 금 매장지를 발견할 수 있는 가능성에 대해 낙관적인 입장을 표명했습니다. 회사는 올해 내내 탐사를 계속할 자금을 확보하고 있습니다.
BTU Metals a commencé l'exploration de ses propriétés aurifères étendues dans la région aurifère de Wawa, au nord de l'Ontario. Ces propriétés sont adjacentes au district Island Gold d'Alamos Gold et au projet Wawa Gold de Red Pine Exploration. Notamment, il s'agit de la première exploration complète sur ces terres, couvrant plus de 16 048 hectares avec plus de 750 concessions minières. Les projets, y compris Echum, Hubcap et Centennial, présentent une minéralisation historique de l'or et sont proches d'infrastructures significatives. L'exploration de BTU impliquera le découpage de lignes, la géophysique, la prospection, le creusement de tranchées et l'échantillonnage des canaux, avec des forages prévus en fonction des résultats initiaux. Le PDG Paul Wood a exprimé son optimisme quant au potentiel de découvrir d'importants dépôts d'or, tirant parti des données historiques et du travail des entreprises voisines. L'entreprise est financée pour continuer l'exploration tout au long de l'année.
BTU Metals hat mit der Ersch Exploration ihrer umfänglichen Goldvorkommen im Goldgebiet Wawa im Norden Ontarios begonnen. Diese Grundstücke sind angrenzend an den Island Gold District von Alamos Gold und das Wawa Gold Projekt von Red Pine Exploration. Bemerkenswert ist, dass dies die erste umfassende Erkundung auf diesen Flächen ist, die über 16.048 Hektar mit mehr als 750 Bergbaurechten abdeckt. Die Projekte, einschließlich Echum, Hubcap und Centennial, beherbergen historische Goldmineralisierungen und liegen in der Nähe wichtiger Infrastrukturen. Die Erkundung von BTU wird Linienabtrennung, Geophysik, Prospektion, Graben und Kanalmuster umfassen, wobei Bohrungen basierend auf den ersten Ergebnissen geplant sind. CEO Paul Wood äußerte Optimismus hinsichtlich des Potenzials, bedeutende Goldvorkommen zu entdecken, und stützt sich dabei auf historische Daten und die Arbeit benachbarter Unternehmen. Das Unternehmen ist finanziert, um die Erkundung das ganze Jahr über fortzusetzen.
- BTU Metals commenced exploration on extensive gold properties in Wawa, Ontario.
- Properties cover over 16,048 hectares with more than 750 mining claims.
- Projects are adjacent to Alamos Gold's Island Gold District and Red Pine Exploration's Wawa Gold Project.
- Properties host historic gold mineralization.
- Exploration involves line cutting, geophysics, prospecting, trenching, and channel sampling.
- CEO Paul Wood is optimistic about discovering significant gold deposits.
- None.
VANCOUVER, BC / ACCESSWIRE / July 31, 2024 / BTU METALS CORP. ("BTU" or the "Company") (TSX-V:BTU)(OTCQB:BTUMF) announces it has commenced exploration on its
The Company's recently acquired gold exploration projects are located adjacent to the Alamos Gold Inc. (TSX-AGI) ("Alamos") Island Gold District Project in the northern portion of the Wawa gold area and adjacent to the Red Pine Exploration Inc. (RPX-TSX:V) ("Red Pine") Wawa Gold Project in the southern part of the Wawa Gold District. The southern Wawa projects are comprised of the Hubcap Gold Project adjacent to south and southwest of Red Pine and the Centennial Project adjacent to the south of Red Pine (Figure 1).
The Company has posted an updated presentation on its website that includes additional information on the Wawa projects as well as the Company's project adjacent to the Great Bear project being developed by Kinross.
Each of the Wawa projects covers areas of historic gold mineralization and none of the projects has been the subject of significant or comprehensive exploration in recent years. Importantly, no company has ever assembled the entire land positions as they are currently constituted. With the entire land position assembled, the Company is uniquely positioned to determine the full potential of the projects. The Echum property is adjacent along trend of the Island Gold Mine property operated by Alamos and the Hubcap and the Centennial projects are situated adjacent along the geological trend of the gold mineralization that has been extensively drill tested by Red Pine (Figure 2).
Figure 1: Map showing the Echum and Hubcap properties and Their Location in Relation to the Properties of Red Pine and Alamos
Asset and Area Highlights
Each project is adjacent to an active, large scale gold exploration/development project
The projects host historic gold mineralization
Echum, the northern property, covers the extension of geological host rocks that occur on the adjacent Alamos Island Gold Mine property
Hubcap, just south of the town of Wawa and located immediately south and southwest of Red Pine, covers the extension of the geological trends on the Red Pine property, starting approximately 1200m from their historic Darwin Grace gold mine. Just east of the Hubcap project is the Centennial Project where underground mine work was last undertaken in the 1930's. The project was first mined around 1900
Only two drill holes have been drilled on the entire property position in the past 6 years
The Company is working to leverage all existing data sets and work by neighbouring companies to allow the Company to vector in on the best exploration targets in a timely and cost-effective manner
Exploration work on Echum will include line cutting, geophysics, prospecting and geological mapping in this phase and work on Hubcap and Centennial will include line cutting, geophysics, prospecting, trenching and channel sampling, all in advance of a follow-up drilling program that will be planned based on this phase of work.
The projects have excellent proximity to infrastructure that includes roads, highways (including Trans Canada Highway), town of Wawa, airport, water, power, mining aware population and a mining labour pool
The properties cover more than 750 mining claims over a total of 16,048 hectares
Figure 2: CEO Paul Wood and VP Exploration Bruce Durham examining strong carbonate and quartz veined outcrop on Hubcap project June 2024.
BTU CEO Paul Wood commented; "We are excited to be moving forward with our exploration plans in Wawa and to now be in a position to commence field operations on all three projects. We were recently on site and have confirmed that previous work on the projects, which included surface exploration, drilling and, in the case of the Centennial project, mining, these are projects that are known to host gold mineralization which in places is similar to the gold mineralization now being exploited and explored by our neighbors. We feel the projects offer real potential for the discovery of significant gold mineralization in an excellent location and jurisdiction. We are funded to start the work and exploration will continue through late this year. Kinross is continuing to progress early exploration work at our Dixie Halo project adjacent to their world class Great Bear project under the terms of the 2023 Exploration Option Agreement."
Bruce Durham, P. Geo., a qualified person as defined by National Instrument 43-101 has reviewed and approved the technical information in this press release.
About BTU
BTU Metals Corp. is a junior mining exploration company looking to acquire high quality exploration projects to add to its portfolio for the benefit of its stakeholders. The Company's main assets are the Dixie Halo Project located in Red Lake, Ontario immediately adjacent to the Great Bear Project and the recently acquired gold properties in the active Wawa gold district. The Company has no debt, no significant property obligations and maintains a cash balance of approximately
ON BEHALF OF THE BOARD
"Paul Wood"
Paul Wood, CEO, Director
pwood@btumetals.com
BTU Metals Corp.
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company is forward-looking information. Other forward-looking information includes but is not limited to information concerning: the intentions, plans and future actions of the Company.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.
This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: risks relating to the global economic climate; dilution; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. The Company has also assumed that no significant events occur outside of the normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
SOURCE: BTU Metals Corp.
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