Drill Turning at BTU Metals Hiewall Lake Targets at Flagship Dixie Halo Properties

Rhea-AI Summary

BTU Metals Corp. has commenced its 2,200-meter drill program at Hiewall Lake targets, as announced on October 27, 2021. The drilling aims to explore areas with noted alteration and sulphide mineralization, which are often linked to gold deposits. The program will run for several weeks and is expected to conclude before the Christmas break. The technical information in the release has been reviewed by Bruce Durham, a qualified person under National Instrument 43-101.

Positive

• Commencement of a 2,200-meter drill program targeting areas with potential gold mineralization.
• Technical approval by qualified expert Bruce Durham enhances credibility.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / BTU METALS CORP. ("BTU" or the "Company") (TSXV:BTU)(OTCQB:BTUMF) today announces that the drill is now turning on its first Hiewall Lake targets of the recently announced 2,200 metre drill program (October 18, 2021).

The targets relate to areas of noted and interpreted alteration and sulphide mineralization often associated with gold mineralization in the area. The drill program is scheduled to continue for the next several weeks and be complete by the Christmas break.

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.

ON BEHALF OF THE BOARD
"Paul Wood"

Paul Wood, CEO, Director
pwood@btumetals.com

FOR FURTHER INFORMATION, PLEASE CONTACT:

Andreas Curkovic, Investor Relations
Telephone 1-416-577-9927
BTU Metals Corp.
Telephone: 1-604-683-3995
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 using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they 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 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:
https://www.accesswire.com/669857/Drill-Turning-at-BTU-Metals-Hiewall-Lake-Targets-at-Flagship-Dixie-Halo-Properties

FAQ

What is the latest announcement from BTU Metals Corp. regarding the Hiewall Lake drill program?

BTU Metals Corp. announced the start of a 2,200-meter drill program at the Hiewall Lake targets on October 27, 2021.

Who is overseeing the technical aspects of BTU's drilling activities?

Bruce Durham, a qualified person under National Instrument 43-101, has reviewed and approved the technical information.

When is the drilling program at Hiewall Lake expected to be completed?

The drilling program is expected to be completed by the Christmas break.

What geological features are being targeted in the Hiewall Lake drill program?

The drilling targets areas of noted alteration and sulphide mineralization associated with gold mineralization.

What are the stock symbols for BTU Metals Corp.?

BTU Metals Corp. is listed under TSXV:BTU and OTCQB:BTUMF.