BTU METALS CORP - BTUMF STOCK NEWS

BTU Metals Corp. (TSXV:BTU) announced the grant of 2,125,000 stock options to its directors, officers, and consultants. Each option is exercisable at a price of $0.10 per share for a period of three years from the date of grant. This move aligns with the company's stock option plan, aimed at incentivizing key personnel.

BTU Metals Corp. (BTU-TSX:V; BTUMF-OTC PINK) released assay results from ten drill holes totaling 3086.5 meters in the northeast area of its Dixie Halo property. Although all holes intersected anomalous gold, assays were not significant. Potential for higher gold values exists due to associations with mineralization found. New drill targets have been identified, particularly in the Pakwash North property, with expectations for further drilling following logistical arrangements. Paul Wood, CEO, remains optimistic about future gold exploration despite current assay results.

BTU Metals Corp. has completed drill hole BTU-21-66 at the TNT target area, reaching 589 meters. All 10 drill holes targeting gold have been logged, with samples sent for analysis. Significant arsenopyrite mineralization was intersected, suggesting a connection to the LP Fault. The area has 2.4 km of strike on BTU ground. Additionally, a field program is underway to generate new targets on the 230 km² property, with plans to drill identified targets in the coming months. The Red Lake area remains active with potential for new gold discoveries.

BTU Metals Corp. (TSX:V:BTU, OTC PINK:BTUMF) has commenced drilling at the TNT area on its Dixie Halo properties, aimed at testing new high-priority targets near Red Lake, Ontario. The targets were developed using extensive geological and geophysical data, including recent surveys and geochemical analysis. The company highlights the TNT copper-silver-gold discovery from December 2019 as a significant focus. Investors are encouraged to watch a new video discussing the rationale behind the drilling.

BTU Metals Corp. (TSXV:BTU)(OTC PINK:BTUMF) has granted 600,000 stock options to a director and an officer, exercisable at $0.14 per share for a period of three years. This move aligns with the company's stock option plan, aiming to incentivize key personnel. The decision signifies BTU's commitment to retaining talent and aligning interests with shareholders by offering equity-based compensation.

BTU Metals Corp. has announced the results of recent geophysical surveys related to the TNT copper-silver-gold discovery in Ontario. Key highlights include immediate drilling of two conductive targets identified on line 500S and successful completion of 10 drill holes in the northeast of the property. The surveys indicate strong mineralization potential and a direct correlation between copper, silver, and gold. The Red Lake area remains active with significant mining developments, and COVID-19 has not disrupted the Company’s exploration schedule.

BTU Metals Corp. (TSX:V:BTU, OTC PINK:BTUMF) announced the commencement of geophysical surveying east of the TNT copper-silver-gold discovery in the Dixie Lake area, Ontario, on March 29, 2021. The company can earn an 80% interest in the adjacent 3,000 ha Pakwash North property. Initial surveys revealed significant chargeability targets and resistivity low features over 600 meters, which are indicative of potential sulphide accumulations. The ongoing geological evaluations aim to identify base metal and gold deposits, while the company continues its 3,500-meter drill program targeting gold on the SW-NE structural trend.

BTU Metals Corp. has expanded its Dixie Halo property in Red Lake, Ontario, securing an option to earn up to an 80% interest in the 3,000 ha Pakwash North property. This addition bolsters BTU's land position by nearly 15%. Drilling continues on high-priority gold targets, with updates to follow. CEO Paul Wood highlighted the strategic importance of this deal in enhancing BTU's position in a promising mining area. The option involves cash payments of $75,000, issuance of 1.4 million shares, and $1 million in expenditures over three years, pending TSX Venture Exchange approval.

BTU Metals Corp. has launched its first drill program of 2021, targeting 3,500 meters on its Dixie Halo property in Red Lake, Ontario. CEO Paul Wood emphasized the company's strong financial position, with over $2 million in cash, allowing them to pursue high-priority gold targets. Recent drilling returned promising results, including gold concentrations exceeding 100 ppb, with notable drill hole results of 1.1 g/t Au and 1.5 g/t Au. The exploration plans also include expanding into previously untested areas, indicating potential for more gold discoveries.