BTU METALSCORP. is pleased to provide the following update. Pursuant to the option agreement with Kinross Gold Corp. , BTU and Kinross continue to work towards establishing a more robust understanding of the geological setting at BTU's Dixie Halo project located in the Great Bear Gold discovery part of the Red Lake Mining district. Near-term exploration activities include undertaking a comprehensive airborne magnetic [...]
BTU Metals Corp. is pleased to announce the Company has received shareholder approval, via a Special Meeting, of an option agreement with Kinross Gold Corp. , that will strengthen the exploration effort on the significant properties of BTU in the Great Bear gold area southeast of the main Red Lake Gold camp area of northwestern Ontario . The Dixie Halo Project is located adjacent to Kinross's Great Bear project that [...]
BTU Metals Corp. has entered into a series of transactions with Kinross Gold Corp. that will strengthen the exploration effort on the significant properties of BTU in the Great Bear gold area southeast of the main Red Lake Gold camp area of northwestern Ontario . The Dixie Halo Project is located adjacent to Kinross's Great Bear project that Kinross, on February 13, 2023, headlined in a press release: "Kinross announces [...]
BTU Metals Corp. is pleased to provide an update as the Company continues to explore for gold and copper-gold-silver across its ~230km2 Dixie Halo property that shares a >35km common boundary with Kinross Gold Corp.'s recently acquired Great Bear project. Through the combination of re-mapping on the property, the autumn field program and a new Artificial Intelligence report, the Company has identified multiple new target [...]
BTU Metals Corp. today is pleased to provide an update as the Company continues to explore for gold and copper-gold-silver across its ~230km2 Dixie Halo property that shares a >35km common boundary with Kinross Gold Corp.'s recently acquired ground from Great Bear Resources Ltd. BTU Field Team on Site Executing Summer Geology Program BTU's geological team is currently on site in Red Lake, Ontario. The team is focused on [...]
BTU Metals Corp. today announces the completion of drilling of four holes , totalling 1299 metres, in an area immediately south of the Kinross Dixie-BTU border and adjacent to Dixie Creek, which trends northwest from the drilling area towards the LP fault mineralization approximately 2 km away. The holes are targeting an interpreted structure which forms a series of breaks in geophysical features extending toward the LP [...]
BTU Metals Corp. announces it has granted a total of 4,750,000 stock options to directors, officers and consultants of the company exercisable at a price of $0.09 per share for a period of three years from the date of grant. The options have been granted in accordance with the company's stock option plan. "Paul Wood" Paul Wood, CEO, Director pwood@btumetals.com SOURCE: BTU Metals Corp. View source version on [...]
BTU Metals Corp. today announces the mobilization of a diamond drill on the Tooth area of the Dixie Halo project located near its northern border, immediately south of Great Bear Resources/Kinross LP fault gold discovery area. The area of immediate focus is towards the eastern part of the Tooth area which has never been tested. This area remains a significant target in the northern part of the property where a completely [...]
BTU Metals Corp. announces it has closed its previously announced non-brokered private placement, , of 4,905,445 flow-through units at a price of $0.09 per FT Unit , for aggregate gross proceeds of $441,490.05. Each flow-through unit is comprised of one common share of the company issued on a flow-through basis and one-half of one common share purchase warrant to be issued on a non-flow-through basis. Each whole warrant [...]
BTU Metals Corp. announces a non-brokered private placement financing to raise aggregate gross proceeds of $495,000 by way of issuing 5.5 million flow-through units at a price of $0.09 per FT Unit . Proceeds raised from the Offering will be used for ongoing work programs at the Dixie Halo Project located in Red Lake, Ontario, contiguous to Kinross Gold Corp.'s Dixie project , as the Company continues to drill at its [...]
BTU Metals Corp. today announces the commencement of drilling on the Pakwash North target area of the Dixie Halo project located in Red Lake, Ontario. This current program is focused on untested high quality geophysical targets with potential to host base metal and gold-silver mineralization in the Eastern part of the ~230 km2 Dixie Halo property area. The Company's Dixie Halo project shares over 35 km of common [...]
BTU Metals Corp. today announces the restart of its drill program on its Dixie Halo and Pakwash North properties. Assay results for samples from 10 drill holes completed prior to the end of 2021 on the Dixie Halo property remain pending. Drilling in the first quarter of 2022 will focus on the exploration for gold and copper-gold-silver across its ~230km2 property that shares a >35km common boundary with [...]