BTU Metals announces it has arranged a non-brokered private placement of 3,500,000 flow-through units at a price of $0.09 per FT Unit, for aggregate gross proceeds of $315,000. Each flow-through unit shall be 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 shall entitle the holder [...]
BTU Metals today announces that the drill is now turning on its first Hiewall Lake targets of the recently announced 2,200 metre drill program. 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 [...]
BTU Metals Corp. today announces it has signed a contract with Fusion Drilling Ltd of Hawkesbury, Ontario for a minimum of 2,200 meters of diamond drilling on its flagship Dixie Halo project in Red Lake, Ontario. Drilling is expected to take place from October through to the Christmas break and the holes will be designed to test a host of new gold exploration targets identified by BTU's technical team. The targets relate [...]
BTU Metals Corp. announces common shares of the Company are now trading on the OTCQB Venture Market under the symbol BTUMF. The company's common shares will also continue to trade on the TSX Venture Exchange under the symbol BTU. BTU Chief Executive Officer Paul Wood stated, "Trading on the OTCQB will provide BTU with increased exposure to the US and global investing community by providing enhanced access to trading [...]
BTU Metals Corp. announces it has granted a total of 2,125,000 stock options to directors, officers and consultants of the company exercisable at a price of $0.10 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. announces assay results from the most recent ten drill holes covering 3086.5 meters have been received. This program was focused on the northeast portion of the Dixie Halo property in the general area of the southeast extension of the stratigraphic units that host the LP fault gold mineralization on the adjacent Great Bear Resources Dixie project. While all ten holes intersected anomalous gold, assays [...]
BTU Metals Corp. today announces the completion of drill hole BTU-21-66 in the TNT target area which was drilled to 589 meters. The hole is currently being logged, cut, and samples are being sent for fire assay and geochemical analysis. Of the 10 drill holes targeting gold in the recently completed program, all have now been logged, and all but two have been sampled and are in the lab for analysis. Samples from the [...]
BTU Metals Corp. announces drilling is now underway and the current drilling is designed to test various new targets at the TNT area on the Dixie Halo properties near Red Lake. The drill targets have been defined using all available geological information as well as all available geophysical data including from recently completed surveys. All newly developed geochemical data and analysis was also used in the extensive [...]
BTU Metals Corp. announces it has granted a total of 600,000 stock options to a director and an officer of the company exercisable at a price of $0.14 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
BTU Metals Corp. today announces the results of recently completed geophysical surveys and re-interpretation of various previously completed geophysical surveys as they relate to last year's TNT copper silver gold discovery in the Dixie Lake area near Red Lake, Ontario. Highlights TNT target - line 500S targets to be drilled immediately - two moderately to strongly conductive targets to be tested this month. Both targets [...]
BTU Metals Corp. today announces that it has commenced geophysical surveying east of last year's TNT copper silver gold discovery on its recently expanded land position in the Dixie Lake area near Red Lake. The Company can earn up to an 80% interest in the 3,000 hectare Pakwash North property located adjacent to the east and southeast boundaries of its Dixie Halo project. Geological, geochemical and geophysical studies [...]
BTU Metals Corp. today announces the significant expansion of its Dixie Halo property holdings in Red Lake, Ontario. The Company has entered into an agreement that allows it to earn up to an 80% interest in the 3,000 hectare Pakwash North property located adjacent to the east and southeast boundaries of its Dixie Halo project. The Dixie Halo project is located adjacent to the Great Bear Resources Dixie project. The new [...]
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