Gold Exploration in Red Lake on Dixie Halo Project
BTU Metals Corp. (TSXV:BTU) is a highly-prospective gold exploration company focused on its Dixie Halo Gold project adjoining Great Bear Resources Ltd. the Red Lake Mining camp, Ontario.
In Ontario’s Red Lake district, BTU has acquired three properties in the Dixie area which wrap around the northeastern and eastern portions and continue to directly south of Great Bear Resource Corp.’s (TSXV:GBR, OTC:GTBDF) Dixie project, where 16.35 meters of 26.91 g/t gold and seven meters of 44.47 g/t gold were recovered from the Hinge zone.
In the Republic of Ireland, BTU Metals acquired an option for a 100-percent interest in the Galway project in mid-2017, following extensive due diligence, during which the company collected high-grade, multi-ounce samples have been taken. In May 2018, BTU Metals accelerated the terms of the agreement and now has 100 percent ownership of the property. The project remains on standby as Ireland continues to refine its processes for new drill permit applications.
BTU Metals Corp Highlights
- Multiple prospective properties in Ontario, Canada including Dixie Halo and Dixie South/East, near Red Lake, contiguous with Great Bear Resources (TSXV:GBR)
- In Republic of Ireland, 160-square-kilometer property following exploration model used by Dalradian Resources for nearby project with indicated and inferred resource of 4.4 million ounces of gold
- High-priority Lee occurrence with grab sample results of 49.6 g/t gold and 7.25 g/t gold