• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    BTU Announces 1,000 Meter Drill Program to Test Targets on Galway Property, Ireland

    Hamza Ghaznavi
    Feb. 15, 2018 06:06AM PST
    Precious Metals
    Gold Investing

    BTU METALS CORP. (“BTU” or the “Company”) (TSXV:BTU) reports that the geological team has concluded its field visit to confirm findings on the Lee property in Galway, Ireland.

    BTU METALS CORP. (“BTU” or the “Company”) (TSXV:BTU) reports that the geological team has concluded its field visit to confirm findings on the Lee property in Galway, Ireland. Given (1) the Dalradian formation, (2) high grade gold rock samples at surface from an exposed vein and beyond (3) wide-spread positive soil samples containing gold, and (4) geologic and geophysical evidence to date point to a multiple vein-type structure; all of which point to a geologic setting similar to that which led to the discovery of the important Curraghinalt deposit in Northern Ireland.

    Highlights at Lee include:

    • Historic 1 km anomaly of Au, As, Cr, Zn and Pb confirmed in soils with coincident elevated gold in numerous samples of float. Other soil anomalies are associated with multi-gram gold float indicating multiple source veins.
    • Historic exposed vein showing with selected grab sample from bedrock returning 66.4 g/t Au, 247.0 g/t Ag, and 0.85% Pb. Note: selected samples are not representative of the mineralization hosted on the property.
    • Newly discovered vein approximately 250 meters from the first Lee showing (see November 27, 2017 news release). Geophysical surveys (airborne and ground) further indicate interpreted multi-vein structure consistent with Dalradian supergroup hosting the numerous veins at Curraghinalt. (see January 30, 2018 news release).

    The technical team is spotting up to six drill holes targeting the exposed Lee vein and to test along the length of the soil and float anomaly. These drill holes are designed to confirm the structural interpretation of the known mineralization and to test for additional veins.

    “Based on all the positive indicators we are eager to get a drill program underway at our Galway Gold project in Ireland to test the continuity and scope of the Lee vein system.” stated BTU CEO Paul Wood.

    During the recent field work, other PLs were prospected and sampled. Concurrent with the announced drill program, further prospecting will be undertaken at Glenlusk and in the escarpment area to the East. Samples from the recent field work have been sent to an ALS lab located in Ireland and will be press released upon receipt and interpretation.

    Doug Hunter, P.Geo, is the qualified person as defined by National Instrument 43-101 who has examined and described the mineral occurrences within BTU Metals Corp. Irish prospecting licenses and is responsible for reviewing and approving the technical contents of this press release.

    About BTU Metals Corp

    BTU Metals is a Canadian-based junior exploration company focused on developing its Galway Gold project located in Ireland and the Shakespeare Gold project in Ontario. For more information on BTU Metals Corp. please visit our website located at www.btumetals.com.

    ON BEHALF OF THE BOARD

    “Paul Wood”

    Paul Wood, CEO, Director

    FOR FURTHER INFORMATION, PLEASE CONTACT:

    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 information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and 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 of the 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: www.fscwire.com

    canadagold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Bold Ventures Reports Positive Results of MMI Soil Survey on Its Burchell Property

    Bold Ventures Reports Positive Results of MMI Soil Survey on Its Burchell Property

    North Shore Uranium Completes Maiden Drill Program at Falcon; Elevated Radioactivity, Fault Zones and Alteration Identified

    North Shore Uranium Completes Maiden Drill Program at Falcon; Elevated Radioactivity, Fault Zones and Alteration Identified

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Piche Resources

    PR2:AU

    Quimbaya Gold

    QIM:CC

    Sranan Gold

    SRAN:CC

    LaFleur Minerals

    LFLR:CNX

    Surface Metals

    SUR:CC

    Maritime Resources

    MAE:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×