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BTU Metals commences drilling new high priority targets at TNT area on Dixie Halo properties in Ontario

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BTU Metals Corp (CVE:BTU) (OTCPINK:BTUMF) has announced that drilling is now underway and designed to test various new targets at the TNT area on the Dixie Halo properties near Red Lake, Ontario. 

In a statement, the company said the drill targets have been defined using all available geological information as well as all available geophysical data including recently completed surveys. 

All newly developed geochemical data and analysis were also used in the extensive re-interpretation of the area to develop the new targets, the company added.  

READ: BTU Metals says it is set to drill test two potential base metal targets at Dixie Halo property this month

BTU’s main asset covers 19,723 hectares (ha) and is contiguous with, and surrounds the Dixie project, which is owned by Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) (FRA:0G6A). 

In March, BTU announced that it had struck a deal with GoldON Resources Ltd (CVE:GLD) (OTCMKTS:NCMBF) (FRA:6NR2) to earn up to 80% of the neighboring Pakwash North property, which sits next to the east and southeast boundaries of the Dixie Halo asset.

BTU Metals said investors are encouraged to view a new video with company personnel discussing the outcome of the past 12 months of geological work and interpretations as well as the rationale for the drilling that is now underway.

The TNT technical video can be viewed at www.btumetals.com/tntinterp.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/949523/btu-metals-commences-drilling-new-high-priority-targets-at-tnt-area-on-dixie-halo-properties-in-ontario-949523.html


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