BTU ANNOUNCES 1,000 METER DRILL PROGRAM TO TEST TARGETS ON GALWAY PROPERTY, IRELAND
February 15th, 2018, Vancouver, BC, Canada – BTU METALS CORP. (“BTU” or the “Company”) (BTU-TSX:V) 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, CEO, Director
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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).Back to Past News