BTU ANNOUNCES PROGRAMME LEAD FOR GALWAY GOLD PROPERTIES, NAME CHANGE AND WEBSITE LAUNCH
August 21st, 2017, Vancouver, BC, Canada – BTU CAPITAL CORP. (“BTU” or the “Company”) (BTU-TSX:V) is pleased to announce it has assembled an exploration team of highly experienced Canadian and Irish professionals with intimate knowledge of the geology and mineral deposits of Ireland to lead the upcoming fall program on the Company’s recently acquired Galway Properties. Over the past several years members of this team have conducted programs consisting of prospecting, sampling, and geophysical groundwork on the Galway PLs which gives BTU an excellent head start given the extensive knowledge of the properties and experience in the region.
BTU VP, Exploration, Mr. Don McKinnon Jr., states "Our team’s knowledge and standing in the community will be most helpful in advancing the next phase of work at the Galway Properties. Our team has outlined a detailed work plan which is coordinated with the EMD and has received full approval to proceed." The work plan will comprise the following activity:
· Detailed compilation of historic data updated into digital formats
· Systematic approach to locate and assess geochemical pathfinder elements
· Prospecting, sampling, and mapping of the entire property
· Bulk overburden sampling and heavy mineral concentrate preparation on the Lee, Dooros, and Glenlusk targets
· Drill target generation
Additionally, the Company is proposing to change the company's name to BTU Metals Corp. to better reflect the company's focus on high-grade, global mining prospects. The name change is pending exchange approval.
The Company also announces the launch of its corporate website located at www.btumetals.com. A current corporate presentation can be viewed at http://www.btucapitalcorp.com/BTU-Pres-Aug.pdf.
ON BEHALF OF THE BOARD
Paul Wood, CEO & Director
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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).Back to Past News