BTU Drill Program Underway at Echum Adjacent to Alamos Gold, Gold Values Encountered on Hubcap Property Near Red Pine Exploration

In This Article:

VANCOUVER, BC / ACCESS Newswire / February 18, 2025 / BTU METALS CORP. ("BTU" or the "Company") (TSX:V:BTU)(OTCQB:BTUMF) announces an update on exploration efforts at its' 100% held Echum and Hubcap Projects. The projects comprise an extensive gold exploration project adjacent to Alamos Gold Inc. ("Alamos") (AGI-TSX) and also adjacent to Red Pine Exploration ("Red Pine") (RPX-TSX-V) in the active Wawa gold area of northern Ontario (Figure 1).

Figure 1: BTU's Wawa Properties and their proximity to Red Pine's Wawa Gold Project and Alamos' Island Gold District

Wawa Projects Exploration Highlights - Fall & Winter Programs

  • Echum Project:

    • Completed six lines of Induced Polarization (IP) geophysical surveying in Q4 2024 over previously outlined airborne geophysical features of interest in the central part of the Echum project.

    • Winter diamond drilling commenced in late 2024 at the Echum Project, testing targets outlined in 2023 and 2024 IP surveys. Drilling was initially commenced in late 2024 and was then restarted in early February after a break

    • 5 separate targets were outlined from interpretation of geophysical surveys and geological data, 4 have been drilled and hole 5 is underway

    • Core is being logged and will be sent for assay at the completion of the drill program

  • Hubcap & Centennial Project:

    • Hubcap surface sampling encountered anomalous gold results up to 6 g/t au near the boundary with Red Pine (see table below)

    • Additional assay results are pending from samples located along trend of War Eagle in the Hubcap project boundary area. The high-grade War Eagle results were reported from an area approximately 700m from the Hubcap boundary (see RPX PR, Nov 27, 2024).

    • Table 1 outlines Hubcap surface sampling results that returned assays above 0.5 g/t Au.

    • Figure 2 outlines the locations of the Hubcap surface sampling highlights.

    • IP grid survey lines established in late 2024 are to be surveyed at both Hubcap and Centennial Properties in spring 2025.

Table 1: Hubcap Surface Sampling Results Above 0.5 g/t Au.

Sample ID

Easting (m)

Northing (m)

Elevation (m)

Rock Type

Mineralization

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

Certificate

F420502

667545

5311759

335

Silicified Intermediate Metavolcanic with Quartz-Carbonate Veining

py 1%

0.685

2

-

-

5.53

24B217347

F420505

666448

5311619

228

Quartz Vein

Py 1-2%

1.89

0.25

-

-

-

24B217347

F420506

666446

5311617

228

Quartz Vein

Py 1-2%

0.662

0.25

-

-

-

24B217347

F420508

666472

5311631

220

Quartz Vein

py 3-5%

0.789

0.25

-

-

-

24B217347

F420559

666294

5311668

248

Quartz Vein

Gn 1-2%; Cp 0.5%

0.584

70.6

0.1

2.11

0.443

24B227236

F420560

666296

5311666

251

Quartz Vein

py 3-5%

0.855

0.9

-

-

-

24B227236

F420561

666296

5311665

251

Quartz Vein

py 2-3%

6.13

1.6

-

-

-

24B227236

F420562

666294

5311669

251

Quartz Vein

Gn 1% Py Trace

1.22

2.5

-

-

-

24B227236

F420563

666296

5311671

254

Quartz Vein

Cp 1-2%

1.4

3.2

0.645

-

-

24B227236

F420567

666063

5311126

237

Quartz Vein

Cp 0.5- 1%

2.06

7.9

0.397

-

-

24B227236

F420569

666384

5311452

275

Intermediate Metavolcanic with Quartz Vein

py 2-3%

1.1

0.25

-

-

-

24B227236

F420570

666388

5311448

275

Intermediate Metavolcanic with Quartz Vein

py 2-3%

1.32

0.25

-

-

-

24B227236

F420571

666389

5311454

270

Intermediate Metavolcanic with Quartz Vein

py 3-5%

4.04

0.5

-

-

-

24B227236

F420573

666078

5311192

232

Intermediate Metavolcanics

Py 1-2%

0.647

0.25

-

-

-

24B227236

F420577

666425

5311459

262

Altered Quartz Vein in Metavolcanics

Py 1-2%

0.662

0.25

-

-

-

24B227236

**All sample values are from grab samples which by their nature, are not representative of overall gold grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in the table above. The 15 samples above are part of a suite of 86 samples collected and assayed. Assay values for the samples not reported ranged from trace to approximately 0.18 g/t gold. In the table the following abbreviations were used: Py -pyrite, gn - galena, cp chalcopyrite.