BTU Metals commences exploration on gold properties in Wawa gold area

BTU METALS CORP. (BTUMF) has commenced exploration on its 100% held extensive gold exploration land in the active Wawa gold area of northern Ontario. The Company’s recently acquired gold exploration projects are located adjacent to the Alamos Gold Inc. (AGI) Island Gold District Project in the northern portion of the Wawa gold area and adjacent to the Red Pine Exploration Wawa Gold Project in the southern part of the Wawa Gold District. The southern Wawa projects are comprised of the Hubcap Gold Project adjacent to south and southwest of Red Pine and the Centennial Project adjacent to the south of Red Pine. The Company has posted an updated presentation on its website that includes additional information on the Wawa projects as well as the Company’s project adjacent to the Great Bear project being developed by Kinross. Each of the Wawa projects covers areas of historic gold mineralization and none of the projects has been the subject of significant or comprehensive exploration in recent years. Importantly, no company has ever assembled the entire land positions as they are currently constituted. With the entire land position assembled, the Company is uniquely positioned to determine the full potential of the projects. The Echum property is adjacent along trend of the Island Gold Mine property operated by Alamos and the Hubcap and the Centennial projects are situated adjacent along the geological trend of the gold mineralization that has been extensively drill tested by Red Pine. BTU CEO Paul Wood commented; “We are excited to be moving forward with our exploration plans in Wawa and to now be in a position to commence field operations on all three projects. We were recently on site and have confirmed that previous work on the projects, which included surface exploration, drilling and, in the case of the Centennial project, mining, these are projects that are known to host gold mineralization which in places is similar to the gold mineralization now being exploited and explored by our neighbors. We feel the projects offer real potential for the discovery of significant gold mineralization in an excellent location and jurisdiction. We are funded to start the work and exploration will continue through late this year. Kinross is continuing to progress early exploration work at our Dixie Halo project adjacent to their world class Great Bear project under the terms of the 2023 Exploration Option Agreement.”