New Gold and Copper Assays Result in Targeting Two Additional Zones for Drilling on the County Galway, Ireland Project
Vancouver, British Columbia (FSCwire) - BTU Metals Corp. (“BTU” or the “Company”) (BTU-TSX:V) announces further encouraging assays in gold, silver and copper from the Galway Project, Ireland, resulting in two new drill target zones being defined.
The BTU Exploration Team has received assay results of samples collected on the recent field trip to Galway. The samples were processed at the lab of ALS Loughrea, Co. Galway, Ireland and results confirmed high grade samples in two critical areas, Glenlusk and the Escarpment area to the East of Glenlusk.
These results supplement the primary target area at Lee resulting in the Company’s second and third target areas for drilling in the 160 km2 Galway property. The Lee target has an exposed vein with historic grab samples from both bedrock and float range from 2.1g/t up to 66.4 g/t Au (this high grade sample with 247 g/t Ag and 0.85% Pb) and an interpreted multi-vein structure based on ground and air geophysics. Note: selected samples including grab and float samples are not be representative of the mineralization hosted on the property. See 15 Feb 2018 news release for more on the Lee target.
“The success we are having at now generating both precious and base metal targets to date is giving us growing confidence in our planned upcoming drill program at Galway,” stated BTU CEO Paul Wood. “It is exciting to note that the Dalradian supergroup of rocks that is prevalent on our property is also the host of the numerous veins of the Curraghinalt deposit being worked by Dalradian Resources Inc. (DNA – TSXV) also in Ireland.”
Glenlusk and Escarpment Assays Results:
| Collected Galway Project - February 3-4, 2018 - Selected Samples | ||||
| Sample | Comment | Au/ppm | Ag/ppm | Cu% |
| Glenlusk | ||||
| 14970 | Float sample | 41.7 | 7.7 | |
| Nov '17 | In situ grab sample (Aurum 2017) | 4.1 | ||
| Escarpment - Trench & Surrounding Area | ||||
| 14972 | 1 metre sample along historic channel cut in trench | 12.9 | 39.7 | 4.07 |
| 14973 | 1 metre sample along historic channel cut in trench | 7.09 | 51.8 | 4.85 |
| 14974 | Grab sample 20 metres west of channel cut | 26.1 | 6.7 | 0.19 |
| 14975 | Grab sample 15 metres east of channel cut | 0.42 | 0.7 | 0.08 |
Note: The 1 metre channel samples are contiguous north to south, perpendicular to the zone
Glenlusk has yielded historic samples of 10.1 g/t Au in pyrite veinlets, and 5 g/t Au in massive pyrite with minor quartz. With supporting float and in situ sample results, Glenlusk has been confirmed as a second drill target area for the upcoming program.
An historical metallurgical test site about 4 km to the east of Glenlusk in the Escarpment Prospect area returned grab sample results taken by BTU in 2017 of 26 g/t Au and 3.7% copper. Furthermore, historic work by Westland Exploration in 1988 achieved drill results of 15.2 g/t Au over 1.5m, 6.2 g/t over 4.2m and 7.8 g/t over 2.7m. The original Westland channel sample assayed 11.2 g/t over 1.7m. This prospect will be BTU’s third drill target area.
All samples were collected and then transported to the ALS lab at Loughrea, Co. Galway, where they were prepared and analyzed. There, the samples were crushed to 70 % < 2mm and split riffled and then pulverized 1000g < 75 um. Then 50g samples were then assayed by fire assay with an AA finish. No blanks or standards were included with the sample batch.
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.
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
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).
To view the associated document to this release, please click on the following link:
public://news_release_pdf/BTUMetals02272018.pdf
To view the original release, please click here
Source: BTU Metals Corp. (TSX Venture:BTU)
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