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BTU Metals Corp
Symbol BTU
Shares Issued 24,534,334
Close 2017-11-24 C$ 0.075
Market Cap C$ 1,840,075
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BTU Metals conducting mapping, sampling at Galway

2017-11-27 08:24 ET - News Release

Mr. Paul Wood reports

BTU GALWAY GOLD UPDATE - EXPLORATION TEAM DISCOVERS NEW VEIN AT LEE TARGET, GALWAY, IRELAND

BTU Metals Corp. has provided the following exploration program update for the company's Galway gold property. The exploration team is currently conducting geological mapping, sampling, prospecting, as well as magnetometer, and ground penetrating radar (GPR) surveys at the Lee, Teernakill, Fooey and Glenlusk target areas.

At the Lee area, a new vein has been discovered approximately 250 metres from the Lee vein. The vein is trending northwest at right angles to the Lee vein and is associated with a fault structure that cuts the foliated schist. The mineralogy of the vein is similar to samples taken in the southeast portion of the Lee Valley which contains several locations where multigram gold samples have been found (see press release dated July 27, 2017).

"The discovery of a new vein at Lee is very encouraging. We look forward to obtaining assays and the interpretation of geophysics from this current program in order to define drill targets for 2018," stated Paul Wood, chief executive officer of BTU.

A 20-line-kilometre grid has been surveyed over and extending from the previously identified areas of high-grade gold mineralization. Ground magnetometer surveys have been completed over the grid and a program of high-density deep-overburden soil sampling is currently being carried out. Preliminary magnetometer results suggest an east-west-trending lithology contact occurs parallel to Lee Creek and adjacent to the Lee vein showing, as well as several fault structures which coincide with north-south-trending creek gullies.

A ground penetrating radar survey has been permitted by the EMD on the Lee grid, and Terravision U.K. will begin this survey on Nov. 27, 2017. Terravision's GPRPlus system is a state-of-the-art method of overburden and bedrock surveying which is useful in identifying vein and fault structures in the Dalradian Group gold-bearing metamorphic rocks of Ireland.

The historic Teernakill mine site is also undergoing further exploration. Ground magnetics surveys as well as geological mapping and sampling have been completed. At Teernakill, sulphide replacement zones consisting of massive and semi-massive pyrrhotite and chalcopyrite occur intermittently over a strike length of approximately 500 metres and widths ranging between one to four metres. Several new areas of mineralization located outside of the historical mine workings have been discovered.

At the Glenlusk target area, angular float samples taken in 2015 returned 930 parts per billion, 2,370 ppb and 5,066 ppb gold respectively (Gold Note Minerals, 2015). For the 2017 program, extensive geological mapping and rock sampling (including bedrock), as well as magnetometer surveys have been carried out over the primary area of interest. This work has traced a north-south fault structure that cuts the east-west trend of the country rock. The geological setting is similar to the Bohaun gold occurrence located 4.5 kilometres to the north. Bohaun is a north-northeast-trending, steeply dipping quartz breccia zone that has seen extensive exploration for epithermal gold mineralization.

Fooey target area

In the summer of 2016, a fixed-wing high-resolution aeromagnetic survey conducted by Sander Geophysics Ltd. (on behalf of the Geological Survey of Ireland) identified a 0.5- by seven-kilometre, east-west-trending high strength positive anomaly that correlates with surface exposures of Bencorragh formation metamorphosed pillow lava located south of Lough Nafooy. Geological mapping, geochemical rock sampling and ground magnetometer geophysics were carried out over this formation. Widespread jasper-bearing chert horizons occur as late-stage layers and fragmental zones within the formation. Localized high order positive magnetometer anomalies correlate with layered and fragmental bright red coloured ferruginous chert, as well as increased amounts of disseminated pyrite, pyrrhotite and minor chalcopyrite. Ground magnetometer geophysics and geological mapping have identified several prospective zones. Additionally, vuggy crystalline quartz veins with saccharoidal-crustiform textures and sparse sulphide mineralization occur as late stage infillings, suggesting potential for low sulphidation, epithermal deposit types similar to Bohaun located 3.5 km to the southeast.

Andris Kikauka, PGeo, is a qualified person as defined by National Instrument 43-101 who has examined and described the mineral occurrences within BTU Metals Corp. Irish prospecting licences 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.

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