BTU Metals commences airborne geophysical survey at Dixie Halo

BTU METALSCORP. is pleased to provide the following update. Pursuant to the option agreement with Kinross Gold Corporation, BTU and Kinross continue to work towards establishing a more robust understanding of the geological setting at BTU’s Dixie Halo project located in the Great Bear Gold discovery part of the Red Lake Mining district. Near-term exploration activities include undertaking a comprehensive airborne magnetic geophysical survey, essentially identical to the one completed on the adjacent Great Bear property in 2017. The new survey which will cover much of the original Dixie Halo property is scheduled to commence this week and this data will provide a seamless grid of very high-quality magnetic data connecting with the historical survey data over the Great Bear Dixie property. High quality magnetic data was one of the exploration tools used by Great Bear Resources in defining the potential location of gold mineralization. Kinross made a firm commitment to the Great Bear gold discovery area when they paid approximately C$1.8 billion to take over Great Bear Resources Ltd. and they continue to invest significant additional capital in the project as they expand exploration efforts to more fully understand the extent and amount of gold on the Great Bear project while, at the same time, working toward developing a significant new high-grade open pit and underground gold mine on the Great Bear property located immediately to the north of the Company’s Dixie Halo project.