BTU Metals signs option to acquire 100% interest in Dixie East Block 2

BTU Metals (BTUMF) announced it has signed an option to acquire a 100% interest in the Dixie East Block 2 property located approximately 30 km east of the Kinross ‘World Class’ Great Bear Dixie Project, southeast of Red Lake, Ontario. The claim package consists of 49 mining claims covering 2,450 acres approximately 2 kilometres northeast of the recently acquired Dixie East Project, referred to as Dixie East Block 1. Paul Wood, CEO, commented: “We’re very pleased to expand our total footprint in the Dixie East area with the acquisition of this prospective land package, a strategic addition that strengthens the long-term potential of our existing Dixie East project. This move positions us to unlock new opportunities for growth, value creation, and sustained success in an increasingly dynamic gold market.” To acquire 100% interest in the Dixie East Block 2 claims the company is required to make cumulative cash payments of $78,000 over 4 years and is required to issue 400,000 shares to the vendor. This transaction is subject to approval by the TSXV. The shares issued will be subject to normal course trading restrictions.