BTU Metals Corp. Acquires Dixie East Project, Expands Exploration Efforts

BTU Metals Corp. has announced the acquisition of a 100% interest in the Dixie East property, located 5.5 km east of the Kinross Great Bear Dixie project in Ontario. This new acquisition includes a large land package covering nearly 10 km of structural trends linked to the Great Bear Gold Dixie deposit. Notably, this area has seen limited exploration for gold mineralization over the past three decades, with only minimal drilling for base metals reported.

Initial plans for the Dixie East project include developing a geological model to guide future exploration. Paul Wood, CEO of BTU, expressed optimism about the project's potential, emphasizing the synergy between Dixie East and existing exploration work underway by Kinross at BTU's Dixie Halo property. The transaction involves a cash payment, issuance of BTU shares, and granting a 1% NSR to the vendor.