BTU Metals Corp. (TSX-V:BTU, OTC:BTUMF) told investors that it has identified "multiple new target areas" at its 230 square kilometre (sq km) Dixie Halo property in Red Lake, Ontario
The areas were identified through re-mapping, an autumn field program and a new Artificial Intelligence (AI) report, the firm said, and will be further refined in more fieldwork, expected to take place in the new year.
The company's property shares an over 35 kilometre (km) common boundary with Kinross Gold Corp's recently acquired Great Bear project.
Windfall Geotek, which is providing the AI, is in the process of completing a revised report based on new information available from both sides of the border of Kinross's Dixie project and BTU's Dixie Halo, but so far the new AI model points to targets in several areas, noted BTU.
The most significant is around 1 km in length and up to 230 metres (m) wide and sits in the area between Hiewall Lake and 'The Tooth', it added.
READ: BTU Metals provides investors an exploration update on its Dixie Halo gold, silver, and copper project in Ontario
Meanwhile, so far, most of the work done following the TNT copper silver discovery, has focused on the area south of the discovery and future work will focus on the relatively unexplored areas to the north of, and in the immediate vicinity of the discovery, the company said.
"Anomalous gold was encountered in most of the drill holes in the TNT area and there are strong similarities between the rock units and alteration at the TNT area and the LP Fault area that hosts the world-class gold mineralization on the Kinross Dixie project to the northwest.
"The extension of the LP Fault structure, if it continues to the southeast on the Kinross project and beyond would be through the area north of the TNT discovery and the associated broad alteration that accompanies the mineralization," it added.
Assays from the company's winter drill program showed several holes returning over 100 parts per billion (ppb) gold, and results as high as 343 ppb of the precious metal.
These results are geochemically anomalous, reaffirming the potential of these target areas on the property to host gold mineralization, it said.
BTU Metals is a junior mining exploration company focused on its Dixie Halo project in the famous mining camp of Red Lake, Ontario, Canada.
Contact the writer at giles@proactiveinvestors.com