BTU Metals Corp. Acquires Two Prominent Gold Properties in Wawa District

VANCOUVER, BC / ACCESSWIRE / June 13, 2024 / BTU Metals Corp. ("BTU") (TSXV:BTU, OTCQB:BTUMF) has secured a 100% stake in the Echum Gold Project and the Hubcap Gold Project in the Wawa gold area, northern Ontario. The acquisitions position BTU adjacent to Alamos Gold Inc. and Red Pine Exploration Inc., respectively.

Both properties feature historic gold mineralization yet have not seen substantial exploration in recent years. The Echum property lies next to Alamos’ Island Gold Mine, while the Hubcap property aligns with geological trends explored by Red Pine. Notably, Hubcap includes the historic Centennial Gold Mine, last operational in the 1930s.

Each property encompasses extensive gold claims and holds no significant financial obligations beyond minimal net smelter royalties. Existing data from neighboring operations will assist BTU in pinpointing prime exploration targets swiftly.

BTU CEO, Paul Wood, expressed optimism about the strategic acquisitions and highlighted plans to commence exploration imminently. The total acquisition cost included CAD$25,000 and 5 million BTU treasury common shares, with obligations limited to net smelter royalties.