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2020-21 drill program returned consistently anomalous gold values and highly prospective geology
Victoria, British Columbia (Newsfile Corp. - June 1, 2021) - GoldON Resources Ltd. (TSXV: GLD) ("GoldON"
(1)
VANCOUVER, BC / ACCESSWIRE / May 11, 2021 / BTU METALS CORP. ( BTU or the Company ) (TSX:V:BTU)(OTC PINK:BTUMF) today announces the results of recently completed geophysical surveys and re-interpretation of various previously completed geophysical surveys as they relate to last year s TNT copper silver gold discovery in the Dixie Lake area near Red Lake, Ontario.
Highlights
TNT target - line 500S targets to be drilled immediately - two moderately to strongly conductive targets to be tested this month.
Both targets dip to the east and have conductivity values in the range of typical sulphide rich base metal mineralization.
The targets are interpreted to be more conductive than other areas of chalcopyrite pyrite mineralization intersected farther north on the TNT target.
Noble Capital starts coverage of Great Bear Resources and its potential Tier 1 gold deposit with Outperform rating
The broker s analysts noted that the company s activities are fully funded into 2022 and that it benefits from experienced management Tier 1 gold mines are generally defined as those that produce at least 500 thousand gold ounces per year, a mine life exceeding 10 years, and costs in the lower half of the industry cost curve, the Noble analysts said
Noble Capital has started coverage of Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) (FRA:0G6A) saying that its Dixie Lake project in Red Lake is a district-scale gold discovery with potential to become one of the world s few Tier 1 gold mines.