Resource World Magazine

D E C E M B E R / J A N U A R Y 2 0 2 0 www.resourceworld.com 41 elevated copper, gold and silver numbers. BTU is awaiting the remaining results and over-limit assays (>1% Cu) for numerous copper intervals. Additional drill permits have now been received and drilling test- ing this location. Drilling of holes 12 and 13 identified polymetallic mineralization, including chalcopyrite, copper and gold, which is extremely rare. BTU immediately commis- sioned a VTEM survey which has provided further evidence of a potential VMS target. The newly discovered prospective area has been named the "TNT Target". CEO Paul Wood said, "The discovery of the new TNT Target, several kilometers away from the Dixie Creek Target, adds a new dimension to our exploration. While we continue to pursue our gold targets, soon to be aided with the SGH survey analysis, we are now eager to also pursue the potential of a VMS situation at the TNT Target." BTU is expanding their land package by 1,913 hectares that adjoin the eastern and southern boundaries of the Dixie Halo Project for a total of 14,813 hectares. Great Bear Resources Ltd. [GBR-TSXV; GTBDF-OTC] has been an inspiration for other explorers to acquire mineral lands in the Red Lake Gold Camp. The company holds a 100% interest in its road-accessible flagship Dixie property – a 15-minute drive from downtown Red Lake – where five high-grade gold discoveries have been made in the past two years; namely, the Dixie Limb Zone, the Hinge Zone, the Bear-Rimini Zone, the Yuma Zone and the Auro Zone. Great Bear geologists have confirmed that gold mineralization occurs along a 3.2- km strike of an 18-km target. The sys- tem at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 g/t gold and 7.00 metres of 68.76 g/t gold and is open along strike and at depth. Of note, recent drilling has discovered the new near-surface high-grade Yauro Zone at Dixie that returned 10.32 g/t gold over 18.20 metres; 5.60 g/t gold over 25.25 metres; and 16.60 g/t gold over 6.00 metres. The Yauro Zone is located half way between the Yuma and Auro Zones along the LP Fault 380 metres southeast of the Yuma Zone discovery and 390 metres northwest of the Auro Zone. The company is fully funded to complete a 90,000-metre drill program without the need for funding through to the year 2020. Golden Goliath Resources Ltd. [GNG- TSXV; GGTHF-OTC; Germ.] has completed Induced Polarization (IP), Magnetic and VLF-Electromagnetic surveys on its Kwai property in the Red Lake District. The IP survey traced shear zones parallel to Pakwash Structure at volcanic-sediment contact. Numerous drill targets were iden- tified in thin overburden cover, previously untested. Deep Seated Faults were found to correlate to main Mine trend at Red Lake. The Kwai property is contiguous to the south side of the BTU Minerals prop- erty which is adjacent to the new Dixie Lake discovery of Great Bear Resources. Diamond drilling is planned. International Montero Resources Inc. [IMT-TSXV; IMTFF-OTC; O4T1-FSE] has acquired an option to earn a 75% interest in the 2,250-hectare Camping Lake prop- erty from Falcon Gold Corp. [FG-TSXV] for cash and shares, subject to royalties. The Camping Lake properties are about 20 km south of the recent Great Bear Resources Dixie Lake high-grade gold discoveries. During 2010 to 2013, the Camping Lake property area saw extensive programs com- pleted by Laurentian Goldfields, Kinross Gold and Anglo Gold which included petrographic studies; diamond drilling; rock, soil, and lake sediment samples; IP/ Ground Geophysics, etc. Compilation of all the available assessment work data is assisting the planning of an inaugural exploration program. In late November, Newmont Goldcorp Corp. [NEM-NYSE; NGT-TSX] sold its Red Lake gold mine to Australia's Evolution Mining Ltd. [EVN-ASX] for US $375 in cash. Expected closing is Q1 2020. Evolution also agreed to pay an additional US $100 mil- RED LAKE

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