Another Red Lake-focused junior based outside of Ontario
is Vancouver-headquartered BTU Metals (TSXV: BTU), which
joined GBR on the TSX Venture 50 list in 2020 thanks to a share
price appreciation of 191%. BTU’s Dixie Halo project, a 200
km2 property that surrounds GBR’s Dixie project, was acquired
after completing six separate land transactions, according to
CEO, Paul Wood. “This area of the Red Lake camp is dramatically underexplored – only twenty holes had been drilled on
our entire property by the time we acquired it,” said Wood,
adding: “BTU is really the first group to seriously explore this
land package, which is an incredible opportunity in such a marquis mining camp.”

See full GBR Report p44


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