BTU Metals Corp. has announced plans for a 1,000-metre drill campaign at the company’s Shakespeare Gold project, located about 85 kilometres west of Sudbury.
In a Nov. 14 news release, BTU said drill permits are in place and crews have been mobilized to the property, which is near the town of Webbwood.
Work will include using existing geophysical work to examine anomalies discovered in 2012, which are interpreted to extend from historic underground workings. That will be followed by a drill campaign of 1,000 metres.
The last drilling on the property took place in 2014 when it was owned by Prophecy Platinum (now Wellgreen Platinum). BTU acquired the Shakespeare property from Wellgreen in February when Wellgreen sold off all its Ontario assets, compiled as Ursa Major Minerals.
The Shakespeare Gold project covers more than 500 hectares, with the historic Shakespeare Mine at its centre.
Historic sampling in the western part of the mine area was traced for approximately 4.5 metres (15 feet) with grades of 1.12-1.85 ounces per ton gold over an average width of 1 metre (3.5 feet).
“Our review of data acquired with the project suggests that the mineralization at the Shakespeare Mine may continue along strike from the historic workings, and we will pursue that with drilling in our present program,” BTU’s CEO, Paul Wood, said in a release.
“Additionally, the Shakespeare Mine area is only a small portion of the total potential of the entire claim package, and we anticipate a busy field season as we explore other historic workings along the trend.”
In addition to the Shakespeare property, Vancouver-based BTU Metals Corp. additionally holds the Galway Gold property in Ireland.