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BTU Metals buys Galway gold project in Ireland

BTU Metals Corp. said May 22 that it accelerated the terms of an agreement to acquire Gold Note Ltd., which holds the Galway gold project in Ireland.

In July 2017, the company inked an option deal with an undisclosed party to acquire the project.

BTU Metals will make a final cash payment of C$150,000 and issue 600,000 shares. As a result, it now fully controls the 160-square-kilometer project.

The company, meanwhile, has funding in place for the previously announced drill program on the project, which is expected to commence soon. Permitting is underway and BTU Metals is evaluating contract bids for the drill program.