London BTC Company (LSE:BTC) has engaged Schiehallion Consulting to identify, evaluate and potentially acquire early-stage gold exploration projects in Nevada and Arizona.
The company, which mines Bitcoin and holds Bitcoin as its core treasury asset, frames the move as adding analogue gold exposure as a hedge while preserving a primary focus on Bitcoin accumulation.
Schiehallion has supplied an initial pipeline of targets prioritising areas with existing operational infrastructure, notable gold trends and established access.
Field operations begin on 29 April with teams on the ground in Nevada and Arizona conducting due diligence and reconnaissance sampling of targeted mineralised systems.
London BTC intends a phased programme of geological reconnaissance, sampling and assay validation before progressing to acquisitions in selected priority areas, subject to satisfactory results. It describes the approach as capital-light and high-convexity and says any profits from gold activities will be channelled into expanding its Bitcoin mining operations and Bitcoin held in treasury.
"This US gold strategy is very exciting for the Company and I'm pleased that we now have all the preparatory work done so we can embark on this venture with speed," said CEO Hewie Rattray.
