Enertopia Files Plan for Drilling
October 09 2018 - 8:00AM
InvestorsHub NewsWire
Enertopia
Files for Permit with BLM for Phase one Drilling
Kelowna, BC -- October 9, 2018 -- InvestorsHub
NewsWire -- Enertopia Corporation (ENRT)
on the OTCQB and (TOP)
on the CSE (the
"Company" or "Enertopia") is pleased to announce it has initiated
an application to the Bureau of Land Management (BLM), Nevada, for
an area of disturbance permit to allow the Company access for a
series of diamond drill holes on the Company’s Lithium project in
Clayton Valley, Nevada. The diamond drill program will consist of 4
diamond drill holes totaling approximately 1,500 feet. These 4
drill holes will allow the Company to provide an inaugural 43-101
project-wide lithium resource.
A fifth diamond drill
hole drilled to an estimated depth of 400 feet with the recovered
lithium enriched material being used for metallurgical and pH
solution testing. The Company will undertake systematic and through
solution testing of the drilled lithium enriched horizons. This
will enable the Company to map the subsurface horizons as per oxide
and reduced horizons and further differentiate the grade of Lithium
in solution that can be potentially recovered in a low CAPEX and
low-cost extraction methods. The company continues to move forward
with respect to recovering lithium from its synthetic brine
solutions.
Further information on
the proposed drilling program can be accessed at our corporate
website enertopia.com and clicking on Corporate Presentation on the
home page.
We look forward to providing detailed
updates as we move forward with respect to testing and drilling
results.” Stated President and CEO Robert McAllister
The Qualified person:
The technical data in this news
release have been reviewed by Douglas Wood, P.Geol a qualified
person under the terms of NI 43-101.
About Enertopia:
A Company focused on using modern
technology to build shareholder value. Enertopia is working
to establish a lithium resource and at the same time working on
extracting Lithium from its synthetic brine solutions by using
industry leading proven technology.
Enertopia shares are quoted in Canada
with symbol TOP
and in the United States with symbol
ENRT. For additional information, please visit www.enertopia.com or call Robert
McAllister, the President at 1.250.765.6412
This
release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
which are not historical facts are forward-looking statements. The
Company makes forward-looking public statements concerning its
expected future financial position, results of operations, cash
flows, financing plans, business strategy, products and services,
potential and financing of its mining or technology projects,
growth opportunities, plans and objectives of management for future
operations, including statements that include words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and other similar
expressions that are forward-looking statements. Such
forward-looking statements are estimates reflecting the Company's
best judgment based upon current information and involve a number
of risks and uncertainties, and there can be no assurance that
other factors will not affect the accuracy of such forward-looking
statements., foreign exchange and other financial markets; changes
in the interest rates on borrowings; hedging activities; changes in
commodity prices; changes in the investments and expenditure
levels; litigation; legislation; environmental, judicial,
regulatory, political and competitive developments in areas in
which Enertopia Corporation operates. There can be
no assurance that a lithium resource will be outlined at the
Clayton Valley, NV project or the bench testing for the brine
recovery system will be effective for the recovery of Lithium and
if effective will be economic or have any positive impact on
Enertopia. The proposed drill program is dependent on BLM approval
and rig availability. The User should refer to the risk disclosures
set out in the periodic reports and other disclosure documents
filed by Enertopia Corporation from time to time with regulatory
authorities.
The
CSE has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release
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