Enertopia Announces Clayton Valley Drilling Update
2018年12月18日 - 1:10AM
InvestorsHub NewsWire
Kelowna, BC
-- December 17, 2018 -- InvestorsHub NewsWire -- Enertopia
Corporation (ENRT) on the OTCQB and (TOP) on the CSE
(the "Company" or
"Enertopia") is pleased to
announce the first drill hole (TOP-04) was completed to a depth of
297 feet with the bottom of the hole still in the lower green
claystone. The upper claystone was intersected at 42 feet and the
reduced zone was intersected at 82 feet and the lower claystone
intersected at 212 feet. Drill hole TOP 04 confirms the mineralized
lithium claystone assemblage remains intact on the northern part of
the company’s property, as was intersected in hole DCH-09 by
Cypress Development west of our claim
boundary.
Drilling Update as of December
15
Drill hole TOP-02 has been drilled to a
depth of 258 feet and drilling continues with the drill bit in
reduced claystone. The upper claystone was intersected at 7 ft, but
down-hole problems did not allow for the upper claystone to be
properly cored until a depth of 22 feet. Reduced claystone was
intersected at 96 feet.
Drill-hole TOP-02M (metallurgical test
hole) has been drilled to a depth of 235 feet so far. TOP-02M
intersected claystone at a depth of 7 feet, but downhole problems
did not allow for the claystone to be properly cored until 20 feet.
Reduced claystone was intersected at 86 feet and drilling continues
in the reduced zone.
Drilling has not yet started on drill
holes TOP-1 and TOP-3.
Sample prep is currently underway on drill
hole TOP-04.
CEO Robert McAllister completed an
onsite interview with Proactive Investors live at hole TOP-04 with
link below.
https://ca.proactiveinvestors.com/companies/stocktube/11585/enertopia-corp-show-off-drilling-program-in-clayton-valley-nevada-11585.html
A project drilling presentation
will be available on the company’s website after the drill holes
are completed and logged.
“While we are not surprised that we are
intersecting the three distinct lithium bearing claystone’s on our
project we are excited that the estimated thickness of the horizons
has been what we have calculated internally thus far.” 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 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 rig
availability, weather and drilling conditions. 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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