via OTC PR WIRE — 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 was 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 thorough solution testing of the drilled lithium enriched horizons. This will enable the Company to map the subsurface horizons as per oxide, and reduce horizons to further differentiate the grade of Lithium in the solution that can potentially be recovered in a low CAPEX with 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 on our corporate website enertopia.com by 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.
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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