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Enertopia Announces Completion of Drilling Program - Awaiting Assays

By: Newsfile

Kelowna, British Columbia--(Newsfile Corp. - April 20, 2023) - Enertopia Corporation (OTCQB: ENRT) (CSE: ENRT) ("Enertopia'' or the "Company") a company focused on building shareholder value through a combination of our Nevada lithium claims, intellectual property, & pending patents in the green technology space, is very pleased to provide the following lithium project update.

We are happy to report that the final three additional drill holes have been completed, with all intersecting similar green claystone as reported on August 18, 2022. Lithium concentrations for all the drill hole data will be compared upon receipt of all assay numbers. A further 280 samples for the final remaining holes have been submitted to ALS for assay.

Summary from 2023 Drilling Program:

We were successful in outlining a broad area of green claystone ranging from 15 feet to 130 feet below surface. The thickness of the green claystone horizon varies from 50' to 195' in thickness. The thickest part of the deposit is still open to the west for over 800 feet, and to the Southwest for over 1,200 feet to the respective property boundaries. We estimate the green claystone deposit is still open to the east. All twelve holes ended in claystone and are open at depth. 12 holes were drilled for a total of 3,352 feet. 553 samples have been submitted for assay from the 2023 drilling program.

2023 Third Phase Drill Holes completed and reported today:

HOLE #From ft To ftClaystone Horizon ColorComments
DH23-11053Overburden
5397Green claystone
97105Ash tuff
105150Green claystone
150161Ash tuff
161217Green claystone
217225Ash tuff
224280Green claystone
280305Ash tuff
305316Green claystone
316335Dark gray claystone
335341Green claystoneEOH
DH23-10068Overburden
68193Green claystone
193206Dark gray clay
206219Tan, Gray, Green claystone
219304Dark green claystoneEOH
DH23-02073Overburden
73197Tan/green claystone
197234Tan/ dark green claystone
234251Dark green, black claystoneEOH

 

Observations from 2023 Drilling Program

Below the complete list of the 2023 drill hole intercepts and claystone intercept widths

HOLE #From ft To ftInterval in ftClaystone Horizon colorComments
DH23-010400Hole Depth
Interval49217169Green
Interval237400163Dark green, blackEOH
DH23-020251Hole Depth
Interval73197124Tan/ green claystone
Interval19723437Tan/green/gray claystone
Interval23425117Dark green, black EOH
HOLE #From ft To ftInterval in ftClaystone Horizon colorComments
DH23-030300Hole Depth
Interval276134Tan
Interval9918384Green
Interval183300117Dark green, black EOH
DH23-040286Hole Depth
Interval114268154Green
Interval27628610TanEOH
DH23-050352Hole Depth
Interval13019565Green
Interval22125534Green
Interval25532065Green and ash tuff
Interval32035232Green and Tan EOH
DH23-060137Hole Depth
Interval378750Green
Interval8713750Black with ash intervalsEOH
DH23-070181Hole Depth
Interval4610559Green
Interval11312411Green
Interval12418157Dark greenEOH
DH23-080247Hole Depth
Interval35165130Green
Interval16517914Dark green, black
interval17920728Green
interval20724740Dark green, blackEOH
DH23-090317OverburdenHole Depth
Interval100295195Green
Interval29531722Dark green, blackEOH
DH23-100304304Hole Depth
Interval68219151Green, gray or tan
Interval21930485Dark green, grayEOH
DH23-110341Hole Depth
Interval539744Green
Interval10515045Green
Interval16121756Green
Interval22428056Green
Interval30531611Green
Interval31633519Dark Gray
Interval3353416GreenEOH
DH23-120237Hole Depth
Interval1511196Green
Interval12914718Green
Interval14718134Dark green, black
Interval18119615Green
Interval19623741Dark green, black EOH

 


Inaugural 43-101 report

Upon completion of the 2023 drilling program (and once all assays are received), the Company will commission the writing of an inaugural 43-101 report for the West Tonopah Project, which covers 1,760 acres.

"I am extremely pleased with every hole in the 2023 drilling program intersecting what is believed to be the higher-grade lithium hosted green claystone horizon thus far. We look forward to a steady stream of news and advancements in 2023," stated President Robert McAllister.

For additional project details please visit our website at https://enertopia.com/.

The Qualified Person:

The technical data in this news release have been reviewed by Randy Henkle, P. Geol. a qualified person under the terms of NI 43-101.

On April 17 and April 18, I, Randy Henkle, QP for this project visited the project and observed drilling and sampling operations at DH23 -02. I also visited the sample storage facility for the project. All drilling and sampling operations that I observed were in compliance with CIMM Best Practice procedures.

All samples were submitted to ALS Global in Reno, Nev., for analysis by ME-ICP61 plus Lithium. standards were inserted into the sample sequences at random intervals.

About Enertopia

Defines itself as an Environmental Solutions Company focused on using modern technology on extracting lithium and verifying or sourcing other intellectual property in the EV & green technologies to build shareholder value.

Enertopia shares are quoted in the United States and Canada under ticker symbol ENRT. For additional information, please visit www.enertopia.com or call Robert McAllister, the President at 1-888-ENRT201.

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 the drilling will result in an economic deposit or have any positive impact on Enertopia. There can be no assurance that the four pending patents will become patents and have a positive impact on Enertopia. 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 OTC and CSE have not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163004

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