Kelowna, British Columbia--(Newsfile Corp. - June 30, 2022) - Enertopia Corporation (OTCQB: ENRT) ("Enertopia'' or the "Company") a company focused on building shareholder value through a combination of our Nevada Lithium claims, intellectual property, & patents in the green technology space, is very pleased to provide the following update.
Enertopia is delighted to report the following drilling update. As of June 27th, the additional drill holes DH-04, 10, 16, 19, and 20 were completed to depth's of 190ft, 170ft, 200ft, 200ft, and 200ft; each with all five holes ending in claystone. Overburden varied from 30 feet to a maximum of 70 feet on the above holes. Following these results; 39 selected drilling intervals have been submitted to ALS Geochemistry for premium rush analysis, and another 102 samples were submitted for analysis.
The second phase of drilling has resulted in the confirmation that the lithium claystone horizon was far thicker than originally expected, and pending rush assay results are now expected before the end of July. Preliminary steps now underway for a larger and deeper drilling program in the fall of 2022.
The Company will also be providing a further drilling update in July after all the rush assay's have been received from the completed drilling program.
"The Company looks forward to the deeper drilling and ultimately the assay results in due course," 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 Douglas Wood, P.Geol a qualified person under the terms of NI 43-101.
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 on the OTC Markets 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 West Tonopah project will ultimately have a drill defined resource and if so that that resource will be economic. 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 OTCQB has 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/129485