Sign up Australia
Proactive Investors - Run By Investors For Investors

Enertopia shares advance as it stakes Clayton Valley lithium claims

Enertopia said that further sampling was planned from the area, including collecting bulk samples,
Enertopia shares advance as it stakes Clayton Valley lithium claims
The claims are in Clayton Valley, Nevada

Shares in Enertopia Corp (CSE:TOP) raced up over 9% in Toronto as it revealed it has acquired claims in the lithium hotspot - Clayton Valley, Nevada.

Last month, various outcrops were investigated and 16 samples were bagged up and delivered to a lab in Reno for analysis.

Significantly, work there, showed the high solubility of the contained lithium, meaning it should be possible to create a brine suitable for extracting lithium using partner Genesis Water Technologies patent pending extraction technology.

"The company is extremely pleased with this project as it exceeds all the internal parameters that the company had set out to achieve (high lithium values at surface, excellent road and access to power)," said president of Enertopia, Robert McAllister.

Enertopia said that further sampling was  planned, including collecting bulk samples, which will be used for internal leach tests, while a more detailed outcrop mapping and surface sampling program will be conducted shortly to identify future hole locations.

Notably, recent diamond drilling (DD) in 2017 just a few hundred feet west of the claims returned 1,014 parts per million (ppm) lithium over 281 feet from a depth of 27 feet to 308 feet.

Another third party north east of the Enertopia claims has completed a shallow 46 hole program that resulted in similar lithium grades as the deeper diamond drill hole to the west.

Enertopia shares added0.09% to C$0.06 each.

View full TOP profile View Profile

Enertopia Corp Timeline

Related Articles

August 02 2018
Neo Lithium has one of the highest grade, lowest impurity lithium projects in the world
The geology is highly promising, the upside is significant, and drilling will get underway soon

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use