Proactive Investors - Run By Investors For Investors

Enertopia drilling rig mobilized at lithium project in Clayton Valley, Nevada

A diamond drill rig will run 24 hours a day until the planned five holes are completed, likely before the holiday season
The chemical symbol for lithium
Enertopia expects four drill holes to provide an inaugural lithium resource

Enertopia Corp (CSE:TOP) (OTCMKTS:ENRT) said Friday that a drilling team has been sent to begin work at the company’s lithium project in Clayton Valley, Nevada.

The Kelowna, British Columbia-based company said in a press release that a diamond drill rig will run 24 hours a day until the planned five holes are completed, likely before the holiday season.

READ: Enertopia chief looking forward to low-cost drilling program in Clayton Valley

The company expects the five diamond drills to total 1,500 to 2,000 feet. Four drill holes will allow it to provide an inaugural 43-101 project-wide lithium resource, Enertopia added, referring to a mining industry standard of disclosure. 

A fifth diamond drill hole will be drilled to an estimated depth of 350 feet, with the recovered lithium-enriched material to be used for metallurgical and pH solution testing, according to the company.

''We look forward to providing drilling program updates via Skype if possible, dependent on the internet connection, as drilling progresses,” CEO Robert McAllister said in a statement.

Shares of Enertopia traded at C$0.03 in Thursday’s Canadian trading. They were at US$0.02 on the OTC Markets.

 

Contact Dennis Fitzgerald at [email protected]

View full TOP profile View Profile

Enertopia Corp Timeline

Related Articles

1543325616_millennial-resource-expansion.jpg
November 28 2018
The company is successfully advancing its exciting Pastos Grandes project towards production
1507023730_Neolithium-01.JPG
August 02 2018
Neo Lithium has one of the highest grade, lowest impurity lithium projects in the world
1539824134_GLN-western-basin-targets-757.jpg
October 18 2018
The newly-discovered prospective areas represent a 24% increase in the company's total potential surface brine coverage bringing it to about 7,800 hectares.

© 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