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

1549376522_lithium-100118-2.jpg
February 05 2019
Neo Lithium has a sizeable resource in one of the world's prime lithium locations
Electric car being charged
February 04 2019
Last year, the firm said it would buy L2 Cobalt Inc, which the firm believes is sitting on a cobalt-rich base metal deposit in Montana
1543325616_millennial-resource-expansion.jpg
November 27 2018
The company is successfully advancing its exciting Pastos Grandes project towards production

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

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