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Be the first with the news that moves the market- Enertopia Corporation (CSE:ENRT) has commenced drilling at its West Tonopha Lithium project in Nevada
- The program is for 12 holes with maximum drilling depths of 450 feet for each hole
- The focus of the program will be on completing drill holes into known areas of the higher-grade upper claystone horizon
- Once the program is complete, the company will have an inaugural 43-101 report commissioned
- Shares of Enertopia are down 6.67 per cent on Tuesday to C$0.07 as of 11:18 a.m. EST
Enertopia Corporation (ENRT) has commenced drilling at its West Tonopah Lithium project in Nevada.
According to a press release, the program is intended to drill 12 holes with maximum drilling depths of 450 feet for each hole. In total, the program has an estimated 5,400 feet of drilling.
The company said the program will focus on drilling holes into the known areas of the higher-grade upper claystone horizon, which spans roughly 640 acres.
Based on 2022’s drilling data and the proposed 2023 drilling program, Enertopia anticipates it will have a measured/indicated and inferred resource over the estimated 640 acres.
“I am extremely pleased that the hard work from prior years has set the stage for the next phase of corporate development and look forward to a steady stream of news and advancements in 2023,” Robert McAllister, president of Enertopia, said in a release.
Next steps
Once the drilling program is completed, the company will have an inaugural 43-101 report commissioned for the project.
Moving into 2024, Enertopia said it might potentially look at having a feasibility study completed for the project.
Enertopia is an environmental solutions company that uses modern technology to extract lithium and verifies and sources other intellectual property in the electric vehicle and green technology industries.
Shares of Enertopia are down 6.67 per cent on Tuesday to C$0.07 as of 11:18 a.m. EST.
