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Enertopia Corp. (TOP: CNX) (OTCBB: ENRT)

 

StockGuru Canada Welcomes Enertopia Corp.
(TOP: CNX) (OTCBB: ENRT)

Enertopia Corporation is working rapidly to fund and move forward with its Copper Hills Projects in New Mexico and its Arizona Project.  These projects plan to eventually extract both copper in silver at the Copper Hills, New Mexico location and gold, silver and copper from its Arizona location. 

Enertopia’s Copper Hills Project shows some promise as their is evidence of both copper and silver on the property that might be mined at reasonable cost based on reports the Company has contracted for over the past year.  Copper oxide is clearly visible on rocks at the location in several areas. Images of this are included in this presentation. Further, on two occasions samples have been taken that have shown both silver and copper.  

As noted on the Enertopia’s web site and it reports available from its web site, in the 1950′s a 350 ton bulk sample was taken. That sample showed returned values of 0.81% copper and 3.01 ounces of silver per ton.  As stated on the Company’s web site, five air blast rotary holes reportedly revealed near surface copper oxide intervals in each hole.  Also noted, in 2008 a private company completed a sampling program and came up with returns of “up to 1.18% Copper and 27g Silver.”  (source)   Additionally stated, the ground magnetics indicated that there are eighteen linear and six structural features at depths that warrant follow up work.

 

Additional Assessments on the Copper Hills Property:

In 1976, there was another assessment made on the property by Wilkinson.  See the image below:

 

 This image shows the potential “Mineralized Zone.”  Now – we always have to take a step back and realize that until a lot of samples are taken, these are just the experts best conclusions. 

 

Report by Wiese from April of 2011: 

Important information from a report from I-Cubed LLC of Tucson, Arizona and Principally Authored by Claus G. Wiese, P. Eng.

QUOTING:

Structurally the property is situated within a north-northwest trending uplifted block bounded to the east by the ‘Mulligan Gulch’ graben. Three major structural trends are present at Copper Hills. The west-northwest trending ‘Capitan’ lineament is a prevolcanic feature that was reactivated in the Oligocene. The northeast to east-northeast trending ‘Morenci-Magdalena’ lineament is also a basement feature that in part controlled deposition of the Nipple Mountain tuff. The north to 335° trend reflects the monoclinal eastern edge of the uplifted block and controlled the emplacement of intrusive stocks and later Basin and Range faulting. Convergence of the three structural trends in the vicinity of the Copper Hills prospect resulted in an intense shattering of the rocks.

Mineralization at Copper Hills includes fracture controlled and disseminated copper oxides (plus silver) at the Copper Hills prospect and epithermal gold-silver veins. Wilkinson (1976) describes previous work conducted on the property. Various stakeholders held mining claims in the area almost continuously between 1950 and 2007. During the 1950’s minor copper oxide production from the Copper Hills main outcrop took place and five short holes were drilled. In 1968 the Banner Mining Company reportedly drilled a deeper hole to 1,622 ft (494.5 m) and intersected pervasive propylitic alteration with abundant fresh and oxidized pyrite throughout the hole. Samples taken from the last 100 ft reportedly contained small amounts of pyrite plus chalcopyrite, sphalerite and galena. Numerous other prospecting pits and shafts are found on the property and most appear to be related to exploration and minor extraction of minerals associated with epithermal vein type systems.

The deposit model being investigated by Wildhorse Copper for economic potential at the Copper Hills project is that of epigenetic supergene Cu-Ag deposits.

The most recent exploration work done at Copper Hills was by Coyote Copper in the early part of 2008 which included a ground magnetics geophysical survey, followed by a reconnaissance and field verification mapping and rock chip sampling program and a soil sampling geochemical survey. The author of this report visited the Copper Hills project during that time in early February, 2008 on behalf of Coyote Copper.

Compilation of historical information on the Copper Hills prospect combined with the outcome of the above mentioned exploration work, as carried out by Coyote Copper and its consultants, have herein resulted in a recommendation for further work to be performed by Enertopia Corporation.

We encourage you to read the full report  - Click Here to Download in PDF

 

Where is the Copper Hills Project?

Let’s look more closely at images from the Copper Hills project. Below, see an image of the rocks. Note the visible copper oxide. This is very meaningful.

 Below you see the same picture zoomed in for clarity:

The Arizona Project:

UPDATE: MILDRED PEAK, ARIZONA

 

 

 

 

Mildred Peak is a gold, silver, copper project located about 65 miles southwest of Tucson, Arizona, covering approximately 7,460 acres. The Mildred Peak project has had chip sampling, trenching and diamond drilling. Early results point to the potential for near surface bulk gold, silver and copper deposits.

Mildred Peak is a gold, silver, copper project located about 65 miles southwest of Tucson, Arizona, covering approximately 7,460 acres. The Mildred Peak project has had chip sampling, trenching and diamond drilling. Early results point to the potential for near surface bulk gold, silver and copper deposits.

The Mildred Peak area was historically the site of two gold mines; the Gold Bullion and Jupiter mines, as well as numerous smaller mines. Subsequent drilling, sampling and trenching by earlier companies revealed the potential for the property to host gold, silver and copper deposit(s).

The Mildred Peak area, along the most of the Baboquivari Mountains make up the lower plate of the Baboquivari thrust. The Baboquivari Mountains region contains sedimentary, volcanic and intrusive rocks that were originally part of a Jurassic continental magmatic arc. These rocks were then subjected to a Late Cretaceous and early TertiaryThe presence of lower grade gold occurrences associated within quartz veins in the argillite-greenstone unit near Mildred Peak also indicate that there is also potential for shear hosted mesothermal gold deposits. Below are trenching results from the North Zone of Mildred Peak:

Three trenches returned gold values of:
• 1.24g/t over 210’
• 0.91g/t over 230’
• 1.48g/t over 98’episode of metamorphism and thrusting.

The formation of Carlin-type deposits is usually attributed to epithermal hydrothermal processes associated with the emplacement of highlevel felsic intrusions and rhyolitic volcanism, which are clearly present in the Mildred Peak region. Below gold and silver results from one of the southern drilling areas:

 

Link to new information on Mildred Peak on the Enertopia Website:

http://www.enertopia.com/s/MildredPeak.asp

Link to PDF to download with this information.

All information above was quoted from the above PDF located on the Enertopia website.

 

 

Reports & Presentations:

• First is the “COPPER HILLS PROPERTY INDUCED POLARIZATION SURVEY GIS DATABASE” – Authored by James L Wright, M.Sc., of Wright Geophysics – Report date August 25, 2011 -   Download (PDF)
• Second is the “Technical Report on the Copper Hills Property” – Principle Author is Claus G. Wiese, P. Eng., of I-Cubed LLC – Report date April 30, 2011 - Download (PDF)
• Enertopia Corporation – Presentation  - Download (PDF)

Both reports and the Enertopia Corporate Presentation are also available for download on the Enertopia web site at this page: 
http://www.enertopia.com/s/CopperHill.asp

 

Key News from Enertopia:

 October 03, 2011 – New Investor Relations Consultant; Options Granted – TheNewsWire

Summary:  

Vancouver, BC—Enertopia Corporation (ENRT-OTCQB) (TOP-CNSX) (the “Company” or “Enertopia”) announces that it has appointed Mr. Peter Grandich as Investor Relations Consultant. Mr. Grandich will assist the Company with the development and implementation of a public and investor relations and communications program, and provide ongoing assistance to the Company regarding the development and enhancement of the Company’s public and market image.

Mr. Grandich is the founder of Grandich.com and Grandich Publications, LLC, and is editor of The Grandich Letter, which was first published in 1984. Mr. Grandich is based in New Jersey, USA and provides research, analysis, and investor relations services for certain of the companies featured in the articles appearing in his publications (each a “Featured Company”). Featured Companies pay fees to Mr. Grandich that include securities-based compensation. Mr. Grandich’s expertise is expected to be of significant value to the Company as it moves forward.

READ FULL RELEASE

  

 September 12, 2011- IP Geophysical Survey at Copper Hills Identifies Potential Porphyry Copper Mineralization – TheNewsWire

Summary:  

Vancouver, BC—Enertopia Corporation (ENRT-OTCBB) (TOP-CNSX) (the “Company” or “Enertopia”) is pleased to report that the IP/ Resistivity Survey for Copper Hills, New Mexico has been successfully completed.

The ground based geophysical survey included 26.9 line kilometres and was designed to identify disseminated sulphide targets representing potential porphyry copper mineralization. Several chargeability anomalies were discovered on the project with the largest anomaly being south and west of the main Copper Hills surface oxide showings.

READ FULL RELEASE

 

 September 08, 2011 – Enertopia Proposes Financing of $800,000 – TheNewsWire

Summary:

Vancouver, BC—Enertopia Corporation (TOP-CNSX) (ENRT-OTCQB) (the “Company” or “Enertopia”) announces its intention to complete a financing in the amount of $800,000.

This is a non-brokered private placement financing consisting of up to 8,000,000 units at CDN $0.10 per unit to raise gross proceeds of up to CDN$800,000 (the “Private Placement”). Each unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share in the capital of the Company for a period of two years from the date of issuance, at a purchase price of US$0.30 per share.

READ FULL RELEASE

 

 

Friday, August 12, 2011 – Selective Chip Sample Assays of 13.2 g/t and 17.2 g/t Gold; and 185.0 g/t and 2,430.0 g/t Silver Announced by Enertopia – TheNewsWire

Summary:

-MP-008: 13.2 g/t Au 96.0 g/t Ag 0.0% Cu. Selective chip sample of historic high grade gold pit on 1,800 acres under ROFR.

-MP-010: 0.3 g/t Au 97.1 g/t Ag 0.0% Cu. Selective chip sample of surface rock second on 5,000 acres under binding LOI.

-MP-030: 0.0 g/t Au 185.0 g/t Ag 1.5% Cu. Selective chip sample on 1,000 acres under ROFR.

-MP-036: 17.2 g/t Au 2,430.0 g/t Ag 16.1% Cu. Selective chip sample on 1,000 acres under ROFR.

As announced on July 21, 2011, Enertopia signed a binding LOI to option 100% of approx 5,000 acres of State Mineral Exploration Permits in Arizona, USA. As part of the same agreement, the company has also signed an ROFR (Right of First Refusal) on ~1,000 acres of federal mining claims and a ROFR on ~1,800 acres of state and federal lands. All lands are adjacent to each other with specific locations not being disclosed at this time for competitive reasons.

Twenty-eight samples were collected from the above three land packages, and analysed by Skyline Laboratories, an ISO accredited facility based in Tucson Arizona, for gold, silver and copper.

READ FULL RELEASE

 

The Management and Board of Directors:

• Chris Bunka – CEO, Chair
• Robert McAllister – President
• Bal Bhullar, CGA, CRM – CFO
• Gerry Carlson, PhD – Geological Engineering, Director
• Greg Dawson, MSc, PGeo, Director
• Don Finday, MSc, Geo  – Director

 

 Management and Director Biographies:

 

Robert McAllister – President and Director

Mr. McAllister has served as our president since November 2007 and as a director since April 2008. From May 2004 to August 2007 Mr. McAllister was responsible for Investor and Corporate communications for Redhawk Resources Inc., an Canadian junior mining company focused on base and precious metals projects in the United States. Mr. McAllister has also provided and written business and investment articles from 1996 to 2006 in various North American publications. 

Chris Bunka – CEO, Secretary, Treasurer and Director

 Mr. Bunka has been CEO of several privately-held holding companies over the last 25 years. He is a venture capitalist and corporate consultant, business commentator and author.  He delivers extensive experience in the capital raising markets, corporate governance, project acquisition and finance. He is a director of Defiance Silver Corp (DEF-TSXV) and Chairman of Lexaria Corp (LXX-CNSX).

Bal Bhullar – CFO

Ms. Bhullar is a Certified General Accountant and brings over 18 years of diversified financial and risk management experience in both private and public companies, in the industries of high-tech, film, mining, marine, oil & gas and energy. Among some of the areas of experience, Ms. Bhullar brings expertise in financial & strategic planning, operational & risk management, regulatory compliance reporting, business expansion, start up operations, financial modeling, program development, corporate financing, and corporate governance/internal controls. 

 Gerry Carlson – Director

Dr. Carlson has been involved for over 35 years in managing mineral exploration and mining development companies. His experience has focused on precious and base metal deposits around the Pacific Rim, mostly within North America, Mexico and Central America. Mr. Carlson is currently President and CEO of Windstorm Resources Inc. He is former Chairman of IMA Exploration; former President of Nevada Star Resource Corp; and a former director of La Tako Resources Ltd, Almaden Resources Corp, and several others.

 Greg Dawson - Director

 Greg Dawson has worked in the resource exploration business for over 25 years with Teck Exploration Ltd. and more recently as President of Redtail Metals Corp a TSXV company. From 2004 to 2010 Mr. Dawson was VP of exploration of Copper Ridge Resources, and was also responsible for the evaluation of acquisition opportunities, with emphasis on world class copper gold porphyry deposits and precious metal enriched VMS deposits.

 Donald Findlay - Director

Don Findlay has worked in the resource exploration business since 1980. He has worked in different capacities from consultant to the positions of Senior Exploration Geologist and Exploration Manager. Mr. Findlay completed his MSc in geology in 1978 with his thesis on copper molybdenum porphyry deposits.

 Joe Sandberg – Advisor

Mr. Sandberg has spent more than 40 years in the mining industry, mostly focused on the US southwest. He has extensive experience in both base metal and precious metals project development in open pit and underground situations. He is currently CEO of Redhawk Resources and previously held various management positions with several major mining companies.

 

Contact:

 

Enertopia Corporation
Suite 950 – 1130 West Pender Street
Vancouver BC V6E 4A4

Phone 604-602-1633
Fax 604-685-1602

 

Mr. Robert McAllister, President
Ph 250.765.6422
[email protected]

 

Mr. Chris Bunka, CEO
Ph 250.765.6424 
[email protected]  

 

 

Enertopia Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Enertopia Corporation. We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. Pentony Enterprises expects to be compensated seven thousand six hundred dollars for coverage if active a full six months. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Enertopia, its web site, its filings, and its news releases were the only sources for this information. What follows is the “forward looking statements disclosure” that Entopia has used. Please read this fully and consider it when reviewing this profile.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. 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, evaluation of clean energy projects for participation and/or financing, competitive positions, 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. Forward-looking statements include, but are not limited to, statements regarding potential reserves, exploration results, development or production programs, capital and operating expenditures, future revenue estimates, ability to produce or concentrate, availability of future financing and future plans and objectives of Enertopia Corporation. Actual results relating to, among other things, reserves, results of exploration, capital costs, corporate finance, and production costs could differ materially from those currently anticipated in such statements. Some but not all of the factors affecting forward-looking statements include: the speculative nature of mining exploration, production and development activities; changes in reserve estimates; the productivity of Enertopia’s proposed properties; changes in the operating costs; changes in economic conditions and conditions in the resource, foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates; technological, and mechanical and operational difficulties encountered in connection with Enertopia’s exploration and development activities. The 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 Company’s evaluation of alternative energy projects in the heat recovery, solar thermal, solar PV and water purification; and of resource projects provides no assurance that any particular project will have any material effect on the Company. There is no assurance that the Copper Hills property or exploration thereof, will have any measurable impact upon the Company. There is no assurance that the selective chip sample results reported herein are in any way indicative of the presence of a potentially economic ore body.