SPECIAL UPDATE: MILDRED PEAK, ARIZONA
Above: Example of Terrain at Mildred Peak, Arizona Property
Details on Mildred Peak, Arizona Property on the Enertopia Website.
Here are some of those details – PLUS – a PDF to download:
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.
Most Recent News:
Enertopia Acquires Mildred Peak, Arizona Property
Vancouver, BC—Enertopia Corporation (ENRT-OTCBB) (TOP-CNSX) (the “Company” or “Enertopia”) announces the definitive agreement for the Mildred Peak, Arizona project has been completed.
The Mildred Peak property is located approximately 65 miles south west of Tucson, Arizona. The property covers approximately 6,220 acres. Historic work on the project has included surface sampling, trenching and drilling of both high grade gold / silver targets and lower grade bulk tonnage potential gold / silver targets. The Property was drilled by Golden Arch Resources in 2004 and 2006. Below are summary results from three diamond drill holes from one area which appears to be open in all directions:
(Note: the historic drilling results have not been verified and the true thickness of the zone is not known.)
Surface rock chip and trench sampling by Golden Arch Resources between 2003 and 2005 from three separate zones in the project area has returned values of copper, silver and trace gold as summarized below:
Note: The historic rock chip samples in Area A were taken from the area south east from Mildred Peak in rolling topography along with the 60 meters of trenching. Rock chip samples from Area B were taken from the western project area covering 500 meters by 250 meters. The historic surface trenching of 180 meters was taken inside a larger area of 300 meters’ x 500 meters and is along a hill slope in the property’s south western quadrant. The trench sampling was confirmed by Enertopia personal during a May 2011 site visit and the sampling results released by Enertopia on August 12, 2011 have confirmed the historic sample numbers
Area B and C are separated by a distance of 1,000 meters running NE to SW and Area A is 800 meters to the ENE of Area B.
Historic work at Mildred Peak goes back to the late 1800′s. The property has multiple historic exploration pits where high grade gold and silver were mined in the past. The Jupiter and Gold Bullion mines at the northern end of the project area were the two main producing mines with limited production of high grade gold-silver material. Past work had focused on sourcing additional high grade deposits.
Enertopia believes there are near term opportunities to potentially identify ounces in the ground from several large areas of near-surface, bulk tonnage style mineralization. Mineralization varies from the north east areas where gold, copper and silver is associated with pervasive siliceous alteration in felsic conglomerates and argillites to the south west areas where mineralization is mainly copper associated with iron and manganese oxides in argillites and felsic volcanics.
The terms of the agreement are as follows: Enertopia has previously paid $15,000 and is obligated to make $866,000 in additional cash payments staged over 5 years. Enertopia will also issue 1,000,000 common shares in payments over a 4-year period. In return, Enertopia will acquire a 100% interest in the Mildred Peak property, subject only to a 2.5% Net Smelter Returns Royalty.
“We are excited about signing the definitive agreement on Mildred Peak. Our due diligence has confirmed multiple targets for the discovery of potentially significant gold, copper, and silver mineralization,” said Robert McAllister, President. “We will initially focus on the potential for bulk tonnage mineralization by following up the historical surface sampling an initiating a comprehensive drill program.
Donald Findlay, MSc. Geo., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this press release.
About Enertopia
Enertopia’s (www.enertopia.com) shares are quoted in the USA with symbol ENRT and in Canada with symbol TOP. For additional information, please visit www.enertopia.com or call Robert McAllister, President, Enertopia Corporation at 1.250.765.6422
Media Contact:
Pat Beechinor, Media Relations, Enertopia Corporation
403.463.4119 or [email protected]
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 Company will make all the required payments of cash and/or stock in future years that are required to acquire the Mildred Peak interest.
The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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 Cpper 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.
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:
Large mineralized project area covering nearly 8,000 acres. Divided into two exploration blocks: NORTH and SOUTH
NORTH:
* Right of first refusal on northern block covering about 1,790 acres.
* Several gold and silver-rich veins were mined with reported grades over mining widths of 4 to 5 feet of:
*0.55 oz/t to 1.60 oz/t Gold
*11.7 oz to 17.5 oz Silver
Three trenches returned gold values of:
* 1.24g/t over 210’
* 0.91g/t over 230’
* 1.48g/t over 98’
(CONTINUED… PLEASE SEE FULL PROFILE BY CLICKING HERE)
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.
