VANCOUVER, BC / ACCESSWIRE / October 7, 2016 / Enertopia Corporation (ENRT) (CSE:TOP) (the "Company" or "Enertopia") is excited to announce it has accelerated the November 12 property option payments.
The Company is pleased to announce that it has issued 175,000 shares and $5,000 to satisfy the November 12, 2016 property option payment of $12,000 that was to have been paid in cash to the property vendor.
The Central Nevada Lithium Brine Project covers three basins with elevated surface Lithium (Li) samples that were reported in a 1976 USGS report (Lithium in sediments and rocks in Nevada, 1976, Bohanan and Meier, U.S. Geological Survey). All three basins exhibit six key exploration metrics for the ability to host an enriched Lithium brine deposit:
1) Each project features a gravity low indicating deep basins for brine accumulation
2) Lithium Bearing Source rocks
3) Projects located in (or adjacent to) geothermal clusters providing heat source for cycling brine fluids
4) Projects within (or adjacent to) major Tertiary calderas providing potentially enriched Lithium Ash deposits
For further information please see the August 2, 2016 press release. The near surface sampling analysis confirmed the geological model of lithium being eroded from the nearby tertiary age mountains and being deposited into the basin continues to this day. This confirms these basins are excellent candidates for sourcing potential enriched lithium brines at depth.
For further information on the Central Nevada Lithium Brine Project please visit www.enertopia.com/lithium-project/.
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