Enertopia Corporation (OTCQB: ENRT) (CSE: ENRT) ('Enertopia' or the 'Company') a company focused on building shareholder value through a combination of our Nevada lithium claims, intellectual property, & pending patents in the green technology space, is very pleased to provide the following lithium project update.
We are pleased to report our NOI to drill has been filed with the BLM. We expect to hear back within the next 30 days. We are working hard on the logistics front and drilling could commence as early as March 2023.
Building on last year's successful inaugural drilling program at our West Tonopah Lithium project, the NOI is for permitting 12 holes with maximum drilling depths to 450 feet for each hole, for an estimated total drilling program of 5,400 feet.
The program's focus will be on completing drill holes into the known areas of the higher-grade upper claystone horizon, which is currently estimated to cover approximately 640 acres. The additional drill hole data will further help to define the stratigraphic and structural controls affecting claystone deposition & preservation over the area. For reference, the Clayton Valley project the company sold to Cypress Development Corp in May 2022 covered 160 acres.
Based on last year's drilling data, and the proposed 2023 drilling program, we expect to come up with a measured/indicated and inferred resource over the estimated 640 acres of higher-grade upper claystone horizon. Upon completion of the 2023 drilling program, the Company will commission the writing of an inaugural 43-101 report for the West Tonopah Project.
If possible, the Company may look at completing a preliminary feasibility study in 2024 pending the 43-101 results and recommendations from the report. Recent pre-feasibility news from American Lithium Corp, on February 1,2023 which owns the TLC project one mile north of our West Tonopah Project, showed that the Magnesium that is an element that needs to be removed in the lithium extraction process could be turned into MgS04 which currently sells for $150 USD per tonne. In the pre-feasibility report this could have a material positive effect on lowering the cost per tonne to produce Li2C03. This information should also be relative to future development potential on our West Tonopah project.
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,' stated President Robert McAllister.
About Enertopia
Defines itself as an Environmental Solutions Company focused on using modern technology on extracting lithium and verifying or sourcing other intellectual property in the EV & green technologies to build shareholder value.
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. 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, potential and financing of its mining or technology projects, 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., foreign exchange and other financial markets; changes in the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. There can be no assurance that the testing for the brine recovery system will be effective for the recovery of Lithium and if effective will be economic or have any positive impact on Enertopia, or that the pre-feasibility report on the TLC project will prove out to be the same on the WT project. There can be no assurance that the four pending patents will become patents and have a positive impact on Enertopia. There can be no assurance that provisional patent applications will become patents pending. 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.
Slave Lake Zinc Identifies Significant Lithium Potential at O'Connor Lake Project
Vancouver, British Columbia--( - February 14, 2023) - Slave Lake Zinc Corp. (CSE: SLZ) (the 'Company') has recognized that coarse-grained pegmatites occur on their O'Connor Lake property which is currently host to critical metals of zinc +/- copper. The pegmatites occur primarily as dykes but also occur as masses in complex multiple-phased intrusive granitic environments. Although no exploration has occurred on these pegmatites, there is potential to host spodumene mineralization, recognized to be the critical mineral for lithium potential. The Company knew of the pegmatite occurrences from the Prusti work (Ph.D. Thesis, 1954) and maintained confidentiality on the lithium potential until the land position was staked.
Slave Lake Zinc continues to add recent geophysical and geological data to its historical database as they work to generate exploration targets. The design of a detailed exploration program is currently underway to evaluate the potential of the pegmatites for their lithium content as well as the well-documented coarse, base-metal (Zn-Pb+/- Cu) vein systems, considered to be of magmatic-hydrothermal origin. The structures/lineaments associated with the base-metal veins are well documented locally and are projected to continue to the north and northwest of the MWK 1 Vein. The exploration program will include ground geophysics, geological mapping and sampling, and drilling to test selected targets.
Although no lithium pegmatites have been identified within the Taltson Magmatic Zone, the pegmatites identified by Prusti and government geologists suggest the host rocks in the O'Connor Lake area are similar to the granitic intrusive complex in the Hearne Channel-Beaulieu River area on the north side of Great Slave Lake. The lithium pegmatites on the north side of Great Slave Lake are currently being aggressively evaluated by Li-FT and others.
Ritch Wigham, CEO of Slave Lake Zinc, commented, 'We believe that Canada's need for critical metals is designated as a priority that will continue to grow. Demand for critical minerals like zinc, lithium and copper, for which Slave Lake is exploring, will only continue to expand. The potential for these critical metals on our property is considered high and bodes well for the exploration potential at the O'Connor Lake property. Slave Lake will continue to build on its database to develop all exploration opportunities. For the first time Lithium will now be explored for in the South Slave region.'
About Slave Lake Zinc
Slave Lake Zinc Corp. intends to develop the potential of its O'Connor Lake property, an historic zinc lead copper property located in the Northwest Territories of Canada. The property is located south of Great Slave Lake and to the east of Pine Point project. The property was initially developed after the Second World War and subsequently abandoned in 1952 when the prices of zinc and lead collapsed post war. Slave Lake Zinc Corp. believes that it is well positioned to advance this project and to expand significantly the historic potential of the property.
Contact:
Ritch Wigham
Tel: 604-396-5762
Email: rwigham@zinccorp.ca
Forward-Looking Statement
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Slave Lake Zinc's periodic filings with Canadian securities regulators. When used in this news release, words such as 'will', 'plan', 'estimate', 'expect', 'intend', 'potential', 'should,' and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include, without limitation, statements regarding the progress of a definitive offtake agreement, potential development and production at the Company's O'Connor Lake project, future oriented events and other statements that are not facts. Forward-looking statements are based on a few assumptions and estimates that, while considered reasonable by management based on the business and markets in which Slave Lake Zinc operates, are inherently subject to significant operational, economic, and competitive uncertainties and contingencies. Such forward-looking statements should therefore be construed in light of such factors. Although Slave Lake Zinc has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Slave Lake Zinc disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Slave Lake Zinc does not assume any liability for disclosure relating to any other company.
SLAVE LAKE ZINC CORP. 
