Enertopia, whose resource development strategy is focused on top-tier economic projects based in Latin and North America, reported today that property vendor for their Mildred Peak gold-silver-copper project in Arizona, Altar Resources, has applied for the necessary diamond drilling permits to cover up to six holes of a new program designed to test for southwesterly expansion of the gold-silver mineralization identified during last year’s program.
Moreover, the new program will be chasing after the high-grade gold vein at depth during this first drill program of the 2013 exploration season, testing for returns on the ROFR acreage (right of first refusal), which consists of approximately 1,260 acres that are adjacent to the company’s already sizeable 7,148 acres of 100% optioned lands. The site itself is some 65 miles outside Tucson, in the heart of a major, well-known porphyry copper deposit region; and the historical work at the site, stretching back to the 1800′s, is patently obvious, with multiple historic pits.
President of ENRT, Robert McAllister, seemed quite excited about the potential for near-term identification of several large, near-surface bulk tonnage gold and silver areas of mineralization, as per the already submitted drilling permit configuration, whose main objective was to outline this shallow gold-silver resource. McAllister assured markets that the company was eager to engage investors about the potential here, as well as at the company’s 1.15k-acre Copper Hills project in southwestern New Mexico, asserting that the showcasing of current exploration at the upcoming PDAC 2013 (Prospectors & Developers Association of Canada) conference from March 3-6 (Booth #2813) would afford interested parties a huge chance to do so.
The drilling program itself looks like it will be around 1.8k feet in six holes just northwest of the historic Gold Bullion mine, and with solid testing to the northwest from last year’s program, all indication lights are lit strongly for the presence of some choice mineralization here. In conjunction with the upcoming drilling program, ENRT has been rigorously going through the historical data on their 100% optioned lands at Mildred, a process which has already kicked up some very promising historic core drilling/sampling results that have yet to see the light of day. Unfortunately the exact location of the drill and chip sampling has yet to be verified and it looks like we will have to wait and see what kind of actionable intelligence this latest spate of drilling turns up with regard to such tantalizing historic indicators.
The company will be moving historic diamond drill coring to a new, larger facility where further analysis can be performed, with core re-sampling taken into contrast alongside the database of core data in an effort to clearly identify the location of these excellent historic results. The primary core re-sampling endpoint will be driving for an assay of the, as yet, un-assayed historic core in hopes of getting a better understanding of both the limitations of historic mining at the site’s Jupiter/Gold Bullion mines and of where the undeveloped, similarly high-grade gold is located.
Given the rich tapestry of mineralization on this site, from the pervasive siliceous alteration in felsic conglomerates and argillites in the northeast, containing solid gold, copper, and silver hits, to the southwest areas where argillites and felsic volcanics hold more copper and silver mineralization with strong secondaries in iron and manganese oxides, the company has plenty of leads to follow in the upcoming drill program.
NI 43-101 Qualified Person for today’s report was Donald Findlay, MSc. Geo., a 33-year industry veteran and director of the company’s Board.
For more information on Enertopia, visit www.Enertopia.com
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