ENRT News Enertopia Announces Drill Rig Mobilized at Mildred Peak, Arizona

2012-04-04 09:01 ET - News Release

(via Thenewswire.ca)

Vancouver, BC--Enertopia Corporation (ENRT-OTCBB) (TOP-CNSX) (the "Company" or "Enertopia") announces a diamond drill rig has been mobilized at the Mildred Peak, Arizona gold /silver project.

The Mildred Peak property is located approximately 65 miles south west of Tucson, Arizona in the general area of the State known to host porphyry copper deposits. There are two separate areas: This first drill program of the 2012 exploration season will take place on the lands upon which the Company has a ROFR (Right Of First Refusal; the "ROFR Lands") covering about 1,260 acres, north and adjacent to Enertopia's 100% optioned lands which cover an additional 7,148 acres.

Historic work on the project has included surface sampling, trenching and drilling of both high grade gold and silver targets and lower grade bulk tonnage potential gold /silver targets.

The property vendor Altar Resources will be drilling the ROFR Lands with the objective of outlining a shallow gold --/ silver resource. It is anticipated that the 9 hole 2,700 foot core diamond drilling program will test an area that was drilled by Kalium Chemicals Ltd in 1974. Kalium drilled 35 shallow reverse circulation holes with an air-track percussion drill. The vertical holes were drilled to depths of 135 to 150 feet each into the mineralized zone measuring 7,000 feet by 400 feet into the Jurassic Metaconglomerate which hosts the gold and silver target.

Below are the historic holes that ended in mineralization at the Mildred Peak ROFR Lands. Holes J-9 and SH-3 from the table below will be twinned. At this time the true thickness of the mineralized zone is not known.