If ever there was a total crap shoot (where you must be fully prepared to lose part or all your capital) that I would dare suggest one take a small fling in, Enertopia Corp (TOP-CDNX $.07) is it. It’s extremely early stage but the upcoming planned exploration programs has some incredibly big-time targets to go after. The stock is extremely thinly traded and I would limit any such flings at $.10 or lower

I received the information below from the company:

ENERTOPIA FIELD WORK SUMMARY 2011 & 2012 & 2013

COPPER HILLS

20.1 Phase 1 Program

Phase 1 is designed to test the IP-chargeability anomaly with 3 core holes.  The 3 holes will test for potential porphyry-style alteration and copper mineralization at an average depth of 550 meters.  The core holes are described below on Figure 20.1 and Table 20.1  In addition, reverse circulation drilling will be undertaken to verify the grade and extent of the copper (+silver) mineralization as documented by previous operators, within and peripheral to the Copper Hills Prospect. This is will require about 750 m of drilling in 10 reverse circulation holes each about 75 m in depth spaced on a 50 m x 50 m grid. The total Phase 1 program will be 1,650 meters of core and 750 meters of reverse circulation drilling at a cost of $720,000.

Figure 20-1 Proposed Phase 1 core holes designed to test IP anomaly

Table 20.1  Phase 1 proposed core holes (coordinates in NAD 27, meters)

20.2 Phase 2 Program

Contingent upon Phase 1 providing positive results it is recommended for Phase 2 that additional drilling be undertaken to add to the grade and extent of the copper (+silver) mineralization as documented by previous operators, within and peripheral to the Copper Hills Prospect. This is will require about 1,500 m of drilling in 20 reverse circulation holes each about 75 m in depth designed to extend the a 50 m x 50 m grid.

An additional 2,500 m of core drilling is recommended to offset the three core holes into the IP anomaly. Other facets of a Phase 2 program include conducting additional geological mapping, prospecting and sampling of priority targets based on geophysical and geochemical survey interpretations.  The cost of Phase 2 will be about $1,210,000.  The total program will cost $1,930,000.

MILDRED PEAK

Detailed mapping and sampling over the currently known areas of surface mineralization are the next phase of exploration to be completed at Mildred Peak. The results of the detailed mapping and sampling will then lead to ground IP and or Resistivity surveys to be completed with drilling to follow positive survey results. It is currently estimated that mapping and sampling could cost $50,000 to $75,000. Geophysical survey’s could cost between $100,000 to $500,000 depending on the final number and aerial extent of each anomaly being shot.

SUMMARY

Timeline for exploration Mildred Peak mapping and sampling fall 2011 and spring 2012. Copper Hills phase one drilling spring – summer 2012.  Mildred peak geophysical surveys spring 2012.

Copper Hills phase two drilling based on successful spring drilling program fall 2012. Mildred Peak drilling program fall 2012 – Spring 2013.

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Posted in A Grandich Company All Posts Base Metals Canadian Stocks Enertopia Corp Exploration Shares Gold Mining Shares Precious Metals Zinc by Peter Grandich