ENRT breakout confirmed, 32% gains in early trade
Published: Tue, 02/19/19
 Good morning again, ENRT is breaking out in a big way, just like we hoped it would. Currently its at $0.025, up 32% on the day. If we can break through this level, we think $0.03 could be on the cards. In other words, just like I mentioned in my analysis last night, there is plenty of upside to be had. If you missed the news on ENRT this morning, check out below. Otherwise keep your eyes on ENRT today and look for opportunities. All the best. ----------------------------------------------------------------------------------------- Good morning all, By now you would have read about our trade idea operating in the hot lithium sector, Entertopia (ENRT). Many of you will remember this name fondly, while for others it will be a new name. Either way, we are expecting big things. With a hot sector, a coiled chart and big news that just hit the wires this morning, ENRT could be ready to breakout. This morning ENRT announced results from its drilling, check it out... Enertopia Drills 262 Feet of 1,231 ppm Li from Clayton ValleyKELOWNA, British Columbia, Feb. 19, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Enertopia Corporation (ENRT) on the OTCQB and (TOP) on the CSE (the "Company" or "Enertopia") is pleased to announce that all drill core sample assays have been received from the four resource definition holes and one metallurgical test hole. The best hole for grade and thickness was TOP-02* that averaged 1,231 ppm li over 262 feet. Including 1,368 ppm li over 186 feet in the main reduced zone. Drilling confirms widespread lithium mineralization on the property. The average grade and thickness from our four-hole drill program was approximately 1,120 ppm li over an average thickness of 284 feet. A higher-grade zone inside the total lithium horizon averaged more than 1,225 ppm over an average thickness of 177 feet. This zone appears to have a regional NE trend starting from the Southwest on Cypress Development’s proposed high-grade starter pit, with an average grade of ~ 1,105 ppm Li and running through our project and then onto Noram Ventures project to the northeast where they have outlined a shallow resource to ~ 50 feet averaging 1,060 ppm Li.
Summary of assay intercepts for TOP-02M metallurgical hole:
Notes: Drill hole TOP-02M was only assayed over intervals of 5ft that had poor recovery in adjacent hole TOP-02. There is a high correlation to lower assayed grades in intersections that had poor recovery when compared to hole TOP-02M which was a twin hole for metallurgical testing purposes. Hole TOP-02M and TOP-04 were drilled with at CAT rig to a depth of 230ft and showed core recoveries of 90% to 100% over these
intervals. These two holes returned correspondingly higher average Li grades than holes TOP-01 and TOP-02. ------------------------------------------------------------------------------------------------- Traders and Investors, I hope you all had a nice long weekend. After an exciting past couple of weeks we are back with another trade idea. We've profiled Entertopia (ENRT) in the past, some time ago now, and it delivered well for us. But that was then, and this is now - there are no guarantees. However just look at the amazing chart below. It's been trading in a long term range of between $0.02 and $0.03, and right now its priced at $0.0189, just above long term multi month support. There is some serious upside potential if ENRT moves back near the upper band of the long term trading range, or even breaks out to those potential target lines in green. Given the support and where's it priced right now, we think ENRT could be an excellent risk v reward trade idea (of course you still need to employ proper risk management).  About ENRT ENRT is a company focused on using modern technology to build shareholder value. Enertopia is working to establish a lithium resource and at the same time working on extracting Lithium from its synthetic brine solutions by using industry leading proven technology. Enertopia controls 100% of 160 Acres of Placer and Lode claims in Clayton Valley, Esmerelda County, NV approximately 2 miles east of, Nevada’s lithium hotspot and home to the Silver Peak mine, the only producing lithium brine operation in the USA. The project is between Cypress Development’s and Noram Ventures’ properties which both have published 43-101 claystone Lithium resources. Drilling is the next step for Enertopia to define its own project wide 43-101 Lithium resource You can learn more about ENRT at their website http://www.enertopia.com/ Lithium Market Outlook Lithium the driver of Battery Metals Demand For Our Clean Energy Mobile World
Over the next two decades, EV sales are projected to skyrocket by around 200% annually and put 60 million new electric vehicles on the road. Based on current technology, every one of those vehicles should be powered by lithium-ion batteries. New sources of lithium must be found to supply the world’s new, emerging energy technologies. Any company holding lithium resources today, whether in production or not, is staged to pay enormous returns to shareholders. Today’s investing world has never seen anything like this. Lithium is in the early stages of ascendency to become the most important energy commodity in the world. Electric vehicles and renewables will drive radical shifts in global energy, pushing billions of dollars into a commodity that was largely ignored a few decades ago. Recent News Enertopia Announces Clayton Valley Sample Assays UpdateEnertopia Provides Analysis Update KELOWNA, BC / ACCESSWIRE / January 28, 2019 / Enertopia Corporation (OTCQB: ENRT; CSE: TOP) (the "Company" or "Enertopia") is pleased to announce that sample preparation of our drill core samples has been completed and the samples are now at ALS for analysis using the Li ICP61 method. Definition Drilling Summary:
Detailed logging and photography of the drill cores have been completed. Our detailed logging is expected to give us a much clearer picture of the strata intersected in the drill holes after our assays are received. Detailed drying, pulverizing and sorting was completed by Shea Clark Smith / MEG, Inc. Minerals Exploration & Environmental Geochemistry. ALS Laboratory has received all prepped samples for analysis and will be analyzed using the Li ICP 61 four acid dissolution method. It is expected that assay results will be received before the end of February. "We are excited that the samples are finally at the lab and can't wait to get started on our solution testing," Stated President and CEO Robert McAllister The Qualified person: The technical data in this news release have been reviewed by Douglas Wood, P.Geol a qualified person under the terms of NI 43-101. All the best. SmallCapMomo.com --------------------------------------------------------------------------------------------------------
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