NNoram Receives Assay Results for CVZ-61 With High of 1860ppm: 260ft (79m) of 1130ppm From 107ft (32m) to 367ft (112m)
(firmenpresse) - Vancouver, British Columbia - December 15 2020 - Noram Ventures Inc. (Noram or the Company) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce that the Company has received the assay results for drill hole CVZ-61 (shown below). Approximately 298ft (91m) of lithium claystone was intersected, of which, 260 ft (79m) ran an average of 1130ppm. This average is consistent with Norams current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent - LCE) after the completion of the prior 4 phases of drilling.
The completion of thick high-grade lithium claystone intersections such as CVZ-61 confirm our belief that the resource extends to the south beyond the currently defined resource area. These results will add substantially to the resource estimate and we anticipate the results for CVZ-62 and CVZ-63 to do the same commented Brad Peek, consulting geologist and Qualified Person for this and all 4 of the previous drilling phases of Norams Zeus lithium property.
https://www.irw-press.at/prcom/images/messages/2020/54679/NR-CVZ-61ResultsNR(12.15.20)FINAL_PRCOM.001.png
Figure 1. Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill sites completed or in progress (seen in green) to date for the Phase V 2020 program. Proposed drill sites not yet explored indicated in white.
The summary of assay results is as follows:
Hole Sample From To Depth to Depth to Recvd Wt.Li
ID No. (ft) (ft) Top Base (Kg) (ppm)
(m) (m)
CVZ-6171010117 27 5.2 8.2 2.22 540
1
CVZ-6171010227 37 8.2 11.3 2.32 570
1
CVZ-6171010337 47 11.3 14.3 2.48 640
1
CVZ-6171010447 57 14.3 17.4 2.89 730
1
CVZ-6171010557 67 17.4 20.4 2.89 870
1
CVZ-6171010667 77 20.4 23.5 0.18 680
1
CVZ-6171010777 87 23.5 26.5 2.41 680
1
CVZ-6171010887 97 26.5 29.6 2.74 620
1
CVZ-6No 97 107 29.6 32.6
1 Sample
CVZ-61710109107 117 32.6 35.7 1.59 970
1
CVZ-61710110117 127 35.7 38.7 2.5 900
1
CVZ-61710111127 137 38.7 41.8 1.18 790
1
CVZ-61710112137 147 41.8 44.8 3.11 920
1
CVZ-61710113147 157 44.8 47.9 2.83 1860
1
CVZ-61710114157 167 47.9 50.9 2.63 1140
1
CVZ-61710115167 177 50.9 53.9 2.37 920
1
CVZ-61710116177 187 53.9 57.0 2.88 1230
1
CVZ-61710117187 197 57.0 60.0 0.89 820
1
CVZ-61710118197 207 60.0 63.1 2.79 1180
1
CVZ-61710120207 217 63.1 66.1 3.42 1480
1
CVZ-61710121217 227 66.1 69.2 1.24 1650
1
CVZ-61710122227 237 69.2 72.2 3.41 1360
1
CVZ-61710123237 247 72.2 75.3 3.05 1440
1
CVZ-61710124247 257 75.3 78.3 3.69 1260
1
CVZ-61710125257 267 78.3 81.4 1.73 1120
1
CVZ-61710126267 277 81.4 84.4 2.87 1240
1
CVZ-61710127277 287 84.4 87.5 2.18 970
1
CVZ-61710128287 297 87.5 90.5 3.36 1060
1
CVZ-61710129297 307 90.5 93.6 1.59 930
1
CVZ-61710130307 317 93.6 96.6 3.32 990
1
CVZ-61710131317 327 96.6 99.7 3.16 940
1
CVZ-61710132327 337 99.7 102.7 2.12 1180
1
CVZ-61710133337 347 102.7 105.8 1.87 940
1
CVZ-61710134347 357 105.8 108.8 2.91 1150
1
CVZ-61710135357 367 108.8 111.9 2.8 940
1
CVZ-61710136367 377 111.9 114.9 2.32 860
1
CVZ-61710137377 387 114.9 118.0 3.05 750
1
CVZ-61710138387 397 118.0 121.0 3.31 720
1
CVZ-61710139397 407 121.0 124.1 3.05 760
1
CVZ-61710140407 417 124.1 127.1 3.01 760
1
The samples were analyzed by ALS Global Laboratories, Vancouver, B.C. using the ME-MS61 method, which includes a four-acid digestion. The samples were accompanied by 4 QA/QC sample standards, all of which returned results within their respective normal ranges.
The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Norams Clayton Valley Lithium Project as defined under National Instrument 43-101.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier. The Companys primary business is the Zeus Lithium Project (Zeus) in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent - LCE.
Norams long term strategy is to build a multi-national lithium minerals company to produce and sell lithium into the markets of Europe, North America and Asia.
Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Anita Algie.
Director and CFO
Office: (604) 553-2279
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.
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