Noram Receives Results for CVZ-66: High of 1540 ppm Intersection of 220ft (67.1 m) Averaging 1124 ppm of Lithium
(firmenpresse) - Vancouver, British Columbia - March 2, 2021 - Noram Ventures Inc. (Noram or the Company) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce the successful completion of CVZ-66. The Company completed core hole CVZ-66 at a depth of 462 feet (140.8 m). An interval thickness of 220 ft (67.1 m) was intersected from 212 ft (64.6 m) to 432 ft (131.7 m).
We are incredibly proud of our progress to date and in particular this phase of drilling. The current resource has been expanded exponentially by successfully drilling previously unexplored areas of the Zeus Property to depths of 500 ft and still ending in mineralization. As far as we are aware, these are some of the deepest and thickest high grade intersections encountered in Clayton Valley comments Anita Algie, CFO and Director.
https://www.irw-press.at/prcom/images/messages/2021/57018/NRM-CVZ-66ResultsNR(03.02.21)_PRcom.001.png
https://www.irw-press.at/prcom/images/messages/2021/57018/NRM-CVZ-66ResultsNR(03.02.21)_PRcom.002.png
Figure 1a) Strip Log of CVZ-66 outlining the various claystone types encountered at depth from the surface to 432 ft (140.8 m) b) 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.
Bore Sample From To Li
No. (ft) (ft) (ppm)
CVZ-661710311142 152 670
CVZ-661710313152 162 710
CVZ-661710314162 172 810
CVZ-661710315172 182 800
CVZ-661710316182 192 760
CVZ-661710317192 202 800
CVZ-661710319202 212 700
CVZ-661710320212 222 1120
CVZ-661710322222 232 960
CVZ-661710323232 242 900
CVZ-661710324242 252 860
CVZ-661710325252 262 1540
CVZ-661710326262 272 1320
CVZ-661710327272 282 1250
CVZ-661710328282 292 1460
CVZ-661710329292 302 1500
CVZ-661710330302 312 1360
CVZ-661710331312 322 1250
CVZ-661710332322 332 1200
CVZ-661710333332 342 1160
CVZ-661710334342 352 1110
CVZ-661710335352 362 1100
CVZ-661710336362 372 1010
CVZ-661710338372 382 910
CVZ-661710339382 392 940
CVZ-661710340392 402 990
CVZ-661710341402 412 940
CVZ-661710342412 422 830
CVZ-661710343422 432 1020
CVZ-661710345432 442 750
CVZ-661710346442 452 580
CVZ-661710347452 462 700
Table 1 - Summary of sample results from CVZ-66 from surface to depth of 462 ft.
I am very encouraged by the consistent thickness and grade of the claystones encountered in our Phase V drilling. While the color of the claystones may vary, the high lithium grades have been constant thus far and each drill hole is adding tens of millions of tons to Norams next resource estimate, comments Brad Peek, consulting geologist on all five phases of Norams Clayton Valley exploration drilling.
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 Resource, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resource (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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Datum: 02.03.2021 - 02:03 Uhr
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