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Noram Ventures Inc.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Clayton Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 8/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-8-2018: Noram Ventures Inc. announces an Exploration/Drilling Update report for its Clayton Valley deposit at the Clayton Valley project. JV - Drilling results incl. 92.0m @ 1008ppm Li from 0m. Vancouver, British Columbia – August 13, 2018 – Noram Vent | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bradley Peek (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – August 13, 2018 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF is pleased to report on the results from the Phase II drill program on the Zeus Property in Clayton Valley, Nevada, and to provide an update on the litigation of claim status. Phase II Drill Results, Zeus Property, Clayton Valley, Nevada The recent drill program comprises new core from deepening 9 core drill holes within the area of Noram’s previously announced NI 43-101 compliant inferred resource of 17 million tonnes at a grade of 1060 ppm lithium (which equates to 96,476 metric tonnes of LCE). The complete NI 43. The previous drilling on which the inferred resource was based reached an average depth of 14.3 meters. The 9 holes that were deepened have an average depth of 82.2 meters, which is 5.75 times the previous average depth used in the resource estimate. Data from the recent Noram drilling are summarized in the Table 1. The mineralization remains open in all directions and at depth. The area of the deeper drilling has tested less than 1% of the area covered by Noram’s extensive claim holdings of 12,920 acres(5,229 hectares). Additional drilling and an updated NI 43-101 compliant resource estimate are in the planning stages and will reflect the knowledge gained in the Phase I and II drilling programs | |
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