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Noram Ventures Inc.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Zeus | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 3/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-3-2017: Noram Ventures Inc. announces an Exploration/Drilling Update report for its Zeus deposit at the Clayton Valley project. JV with Alba Minerals Ltd. - Drilling results incl. 1.22m @ 2340ppm Li from 3.66m. Noram Ventures Inc. (TSX-Venture: NRM / F | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bradley Peek (Not stated) | |
| ABSTRACT: | Noram Ventures Inc. (TSX-Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) ("Noram") and Alba Minerals Ltd. (“Alba”) (TSX-V: AA.H AXVEF:US) are pleased to announce the third batch of drill core sample results from the 46-hole Phase I drilling program that focused on the Zeus portion of their Clayton Valley Lithium Project in Nevada (see Figure 1). The Zeus claims are located within two kilometers (1.25 miles) of Albemarle’s Silver Peak Lithium Mine that has been in production since 1966 and is the only lithium-brine production operation in North America. The third group of 10 holes reported herein consisted of 132.4 meters (434 feet) of core drilling with an average hole depth of 13.2 meters (43.4 feet) and core sampling done primarily on 1.22 meter (4-foot) intervals. Bradley C. Peek, MSc and Certified Professional Geologist supervised the collection of the cores and samples; and sample analysis was performed by ALS Labs (Reno, NV) on 111 samples from the 10 holes using a 4-acid digestion and MS-ICP methods for 48 elements. “The lithium values continue to be consistent, both vertically and horizontally, across all 30 holes we have reported to date,” said Mark Ireton President and CEO of Noram. These continued positive results are supporting our near term goals, which includes on site bulk sampling testing, and in-fill core drilling. Phase 2 drilling program would encompass the Spartan claims, in addition to drilling along the outer boundaries of the contiguous properties, to determine lithium content property wide. | |
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