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Noram Ventures Inc.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Zeus | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 3/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-3-2017: 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 @ 2380ppm Li from 26.82m. Noram Ventures Inc. (TSX-Venture: NRM / | |
| 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 last 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 last group of 16 holes reported herein consisted of 228.1 meters (748 feet) of core drilling with an average hole depth of 14.3 meters (46.8 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 191 samples from the 16 holes using a 4-acid digestion and MS-ICP methods for 48 elements. Only three of these latest drill holes are located in the redefined area of close-spaced drilling measuring approximately 970 meters (3,180 feet) by 830 meters (2,720 feet)(shown as rectangle in Figure 3). Lithium values continue to be Noram Ventures Inc. Suite 300 – 1055 West Hastings Street, Vancouver, BC Canada V6E 2E9 Tel.: 778.775.1528 | Website: www.noramventures.com | email: [email protected] very consistent across the close-spaced drilling area, but values were shown to decrease to the north of the closespaced drilling area. Since the northern area was only tested with shallow drilling, it may still hold promise with further testing. The areas to the east, west and south of the close-spaced drilling remain open and untested, as well as other large areas on the remainder of the claim holdings covering 17,738 acres. | |
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