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Noram Ventures Inc.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Zeus | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 1/30/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2020: Noram Ventures Inc. announces an Exploration/Drilling Update report for its Zeus deposit at the Clayton Valley project. Drilling results incl. 96.6m @ 1074ppm Li from 22.9m (weighted average). Vancouver, British Columbia – January 29, 2020 – No | |
| Resources: | (Resource, Inf.): 145Mt @ 1145ppm Li | |
| CP/QP: | [Overall Report]: Bradley C. Peek (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – January 29, 2020 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCPINK: NRVTF) is pleased to announce the results for three remaining drill holes completed in the November 2019 Phase IV drill program on the Zeus lithium claystone property and the extension of the Zeus Lithium Deposit. The first three drill holes of this program were reported in a news release dated January 15, 2020. Results for drill holes 48, 51 and 52 are reported in Table 1 below and shown in simplified drill logs in Figure 2. Drill hole 51 resulted in 56.4 meters with an average of 1230 ppm Li, and drill hole 52 has 39.6 m at 1060 ppm Li immediately below the 2019-02 inferred resource. These values are expected to add significantly to the current inferred resource of 145 million tonnes at 1145 ppm Li (900 ppm cutoff: Peek and Barrie, 2019, see www.noramventures.com). | |
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