Noram Delivers Highest Lithium Values to Date from Its Clayton Valley Project
(firmenpresse) -
NORAM DELIVERS HIGHEST LITHIUM VALUES TO DATE FROM ITS CLAYTON VALLEY PROJECT
Phase II surface and sub-surface samples taken on the Zeus claim group returned lithium values ranging from 206 ppm to a high of 1,670 ppm with an average value of 750 ppm lithium
Vancouver, British Columbia - July 20th, 2016 - Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) ("Noram" or the "Company") is pleased to announce the completion of Phase II sampling on the Zeus claim group portion of its Clayton Valley Lithium Project (see Figure 1). The Zeus claim group is located within two kilometers of Albemarles Silver Peak Lithium Mine that has been in production since 1966 and is the only lithium brine production operation in North America.
The results shown below (see table 1) reinforce the initial sample results from the Zeus claim group (see table 2 and news release of June 9th, 2016) that indicate a lithium enriched evaporite rock sequence. The samples show an average of approximately 750 ppm lithium from all samples taken over the 1,200 metre long by 800 metre wide area with values as high as 1,670 ppm Li in the claystones. This large area of strong lithium mineralization as identified in the central Zeus claims is contained within a broad low profiled valley that lies at marginally higher elevation than the immediately adjacent (valley bottom) properties, where lithium brine production and exploration is ongoing by other parties.
Norams independent technical consultant, Bradley C. Peek, MSc and Certified Professional Geologist said:
The results from the Phase II sampling continue to indicate that Norams Zeus claims are extremely favorable, both for the lithium brine potential and for the potential of the Tertiary Esmeralda Formation. The brine potential is established by professional geologic reports and by the proximity of the Zeus claims to the only lithium brine production in North America.
It is important to note that these Phase II samples are primarily vertical chip samples. Of the 15 samples reported below, 13 are vertical chips and only two are grab samples. The vertical chips range from two feet to 10 feet in length and most are stacked, in that the samples were taken stratigraphically above or below the previous sample. With this type of sampling the variability in sample values between beds can be ascertained.
Table 1 - Second Round Sample Results
SamplLaboratory Results
e
Type
K Li Mg Na P Sr
SampleDescription (%)(PPM)(%)(%) (%)(PPM)
ID
ZS-2-0Greenish tan tuff4' 3.2620 1.03.17.04930
08 aceous Vert 7 4
siltstone. ical
Punky in some Chip
layers, hard in
others. Hard
layers are
finely
crystalline
tuff.
Calcareous.
ZS-2-0Just above last 2' 2.9790 0.93.86.04713
09 sample. Appears Vert8 8
to be similar ical
material, but Chip
contains 5 - 10
mm blebs of
white powdery,
crystalline
material.
Material is
non-calcareous.
The rest of the
rock is
calcareous.
Bedding at
this
site appears to
be dipping at
<5° to the
north.
ZS-2-0Light greenish 6' 4.0760 1.93.08.041635
10 tan, soft, Vert9 3 1
poorly ical
consolidated, Chip
calcareous
siltstone.
ZS-2-0Just above last 10' 4.6590 1.64.32.041285
11 sample. Vert4 5
Lithology is ical
the same as Chip
last sample.
Rock is also
calcareous.
ZS-2-05 cm thick ledge Grab 4.3206 0.61.55.022520
12 just above last 1 4 5 8
sample. Light
tan with fine
greenish
layers. Finely
crystalline
tuff. Unit
forms break in
slope - is more
resistant rock.
Calcareous.
Bedding is
horizontal.
ZS-2-0Just above last 6' 4.5670 1.65.22.031650
13 sample. Same Vert6 2 9
lithology and ical
color as last Chip
sample.
ZS-2-0Alternating hard 5' 3.9770 2.11.67.05680
14 and soft Vert3 1 5
layers. Hard ical
beds are very Chip
fine grained
tan to very
light green
calcareous
claystone or
tuff. Some
fractures are
lined with iron
oxide. Minor
small blebs of
soft white
evaporite minera
l
. Hard claystone
beds have
sub-
concoidal fractur
e.
ZS-2-0Just above last 3' 2.9530 1.35.3 .051220
15 sample. Similar Vert9 7 2
to last sample, ical
but harder. Chip
Light green to
tan in color.
Calcareous.
ZS-2-0Just above last 5' 3.6680 1.82.52.051845
16 sample. Tan to Vert 5 6
light green, ical
calcareous, Chip
dirty
siltstone.
Minor beds of
tan to white
claystone or
tuff.
ZS-2-0Bottom of slope 3' 4.4900 1.52.25.042270
17 of green clay Vert2 1
material. ical
Sample is Chip
light green,
mostly
unconsolidated
or weakly
consolidated
calcareous
claystone. A few
chalcedony
stringers which
are <1mm thick.
Rock is
lithified near
stringers.
ZS-2-0Just above last 3' 4.5910 1.35.23.03517
18 sample. Slight Vert5 5 8
break in slope ical
from below. Chip
Mostly poorly
consolidated
tan to light
green
calcareous
claystone or
mudstone.
ZS-2-0Just above last 4' 4.71670 1.77.35.031725
19 sample. Tan to Vert4 2 5
light green, ical
calcareous Chip
mudstone.
Micro-fractures
filled with
glassy mineral
- perhaps
calcite. Slight
change is slope
from
below.
ZS-2-0Base of hill. 3' 3.21260 0.99.92.03539
20 Light greenish Vert4 1 6
gray, ical
moderately Chip
hard,
calcareous
mudstone. Minor
stringers of
dark green
mineral near
top of
interval.
Base of hill.
Light greenish
gray,
moderately
hard,
calcareous
mudstone. Minor
stringers of
dark green
mineral near
top of
interval.
ZS-2-0Just above last Grab 3.7433 0.81.57.03362
21 sample. 6" 5 4 2
thick dark
green, hard,
non-calcareous
shale
bed.
ZS-2-0Sample occurs 6' 2' 4.7470 0.92.15.04535
22 above last Vert3 8 6
sample. Samples ical
are separated Chip
by covered
interval. Lt
green,
weathering dark
green,
calcareous
mudstone
beneath
ledge-forming
sandstone.
Contains
irregularly
shaped
chert blebs.
Table 2 - First Round Sample Results
Laboratory Results
K Li Mg Na P Sr
Sample Description (%) (PPM)(%)(%)(%) (PPM)
ID
ZS-001 Greenish tan, soft 5.38770 2.12.30.041910
friable mudstone. No 2 3 6
visible
bedding.
ZS-002 Light tan, chalky-looking 5.16196 0.43.40.022720
siltstone. In beds 1 -5 4 2
cm thick.
Non-calcareous.
ZS-003 Greenish tan, soft, 4.99670 1.73.30.05842
friable mudstone. No 7 8 3
visible
bedding.
ZS-004 White, weathering FeOx, 4.59313 0.73.20.026370
hard, well fractured 6 6
claystone.
ZS-005 Light green, soft clayston4.1 670 0.92.00.02284
e 8 9 5
. Below 1 foot thick
white to light orange to
buff, salty
mudstone.
ZS-006 Light green, 4.14760 1.73.70.01533
micro-porous, crumbly, 1 4
leached
claystone (tuff?). In
beds approximately 3 mm
thick.
ZS-007 Light tan, micro-porous, 2.97327 0.82.50.011185
crumbly, leached 1 6 1
claystone In beds 2 - 5
mm thick. Is
approximately 3 feet
below
ZS-006.
The results above indicate the potential for a large mass of lithium mineralized claystones commencing at surface and extending to yet unknown depths.
Subsurface exploration in the form of shallow drilling core holes will be required to determine a preliminary resource estimate of the lithium and potassium contained within the near surface area central to the Zeus claims.
Continuity of mineralization is suggested by the results of two sets of closely spaced sample pairs taken during the second round of sampling reported above (see sample pair ZS-2-17, ZS-2-18, ZS-S-20, ZS-2-20 and ZS-2-21 & ZS-2-22 in table 1).
Bradley C. Peek, MSc and Certified Professional Geologist supervised the collection of the samples. Samples from the property where submitted to ALS Minerals in Reno, Nev., for analysis. The samples were crushed, split, a portion was pulverized and a one-gram aliquot analyzed by ALS Chemex method ME-MS61 (48 elements, including lithium, four-acid ICP-MS).
Additional surface and sub-surface samples are still being assayed and these results will be released in the next few weeks, this includes the balance of samples from the Zeus claim group as well as samples taken from the Hades and Spartan claim groups (see Figure 1).
Mark Ireton, President of Noram, said, The analytical results from this next sampling program will assist us in identifying potential target areas for core drilling during our Phase 1I exploration program.
Noram is amassing one of the largest land packages in Nevadas Clayton Valley. Its non-contiguous North and South Blocks now total 888 claims covering 17,738 acres and are positioned both north and south of Albemarles Silver Peak mine, North Americas only lithium producer.
Michael Collins, P.Geo., and independent Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical content of this news release on behalf of the Company.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) is a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits and becoming a low-cost supplier for the burgeoning lithium battery industry. The Companys primary business focus since formation has been the exploration of mineral projects that include the lithium projects in Clayton Valley in Nevada and the Jumbo graphite property in southeastern British Columbia. Norams long term strategy is to build a multi-national lithium-graphite dominant industrial minerals company to produce and sell lithium and graphite 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/ Mark R. Ireton
President & Director
Noram Ventures Inc.
Suite 430 - 580 Hornby Street, Vancouver, BC Canada V6C 3B9
Tel.: 778.775.1528
Website: www.noramventures.com
email: mark(at)noramventures.com
TSX.V: NRM
Frankfurt: N7R
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Companys actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.
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.
Leseranfragen:
Datum: 20.07.2016 - 15:05 Uhr
Sprache: Deutsch
News-ID 484375
Anzahl Zeichen: 15565
contact information:
Town:
Wien
Kategorie:
Business News
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