Noram 1st Assay Results Average 1104ppm on Zeus Property, Clayton Valley
(firmenpresse) - Noram 1st Assay Results Average 1104ppm on Zeus Property, Clayton Valley
Vancouver, British Columbia - December 13, 2018 - Noram Ventures Inc. (Noram) (TSX - Venture: NRM / Frankfurt: N7R / PINK: NRVTF) is pleased to provide first assay results from the Phase III drill program on Norams flagship Zeus property in the Clayton Valley, Nevada, USA.
Assays from Norams first drill hole, (completed on November 19, 2018), of its Phase III drilling campaign have been released by ALS Laboratories, Reno, Nevada, USA. As described in the release dated December 5, 2018, the geologic log showed that the top 85 feet (26 meters) of the hole contained olive green claystone and mudstone very similar to that seen in holes within the resource area. The bottom 15 feet (4.6 meters) contained gray, green and brown limestone, sand and conglomerate along with some mudstone. CVZ-45 may well be deepened at a later time to determine the significance of the sandy, conglomeratic layers in the lower part of this hole.
Samples were taken at 5ft intervals, the results of which are provided in Table 1 below. Assays from hole CVZ-45 yielded an overall average lithium grade of 1104 ppm for the entire 100 foot (30.5 meter) length of the hole. The hole was located approximately 1150 feet (350 meters) northwest of the edge of the previously announced 43-101 compliant inferred resource of 17 million tonnes at a grade of 1060 ppm Li. The results indicate that the same mineralization seen in the resource estimate continues to the north and west with little, if any, change.
Drill Sample From To (ft) Recvd WLi (ppm)
Hole No. (ft) t.
(Kg)
CVZ-45 31306 0 5 1.14 910
CVZ-45 31307 5 10 0.73 1310
CVZ-45 31308 10 15 1.26 1900
CVZ-45 31309 15 20 1.12 1620
CVZ-45 31310 20 25 0.95 890
CVZ-45 31311 25 30 0.92 860
CVZ-45 31312 30 35 1.15 970
CVZ-45 31313 35 40 1.12 1050
CVZ-45 31314 40 45 1.31 1230
CVZ-45 31315 45 50 1.15 1670
CVZ-45 31316 50 55 1.29 1880
CVZ-45 31317 55 60 1.05 1140
CVZ-45 31318 60 65 1.1 1470
CVZ-45 31319 65 70 1.29 1190
CVZ-45 31320 70 75 0.52 980
CVZ-45 31321 75 80 1.13 770
CVZ-45 31322 80 85 0.42 860
CVZ-45 31323 85 90 1.32 431
CVZ-45 31324 90 95 1.31 430
CVZ-45 31325 95 100 1.17 520
Average1104.05
Table 1 - Results of drill hole CVZ-45. Samples taken at 5ft intervals over a depth of 100ft.
Noram is pleased with the results of CVZ-45. Portions of the core assayed as high as 1900ppm. This program was designed with further defining the size and significance of the resource in mind; Noram is confident that it will successfully do so. We look forward to the receipt of the balance of the drill results stated Mr. Mark Ireton, President and CEO.
Additional assay results from the second Phase III hole, CVZ-46, which occurs 2550 feet (780 meters) northwest of the resource area were also received. CVZ-46 contained all green and blue claystones and mudstones with an average of 681.1ppm. CVZ-46 had a total of 39 feet (11.9 meters) of the chemically reduced blue claystones and mudstones.
Drill Sample No.From To (ft) Recvd WLi
Hole (ft) t. (ppm)
(Kg)
CVZ-46 31328 0 5 1.02 570
CVZ-46 31329 5 10 1.12 600
CVZ-46 31330 10 15 1.16 460
CVZ-46 31331 15 20 1.17 790
CVZ-46 31332 20 25 0.82 650
CVZ-46 31333 25 30 0.94 560
CVZ-46 31334 30 35 1.1 660
CVZ-46 31335 35 40 0.68 880
CVZ-46 31336 40 45 0.43 720
CVZ-46 31337 45 50 1.08 1020
CVZ-46 31338 50 55 0.82 950
CVZ-46 31339 55 60 1.08 840
CVZ-46 31340 60 65 1.36 970
CVZ-46 31342 65 70 1.57 760
CVZ-46 31343 70 75 0.47 630
CVZ-46 31344 75 80 1.21 580
CVZ-46 31345 80 85 1.37 560
CVZ-46 31346 85 90 1.27 500
CVZ-46 31347 90 95 0.47 392
CVZ-46 31348 95 100 1.67 530
681.1
Table 2 - Results of drill hole CVZ-45. Samples taken at 5ft intervals over a depth of 100ft.
We are just beginning to understand the magnitude of this resource stated Mr. Ireton. The fact that we have stepped out almost 1km from the original resource area on CVZ-46 and still see these types of concentrations of lithium provides great insight into the potential for this Property and the resource that it hosts. Phase III has drilled an additional 35% of the property as compared to Phase I and II where a mere 15% was explored.
To date in Phase III, a total of 15 holes have been completed to a depth of approximately 100ft. The overwhelming majority of the holes have intersected the green claystones and mudstones seen in the Phase I and Phase II drilling campaigns and which resulted in the initial inferred resource. Once the program has been completed and the assay results are returned, an update NI43-101 report with a new inferred resource calculation will be completed.
https://www.irw-press.at/prcom/images/messages/2018/45451/NRM_FINAL(2)PRcom.001.jpeg
Phase III Drill Program. 7 holes completed to date (red) and the remaining 10 holes to be drilled (green). The current inferred resource area referred to in the NI 43-101 Technical Report (orange).
The technical information contained in this news release has been reviewed and approved by Bradley C. Peek Msc. and Certified Professional Geologist who is a Qualified Person with respect to Norams Clayton Valley Lithium Project as defined under National Instrument 43-101.
About Noram Ventures Inc.-
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier for the lithium industry. Norams long term strategy is to build a multi-national lithium minerals company to produce and sell lithium into the markets of Europe, North America and Asia.
For further information, please visit: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
Mark R. Ireton
President & Director
Direct: (604) 761-9994
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. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.
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Datum: 13.12.2018 - 07:59 Uhr
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