Suche
 
Folgen Sie uns auf:

Noram Ventures Inc. CVZ-67 Assays End at 502 FT (153 M) in LI Grade of 1220 PPM, Increasing with Depth

21.04.2021  |  Accesswire
VANCOUVER, April 21, 2021 - Noram Ventures Inc. ("Noram" or the "Company") (TSX - Venture:NRM / Frankfurt:N7R / OTCQB:NRVTF) is pleased to announce the assay results of CVZ-67, completed at a depth of 502 ft (153 m). The first 202 feet (61.6 m) were drilled through surface gravel before reaching the clay and mudstone units within the Esmeralda Formation. A 19-foot (5.8 m) thick section of brown sandy mudstone was intersected, followed by 11 feet (3.6 m) of tan claystone. From there on to the end of the hole, 232-502 feet (70.7-153 m), the hole penetrated the blue and blue-black clays that consistently carry the higher lithium grades. The interval from 282-502 feet (61.6-153.0) contained 220 feet (67.1 m) averaging 1000 ppm Li. As can be seen from the attached CVZ-67 strip log, the hole ended with a lithium grade of 1220 ppm Li and the grade appeared to be increasing with depth.

"This is another phenomenal drill hole that is bound to have a profound effect on the size and grade of the next resource calculation," states Brad Peek, MSc, CPG, and Qualified Person under NI 43-101 guidelines with regard to Noram Ventures' Zeus lithium clay deposit.

Figure 1a) Strip Log of CVZ-67 outlining the various claystone types encountered at depth from the surface to 502 ft (153 m)
1b) Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill sites completed for the Phase V 2020/2021 program.

From (ft)
To (ft)
From (m)
To (m)
Rock Type
0
202
0.0
61.6
Surface Gravel
202
221
61.6
67.4
Brown Sandy Mudstone
221
232
67.4
70.7
Tan Claystone
232
464
70.7
141.4
Blue Claystone
464
502
141.4
153.0
Blue & Black Claystone
Total Depth = 502 ft.

Table 1 - Summary of Figure 1a Strip Log, describing the lithologies of CVZ-67 from surface to depth of 502 ft (153 m).

Samples were sent to ALS Labs in North Vancouver. These lakebed sediments have shown very uniform lithologies and lithium grades over large areas of Clayton Valley.

The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram's Clayton Valley Lithium Project as defined under National Instrument 43-101.

About Noram Ventures Inc.

Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier. The Company's primary business is the Zeus Lithium Project ("Zeus") in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent - "LCE".

Noram's 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.

Please visit our web site for further information: www.noramventures.com

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ "Anita Algie"

Director and CFO

Office: (604) 553-2279

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.

SOURCE: Noram Ventures Inc.

Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Noram Lithium Corp.
Bergbau
A3CWAR
CA65542K1030
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"