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Alba Minerals and JV Partner Noram Ventures Announce New Round of Drilling on Clayton Valley Lithium Project - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2018) - Alba Minerals (TSXV: AA) (F...
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[{"type":"text","content":"Alba Minerals and JV Partner Noram Ventures Announce New Round of Drilling on Clayton Valley Lithium Project - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - February 5, 2018) - Alba Minerals (TSXV: AA) (FSE: A117RU) (OTC Pink: AXVEF) along with its joint venture partner Noram Ventures (TSXV: NRM) (FSE: N7R) (OTC Pink: NRVTF) have announced a new round of drilling on the Clayton Valley Lithium Project. Alba currently holds a 50% interest in the 12,920 acre lithium property owned by Green Energy Resources, Noram's wholly owned subsidiary.InvestmentPitch Media has produced a \"video\" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Alba\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_6bi0cs9b/Alba-Minerals-Noram-Ventures-announced-a-new-round-of-drilling-on-the-Clayton-Valley-Lithium-ProjectDrilling in 2017 on the Clayton Valley project successfully outlined a significant lithium clay resource to an average depth of just 50 feet. Many of the drill holes ended in significant mineralization, and there is the potential to expand the deposit to greater depths. Pending new drill permits, a recently constructed drilling rig will test to a depth of 300 feet on nine of the drill sites within the Inferred Resource boundary. A second phase of eleven drill holes is designed to expand the resource outside the Inferred Resource boundary along strike to the southwest and northeast.In November, the company announced an Inferred Mineral Resource on the Zeus property of 17.1 million metric tonnes at a grade of 1,060 parts per million lithium, which equates to 96,476 metric tonnes of Lithium Carbonate Equivalent.Sandy MacDougall, CEO, stated: \"We are excited to commence drilling again at Clayton Valley. There is ample room for expansion at depth and along strike near the presently outlined resource. We are also keen on gaining a better understanding on non-hectorite lithium enrichment of the resources, as discussed by Cypress Development Corp. regarding their adjoining lithium property. Initial testing by Cypress indicated a significant portion of the lithium is water-soluble. If this is the case with our deposit, this could significantly reduce the cost of extraction technologies.\"Clayton V...