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Clayton Valley on the Radar - Noram Receives Initial Assay Results for Upper Portion of CVZ-62: High of 1900 PPM & Average of 1049 PPM Over 90ft (27 M)
VANCOUVER, BC / ACCESSWIRE / December 22, 2020 / Noram Ventures Inc. ("Noram" or the "Comp...
About this update from Noram Lithium Corp
[{"type":"text","content":"Clayton Valley on the Radar - Noram Receives Initial Assay Results for Upper Portion of CVZ-62: High of 1900 PPM & Average of 1049 PPM Over 90ft (27 M)VANCOUVER, BC / ACCESSWIRE / December 22, 2020 / Noram Ventures Inc. (\"Noram\" or the \"Company\") (TSXV:NRM)(FSE:N7R)(OTCQB:NRVTF) is pleased to highlight the recent confirmation by Tesla to move its headquarters and future programs to Texas/Nevada immediately. \"That, coupled with the very favourable research report by Couloir Capital (https://bit.ly/2J5vV2y) on Noram's neighbours, Cypress Development Corp., has successfully brought even more attention to size and extent of the economic potential of the area. Noram is perfectly positioned to benefit from the move of this green energy revolution giant into our backyard\" stated Anita Algie, CFO and Director.Noram has also received the initial assay results for drill hole CVZ-62 (shown below). A total of 26 samples were rushed to ALS Global Laboratories of North Vancouver, B.C taken from the first 227 ft (69 m) drilled. From 137 ft (42 m) to 227 ft (69 m) (an intersection of 90 ft or 27 m), the samples contained an average of 1049 ppm lithium. This average is consistent with Noram's 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\", Figure 1 below - area highlighted in red) after the completion of the prior 4 phases of drilling.\"The highly prospective clays continue for at least another 207 ft (63 m) below the first 227 ft (69 m) assayed. We anticipate a much greater total thickness of higher-grade mineralization upon receipt of the second set of assays,\" commented Brad Peek, consulting geologist and Qualified Person for this and all 4 of the previous drilling phases of Noram's Zeus lithium property.The summary of assay results is as follows:Hole IDSample No.From (ft)To (ft)Depth to TopDepth to BaseRecvd Wt. (Kg)Li (ppm)CVZ-62171014413173.965.180.54630CVZ-62171014517275.188.232.2620CVZ-62171014627378.2311.281.62500CVZ-621710147374711.2814.332.38580CVZ-621710148475714.3317.372.66362CVZ-621710149576717.3720.422.06423CVZ-621710150677720.4223.472.92550CVZ-621710151778723.4726.522.98500CVZ-621710152879726.5229.572.94810CVZ-6217101539710729.57...