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Drill Results Confirm Graphite Discovery at Noram's Jumbo Property in British Columbia
Drill Results Confirm Graphite Discovery at Noram's Jumbo Property in British Columbia Vanc...
About this update from Noram Lithium Corp
[{"type":"text","content":"Drill Results Confirm Graphite Discovery at Noram's Jumbo Property in British ColumbiaDrill Results Confirm Graphite Discovery at Noram's Jumbo Property in British Columbia\n\nVancouver, British Columbia CANADA, February 26, 2014 /FSC/ - Noram Ventures Inc. (NRM - TSX Venture), (\"Noram\" or the \"Company\") is pleased to report that analytical results confirmed graphite mineralization in six of eight holes of Phase I exploration drilling at the Jumbo flake-graphite property (the \"Property\")(See location map: Figure 1: http://noramventures.com/Maps/Fig-1_Jumbo-Location.jpg).\n\nPhase I drilling included a total of 1,295 meters (m) of core drilling completed in eight holes, with an average depth of 162m. Initial drill targets were chosen to test three separate areas; two with up to 7% graphitic carbon on surface, and the other with a strong EM conductor defined by an airborne SkyTEM survey. Five holes (J13-001 - 004 & 007) were drilled in the Big Flake showing area, 2 holes (J13-005 & 006) in the Black Fly showing area 7.9 kilometers (km) to the south, and 1 hole (J13-008) was drilled in the South Limb EM conductor 7.2 km to the southeast (See Figure 2 for drill hole locations: http://noramventures.com/Maps/Fig-2_Jumbo-DH-Location.jpg, and the table of assay results for all holes below).\n\nThe most significant intersection was in hole J13-008, drilled to test an exposure of well bedded graphitic schistose sediment within a strong airborne EM conductor. This hole returned 1.81% graphitic carbon (C) over 86.7m (true width) from 37.7m to 124.4m (end of hole), including 3.11% C over 16.3m (from 49.6 to 66.0m). \n\nGraphite intersected in hole J13-008 is considered a new discovery in a well-bedded graphite-rich schist marked by a strong 30 - 35km long airborne EM conductor. Only one hole has been drilled into this target, the remainder of the EM anomaly unexplored. The graphitic lithology projects up dip to surface at 37 degrees to the southwest. The projected graphitic mineralization at surface is at least 170m wide, however may extend to the southwest and to the northeast as well.\n\nThe hangingwall of the upper, higher-grade interval (2.49% C over 40.9m) in hole 008 projects to surface roughly at the north side of the Arrow Park road at 860m elevation. A calculated theoretical surface trace of this horizon coincides clos...