Business
Noram Announces Plans for Phase 5 Drilling of Zeus Lithium Deposit
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Noram Ventures Inc. ("Noram") (TSXV:NRM)(Frankfurt:N7R)(OTCPINK:NRVTF) is pleased to announce plans for Phase 5
About this update from Noram Lithium Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Noram Ventures Inc. (\"Noram\") (TSXV:NRM)(Frankfurt:N7R)(OTCPINK:NRVTF) is pleased to announce plans for Phase 5 drilling for the Zeus Lithium Project in Clayton Valley Nevada, following the successful Phase 4 drill program that significantly increased the resources. Phase 4 drilling and earlier results were used for a new resource estimate: 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources, for a total of 201 million tonnes at 1101 ppm lithium (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent - \"LCE\" ; see Noram Ventures press release of February 5, 2020). The Phase 5 drill program is slated for 1440 meters, comprising 12 drill holes at 120 m depth each. The lithium claystone is known to extend to 120 m depth across much of the property. The drill program will have both infill and step-out drill collar locations, with the intent of upgrading Indicated and Inferred Resources into Measured and Indicated Resources; and to expand the deposit to the south and east of the current resource. An upgrade to the mineral resource from inferred to Indicated or Measured would reflect a greater level of confidence in the quantity, grade or quality, densities, shape and physical characteristics of the deposit such that Modifying Factors can be applied in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Noram management is encouraged by significant recent advances in successful lithium recovery from other claystone deposits in Nevada. Lithium Americas Corp. has the Thacker Pass lithium claystone deposit in northern Nevada, and has built a pilot plant that has produced over 5000 kg of high quality lithium sulfate brine, and has engaged experienced crystallization vendors to make battery quality lithium hydroxide samples and provide process flow sheet and cost estimates. They plan on completing a feasibility study on Thacker Pass by mid-2020 (see Lithium Americas press release January 21, 2020). Ioneer Ltd. has the Rhyolite Ridge lithium-boron claystone deposit, just 20 miles west of Noram's Zeus property. In 2018, they hired Fluor Corporation to build a pilot plant, and have successfully produced a potentially marketable lithium carbonate (...