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Noram Confirms Large Area of Lithium-Rich Mineralization on Zeus Portion of its Clayton Valley Project
Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) ("Noram" or the "Company") is pleased to report the final assay resu
About this update from Noram Lithium Corp
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) (\"Noram\" or the \"Company\") is pleased to report the final assay results from the Phase II surface and sub-surface sampling continue to indicate a lithium rich evaprorite rock sequence on the Zeus claim group of its Clayton Valley Lithium Project (see Figure 1). The Zeus claim group is located within two kilometers of Albemarle’s Silver Peak Lithium Mine that has been in production since 1966 and is the only lithium brine operation in North America. The Phase II sampling program included a total of 73 samples and results from the final 51 samples increased the average sample assay value to approximately 780 ppm lithium with a range of 206 ppm to a high of 1,670 ppm lithium in the claystones (see Table 1 for all sample descriptions and assay results). The samples were taken over a 1,200 meter long by 800 meter wide area and it is important to note that the samples are primarily vertical chip samples. The vertical chips range from two feet (~0.6 meters) to 10 feet (~3 meters) in length and most are “stacked”, in that the samples were taken stratigraphically above or below the previous sample. With this type of sampling the variability in sample values between beds can be ascertained. The results indicate the potential for a large mass of lithium mineralized claystones commencing at surface and extending to yet unknown depths. It appears, at least in some areas of the Zeus claim group, that the lithium-rich clays of the Esmeralda Formation are buried beneath more recent sediments that contain anomalous lithium values spread over a wide area. The area measures approximately 2.5 miles (4.1 km) by 1.5 miles (2.4 km) on the Zeus claims. Basically, wherever the Esmeralda Formation outcrops, there are beds that carry anomalous lithium. Noram’s independent technical consultant, Bradley Peek, MSc and PGeo, supervised the collection of the Phase II samples. The samples were submitted to ALS Minerals in Reno, NV, for analysis. The samples were crushed, split, a portion was pulverized and a one-gram aliquot analyzed by ALS Chemex method ME-MS61 (48 elements, including lithium, four-acid ICP-MS). Mark Ireton, President of Noram, said, “The analytical results from The Phase II sampling program are extremely encouraging and we will now apply to t...