Noram Initial Drill Result Values Higher Than Current Inferred Resource on Zeus Property Clayton Valley, Nevada, USA

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[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 15, 2020 / Noram Ventures Inc. (\"Noram\") (TSXV:NRM)(Frankfurt:N7R)(OTCPINK:NRVTF) is pleased to announce the results for three of six drill holes completed during the November 2019 Phase IV drill program on the Zeus lithium claystone property. The results for drill holes 47, 50 and 53 are given in table 1 below and shown in simplified drill logs in figure 2. Drill hole 47 returned results of 29 meters at 1164 ppm Li, and drill hole 53 showed 54.9 m at 1186 ppm Li immediately below the 2019-02 inferred resource. These values are higher than the current inferred resource of 145 million tonnes at 1145 ppm Li (900 ppm cutoff: Peek and Barrie, 2019, see www.noramventures.com). Table 1. Phase IV Drilling Results - 47, 50, 53 Deepened Portions of Holes (New Drilling)         Minimum Maximum Weighted   From To Interval Li Li Average Li Core Hole (m) (m) (m) (ppm) (ppm) (ppm) CVZ-47-RD 29.6 101.2 71.6 570 1750 1004 CVZ-48-RD 29.6 49.4 19.8 - - pending CVZ-50-RD 29.6 64.6 35.0 215 1080 513 CVZ-51-RD 22.9 119.5 96.6 - - pending CVZ-52-RD 29.0 79.9 50.9 - - pending CVZ-53-RD 29.6 107.3 77.7 438 2040 1070 Entire Holes         Minimum Maximum Weighted   From To Interval Li Li Average Li Core Hole (m) (m) (m) (ppm) (ppm) (ppm) CVZ-47 4.6 101.2 96.6 570 1750 1020 CVZ-48 0.0 49.4 49.4 - - pending CVZ-50 3.0 64.6 61.6 215 1270 713 CVZ-51 0.6 119.5 118.9 - - pending CVZ-52 0.0 79.9 79.9 - - pending CVZ-53 2.9 107.3 104.4 438 2260 1072 Figure 1. Google Earth image of Zeus lithium property, Clayton Valley, Nevada, adjacent to Albemarle's lithium brine operations to west (see evaporation pond to upper left). The Esmeralda Formation lithium claystone is under a thin (0-5 m-thick) veneer of alluvium shed off of high hills to the east. The contours represent the 300 ppm, 600 ppm and 900 ppm cutoff lines for the NI43-101 resource estimate which included 145 million tonnes @1145 ppm Li (900 ppm cut-off, = 0.88 million tonnes lithium carbonate equivalent; Peek and Barrie, 2019; see www.noramventures.com). Figure 2a. Summary log for drill hole CVZ-47, with lithium values. Figure 2b. Summary log for drill hole CVZ-50, with lithium values. Figure 2c. Summary log for drill hle CVZ-53, with lithium values. Noram's Zeus lithium property is located in Clayton Valley, Nevada,...

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