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Noram Lithium Engages SRK Consulting To Optimize Zeus Mine Plan
VANCOUVER, BC / ACCESSWIRE / February 7, 2023 / Noram Lithium Corp. (" Noram " or the " Company ...
About this update from Noram Lithium Corp
[{"type":"text","content":"Noram Lithium Engages SRK Consulting To Optimize Zeus Mine PlanVANCOUVER, BC / ACCESSWIRE / February 7, 2023 / Noram Lithium Corp. (\"Noram\" or the \"Company\") (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) announces that is has engaged SRK Consulting (U.S.) Inc. (\"SRK\") to produce an optimized mine plan for its 100% owned Zeus Lithium Project (\"Zeus\" or the \"Project\") in Clayton Valley, Nevada. The optimization study will focus on the high-grade zone of the Zeus deposit, a component of the recently updated Mineral Resource Estimate for the Project (see news release dated January 31, 2023). The high-grade zone at Zeus outcrops at surface and is approximately 60 meters thick x 1.2 kilometers wide x 3.0 kilometers long. The results of the study will form the basis for future technical, operational and economic studies for development and further de-risking of the Project.\"With an updated Measured and Indicated Resource that supports a +100 year mine life based on our Preliminary Economic Assessment process plant design, it is prudent that we look at how we can optimize the early part of the mine design to deliver the highest return on invested capital for our stakeholders,\" stated Greg McCunn, Chief Executive Officer of Noram. \"The Zeus deposit is unique among sedimentary lithium deposits in that it has a high-grade core that provides us with the flexibility to run various scenarios on mining rates in combination with process plant capacity to optimize lithium carbonate production and minimize upfront capital cost.\"SRK's initial scenario analysis work will comprise a detailed data review; followed by scenario definition; pit optimization; mine scheduling; mine costing; economic modelling, and ultimately selection of the preferred scenario for advancing the Project.About SRKEstablished in 1974, the SRK group employs more than 1400 staff in over 45 offices on six continents with over 150 internationally recognized associates to complement the team. Work for the Zeus Project will be carried out from SRK's offices in Reno, Nevada with support from SRK Consulting (Canada) Inc. from its office in Vancouver, Canada.SRK's mining team have developed an innovative and rigorous mine planning methodology that takes a mineral resource through to comprehensive technical reports. The methodology focuses on pit optimization, economic mining...