Noram Successfully Extends Zeus Lithium Deposit with Final Phase IV Drill Results

About this update from Noram Lithium Corp

[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 29, 2020 / Noram Ventures Inc. (\"Noram\") (TSXV:NRM)(Frankfurt:N7R)(OTCPINK:NRVTF) is pleased to announce the results for three remaining drill holes completed in the November 2019 Phase IV drill program on the Zeus lithium claystone property and the extension of the Zeus Lithium Deposit. The first three drill holes of this program were reported in a news release dated January 15, 2020. Results for drill holes 48, 51 and 52 are reported in Table 1 below and shown in simplified drill logs in Figure 2. Drill hole 51 resulted in 56.4 meters with an average of 1230 ppm Li, and drill hole 52 has 39.6 m at 1060 ppm Li immediately below the 2019-02 inferred resource. These values are expected to add significantly to the current inferred resource of 145 million tonnes at 1145 ppm Li (900 ppm cutoff: Peek and Barrie, 2019, see www.noramventures.com). 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-48, with lithium values. Figure 2b. Summary log for drill hole CVZ-51, with lithium values. Figure 2c. Summary log for drill hle CVZ-52, with lithium values. Noram President and CEO C. Tucker Barrie comments: \" These three drill holes will add significantly to our current inferred resources, and they verify that the deposit thickens and increases in grade to the south and east, where where there is >2 km2 of untested ground on the property. In the near future, we will have a new resource calculation and NI43-101 report for this deposit. We aim to further define this very large lithium resource with more deep drilling, and to initiate engineering studies to determine the most effective recovery methods. \" Noram's Zeus lithium property is located in Clayton Valley, Nevada, immediately adjacent and to the east of Albemarle's Silver Peak lithium bri...

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