Noram Ventures and Alba Minerals Provide Update on N.I. 43-101 Technical Report for Clayton Valley Lithium Project

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[{"type":"text","content":"VANCOUVER, BC / ACCESSWIRE / November 21, 2017 / Noram Ventures Inc. (TSX-V: NRM; Frankfurt: N7R; OTC PINK: NRVTF) (''Noram'' or the ''Company'') and Alba Minerals Ltd. (''Alba'') (AA.V; AXVEF; A117RU) is pleased to provide a synopsis of its previously disclosed N.I. 43-101 report and its news release on (August 16th 2017). The Technical Report includes a detailed review of the exploration work completed to date, an inferred resource estimate, interpretations and conclusions, and recommendations for the next phases of work. Noram acquired a land position in the Clayton Valley of Nevada consisting of 646 placer claims, the land package covers 12,920 acres (as of September 1, 2017). The perimeter of Noram's claims are located within 1 mile (1.6 kilometers) of Albemarle Corporation's (Albemarle's) lithium brine operations. Lithium is produced at Albemarle's plant from deep wells that pump brines from the basin beneath the Clayton Valley playa. The plant is the only lithium producer in the United States and has been producing lithium at this location continuously since 1967. Between Albemarle's operation and Noram's land position lies Pure Energy Minerals' Clayton Valley South project where Pure Energy has announced an NI 43-101 inferred resource of 218,000 metric tonnes of lithium carbonate equivalent (LCE) above a cutoff of 20 mg/l (Blois et al, 2017). This resource occurs as basinal brines like those at Albemarle's project. Noram's drilling of 46 shallow core holes into the lithium-rich sediments that were previously identified through surface sampling has provided a basis for the definition of an inferred lithium resource. The lithium assays from the drilling provided results that were quite consistent over a reasonably large area of close-spaced drill holes. The model generated for the inferred resource estimate indicated a zone of higher lithium grades trending northwest-southeast through the area of the resource, perhaps reflecting an ancient shoreline of the playa lake bed. The model that was generated from the close-spaced drilling was very homogeneous. The deposit remains open in all directions and at depth and the drilling tested less than 1% of the area covered by the extensive claim holdings. The model reports an Inferred Mineral Resource of approximately 17 million metric tonnes at a grade of about 1,060 ppm Li, which ...

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