Noram Ventures Inc.: Drilling Underway on Zeus Property, Clayton Valley

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[{"type":"text","content":"VANCOUVER, BC / ACCESSWIRE / November 20, 2018 / Noram Ventures Inc. (\"Noram\") (TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) is pleased to announce that the Company has received final permit approval from the U. S. Bureau of Land Management (BLM) and drill crews have been mobilized to Noram's Zeus property in the Clayton Valley, Nevada, USA. Noram's NI 43-101 Inferred Resource & Phase II, Zeus Property In 2017, Noram announced a NI 43-101 compliant inferred resource of 17 million tonnes at a grade of 1060 ppm lithium in clays (which equates to 96,476 metric tonnes of LCE) based on a Phase I drill program that involved the completion of 46 holes to an average depth of 47 feet (14.3 metres). The Zeus claim block consists of 140 claims at 20 acres each, or 2800 acres. The resource polygon for the 17 million tonnes covered 113 acres, or 4%. While the Phase I drilling was more extensive than just the resource polygon, it didn't fully evaluate the areas covered because the holes were so shallow. The complete NI 43-101 Technical Report is available on SEDAR. Phase II was successfully completed in May 2018. In Phase II, 9 of the original 29 core holes used in the maiden resource estimate were deepened to approximately 300 feet (100 metres). The 9 holes drilled in Spring 2018 deepened existing holes to an average depth of 270 feet (82.2 metres), which is 5.75 times the previous average depth used in the resource estimate. Results of the Phase II drilling were announced in an August 10, 2018 release. Phase III Drill Program, Zeus Property This will be the third round of core drilling on the Zeus property and is expected to significantly expand the previously announced NI 43-101 inferred resource. The Phase III drilling is intended to evaluate 1380 acres, or 49% of the Zeus claims. This Phase III program will involve the drilling of 17 additional core holes, each to a depth of approximately 100 feet (30 meters). While the 17 Phase III holes will be relatively shallow (100 feet/30metres), they have been permitted to depths of 400 feet (120 meters) so that they can be deepened at a later time if results continue to be encouraging. The drill hole locations have been selected to the north, south, east and west of the inferred resource area and include step-outs of 1000 feet (300 meters) to 2000 feet (600 meters). The larger step-o...

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