ORIGINAL: Noram Successfully Drills Deepest Hole to Date & Intersects 756.5 ft (230.6 m) of Favourable Tuffaceous Claystones
2023-12-06 09:02 ET - News Release
VANCOUVER, BC / ACCESSWIRE / December 6, 2023 / Noram Ventures Inc. ("Noram") (TSXVenture:NRM)(Frankfurt:N7R)(OTCQB:NRVTF) is pleased to announce the completion of the second hole of its 10 hole drill program; referred to as CVZ-83. CVZ-83 was drilled to a depth of 770 feet (234.7m). It is the deepest hole ever drilled on Noram's wholly-owned Zeus Project in Clayton Valley Nevada, USA. The core has been cleaned, logged, photographed and is in the process of being sampled for assay by the crew with the independent consulting group Big Rock Exploration of Duluth, Minnesota, USA. A graphical representation of the hole's lithology is shown in Figure 1. The hole was drilled approximately 860 feet (265 meters) north of CVZ-82, reported in Noram's most recent news release.
Figure 1 - Core hole CVZ-83 lithology.
After passing through 13.5 feet (4.11m) of unconsolidated surface gravel, the hole encountered the green tuffaceous mudstones and volcanic rocks logged in previous drill holes. These rocks extend to the bottom of the hole, a thickness of 756.5 feet (230.6m). From previous drilling, it is believed that the tuffaceous mudstones and volcanics are highly prospective for the high-grade lithium values that have become the norm for the Zeus deposit. If this is proven to be true from the pending assays, it will increase the deposit to the northwest from its previously defined extent. Figure 2 is a Google Earth graphic that shows the current drilling status of the Phase VII drilling program.
Figure 2 - Zeus Phase VII drilling status with the outline of Noram's claims - Placer claims in blue and lode claims in red.
With the completion of CVZ-83, the drill has moved to CVZ-84 and drilling is in progress. Sampling of the core using an industry standard QA/QC protocol is underway. Samples are to be delivered to ALS Laboratories in Reno, Nevada for assaying. Assay results are pending.
"This is extremely exciting news for Noram. Not only are we expanding the size and extent of the resource in the northwest quadrant; but we are also validating our theory about this deposit at depth by drilling some of these much deeper holes. All of which has major implications on a successful PFS" commented Sandy MacDougall, Executive Chairman and Director.