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Noram Lithium Corp V.NRM

Alternate Symbol(s):  NRVTF

Noram Lithium Corp. is Canadian junior exploration and development company. The Company is focused on advancing its Zeus Lithium Project (Zeus) to production in Nevada. The Zeus property is approximately halfway between Las Vegas and Reno; and within two kilometers of Albemarle Corporation’s lithium brine producing operations (Silver Peak Mine). The property is comprised of 1,133 hectares which is the equivalent of 2,800 acres. Zeus consists of approximately 146 placer claims and 136 lode claims. The perimeter of the Zeus claims is 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.


TSXV:NRM - Post by User

Post by lithiumson Apr 14, 2022 9:13am
297 Views
Post# 34603236

News

News

 

Noram Lithium drills 135 m of 968 ppm Li at Zeus

 

2022-04-14 08:26 ET - News Release

 

Mr. Sandy MacDougall reports

NORAM RECEIVES RESULTS FOR CVZ-70: HIGH OF 1930 PPM INTERSECTION OF 443 FT (135.0 M) AVERAGING 968 PPM LITHIUM

Noram Lithium Corp. has completed hole CVZ-70 and has released the final assay results. The Company completed core hole CVZ-70 at a depth of 463 feet (141.1 metres). An interval thickness of 443 ft (135.0 m) was intersected from 20 ft (6.1 m) to 463 ft (141.1 m) which encompasses the entire core hole. The weighted average lithium values present were as follows:

"CVZ-70 is the first hole in Noram's 12-hole Phase VI drilling program. The hole clearly shows the consistently high lithium grades across this blanket-like mineral deposit." comments Brad Peek, VP of Exploration and geologist on all six phases of Noram's Clayton Valley exploration drilling.

"We are very happy with Noram's progress to date. This phase of drilling will upgrade a substantial amount of the Inferred Resource to the Indicated category. While we move aggressively forward towards the completion of our PFS in 2022, we remain focused on our green mandate by exploring new ingenuitive solutions. Noram will stay aligned with its values and be a leader in this field while bringing immense value to the shareholders as it takes the Zeus Project to the next level," commented Sandy MacDougall, chief executive officer and director.

The samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the sample batch and returned values that were within their expected ranges.

The technical information contained in this news release has been reviewed and approved by Brad Peek, MSc, CPG, who is a Qualified Person with respect to Noram's Clayton Valley Lithium Project as defined under National Instrument 43-101.

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