Drill Results Confirm Thick Intervals of Graphite, Near Surface, at Noram Ventures Kokanee Property in British Columbia
Drill Results Confirm Thick Intervals of Graphite, Near Surface, at Noram Ventures Kokanee Property in British Columbia
Infrastructure for a quarry mining operation is readily accessible in the area
Vancouver, British Columbia CANADA, January 30, 2013 /FSC/ - Noram Ventures Inc. (NRM - TSX Venture)("Noram" or the "Company")is pleased to report assay results from the initial drilling program completed on the Kokanee Flake-Graphite Property, located ~50 kilometers (km) northeast of the city of Nelson, British Columbia.
The objective of the drill program was to establish the potential of a flake-graphite deposit being present on the Kokanee Property. Surface exposures and an electromagnetic anomaly indicate a graphite-bearing horizon in early Palaeozoic metamorphosed sediments over a 2km strike length and up to 200 meters (m) wide. Surface samples collected from this zone have shown grades ranging from 0.70 to 7% graphite. Six NQ diamond drill holes, totaling 1,376m, were completed over a 1,200m strike length of the zone.
The drilling was successful in meeting its objectives. All holes intersected significant graphite mineralization, and preliminary results indicate the possibility of a continuous zone of mineralization over the full 1,200m strike length drilled. Drilling projects a down-dip depth of 150 to 200m and the zone is open in both directions along the 2km strike length.
Assay intervals from the first three drill holes at various cut-offs include:
-***-
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DDH From To Core Length Cg %
(m)*
KD12-001 78.0 148.2 70.2 1.53
including 56.7 66.8 8.1 2.36
and 84.1 111.6 27.5 1.75
KD12-002 88.4 154.0 65.6 1.61
including 99.1 126.5 27.4 1.80
and 141.8 154.0 12.2 2.13
KD12-003 22.9 40.1 17.2 1.52
including 25.9 35.1 9.2 1.72
and 52.1 85.0 32.9 1.85
including 59.5 85.0 25.5 1.96
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-****-
*These are down-hole core lengths and the true width of KD12-001. True widths of Holes KD12-002 and 003 are approximately 80% of down-hole length.
"We are very pleased with the initial drill results from our Kokanee Property, stated Dave Rees, President of Noram Ventures. "The potential tonnage and grades are in line with other graphite deposits being developed in eastern Canada. And the Kokanee Property is one of only a few graphite projects currently being developed in western North America, which offers us an advantage in serving the markets of the northern Pacific Rim."
Quality Assurance/Quality Control:
All core samples are logged and split with half sent to the lab for analysis and half securely stored for future reference. Acme Analytical Laboratories Ltd. (Acme), a fully certified laboratory based in Vancouver, B.C., conducted the sample preparation and analytical work, which included crushing and pulverizing a 250 gram split of the rock samples to 200 mesh. The graphitic carbon content was determined by igniting a 0.1 gram aliquot of the sample to 600 degrees Centigrade to burn off free carbon and leaching in HCL to dissolve all carbonate rock. The residue carbon content, which is pure graphite, was determined by a standard Leco process.
On conclusion of drilling and receipt of initial Acme assays, samples were selected for check assays at AGAT Laboratories in Vancouver. The results of these samples have been received and provide a good correlation to the original Acme assays.
Results from holes KD12-004, 005 and 006a will be announced upon receipt of the assays.
John R. Kerr, P.Eng. and Qualified Person as defined in National Instrument (NI) 43-101, has reviewed and approved the technical content of this news release on behalf of the Company. On receipt of all analytical results, Mr. Kerr will be preparing an NI43-101 compliant Technical Report for Noram on the Kokanee and Jumbo graphite properties.
About the Kokanee Property:
Noram has an option to earn a 100% interest in the Kokanee Flake-Graphite Property, which covers an area of 1,659 hectares. Graphite is an industrial mineral, and ease of access and ease of extraction are just as important parameters as grade for determining economic viability of a graphite deposit. Infrastructure for a quarry mining operation is readily accessible in the Central Kootenays, with a paved highway within 2km of the project site and rail transportation 45km to the south.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM) is a Canadian based mineral exploration company with a project generator business model. The Company's strategy is to identify and acquire early-stage properties that offer large-scale resource potential, and create value through the initial drilling and discovery phase. Noram's current focus is on three properties in the Central Kootenay region of Southeastern British Columbia: the Jumbo Flake-Graphite Property, the Kokanee Flake-Graphite Property and the Silver Hill Molybdenum-Galena Property.
For further information, please visit www.noramventures.com.
For corporate, media, or investor communications contact:
Greg Lytle
Lytle & Associates
Corporate Communications
Phone: (604) 839-6946
Email: info@noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "David W. Rees"
President & Director
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding exploration work on the properties and the completion of the Offering. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, and (7) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE, NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Noram Ventures Inc.
12835 Gilden Road, Madeira Park, BC Canada V0N 2H1
Tel.: 604.290.5696
Website: www.noramventures.com
email: dwrees@telus.net
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/noramventuresjan302013.htm
Source: Noram Ventures Inc. (TSX-V: NRM) http://www.noramventures.com
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