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Noram Announces New Resource Estimate for Zeus Lithium Deposit Preliminary Economic Assessment Underway and in Final Stages
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Phase V Drill Program Concluded with Best Assay Results to Date
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Phase V Drill Program Concluded with Best Assay Results to Date
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VANCOUVER, BC / ACCESSWIRE / April 21, 2021 / Noram Ventures Inc. ( Noram or the Company ) (OTCQB:NRVTF) is pleased to announce the assay results of CVZ-67, completed at a depth of 502 ft (153 m). The first 202 feet (61.6 m) were drilled through surface gravel before reaching the clay and mudstone units within the Esmeralda Formation. A 19-foot (5.8 m) thick section of brown sandy mudstone was intersected, followed by 11 feet (3.6 m) of tan claystone. From there on to the end of the hole, 232-502 feet (70.7-153 m), the hole penetrated the blue and blue-black clays that consistently carry the higher lithium grades. The interval from 282-502 feet (61.6-153.0) contained 220 feet (67.1 m) averaging 1000 ppm Li. As can be seen from the attached CVZ-67 strip log, the hole ended with a lithium grade of 1220 ppm Li and the grade appeared to be increasing with depth.
CVZ-67 Assays End at 502 FT (153 M) in LI Grade of 1220 PPM, Increasing with Depth
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