ACCESS Newswire
25 Feb 2021, 12:31 GMT+10
VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Noram Ventures Inc. ('Noram' or the 'Company') (TSXV:NRM)(Frankfurt:N7R)(OTCQB:NRVTF) is pleased to announce the successful completion of CVZ-64. The Company completed core hole CVZ-64 at a depth of 422 feet (128.6 m) and was pleased to note that this is yet another hole in which mineralization essentially began at surface. An interval of 250 ft (76.2 m) was intersected from 22 ft (6.7 m) to 272 ft (82.9 m).
Figure 1a) Strip Log of CVZ-64 outlining the various claystone types encountered at depth from the surface to 422 ft (128.6 m) b) Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill sites completed or in progress (seen in green) to date for the Phase V 2020 program. Proposed drill sites not yet explored indicated in white.
Table 1 - Summary of sample results from CVZ-64 from surface to depth of 422 ft.
The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram's Clayton Valley Lithium Project as defined under National Instrument 43-101.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is a Canadian-based junior exploration company with a goal of developing lithium deposits and becoming a low - cost supplier. The Company's primary business is the Zeus Lithium Project ('Zeus') in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resource, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent - 'LCE.'
Noram's long-term strategy is to build a multi-national lithium minerals company to produce and sell lithium into the markets of Europe, North America, and Asia.
Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ 'Anita Algie'
Director and CFO
Office: (604) 553-2279
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties, and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, other than as required by applicable securities laws.
SOURCE: Noram Ventures Inc.
Get a daily dose of Hawaii Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hawaii Telegraph.
More InformationBEIJING, China: Six people are still missing and rescue teams continued their search on May 28 after a powerful explosion at a chemical...
RIO DE JANEIRO, Brazil: Starting June 1, Rio de Janeiro's Mayor Eduardo Paes has issued a new set of rules for the city's beaches that...
WASHINGTON, D.C.: In a significant shift to federal vaccine guidance, the U.S. government will no longer recommend routine COVID-19...
KATHMANDU, Nepal: Using xenon gas treatment and new technology is making climbing Mount Everest faster and better for the environment...
CAIRO, Egypt: Egypt has revealed three newly discovered tombs in the Dra Abu al-Naga necropolis in Luxor. These tombs, found by Egyptian...
TOKYO, Japan: As global inflation remains stubborn and growth prospects dim, central bankers from around the world gathered in Tokyo...
WASHINGTON, D.C.: After months of steady decline, U.S. consumer confidence saw a significant rebound in May—buoyed in part by a temporary...
NEW YORK, New York - Uncertainty over trade tariffs kept invetsors and tradersv at bay on Friday with the major indices finishing mixed....
NEW YORK CITY, New York: As trade policy uncertainty rattles markets and slashes valuations, a growing number of U.S. retailers are...
FRANKFURT, Germany: Volvo Cars, based in Sweden, is cutting 3,000 jobs to reduce costs as the automobile industry struggles with trade...
YOKOSUKA, Japan: Facing mounting losses and global restructuring, Japan's Nissan Motor Corp. is turning to its unique e-Power hybrid...
NEW YORK, New York - U.S. stock markets see-sawed Thursday as the judicial system became a key player in Donald Trump's trade wars....