CDN Maverick Reports ON Successful Investment in Noram: Noram Provides Phase V Drill Program Overview and Summary: Successful Expansion & Upgrade of Resource Estimate Forthcoming
FOR IMMEDIATE RELEASE
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM:
NORAM PROVIDES PHASE V DRILL PROGRAM OVERVIEW AND SUMMARY: SUCCESSFUL EXPANSION &
UPGRADE OF RESOURCE ESTIMATE FORTHCOMING
Vancouver, British Columbia – March 4, 2021 – CDN Maverick Capital Corp. (“Maverick” or the
“Company”) (CSE: CDN; OTCQB:AXVEF; Frankfurt: A117RU) is updating shareholders on its interest in
Noram Ventures Inc. who are pleased to announce the successful completion of two-thirds (8 holes) of
the proposed 12 -hole drill program, permitted to a depth of 500 ft (152.4 m). “The Co mpany is
exceptionally pleased with the progress to date, which includes a number of holes ending in what appears
to be consistent with high-grade lithium claystone at 500ft. This will have an incredible impact on our next
resource estimate” stated Anita Algie, CFO and Director.
Figure 1. Zeus lithium claystone project, 2021-02-23. The current indicated and inferred resources at >900 ppm cutoff is shown
in red, and the Phase 5 drill collar locations through CVZ -68 are shown. The dashed line is a hypoth etical area covered by
Phase 5 drilling to date. The drill spacing is similar to that used for claystone resources outlined within the Esmeralda Formation
in Clayton Valley and nearby.
CSE: CDN
OTCQB: AXVEF
Frankfurt: A117RU
Drillhole No. Thickness (m) Li Grade(ppm)
CVZ-61 79.2 1130
CVZ-62 88.4 1113
CVZ-63 36.6 1121
CVZ-64 73.2 1086
CVZ-65 82.3 1124
CVZ-66 67.1 1124
CVZ-67* ?82.3* in lab
CVZ-68* ?92.2* processing
Average CVZ-61 to -66 71.1 1116
*Intervals for 67 and 68 based on core and not confirmed by assays.
Table 2. Phase 5 drill intersections at >900 ppm Li, 2021-03-04
C. Tucker Barrie comments that: “we are making steady progress with our Phase 5 drill program. Already
we have added perhaps 4 km 2 to our >900 ppm lithium resources, and so f ar the intervals average over
70 meters. Given a specific gravity of 1.74 g/cc, we expect to add significant tonnage to our current
resources; and we still have several drill collars left to be tested.
Given the recent sharp rise in global lithium prices and projected strong demand for lithium ion batteries
for electric vehicles, there is enthusiasm for developing lithium claystone deposits, particularly in Nevada.
Lithium Americas recently closed a $US 400 million financing in part to develop their Thacker Pass project
/1/, and our neighbor in Clayton Valley, Cypress Development Corp., announced a $CAD 17 million
financing for their claystone deposit /2/. Noram management feels strongly that the Zeus lithium
claystone project will continue on a successful path with an updated, pit-constrained resource estimate
and a Preliminary Economic Assessment in 2021.“
/1/ www.lithiumamericas.com/news/lithium-americas-closes-us400-million-underwritten-public-offering
/2/ www.cypressdevelopmentcorp.com/news/2021/cypress-development-announces-upsize-to-previously-announced-bought-
deal-offering-to-c-17-million/
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 CDN Maverick Capital Corp.
CDN Maverick Capital Corp. is a Vancouver-based junior resource company whose focus is on the development of their Rainbow
Canyon Gold Project, which consists of 668.86 hectares of prospective gold exploration in the Olinghouse Mining District, in the
Washoe County Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS
“Sandy MacDougall”
Chairman & Director
Phone: (604) 662-7902
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such
forward - looking information can include wi thout limitation statements based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s
actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and
the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to
differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated
in such information. These and all subsequent written and oral forward- looking information are based on estimates and opinions of management
on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking
information should circumstance or management’s estimates or opinions change.
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policie s of the CSE) accepts
responsibility for the adequacy or accuracy of this release.