CDN Maverick Reports ON Successful Investment in Noram: Noram Continues to Drill and Examines Positive Implications of Phase V Program
FOR IMMEDIATE RELEASE
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM:
NORAM CONTINUES TO DRILL AND
EXAMINES POSITIVE IMPLICATIONS OF PHASE V PROGRAM
Vancouver, British Columbia – November 24, 20 20 – CDN Maverick Capital Corp. (“Maverick” or the
“Company”) (CSE: CDN; OTCPINK: US; Frankfurt: A117RU) is updaing shareholders on its approximately
4.71% interest in Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF)
who are pleased to announce that the Company has co ntinued drilling in mineralization at depth on Hole
#7 (CVZ-62).
Figure 1 - LF-70 drill rig on CVZ-62 site, 2020-11-17, Brad Peek, Senior Geologist and Q.P. on site, looking northwest. CVZ-62 has 50 meters of
lithium claystone and is continuing to drill in the claystones. Samples have been submitted to ALS laboratories for analysis.
The Zeus property Esmeralda Formation playa lake bed sediments are horizontal and laterally continuous
strata over kilometers and each drill intersection has a large radius of influence for resource estimates.
This is evident in the February 20, 2019, Updated Inferred Lithium Mineral Resource Estimate, Zeus Project,
Clayton Valley, Esmeralda County, Nevada, USA NI 43-101 technical report for the Zeus property, where the
radius of influence is 250 meters or greater. “The prior hole CVZ-61, intersected approximately 298ft (91m)
of lithium claystone. With a specific gravity of 1.74 g/cc for the claystone material, this corresponds to ~31
million tonnes that potentially can be added to the resources from this one intersection alone” commented
Anita Algie, Director and CFO.
CSE: CDN
OTCPINK: AXVEF
Frankfurt: A117RU
“CVZ-61 is to the east of a NE-SW possible fault, and it appears that the fault has not affected the claystone
unit in a measurable way; i.e., there is no measurable displacement along the fault. This bodes well for the
rest of the drilling to the east of the fault, which will cover an area approximately the same as the current
resources (at >900 ppm lithium cutoff)” stated Brad Peek, consulting geologist and Qualified Person for this
and all 4 of the previous drilling phases of Noram’s Zeus Lithium property.
President and CEO, Dr. Tucker Barrie visited the Project this past week and reported:
“The Fall drill program is proceeding well. At present we have an LF -70 drill rig that can produce
50-60 feet of core per 12 hour shift. We are running one shift a day at present, but we will soon be
going to 2 shifts with a Longyear 44 rig that is capable of 12 0+ feet per shift. We are on track to
complete the drill program before Christmas.
On this visit I had the opportunity to meet with our neighbors in Clayton Valley who are producers
of lithium and of other resources. There is potential for synergies in the production of these
resources moving forward, and we will continue to have discussions in this regard. “
As well, I met with senior geologists from the Nevada Bureau of Mines and the United States
Geological Survey to update them of our activities and to hear about their research related to
lithium claystone deposits in Nevada. There are many ways we can work together, including
providing access to our property and drill core for detailed mineralogical studies, and working
toward possible lithium symp osia in Nevada in the future. It would be ideal to gather industry,
academia and the geological surveys to discuss Nevada’s significant lithium resources and how to
increase production for the growing electric vehicle market. “
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 with projects in North America. CDN Maverick is focused on the
development of the following mineral properties:
The Ranger Lake Gold Project consists of 1,107 hectares of prospective gold exploration in southern Quebec, Canada.
The Rainbow Canyon Gold Property consists of 417 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 without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of f uture
performance of the Company. The following are important factors that could cause the Company’s actual results to differ mater ially 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 obliga tion to update forward -looking
information should circumstance or management’s estimates or opin ions 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.