CDN Maverick Reports ON Successful Investment IN Noram: Noram Moves Forward with Efforts to Upgrade the Resource - Successfully Drilling Clay and Expediting Sample Assays
FOR IMMEDIATE RELEASE
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM:
NORAM MOVES FORWARD WITH EFFORTS TO UPGRADE THE RESOURCE -
SUCCESSFULLY DRILLING CLAY AND EXPEDITING SAMPLE ASSAYS
Vancouver, British Columbia – November 12, 20 20 – CDN Maverick Capital Corp. (“Maverick” or the
“Company”) (CSE: CDN; OTCPINK: US; Frankfurt: A117RU) is updaing shareholders on its 4.71% interest in
Noram Ventures Inc. (“Noram”) and is pleased to announce the successful start to its Phase V drill program.
Hole #1 (as shown below) has been drilled to a depth of approximately 227ft (69m) and yielded visual
lithium hosted clay samples, as shown below, which will be sent in for assaying on a rush basis. The Company
anticipates receipt of the initial results within the next few weeks.
Figure 1 and 2 – photos of drill core derived from Hole #1. Currently at approximately 227ft (69m) in depth and continuing to drill.
The Company intends to move a second drill onto the property next week. The Phase V drill program is
slated for 1440 meters, comprising 12 drill holes at 120 m (393ft) depth each. The lithium claystone is known
to extend to 120 m (393 ft) depth across much of the property. The drill program will have both infill and
step-out drill collar locations, with the intent of upgrading Indicated and Inferred Resources into Measured
and Indicated Resources; and to expand the deposit to the south and east of the curre nt resource.
Consistent with National Instrument 43 -101, resources are divided into “inferred,” “indicated” and
“measured” based on the level of geological confidence in the mineralization, and reserves, into “probable”
CSE: CDN
OTCPINK: AXVEF
Frankfurt: A117RU
and “proven” upon at least a pre-feasibility study having been undertaken on the indicated and measured
resources. Measured and indicated resources are inclusive of proven and probable reserves.
This is significant for shareholders because an upgrade to the mineral resource from Inferred t o Indicated
or Measured would reflect a greater level of confidence in the quantity, grade or quality, densities, shape
and physical characteristics of the deposit such that modifying factors can be applied in sufficient detail to
support mine planning and evaluation of the economic viability of the deposit. A Measured Resource is
based on detailed and reliable exploration, sampling and testing information gathered through appropriate
techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely
enough to confirm both geological and grade continuity.
Upon completion of Phase V, the updated NI43 -101 compliant technical report will provide the upgraded
resource estimate and an open pit design. “Noram will accomplish some notable milestones over the next
year. The Company is working aggressively towards the completion of a PEA outlining the strong economics
of the resource and its potential to generate significant cash flow to the benefit of its shareholders”
commented Dr. Tucker Barrie, President and CEO.
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 uncertain ties and are not guarantee s of future
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 t his 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 policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.