Noram Drills CVZ-87 to Depth of 568 FT (173.13 M): Intersecting Approximately 455 FT (139 M) of Favourable Claystones Near Surface
Noram Lithium Corp.
Suite 2150 – 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
FOR IMMEDIATE RELEASE
NORAM DRILLS CVZ-87 TO DEPTH OF 568 FT (173.13 M):
INTERSECTING APPROXIMATELY 455 FT (139 M) OF FAVOURABLE
CLAYSTONES NEAR SURFACE
Vancouver, British Columbia – December 20, 2023 – Noram Lithium Corp. (“Noram”) (TSX –
Venture:NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce the completion of core hole
CVZ-87, the fourth hole in its 10-hole Phase VII drilling program on its 100% owned Zeus project in
Clayton Valley, Nevada, USA. The hole was an infill hole to more precisely define the previously
announced mineral resource. This hole, along with others in this round of drilling, is expected to upgrade
some of the inferred resource to indicated and some of the indicated resource to the measured categories in
the core of the main deposit.
Figure 1 – Strip log of the CVZ-87 lithologies.
CVZ-87 was completed at a depth of 568 ft (173.13 m). The core has been cleaned, logged, photographed
and is in the process of being sampled for assay by the crew with the independent consulting group Big
Rock Exploration of Duluth, Minnesota, USA. Sampling of the core using an industry standard QA/QC
protocol is underway. Samples are to be delivered to ALS Laboratories in Reno, Nevada for assaying.
Assay results are pending.
As with other nearby, previously drilled holes, CVZ-87 intersected a thick section of olive, blue and blue -
black tuffaceous claystones and mudstones that, in the past, have carried high lithium grades. CVZ -87
intersected approximately 455 ft (139 m), from depths of 8 ft to 463 ft (2.4 to 141.1 m) of these promising
lithologies. A strip log of the hole’s lithologies is shown in Figure 1.
With the completion of CVZ-87, the drill moved onto CVZ-88 and had begun drilling that hole. The
current drilling status of the Phase VII program is illustrated in Figure 2. A photo of the Titan Drilling
Company rig on CVZ-87 is shown in Figure 3.
Figure 2 – Current Phase VII drilling status.
Figure 3 – Titan Drilling’s core rig on CVZ-87.
“CVZ-87 saw prospective lithology virtually on surface at a depth of only 8 ft (2.4 m). This is but one of
the many reasons we are so invested in this Project. Not only is the ground itself accessible by car and the
terrain easily navigated, but we see long rich intervals nearly on surface of lithium-hosted clay. The Phase
VII program has been very successful to date and we look forward to sharing the forthcoming results with
our loyal shareholders” commented Sandy MacDougall, Executive Chairman and Director.
For additional information:
Contacts:
In Europe: VP Corporate Development [email protected] Elsewhere: Investor
Relations at [email protected]
Website: www.noramlithiumcorp.com
ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Founder and Executive Chairman
About Noram Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is focusing on
advancing its 100%-owned Zeus Lithium Project located in Clayton Valley, Nevada an emerging
lithium hub within the United States.
Qualified Person
The technical information contained in this news release has been reviewed and approved by Brad
Peek, M.Sc., CPG, who is a Qualified Person as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects, and also Vice President of Exploration for Noram.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Statement Regarding Forward Looking Information
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, plans for ongoing development of the Zeus Lithium Project. Factors that could cause actual results to differ
materially from such forward-looking information include, but are not limited to, regulatory approval processes, results of further exploration
work, and availability of capital on terms acceptable to the Company. 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.