Noram Initiates Permitting FOR Fall Drill Program ON ZEUS Lithium Claystone Property, Clayton Valley, Nevada
TSX.V: NRM
Frankfurt: N7R
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FOR IMMEDIATE RELEASE
NORAM INITIATES PERMITTING FOR FALL DRILL PROGRAM ON ZEUS
LITHIUM CLAYSTONE PROPERTY, CLAYTON VALLEY, NEVADA
Vancouver, British Columbia – July 30, 2020 – Noram Ventures Inc. (“Noram”) (TSX - Venture:
NRM / Frankfurt: N7R / OTCPINK: NRVTF ) is preparing to permit with the Bureau of Land
Management (“BLM”) in Nevada for a Fall drill program on the Zeus lithium claystone property.
Noram plans on a two-stage drill program of 2500 meters in total, with 8-12 diamond drill holes in
the early Fall, and 8 -12 drill holes in late Fall. The deposit is within sub -horizontal claystones of
the Mid-Miocene to Mid-Pliocene Esmeralda Formation, which is present at surface or under a thin
alluvial cover. Previous drilling has outlined , at a 900 ppm lithium cut -off, 124 million tonnes at
1136 ppm lithium as indicated resources, and 77 million tonnes lithium at 1045 ppm lithium as
inferred resources (0.75 and 0.43 million tonnes lithium carbonate equivalent – “LCE” ,
respectively; see Noram press release February 5, 2020, and Peek and Barrie, 2019 /1/). There are
over two square kilometers of fertile ground yet to be drill-tested on the Zeus property.
Noram management believes that this drillin g will significantly expand the resource, as there is
evidence for claystone at or near surface everywhere on the property. C. Tucker Barrie, President
and CEO of Noram Ventures Inc., comments: “Drill testing the in thick, nearly horizontal strata of
the Esmeralda Formation will be a straightforward exercise. So far, our deposit is 60 - 120 meters
thick, and thickens to the east and south where much of the drilling will take place. In eastern
Clayton Valley, ther e are known listric normal faults that step down toward the west, and this
program should determine if these faults are significant on the property. Our drilling will allow us
to produce an updated resource calculation with Measured, Indicated and Inferred resources.
In addition, we are planning engineering and economic studies toward a Preliminary Economic
Assessment in 2020 (PEA). We will also contract out studies on: 1) mineral processing and
metallurgical testing; 2) pit design, schedule and mining, and 3) details about processing costs and
economics.
Regarding mineral processing, we aim to analyze pre -processing of the claysto ne material using
hydrocyclones to separate non-lithium bearing material (e.g., quartz and feldspar sand and gravel)
from the lithium-bearing clay minerals, as well as to conduct detailed testing with sulfuric acid at
low and high concentrations, and with variable temperature. We believe there are alternative
processes that may streamline the extraction and concentration of lithium once it is in a low pH
solution, and we aim to incorporate such studies into the PEA.”
Noram Ventures Inc.
Suite 2150 - 555 West Hastings Street, Vancouver, BC, Canada, V6B 4N6
Tel.: 604-553-2279 | Website: www.noramventures.com | email: [email protected]
/1/ Peek, B. C. and Barrie, C. T., 2019, NI 43-101 Technical Report - Updated Resource Estimate,
Zeus Projet, Clayton Valley, Esmeralda County, Nevada, USA, 70 p.
The technical information contained in this news release has been reviewed and approved by C.
Tucker Barrie, Ph.D., P. Geo. 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 / OTCPINK: NRVTF) is a Canadian
based junior exploration company, with a goal of develo ping lithium deposits and becoming a low
- cost supplier. The Company’s primary business focus since formation has been the exploration of
mineral projects. 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/ “C. Tucker Barrie, Ph.D., P. Geo.”
President and CEO
Office: (604) 553-2279
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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,
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