Noram Provides Proposed Drill Plan ON Eastern Half of ZEUS Lithium Claystone Property, Clayton Valley, Nevada
TSX.V: NRM
Frankfurt: N7R
OTCPINK: NRVTF
FOR IMMEDIATE RELEASE
NORAM PROVIDES PROPOSED DRILL PLAN ON EASTERN HALF OF ZEUS
LITHIUM CLAYSTONE PROPERTY, CLAYTON VALLEY, NEVADA
Vancouver, British Columbia – August 13, 2020 – Noram Ventures Inc. (“Noram”) (TSX - Venture:
NRM / Frankfurt: N7R / OTCPINK: NRVTF) is pleased to provide the locations of provisional drill
holes for a Fall drill program on the Zeus lithium claystone property.
The Fall drill program is designed to significantly expand the current resource size. From
reconnaissance geological mapping and sampling, the favorable Esmeralda Formation claystone
units are known to be present across the property, either at surface or under a thin veneer of alluvium.
The current resource (>900 ppm cut -off) has a footprint of ~2.5 square kilometers, and the current
drill program covers an additional ~2.5 square kilometers (see figure 1).
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]
Figure 1. Proposed drill hole locations for Fall drilling on eastern half of Zeus lithium property, Clayton
Valley, Nevada. Albemarle’s Silver Peak lithium evaporation ponds are immediately to the northwest, and
Cypress Development’s Dean lithium claystone deposit lies to the southwest. The footprint of the proposed
drill holes is nearly equal to that of the current resource s (0.75 million tonnes LCE as indicated resources,
and 0.43 million tonnes LCE as inferred resources: see 2020-02-05 Noram Ventures news release).
Noram’s management is encouraged by the increased level of lithium exploration and development
in Clayton Valley in 2020 . President C. Tucker Barrie comments: “At Noram, we look forward to
expanding our Zeus lithium claystone deposit with this Fall drill campaign. W e see our neighbor
Cypress Development with a new and expanded resource estimate for their claystone project next
door, after posting a Pre -Feasibility Study earlier this year . We note that Pure Energy Minerals is
advancing their lithium brine project immediately south of Albemarle’s Silver Peak brine property.
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]
Clayton Valley has a sixty -year long history of pr oducing lithium for the chemical and ceramics
industries and now for the lithium ion battery and electric vehicle industries. W e believe these
projects have potential to continue this history of lithium production.”
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
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. 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, the completion transactions completed in the Agreement. Factors that could
cause actual results to differ mat erially from such forward -looking information include, but are not limited to, regulatory approval processes.
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.