Noram Releases Drill Results from the Deepening of 9 Core Holes Within Their Clayton Valley Resource Area and Corporate Update ON Litigation Status
FOR IMMEDIATE RELEASE
NORAM RELEASES DRILL RESULTS FROM THE DEEPENING OF 9
CORE HOLES WITHIN THEIR CLAYTON VALLEY RESOURCE AREA
AND CORPORATE UPDATE ON LITIGATION STATUS
Vancouver, British Columbia – August 13, 2018 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM
/ Frankfurt: N7R / OTCBB: NRVTF is pleased to report on the results from the Phase II drill program on
the Zeus Property in Clayton Valley, Nevada, and to provide an update on the litigation of claim status.
Phase II Drill Results, Zeus Property, Clayton Valley, Nevada
The recent drill program comprises new core from deepening 9 core drill holes within the area of Noram’s
previously announced NI 43-101 compliant inferred resource of 17 million tonnes at a grade of 1060 ppm lithium
(which equates to 96,476 metric tonnes of LCE). The complete NI 43-101 Technical Report is available on
SEDAR and on the Company’s web site at www.noramventures.com.
The previous drilling on which the inferred resource was based reached an average depth of 14.3 meters. The 9
holes that were deepened have an average depth of 82.2 meters, which is 5.75 times the previous average depth
used in the resource estimate
Data from the recent Noram drilling are summarized in the Table 1. The mineralization remains open in all
directions and at depth. The area of the deeper drilling has tested less than 1% of the area covered by Noram’s
extensive claim holdings of 12,920 acres (5,229 hectares). Additional drilling and an updated NI 43-101 compliant
resource estimate are in the planning stages and will reflect the knowledge gained in the Phase I and II drilling
programs.
TABLE 1 - NORAM VENTURES INC.
CLAYTON VALLEY DRILLING PROJECT
SUMMARY OF DRILL HOLES DEEPENED IN 2018
Drilling Interval Interval Weighted
Campaign From To Length From To Length Average Li
Core Hole (years) (ft) (ft) (ft) (m) (m) (m) (ppm)
CVZ-05 2016-2017 0 44 44 0.0 13.4 13.4 1199
CVZ-05 2018 44 202 158 13.4 61.6 48.2 875
CVZ-05 Entire Hole 0 202 202 0.0 61.6 61.6 945
CVZ-06 2016-2017 0 37 37 0.0 11.3 11.3 1247
CVZ-06 2018 37 302 265 11.3 92.0 80.8 975
CVZ-06 Entire Hole 0 302 302 0.0 92.0 92.0 1008
CVZ-08 2016-2017 0 46 46 0.0 14.0 14.0 1006
CVZ-08 2018 46 206 160 14.0 62.8 48.8 902
CVZ-08 Entire Hole 0 206 206 0.0 62.8 62.8 925
CVZ-15 2016-2017 0 40 40 0.0 12.2 12.2 912
CVZ-15 2018 40 300 260 12.2 91.4 79.2 1009
TSX.V: NRM
Frankfurt: N7R
OTCBB: NRVTF
CVZ-15 Entire Hole 0 300 300 0.0 91.4 91.4 996
CVZ-16 2016-2017 0 55 55 0.0 16.8 16.8 991
CVZ-16 2018 55 302 247 16.8 92.0 75.3 1013
CVZ-16 Entire Hole 0 302 302 0.0 92.0 92.0 1009
CVZ-17 2016-2017 0 52 52 0.0 15.8 15.8 789
CVZ-17 2018 52 287 235 15.8 87.5 71.6 524
CVZ-17 Entire Hole 0 287 287 0.0 87.5 87.5 572
CVZ-18 2016-2017 0 51 51 0.0 15.5 15.5 1124
CVZ-18 2018 51 302 251 15.5 92.0 76.5 649
CVZ-18 Entire Hole 0 302 302 0.0 92.0 92.0 729
CVZ-22 2016-2017 0 40 40 0.0 12.2 12.2 1219
CVZ-22 2018 40 297 257 12.2 90.5 78.3 785
CVZ-22 Entire Hole 0 297 297 0.0 90.5 90.5 844
CVZ-30 2016-2017 0 50 50 0.0 15.2 15.2 766
CVZ-30 2018 50 228 178 15.2 69.5 54.3 683
CVZ-30 Entire Hole 0 228 228 0.0 69.5 69.5 701
The technical information contained in this news release has been reviewed and approved by Bradley C. Peek,
MSc and Certified Professional Geologist who is a Qualified Person with respect to Noram’s Clayton Valley
Lithium Project as defined under National Instrument 43-101.
Initial Studies on Lithium Recovery using Mild Acid Leaching
In 2017, Noram considered high pressure dissolution techniques promoted by MDS Lithium LLC for the recovery
of lithium and other products. Because these techniques require a significant Capex and Opex and are yet to be
declared commercially viable, Noram is now considering low temperature and low to moderate acid leaching to
recover lithium. Initial testing by Actlabs (Activation Laboratories Ltd., Ancaster Ontario) has demonstrated an
80 – 85% lithium recovery using 2 molar H2SO4 leach solution at 80o Celsius. Further acid leach testing and initial
studies on membrane filtration and ion filtration are underway to optimize lithium recovery in a cost-effective
process.
Clayton Valley Properties Claim Status
Further to the news release dated June 11, 2018, the Company continues to pursue matters relevant to the Notice
of Claim (the “Notice”) filed on June 7, 2018. These matters include, but are not limited to the following:
1) the trespassing onto the Company’s Clayton Valley Claims (the “GER Claims” or the “Claims”) and the
purported location of unpatented lode claims over most, if not all, of the Company’s claims. The claims
were not located in good faith or in compliance with applicable laws;
2) damages resulting from the trespass and interference with the Company’s business and business
opportunities; and
3) wrongful and tortious slander of the Company’s title to the Property and irreparable harm should this
conduct not be enjoined.
The Company is seeking relief that the Claims are valid subsisting unpatented mining claims and that the
Company is entitled to exclusive possession, occupancy and use of the Claims and the public lands appropriated
by Noram, as well as to any valuable minerals and mineral deposits contained in, on or under the Claims, subject
to the paramount title of the United States. Furthermore, the Company is seeking relief that the Centrestone Claims
are declared null and void, that Centrestone has no right, title, claim or interest in the Claims, the public lands
appropriated by them or any valuable minerals or mineral deposits contained in, on or under the Claims. Lastly
Noram is seeking a monetary judgement against Centrestone, including but not limited to: trespass damages,
damages related to the unlawful appropriation, actual damages, punitive damages, special and statutory damages.
Since filing the Notice, the Company has received from Centrestone a response which denies the allegations
material to the Notice. Additionally, the Company was provided with a Counterclaim (the “Counterclaim”) which
purports that Centrestone has rightful title to the Claims and that Noram trespassed on their claims and improperly
located the claims comprising the Clayton Valley property.
Noram intends to do what’s in its power to expedite the process, advance these matters and protect the Company’s
interests. Noram will provide additional information to Shareholders as soon as available.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) is a Canadian based junior
exploration company, with a goal of becoming a force in the Green Energy Revolution through the development
of lithium deposits and becoming a low - cost supplier for the burgeoning lithium battery industry. 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.
For further information, please visit: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark R. Ireton”
President & Director
Direct: (604) 761-9994
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 materially 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.