Noram Ventures Announces Filing Updated Resource Estimate FOR Its ZEUS Lithium Project, Clayton Valley,
TSX.V: NRM
Frankfurt: N7R
OTCPINK: NRVTF
FOR IMMEDIATE RELEASE
NORAM VENTURES ANNOUNCES FILING UPDATED RESOURCE
ESTIMATE FOR ITS ZEUS LITHIUM PROJECT, CLAYTON VALLEY,
NEVADA, USA.
Vancouver, British Columbia – March 28, 2019 – Noram Ventures Inc. (“Noram ”) (TSX -
Venture: NRM / Frankfurt: N7R / OTCPINK: NRVTF has filed its recent NI 43-101 Technical
Report: “Updated Inferred Lithium Mineral Resouce Estimate, Zeus Project, Clayton
Valley, Esmeralda County, Nevada, USA” on its SEDAR Issuer Profile page.
The report incorporates the results of three phases of drilling from 2016 to 2018, including
sixty drill holes. The reported Inferred Mineral Resource estimate indicates zones with higher
lithium contents continue from the resource to the south and east and that the higher grade
parts of the deposit remain open at depth. Drilling only tested approximately one third of
the area covered by the Zeus claim block.
The model resource estimate has an Inferred Mineral Resource of approximately 330 million
metric tonnes at a grade of 858 ppm Li, or 1.5 million tonnes of lithium carbonate equivalent.
Sensitivity analyses for the modeled deposit are listed in Table 1.
Table 1 - Sensitivity analysis at various cutoff grades.
Cutoff Grade
Inferred
Resource @
300 ppm
Sensitivity
@ 600 ppm
Sensitivity
@ 900 ppm
Tonnes (1000s) 330,670 251,526 145,168
Grade (ppm) 858 984 1145
Contained Li
(kg) 283,796,297 247,569,218 166,238,452
The sensitivity analysis for a 900 ppm Li cutoff yields 145 million metric tonnes at a grade of 1145
ppm Li in a contiguous volume in the northwest part of the claim block.
Noram Ventures’ management is pleased with this resource estimate. The company looks forward
to upgrading and expanding th is resource with infill and step -out drill holes in 2019; and then
integrating the futu re drill data into a Preliminary Economic Assessment that will also address
lithium extraction methodology and mining-related economics. Initial leaching tests conducted in
2018 determined that the Zeus lithium clays are non-refractory and yield >80% of their lithium at
moderate temperatures and moderate amounts of sulfuric acid.
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]
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.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTC PINK: NRVTF) is a Canadian based
junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier.
The Company’s primary business focus since formation has be en 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, Noram Ventures Inc.
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 Ven ture 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 a nd 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 for ward-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 occu r 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.