Noram Ventures (TSXV: NRM) has seen drilling resume at its flagship Zeus property following the US Thanksgiving holiday. The resumption has also notably seen efforts increased to complete drilling by the end of the month, with a second drill rig now actively on site drilling.
At present, the original crew is in the process of completing hole CVZ-62, while the second crew has begun drilling on hole CVZ-63 at the property. The proposed 12 hole drill program is currently anticipated to be completed this month, with the company anticipating to receive final approval for the entire program from the Bureau of Land Management in “very short order.”
Finally, samples have been sent off from hole CVZ-61, which the company previously indicated has seen one of the longest lithium claystone intervals to date. Samples were sent for rushed analysis following favourable visual inspection of the core.
“Noram is exceptionally pleased with Phase V to date, the immense support of the market and our loyal shareholder base. We passionately believe in the value of the Zeus Project and have gone to exceptional lengths to protect this asset from unlawful actions and succeed despite challenging conditions. With the next significant milestones fully funded, we will aggressively move forward as a major player in Clayton Valley and in the future of lithium claystone extraction.”
Anita Algie, CFO and Director of Noram Ventures
Noram Ventures last traded at $0.47 on the TSX Venture.
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