Noram Ventures Granted Permits For Additional Drilling At Zeus
Noram Ventures (TSXV: NRM) this morning announced that it has received approvals from the Bureau of Land Management to expand its drill program by an additional 5 holes, bringing the total approved program to 12 holes. Furthermore, the company also saw the permitted depth of drilling expand from 400 feet to that of 500 feet, a result of successfully drilling the longest intersections to date on the property during the current drill program.
The company also announced this morning that it has completed drill hole CVZ-64, which was drilled to a total depth of 129 metres with claystone first intersected at just 7 metres, with claystone extending for a total length of 73 metres. The hole was drilled near the north eastern extent of the property, in a region previously untested by drilling.
Samples from drill holes CVZ-62 and CVZ-63 meanwhile have been sent for rushed analysis to ALS Global Laboratories in Vancouver, BC. It is believed that the cores for CVZ-64 are being prepped for analysis currently.
“Holes CVZ-63 and CVZ-64 were both drilled near the northeastern extent of the Zeus property. It is encouraging to note that both drill holes contain substantial thicknesses of the same claystones that were used to define the previously reported indicated and inferred lithium resource tonnages. Since the claystones are blanket-like lakebed sediments, these two drill holes establish that the claystones are present from the southwest to the northeast corners of the Zeus property, a distance of approximately 4 kilometers.”
Brad Peek, consulting geologist
Noram Ventures last traded at $0.46 on the TSX Venture.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
