Noram Ventures (TSXV: NRM) this morning reported partial assays for hole CVZ-62, the second drill hole conducted as part of the firms ongoing drill program at its Zeus Lithium Project in the Clayton Valley of Nevada. The firm reported highlight values of 1049 ppm lithium over 27 metres from the results this morning.
The results come from partial data that was released this morning, with the second half of the hole not yet seeing assays completed. Figures reported this morning are as a result from the first 69 metres of the total 143 metres of drilling conducted within CVZ-62. The company previously reported that mineralization was expected from a depth of 22 metres through to a depth of 138 metres, with the hole expected to report the largest intersection to date.
The company did not provide overall mineralization figures for the length of the core that was assayed, however mineralization was noted from a depth of 3.96 metres, albeit in lesser quantities, through to the end of the core at 69.19 metres. Strong mineralization begins at depths of approximately 41.76 metres, with the highlighted intersection being from 41.76 metres through to 69.19 metres.
A timeline for the second half of assays from the hole was not provided, with laboratories being notably backed-up as a result of the ongoing pandemic. Full results from this mornings announcement can be found here.
Noram Ventures last traded at $0.46 on the TSX Venture.
FULL DISCLOSURE: Noram Ventures is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Noram Ventures on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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.