Noram Ventures Intersects 79 Metres Of 1130 PPM Lithium In First Hole At Zeus

Noram Ventures (TSXV: NRM) has finally received the first of its assays back from its ongoing drill program at the Zeus lithium project, located in the Clayton Valley of Nevada. Results released this morning are for hole CVZ-61, which the company previously revealed contained 91 metres of lithium claystone. Assays have indicated that 79 metres of that claystone intersection contained an average of 1130 ppm lithium.

The assays from CVZ-61 are consistent with mineralization found elsewhere on the property in terms of lithium content. The project currently contains a resource estimate of 124 million tonnes at 1136 ppm of indicated lithium resources, along with 77 million tonnes at 1045 ppm lithium of inferred resources following four phases of drilling, which is in-line with the lithium content reported in this mornings assay results.

The highlight value in terms of lithium content was hit at a depth of 44.8 metres through to 47.9 metres, where lithium was found at 1860 ppm, a signifcant figure. Full results from the drill hole can be found here.

“The completion of thick high-grade lithium claystone intersections such as CVZ-61 confirm our belief that the resource extends to the south beyond the currently defined resource area. These results will add substantially to the resource estimate and we anticipate the results for CVZ-62 and CVZ-63 to do the same.”

Brad Peek, consulting geologist for Noram’s drill programs

Noram Ventures last traded at $0.40 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.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Saskatchewan Welcomes First Lithium Extraction Project

The demand for lithium has been steadily increasing, with projections of 10% growth per year...

Thursday, June 4, 2020, 07:22:00 PM

Noram Ventures: A Review Of The Lithium Market

Noram Ventures (TSXV: NRM) this past week reviewed the global lithium market in terms of...

Sunday, July 26, 2020, 09:00:00 AM

Liontown Resources Reviewing Expansion Plans Amidst Falling Lithium Prices

Liontown Resources is currently evaluating its expansion strategy for the Kathleen Valley Lithium Project in...

Monday, January 22, 2024, 12:06:33 PM

Rising Lithium, Cobalt Prices Provide Valuation Support For Players In EV Battery Material Space

During Tesla’s January 27th earnings call with investors, CEO Elon Musk stated that the company...

Saturday, February 6, 2021, 08:30:00 AM

Noram Ventures Granted Permits For Additional Drilling At Zeus

Noram Ventures (TSXV: NRM) this morning announced that it has received approvals from the Bureau...

Thursday, December 17, 2020, 08:39:40 AM