Friday, May 30, 2025

Latest

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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Frontier Lithium To Raise $500,000 In Flow Through Financing

Frontier Lithium (TSXV: FL) this morning announced a non brokered private placement. The financing will...

Friday, October 23, 2020, 08:25:09 AM

Lithium Prices Rally To Three-Month High

Lithium prices are making significant gains today after a sustained plateau year-to-date. Battery grade lithium...

Wednesday, February 28, 2024, 11:04:00 AM

American Lithium Reduces Royalty, Increases Land Claims At Flagship Property

American Lithium (TSXV: LI) is bolstering its flagship project in Nevada, announcing this morning that...

Friday, July 10, 2020, 12:28:00 PM

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

Alpha Lithium To Conduct $10.0 Million Bought Deal Financing

Alpha Lithium Corp (TSXV: ALLI) this morning announced that it has entered an arrangement with...

Monday, January 25, 2021, 09:11:59 AM