Friday, May 9, 2025

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

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

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

Australia’s Ioneer Secures $996 Million DOE Loan For Lithium Project In Nevada

Australian lithium company Ioneer (NASDAQ: IONR) has secured a US Department of Energy loan of...

Monday, January 20, 2025, 03:44:00 PM

Taiwanese Firm Shelves Trudeau-Endorsed $1B B.C. Lithium Battery Project

Plans for a $1 billion lithium-ion battery cell production facility in Maple Ridge, British Columbia,...

Saturday, December 7, 2024, 11:24:00 AM

Soldera Mining Closes On Acquisition Of Lithium Explorer And Green Energy Tech

Soldera Mining (CSE: SOLD) this morning closed on its acquisition of AmTek, a junior lithium...

Thursday, April 1, 2021, 08:39:40 AM

Lithium Prices Continue Unrelenting March Higher; Albemarle and Livent Expect Prices to Continue to Rise

The price of lithium, one of the most critical and indispensable elements in electric vehicle...

Sunday, February 20, 2022, 09:00:00 AM