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

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

Silver Is Rarer Than Gold, And the Market’s Waking Up | Shawn Khunkhun – Dolly Varden Silver

Gold Will Hit North of $4,000: Who’s Actually Producing? | Shane Williams – West Red Lake

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Related News

Noram Ventures Releases Locations of Fall 2020 Exploration Drill Targets

Noram Ventures (TSXV: NRM) updated the market this morning on its 2020 exploration program by...

Thursday, August 13, 2020, 09:52:11 AM

South American Countries Mulls “Lithium OPEC” As Prices Hit 13-Month Low

Argentina, Chile, Bolivia, and Brazil are considering forming a sort of lithium cartel to enhance...

Tuesday, March 7, 2023, 11:38:00 AM

Cypress Development Acquires Water Rights In Clayton Valley

Cypress Development Corp (TSXV: CYP) has entered into a binding letter of intent to acquire...

Monday, May 10, 2021, 07:53:14 AM

Sigma Lithium Secures Operating License For Grota do Cirilo, Production To Begin “Within Days”

Sigma Lithium (NASDAQ: SGML), a Canadian mineral developer, has secured a license in Brazil to...

Tuesday, April 11, 2023, 11:27:33 AM

Noram Ventures Sees 95% Lithium Recovery In Latest Leaching Tests

A further market update on the success of leaching tests was released by Noram Ventures...

Tuesday, January 26, 2021, 07:25:49 AM