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 releasing its proposed drill plan for the Zeus lithium claystone property, located in the Clayton Valley of Nevada. The plan consists of a total of twelve drill holes.

The fall 2020 drill program will look to expand the current resource that the company has for the property. The resource that exists for the property consists of a total of 2.5 square kilometres on the Zeus lithium property, which is estimated to host 0.75 million tonnes of LCE as indicated resources and 0.43 million tonnes LCE as inferred resources based on a 900 ppm cut-off. Exploration conducted this fall will cover an area in equal size as the company looks to expand the size of the area included within its current resource estimate.

Drilling locations are based on geological mapping of the property along with previous sampling conducted on the property. Claystone units are known to be present across the property, located either at the surface or under a thin veneer of alluvium.

“At Noram, we look forward to expanding our Zeus lithium claystone deposit with this Fall drill campaign. We see our neighbor Cypress Development with a new and expanded resource estimate for their claystone project next door, after posting a Pre-Feasibility Study earlier this year. We note that Pure Energy Minerals is advancing their lithium brine project immediately south of Albemarle’s Silver Peak brine property. Clayton Valley has a sixty-year long history of producing lithium for the chemical and ceramics industries and now for the lithium ion battery and electric vehicle industries. We believe these projects have potential to continue this history of lithium production.”

C. Tucker Barrie, President and CEO of Noram Ventures

Noram Ventures last traded at $0.20 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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Snow Lake Resources, A Prospective Lithium Miner, Completes IPO; No Cash Flow Likely Until 1Q 2024 at the Earliest

On November 18, Manitoba-based Snow Lake Resources Ltd. (NASDAQ: LITM) issued 3.2 million shares in...

Saturday, November 27, 2021, 09:00:00 AM

Xander Resources Discovers Lithium Geology On Val-d’Or Property

Xander Resources (TSXV: XND) has discovered the potential for lithium on its property. The company...

Tuesday, May 4, 2021, 09:15:25 AM

Spearmint Resources Encounters Claystone Over 171 Metres In First Drill Hole

Spearmint Resources (CSE: SPMT) continues to intersect lithium on its flagship McGee Lithium Project in...

Friday, January 21, 2022, 08:17:18 AM

Tesla Said To Lose Out On 58% Lithium Battery Discount Offered By CATL

Contemporary Amperex Technology Co., Limited (CATL), the world’s largest electric vehicle (EV) battery maker, is...

Monday, February 20, 2023, 09:00:00 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