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Noram Ventures Inc. has announced it is preparing an updated NI 43-101 compliant technical report that will include recent assay results and an expanded resource estimate for its Zeus Lithium Project in Nevada. This report aims to facilitate a Preliminary Economic Assessment by year-end. The project currently has 124 million tonnes of indicated lithium resources at 1136 ppm and 77 million tonnes of inferred resources at 1045 ppm. Additionally, CEO Tucker Barrie has stepped down at the Board's request.
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Noram Ventures Inc. (OTCQB: NRVTF) announces progress on its Phase 5 drill program, completing 8 of 12 planned holes at a depth of 500 ft. High-grade lithium claystone was encountered, indicating positive results for the upcoming resource estimate. The average lithium grade from recent drillings is 1116 ppm over a thickness of 71.1m. The company expects to add approximately 4 km² to its resources, fueled by rising global lithium prices and anticipated demand for lithium-ion batteries. An updated resource estimate and a Preliminary Economic Assessment is planned for 2021.
Noram Ventures Inc. has successfully completed drilling core hole CVZ-66 at a depth of 462 feet, significantly expanding its lithium resource at the Zeus Property in Clayton Valley. The drilling revealed an interval thickness of 220 feet with mineralization still present at depths of 500 feet. The company reports some of the deepest and thickest high-grade lithium intersections in the area, with consistent lithium grades across various claystone types. Current estimates show 124 million tonnes at 1136 ppm lithium as Indicated Resource and 77 million tonnes at 1045 ppm as Inferred Resource.
Noram Ventures Inc. announced the successful completion of core hole CVZ-64 at 422 feet depth, revealing mineralization from the surface. A significant interval of 250 feet was intersected, highlighting strong lithium presence. The company, focused on developing lithium deposits at its Zeus Lithium Project in Clayton Valley, Nevada, reports current Indicated Resources of 124 million tonnes at 1136 ppm lithium and Inferred Resources of 77 million tonnes at 1045 ppm lithium. Noram aims to establish itself as a low-cost lithium supplier in global markets.
Noram Ventures Inc. announced the completion of drill hole CVZ-67 at a depth of 502 ft (153 m), marking a key milestone as the deepest hole drilled to date revealing mineralization below 400 ft. The drill results showed approximately 281 ft (85.6 m) of favorable claystones, with significant lithium potential confirmed at depths. Drilling ended in blue claystone, previously noted for its lithium content. Samples have been sent for assays, with results anticipated to enhance resource modeling.
Noram Ventures Inc. has successfully mobilized its drill to the northernmost site, CVZ-63, reaching a depth of approximately 288ft. Mineralization was found from the surface to 92ft, with several clay types identified below. The company is awaiting final approval to expand drilling to 12 holes. Despite a significant decline in lithium prices since 2018, demand is expected to outstrip supply by 2025, fueled by growth in electric vehicle sales. Noram's drilling program has reportedly led to thick intersections of lithium-rich claystone, potentially increasing resource estimates significantly.
Noram Ventures Inc. has announced the completion of drill hole CVZ-62 at a depth of 477ft (145m), achieving a significant 380ft (116m) intersection of lithium claystone—marking the longest drill intersection to date. This data surpasses previous drilling results and will significantly impact future resource calculations. Geologists believe the mineral deposit is a blanket-like layer up to 300ft (100m) thick. The company aims to establish itself as a low-cost lithium supplier across North America, Europe, and Asia.
Noram Ventures Inc. (OTCQB: NRVTF) has resumed its drilling operations on the Zeus Project following the US Thanksgiving holiday, utilizing two drills and crews. The company is currently focused on completing 12 drill holes this month, with two already in progress. Notably, CVZ-61 revealed one of the longest lithium claystone intervals, prompting expedited sample processing. Noram's CFO, Anita Algie, emphasized the company's commitment to minimizing shareholder dilution while advancing lithium extraction in Clayton Valley. The firm is optimistic about its future performance and market position.
Noram Ventures Inc. has contracted Arethuse Geology to assist in completing an upgraded resource estimate and pit design for their lithium claystone deposit. Arethuse, known for its technical excellence, has a core team of experienced geoscientists. Noram's CEO, Tucker Barrie, emphasized the importance of accurate resource estimation for future economic assessments. The company aims to elevate its lithium deposit into Measured and Indicated resource categories, with a long-term strategy to develop low-cost lithium supplies for markets in Europe, North America, and Asia.