Noram Completes Technical Report on Jumbo & Kokanee Properties
Report includes recommendations for the next phase of exploration
Vancouver, British Columbia – March 11, 2013 – Noram Ventures Inc. (TSX-V: NRM) (“Noram” or the “Company”) is pleased to report the completion of a National Instrument (NI) 43-101 Technical Report on the Jumbo and Kokanee flake-graphite properties, located in the Central Kootenay Region of southeastern British Columbia (See: Figure 1).
Highlights of the Technical Report include:
The Kokanee Property
The 2012 drill testing of the Kokanee property (the “Kokanee”) for a graphite resource established the down-dip depth of graphitic mineralization to be 100 to 150 meters (m) and the strike length of the graphite horizon to be 1,200m.
Using a cut-off of 1% graphite the area drilled shows a potential of 15,000,000 to 22,500,000 tonnes grading 1.65 to 1.80% graphite. It must be cautioned that: the potential tonnage and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource; it is uncertain if further exploration will result in discovery of a mineral resource; and a 1% cut-off was selected for the resource estimate based on the current value of flake graphite.
Additionally, there is potential to add resource along strike approximately 500m to the north and a minimum of 300m to the southwest of the area drilled. The Zone is also open down-dip.
See Figure 8a (right) for a plan view of the potential resource area showing the location of the 2012 drill hole collars and the eight proposed drill holes that are recommended to classify this area of the Kokanee as a NI 43-101 mineral resource.
The Jumbo Property
There is no record of mineral exploration on the large, 10,539 hectare (>100 square kilometer) Jumbo property (the “Jumbo”), however, drill testing for a potential graphite resource is recommended based on the results of exploration work completed by the Company in 2012.
Geological mapping and surface sampling carried out as follow up to a SkyTEM airborne electromagnetic (EM) survey identified an overall strike length of 35 kilometers (km) of favourable graphite horizon. A sinuous conductive (EM anomaly) feature from a few hundred meters to 2km wide appears to be outlining a tightly folded sedimentary horizon.
Rock chip samples collected on the Jumbo indicate grades ranging from 0.5% to 7.3% graphite.
There is every indication that the Jumbo can host a significant resource of commercial grades of flake graphite. Three specific areas have been identified as primary targets and sufficient work has been done to select 16 targets for initial drill testing in two phases.
See Figure 8b (lower right) for a plan view of the Jumbo showing the favourable graphite horizon, the primary target areas and the proposed phase I & II drill holes that are recommended.
John R. Kerr, P.Eng. and Qualified Person as defined in NI 43-101, has reviewed and approved the technical content of this news release on behalf of the Company. The NI 43-101 Technical Report referred to in this release is now available under the Company’s profile on SEDAR.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM) is a Canadian based mineral exploration company with a project generator business model. The Company’s strategy is to identify and acquire early-stage properties that offer large-scale resource potential, and create value through the initial drilling and discovery phase. Noram’s current focus is on three properties in the Central Kootenay region of Southeastern British Columbia: the Jumbo Flake-Graphite Property, the Kokanee Flake-Graphite Property and the Silver Hill Molybdenum-Galena property.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “David W. Rees”
President & Director
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding exploration work on the properties and the completion of the Offering. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company’s property interests, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, and (7) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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