Noram Engages SGS Mineral Services to Initiate Metallurgical Testing on Jumbo Flake-Graphite Property in British Columbia
Results from the metallurgical testing will be used to further prioritize drill targets identified in the recently completed NI 43-101 Technical Report
Vancouver, British Columbia – April 30, 2013 – Noram Ventures Inc. (TSX-V: NRM) (“Noram” or the “Company”) is pleased to report that it has engaged SGS Mineral Services in Lakefield, Ontario (“SGS”) to initiate metallurgical testing on samples from the Jumbo Flake-Graphite Property (the “Property or “Jumbo”), located in the Central Kootenay Region of southeastern British Columbia (See: Figure 1).
The metallurgical work consists of a series of mechanical operations including crushing and grinding to liberate the graphite followed by rougher and cleaner flotation. The two initial samples sent to SGS are from the Big Flake and Black Fly areas of the Property. The Big Flake sample lies within the Property’s favourable graphite horizon, while the Black Fly sample is outside the horizon.
As previously reported, the Jumbo is a new flake-graphite discovery made in 2012 and there is no record of previous mineral exploration on the large >100 square kilometer (km) Property. Geological mapping and surface sampling carried out as follow up to a SkyTEM airborne electromagnetic (EM) survey identified an overall strike length of 35km of favourable graphite horizon. A sinuous conductive (EM anomaly) feature, with widths ranging from a few hundred meters to 2km, appears to be outlining a tightly folded sedimentary horizon (See Figure 8b). The work being carried out by SGS is in follow up to recommendations contained in the recently completed National Instrument 43-101 Technical Report filed under the Company’s profile on SEDAR, March 8, 2013. The Technical Report concluded that there is every indication that the Jumbo can host a significant resource of commercial grades of flake graphite. It further identified three specific areas of the Property as primary targets and analytical results from the metallurgical testing will be used to further prioritize specific targets for drill testing.
About the Jumbo Property
Noram has an option to earn a 100% interest in the Jumbo, which covers an area of 10,539 hectares and is located in the Slocan Mining Division ~15 km southwest of the town of Nakusp, BC on the west side of Upper Arrow Lake. Graphite is an industrial mineral, and ease of access and ease of extraction are equally important parameters as grade for determining the economic viability of a deposit. A network of logging roads crisscross the Property and a secondary road connects the property to BC Hwy 6, located 20km to the south. Power and water for any industrial endeavour are readily available. A labour force with mining experience is well established in most towns and cities throughout the Nakusp-Arrow Lakes region, which has a rich history of mining that dates back to the 1860s.
About SGS Mineral Services
SGS is the world’s leading inspection, verification, testing and certification company. With more than 75,000 employees, operating out of a network of more than 1,500 offices worldwide they are recognized as the global benchmark for quality and integrity. SGS’s Lakefield office is considered the best laboratory in Canada for graphite analysis.
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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