NORAM HIRES HARRISON LAND SERVICES FOR DRILLING PROGRAM ON ITS LITHIUM BRINE/CLAY PROJECT IN NEVADA’S CLAYTON VALLEY
Noram is one of the largest direct holders of lithium claims in Nevada’s Clayton Valley with claim blocks lying north and southeast of Albemarles’ Silver Peak lithium brine operation
Vancouver, British Columbia – November 10, 2016 – Noram Ventures Inc. (TSX-V: NRM / Frankfurt: N7R / OTCBB: NRVTF) ("Noram" or the "Company") is pleased to report it has hired Harrison Land Services (“HLS”) to carryout an initial drilling program on its Clayton Valley Lithium Brine/Clay Project.
The drilling program will follow the recommendations set out in the recently completed National Instrument (“NI”) 43-101 Technical Report and focus on the Zeus, Zeus Extension and Hades portions of the South Block claim group (Figure 1). A total of 55 drill-hole targets have been selected for core drilling based on the results from three phases of surface and sub-surface sampling. Targets include 45 holes on the Zeus claims and five holes on the border of the Zeus Extension claims (Photo 1) to test areas that returned some of the highest sample values (up to 1,670 ppm lithium in ZS-2-019); and five holes on the Hades claims adjacent to the historical shaft (Photo 2), where lithium values over 1,000 ppm were sampled from the spoil pile. Drill holes are expected to range from 60 to 80 feet (18 – 24 meters) in depth.
The objective of the drilling program is to begin to quantify the volume and grade of the mineralization, and generate data for a resource estimate to move the project forward. In conjunction with the drilling, additional surface sampling will be undertaken to add to the body of project knowledge and help complete a resource estimate model.
Leading the drilling team will be Gavin Harrison, President of HLS, who has over a decade of mineral exploration experience; and Bradley Peek, MSc and Certified Professional Geologist, who has over 40 years of global experience within the exploration sector. All drill core samples will be sent to ALS in Reno, Nevada, for MS-ICP analysis.
Mark Ireton, President of Noram, said, “The analytical results from this initial drilling campaign will assist us greatly in determining the depth and breadth of the lithium-rich sediments that occur on our South Block claims.”
The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc and Certified Professional Geologist, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under NI 43-101.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM / Frankfurt: N7R / OTCBB: NRVTF) is a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits and becoming a low-cost supplier for the burgeoning lithium battery industry. The Company’s primary business focus since formation has been the exploration of mineral properties that include the Clayton Valley lithium project in Nevada, the Hector Lode lithium project in San Bernardino county, California and the Jumbo graphite project in southeastern British Columbia. Noram’s long term strategy is to build a multi-national lithium-graphite dominant industrial minerals company to produce and sell lithium and graphite into the markets of Europe, North America and Asia. For more information on the Clayton Valley Project please visit our web site for further information: www.noramventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Mark R. Ireton”
President & Director
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.
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