NORAM RE-MOBILIZES CREW TO COMPLETE 55-HOLE DRILLING PROGRAM IN NEVADA’S CLAYTON VALLEY
Sample assays from the main target area returned a maximum value of 1670 ppm lithium with an average value of 621 ppm lithium over 77 samples
Vancouver, British Columbia – January 4th, 2017 – Noram Ventures Inc. (TSX-Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) (“Noram” or the “Company”) is pleased to announce its wholly owned subsidiary Green Energy Resources (“Green Energy”) has re-mobilized its drilling contractor to complete the balance of the Phase I drilling program on its Clayton Valley, Nevada lithium clay property.
The Phase I core drilling program is focused on Noram’s South Block claims with some 50 holes being drilled in the main target area that measures approximately two and a half miles (4.1 km) by one and a half miles (2.4 km) on the Zeus claims and border of the Zeus Extension claims (Photo 1). And an additional five holes being drilled on the adjacent Hades claims around the historical shaft where lithium values over 1,000 ppm were sampled from the spoil pile (Photo 2). Analytical results from drill core samples will be incorporated into a National Instrument 43-101 resource estimate.
“We are delighted to kick off 2017 with the continuation of our Phase I drilling program in Clayton Valley,” said Mark Ireton, President and CEO of Noram. “We completed 20 holes prior to the holiday break and the drill crew commenced work today on the balance of the 55 hole program. We should be completed within the next 3 weeks, weather permitting.”
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 National Instrument 43-101.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX-Venture: 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. Current projects include lithium properties in the Clayton Valley of Nevada and the Hector Lode in San Bernardino County, California; and the Jumbo graphite property 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.
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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