Vancouver, British Columbia – December 1, 2020 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce that the Company will contract Arethuse Geology (“Arethuse”) of Aix-en-Provence, France (www.arethusegeology.com ), a seasoned geological and engineering firm known for it’s technical excellence, to assist in the completion of the upgraded resource estimate and pit design.
Figure 1 – Zeus Project area. Claystone gently dipping to the Northeast.
Arethuse Geology has a core team of 10 geoscientists with all level of experience and various specialties. They successfully combine technical excellence with practical exploration and engineering skills as well as an in-depth understanding of the mining industry, utilizing state of the art software for resource development. Arethuse is well-known for cost-effective and timely analysis and reporting, often under difficult circumstances in developing countries.
Rémi Bosc, Managing Director and Principal Geologist, has over 20 years of experience in the mining industry, specializing in gold and base metals. Remi has wide exposure to many exploration projects and resource estimates in both Africa and South-east Asia. Remi started his career as a BRGM geologist and was involved as project geologist in the discovery team of the Tasiast deposit, in west Mauritania. He recently conducted exploration projects in East Africa including Tanzania, Ivory Coast, Gabon, Mali, Malaysia, and advises corporate senior staffs on exploration strategy. His main specializations include resource estimation, mining exploration project management, and development of mining projects. Remi Bosc is also a Qualified Person as per the Canadian NI 43-101, and Competent Person as per Australian JORC.
Noram President and CEO Tucker Barrie notes that: “with their engineering team and software, and their experience with industrial minerals, Arethuse Consultants are the perfect group to conduct our next resource estimate. I’ve worked with Remi Bosc and his team on several projects and I’ve always been impressed by their high standards in every aspect of their business. Noram needs pit-constrained resources to elevate our lithium claystone deposit into Measured and Indicated resource categories for our Preliminary Economic Assessment in 2021. These resources can then be converted into reserves with further engineering and
Economic studies in the future.”
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier. The Company’s primary business focus since formation has been the exploration of mineral projects. Noram’s long term strategy is to build a multi-national lithium minerals company to produce and sell lithium into the markets of Europe, North America and Asia.
Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Anita Algie.”
Director and CFO
Office: (604) 553-2279
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.