Noram Receives Results for CVZ-64: High of 1860 ppm Intersection of 250ft (76.2m) Averaging 1077 ppm of Lithium

Rhea-AI Summary

Noram Ventures Inc. announced the successful completion of core hole CVZ-64 at 422 feet depth, revealing mineralization from the surface. A significant interval of 250 feet was intersected, highlighting strong lithium presence. The company, focused on developing lithium deposits at its Zeus Lithium Project in Clayton Valley, Nevada, reports current Indicated Resources of 124 million tonnes at 1136 ppm lithium and Inferred Resources of 77 million tonnes at 1045 ppm lithium. Noram aims to establish itself as a low-cost lithium supplier in global markets.

Positive

• Successful completion of core hole CVZ-64, confirming mineralization from surface.
• Significant lithium intervals discovered, enhancing resource estimates.
• Current Indicated Resources of 124 million tonnes at 1136 ppm lithium.
• Inferred Resources of 77 million tonnes at 1045 ppm lithium.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Noram Ventures Inc. ("Noram" or the "Company") (TSXV:NRM)(Frankfurt:N7R)(OTCQB:NRVTF) is pleased to announce the successful completion of CVZ-64. The Company completed core hole CVZ-64 at a depth of 422 feet (128.6 m) and was pleased to note that this is yet another hole in which mineralization essentially began at surface. An interval of 250 ft (76.2 m) was intersected from 22 ft (6.7 m) to 272 ft (82.9 m).

Figure 1a) Strip Log of CVZ-64 outlining the various claystone types encountered at depth from the surface to 422 ft (128.6 m) b) Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill sites completed or in progress (seen in green) to date for the Phase V 2020 program. Proposed drill sites not yet explored indicated in white.

Sample No.	From (ft)	To (ft)	Depth to Top (m)	Depth to Base (m)	Li (ppm)
1710229	22	32	6.7	9.8	940
1710230	32	42	9.8	12.8	480
1710231	42	52	12.8	15.8	880
1710232	52	62	15.8	18.9	860
1710233	62	72	18.9	21.9	730
1710240	72	82	21.9	25.0	1770
1710241	82	92	25.0	28.0	1010
1710242	92	102	28.0	31.1	1430
1710243	102	112	31.1	34.1	1740
1710244	112	122	34.1	37.2	1860
1710245	122	132	37.2	40.2	1260
1710246	132	142	40.2	43.3	900
1710247	142	152	43.3	46.3	1130
1710248	152	162	46.3	49.4	1090
1710249	162	172	49.4	52.4	1620
1710250	172	182	52.4	55.5	1150
1710251	182	192	55.5	58.5	900
1710252	192	202	58.5	61.6	970
1710253	202	212	61.6	64.6	1000
1710255	212	222	64.6	67.7	890
1710256	222	232	67.7	70.7	870
1710257	232	242	70.7	73.8	730
1710258	242	252	73.8	76.8	620
1710259	252	262	76.8	79.9	1230
1710260	262	272	79.9	82.9	870
1710261	272	282	82.9	86.0	690
1710262	282	292	86.0	89.0	730
1710263	292	302	89.0	92.0	580
1710264	302	312	92.0	95.1	550
1710265	312	322	95.1	98.1	670
1710266	322	332	98.1	101.2	640
1710267	332	342	101.2	104.2	710
1710268	342	352	104.2	107.3	650
1710269	352	362	107.3	110.3	490
1710270	362	372	110.3	113.4	450
1710271	372	382	113.4	116.4	490
1710272	382	392	116.4	119.5	610
1710273	392	402	119.5	122.5	396
1710274	402	412	122.5	125.6	429
1710275	412	422	125.6	128.6	377

Table 1 - Summary of sample results from CVZ-64 from surface to depth of 422 ft.

The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, 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 / 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 is the Zeus Lithium Project ("Zeus") in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resource, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent - "LCE."

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) accept 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.

SOURCE: Noram Ventures Inc.

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FAQ

What are the results of CVZ-64 for Noram Ventures Inc.?

Core hole CVZ-64 revealed significant lithium mineralization from the surface, with a 250-foot interval of lithium presence.

What is the lithium resource estimate for Noram Ventures' Zeus Project?

The Zeus Project has an Indicated Resource of 124 million tonnes at 1136 ppm lithium and an Inferred Resource of 77 million tonnes at 1045 ppm.

What is Noram Ventures Inc.'s goal regarding lithium production?

Noram aims to develop lithium deposits and become a low-cost supplier for markets in Europe, North America, and Asia.

What does the successful completion of CVZ-64 mean for investors?

The successful drilling provides confidence in the resource potential and future profitability of Noram Ventures Inc.