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Noram Ventures Inc. (TSXV: NRM) has completed core hole CVZ-65 at a depth of 297 feet, confirming the presence of significant lithium mineralization. The hole intersected an interval of 270 ft with notable lithium concentrations, with values as high as 2,900 ppm. The Zeus Lithium Project in Clayton Valley, Nevada, has a resource estimate of 124 million tonnes at 1,136 ppm lithium indicated, and 77 million tonnes at 1,045 ppm inferred. The company's strategy aims to become a low-cost lithium supplier in North America, Europe, and Asia.
Noram Ventures Inc. has initiated its Phase V drill program, successfully drilling Hole #1 to a depth of 227ft (69m) yielding visual lithium clay samples. Assaying is underway with results expected soon. The program aims for a total of 1440 meters over 12 holes at 120m each to enhance resource classification from Inferred to Measured and Indicated. This upgrade is critical for mine planning and economic evaluation, potentially boosting shareholder value. An updated NI43-101 report will follow upon completion, highlighting strong resource economics.
Noram Ventures Inc. has received permits for Phase V drilling at the Zeus Lithium Project in Clayton Valley, Nevada. Following the successful Phase IV drill program, which increased resource estimates to 124 million tonnes at 1136 ppm lithium (Indicated) and 77 million tonnes at 1045 ppm lithium (Inferred), the company is set to expand mineralization. With drilling expected to continue 24/7, a new resource estimate is anticipated by the end of Q1 2021. The BLM has initially approved 7 holes, and reclamation efforts for the remaining 5 are underway.
Noram Ventures Inc. has launched initial chemical engineering studies at Ghent University to enhance lithium extraction from its Zeus lithium deposit in Clayton Valley, Nevada. The findings indicate that 100% of lithium in the claystone can be extracted using sulfuric acid, resulting in a lithium-rich solution. An impressive 97% pure lithium carbonate was achieved, with potential for further refinement. With market demand for battery-quality lithium expected to outstrip supply, this research positions Noram favorably in the growing electric vehicle market.
