Noram, Alba drills 1.22 m of 1,950 ppm Li at Clayton

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Noram Ventures Inc. (TSXV:NRM) (OTCBB:NRVTF:US) and Alba Minerals Ltd. have released the second batch of drill core sample results from the 46-hole phase I drilling program that focused on the Zeus portion of its Clayton Valley lithium project in Nevada. The Zeus claims are located within two kilometers (1.25 miles) of Albemarle’s Silver Peak Lithium Mine that has been in production since 1966 and is the only lithium-brine production operation in North America.

The second group of 10 holes reported herein consisted of 151.4 meters (497 feet) of core drilling with an average hole depth of 15.1 meters (49.5 feet) and core sampling done primarily on 1.22 meter (4-foot) intervals. Bradley C. Peek, MSc and Certified Professional Geologist supervised the collection of the cores and samples; and sample analysis was performed by ALS Labs (Reno, NV) on 126 samples from the 10 holes using a 4-acid digestion and MS-ICP methods for 48 elements.

Table 2 lists the samples, their intervals, their weights and their lithium analytical results. The core holes were vertical and the sedimentary units that were tested are horizontal or dipping at less than 5o, so the intervals sampled are true widths.

Hole    Sample Sample Wt.   From        To    From     To    Li 
ID        ID    (kg)         (ft)       (ft)    (m)    (m)    (ppm)
CVZ-10 289639   0.68           0        4      0.00    1.22  1160    
CVZ-10 289640   0.64           4        8      1.22    2.44  1320    
CVZ-10 289641   0.79           8        12     2.44    3.66  950     
CVZ-10 289642   0.79           12       16     3.66    4.88  940     
CVZ-10 289643   0.62           16       20     4.88    6.10  1280    
CVZ-10 289644   0.65           20       24     6.10    7.32  840     
CVZ-10 289645   0.63           24       28     7.32    8.53  1020    
CVZ-10 289646   0.64           28       32     8.53    9.75  1150    
CVZ-10 289647   0.47           32       35     9.75    10.67 1320    
CVZ-11 289672   0.46           0        4      0.00    1.22  830     
CVZ-11 289673   0.67           4        8      1.22    2.44  920     
CVZ-11 289674   0.89           8        12     2.44    3.66  1110    
CVZ-11 289675   0.82           12       16     3.66    4.88  1210    
CVZ-11 289676   0.95           16       20     4.88    6.10  1790    
CVZ-11 289677   0.78           20       24     6.10    7.32  1240    
CVZ-11 289678   0.39           24       28     7.32    8.53  1500    
CVZ-11 289679   1.08           28       32     8.53    9.75  1580    
CVZ-11 289680   0.82           32       36     9.75    10.97 1370    
CVZ-11 289681   0.53           36       40     10.97   12.19 1660    
CVZ-13 289660   0.21           0        4      0.00    1.22  1190    
CVZ-13 289661   0.54           4        8      1.22    2.44  1080    
CVZ-13 289662   0.5            8        12     2.44    3.66  1100    
CVZ-13 289663   0.52           12       16     3.66    4.88  1760    
CVZ-13 289664   0.89           16       20     4.88    6.10  1150    
CVZ-13 289665   0.55           20       24     6.10    7.32  840     
CVZ-13 289666   0.94           24       28     7.32    8.53  950     
CVZ-13 289667   1.09           28       32     8.53    9.75  920     
CVZ-13 289668   0.89           32       36     9.75    10.97 1140    
CVZ-13 289669   0.75           36       40     10.97   12.19 1120    
CVZ-13 289670   0.53           40       42     12.19   12.80 1230    
CVZ-14 289628   0.65           0        4      0.00    1.22  1950    
CVZ-14 289629   0.69           4        8      1.22    2.44  1100    
CVZ-14 289630   0.87           8        12     2.44    3.66  970     
CVZ-14 289631   1.06           12       16     3.66    4.88  1060    
CVZ-14 289632   0.98           16       20     4.88    6.10  1210    
CVZ-14 289633   0.82           20       24     6.10    7.32  1400    
CVZ-14 289634   1.2            24       28     7.32    8.53  1340    
CVZ-14 289635   0.96           28       32     8.53    9.75  1760    
CVZ-14 289636   1.03           32       36     9.75    10.97 1930    
CVZ-14 289637   1.07           36       40     10.97   12.19 1700    
CVZ-14 289638   0.93           40       44     12.19   13.41 1690    
CVZ-15 289649   0.6            0        4      0.00    1.22  1040    
CVZ-15 289650   0.96           4        8      1.22    2.44  780     
CVZ-15 289651   1.03           8        12     2.44    3.66  540     
CVZ-15 289652   0.87           12       16     3.66    4.88  780     
CVZ-15 289653   1.01           16       20     4.88    6.10  1120    
CVZ-15 289654   0.94           20       24     6.10    7.32  890     
CVZ-15 289655   0.72           24       28     7.32    8.53  870     
CVZ-15 289656   0.95           28       32     8.53    9.75  1130    
CVZ-15 289657   1              32       36     9.75    10.97 1050    
CVZ-15 289658   1.01           36       40     10.97   12.19 920     
CVZ-16 289711   0.56           4        8      1.22    2.44  900     
CVZ-16 289712   0.58           8        12     2.44    3.66  930     
CVZ-16 289713   0.76           12       16     3.66    4.88  1200    
CVZ-16 289714   0.74           16       20     4.88    6.10  950     
CVZ-16 289715   0.66           20       24     6.10    7.32  1220    
CVZ-16 289716   0.68           24       28     7.32    8.53  1720    
CVZ-16 289717   0.68           28       32     8.53    9.75  950     
CVZ-16 289718   0.68           32       36     9.75    10.97 1110    
CVZ-16 289719   0.66           36       40     10.97   12.19 920     
CVZ-16 289720   0.7            40       44     12.19   13.41 870     
CVZ-16 289721   0.62           44       48     13.41   14.63 920     
CVZ-16 289722   0.96           48       52     14.63   15.85 1010    
CVZ-16 289723   0.62           52       55     15.85   16.76 1230    
CVZ-17 289683   0.42           0        4      0.00    1.22  1090    
CVZ-17 289684   0.76           4        8      1.22    2.44  900     
CVZ-17 289685   0.56           8        12     2.44    3.66  880     
CVZ-17 289686   0.5            12       16     3.66    4.88  640     
CVZ-17 289687   0.49           16       20     4.88    6.10  880     
CVZ-17 289688   0.75           20       24     6.10    7.32  960     
CVZ-17 289689   0.77           24       28     7.32    8.53  920     
CVZ-17 289690   0.67           28       32     8.53    9.75  650     
CVZ-17 289691   0.89           32       36     9.75    10.97 730     
CVZ-17 289692   0.67           36       40     10.97   12.19 600     
CVZ-17 289693   0.77           40       44     12.19   13.41 630     
CVZ-17 289694   0.76           44       48     13.41   14.63 630     
CVZ-17 289695   0.9            48       52     14.63   15.85 750     
CVZ-18 289697   0.57           0        4      0.00    1.22  1130    
CVZ-18 289698   0.96           4        8      1.22    2.44  930     
CVZ-18 289699   0.96           8        12     2.44    3.66  1000    
CVZ-18 289700   0.94           12       16     3.66    4.88  1300    
CVZ-18 289701   0.76           16       20     4.88    6.10  750     
CVZ-18 289702   0.84           20       24     6.10    7.32  960     
CVZ-18 289703   0.68           24       28     7.32    8.53  1290    
CVZ-18 289704   0.78           28       32     8.53    9.75  1220    
CVZ-18 289705   0.6            32       36     9.75    10.97 1350    
CVZ-18 289706   0.66           36       40     10.97   12.19 1600    
CVZ-18 289707   0.6            40       44     12.19   13.41 1050    
CVZ-18 289708   0.66           44       48     13.41   14.63 960     
CVZ-18 289709   0.68           48       51     14.63   15.54 1060    
CVZ-19 293388   0.6            0        4      0.00    1.22  890     
CVZ-19 293389   0.7            4        8      1.22    2.44  1080    
CVZ-19 293390   0.7            8        12     2.44    3.66  840     
CVZ-19 293391   0.66           12       16     3.66    4.88  850     
CVZ-19 293392   0.68           16       20     4.88    6.10  860     
CVZ-19 293393   0.82           20       24     6.10    7.32  850     
CVZ-19 293394   0.96           24       28     7.32    8.53  1350    
CVZ-19 293395   0.84           28       32     8.53    9.75  1070    
CVZ-19 293396   1.04           32       36     9.75    10.97 1510    
CVZ-19 293397   0.98           36       40     10.97   12.19 990     
CVZ-19 293398   0.98           40       44     12.19   13.41 920     
CVZ-19 293399   0.86           44       48     13.41   14.63 730     
CVZ-19 293400   0.88           48       52     14.63   15.85 790     
CVZ-20 289775   0.14           0        4      0.00    1.22  1010    
CVZ-20 289776   0.1            4        8      1.22    2.44  425     
CVZ-20 289777   0.36           8        12     2.44    3.66  1230    
CVZ-20 289778   0.88           12       16     3.66    4.88  1020    
CVZ-20 289779   0.52           16       20     4.88    6.10  1030    
CVZ-20 289780   0.62           20       24     6.10    7.32  860     
CVZ-20 289781   0.7            24       28     7.32    8.53  820     
CVZ-20 289782   0.82           28       32     8.53    9.75  980     
CVZ-20 289783   0.8            32       36     9.75    10.97 1100    
CVZ-20 289784   0.64           36       40     10.97   12.19 840     
CVZ-20 289785   0.82           40       44     12.19   13.41 780     
CVZ-20 289786   0.76           44       48     13.41   14.63 810     
CVZ-20 289787   0.7            48       52     14.63   15.85 640     
CVZ-20 289788   0.78           52       56     15.85   17.07 700     
CVZ-20 289789   0.64           56       60     17.07   18.29 850     
CVZ-20 289790   0.74           60       64     18.29   19.51 660     
CVZ-20 289791   0.78           64       68     19.51   20.73 900     
CVZ-20 289792   0.64           68       72     20.73   21.95 950     
CVZ-20 289793   0.82           72       76     21.95   23.16 740     
CVZ-20 289794   0.94           76       80     23.16   24.38 650     
CVZ-20 289795   0.94           80       84     24.38   25.60 910     
CVZ-20 289796   0.82           84       88     25.60   26.82 490     
CVZ-20 289797   0.26           88       92     26.82   28.04 510     

Sample intervals were split by geologists at the drilling program staging area. Half of the core was retained in the core boxes for future review and/or sampling. The other half was securely sent to ALS Laboratories in Reno, Nevada, USA for testing. Core recovery for these second 10 core holes averaged 84.4%.

The lithium content of the 126 samples had an interval-weighted average of 1,040.5 ppm with a minimum value of 425 ppm and a maximum value of 1,950 ppm, both over 1.22m (4 ft) intersections. The samples had a median value of 975 ppm Li.

Laboratory standards with two different lithium ranges (1,237 ppm and 783 ppm) were inserted into the sample stream, along with lithium blanks and duplicate samples (9 QA/QC samples, in all, with these samples). The standards and blanks were obtained from MEG Labs of Reno, Nevada, USA. Duplicate samples were obtained by splitting the remaining half of the split core (1/4 of the original core). All analyses of the standards, blanks and duplicates were well within acceptable ranges.

” The lithium values continue to be amazingly consistent, both vertically and horizontally, across all 20 holes we have reported to date,” said Mark Ireton President and CEO of Noram . ” The median lithium value in the first and second batch of drill core samples also exceeds the average lithium value of the previously reported surface samples ( Dec 8 2016 ) by 64% and 57%, respectively.”

Sandy MacDougall said: “We are very please with the continued positive results and look forward to continuing with the next phase of exploration”

Analytical results from the remaining 26 drill holes of the Phase 1 drilling program are pending.

Noram is amassing one of the largest land packages in Nevada’s Clayton Valley. Its non-contiguous North and South Blocks now total 888 claims covering 17,738 acres and are positioned both north and south of Albemarle’s Silver Peak mine, North America’s only lithium producer.

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.

About Alba Minerals Ltd

Alba Minerals Ltd. Is a Vancouver based junior resource company with projects in North and South America, focusing on the development of our Lithium properties. Our Lithium Projects are located in Clayton Valley Nevada where 55 hole drilling program has commenced. Our second Lithium Project is in Salta Province , Argentina, adjacent to World -class lithium projects held by Lithium Americas and Orocobre in one of the world’s leading lithium producing regions.

Click here to connect with Noram Ventures Inc. (TSXV:NRM) (OTCBB:NRVTF:US) to receive an Investor Presentation.

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