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    graphene investing

    Drill Results Deliver Highest Lithium Values to Date from Noram and Alba’s Clayton Valley Project

    Haley Stavert
    Feb. 15, 2017 10:10AM PST
    Emerging Technology
    Graphene Investing

    Noram Ventures Inc. (TSX-Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) (“Noram” or the “Company”) and Alba Minerals Ltd. (“Alba”) (TSX-V: AA.H AXVEF:US) are pleased to announce the initial sample results from the first 10 holes of the 46-hole Phase I core drilling program that focused on the Zeus portion of its Clayton Valley Lithium Project in Nevada (see Figure 1). 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.

    Noram Ventures Inc. (TSXV:NRM) (OTCBB:NRVTF:US) and Alba Minerals Ltd. (“Alba”) (TSX-V: AA.H AXVEF:US) are pleased to announce the initial sample results from the first 10 holes of the 46-hole Phase I core drilling program that focused on the Zeus portion of its Clayton Valley Lithium Project in Nevada (see Figure 1). 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 10 holes consisted of 139.3 meters (457 feet) of core drilling with an average hole depth of 13.9 meters (45.7 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 116 samples from the 10 holes using a 4-acid digestion and MS-ICP methods for 48 elements.
    Table 1 lists each drill hole’s location (NAD 83, Zone 11S), elevation and depth – all in meters.  All holes were vertical.  All core size was BQ.
    Table 1 – Drill Hole Location Information
     
    Hole IDUTM EastingUTM NorthingApprox. Elev.DepthDip
    CVZ-01455519.54180579.71369.615.1-90
    CVZ-02455574.94180542.21353.714.6-90
    CVZ-03455583.54180419.21357.414.5-90
    CVZ-04455652.14180441.41357.914.0-90
    CVZ-05455624.44180375.41360.813.4-90
    CVZ-06455840.14180350.41362.511.0-90
    CVZ-07455608.84180596.21356.314.6-90
    CVZ-08455684.34180599.51357.014.5-90
    CVZ-09456084.34180778.61369.315.2-90
    CVZ-12456147.24180742.41371.412.2-90
    Drill holes CVZ-01 through CVZ-08 are located in an area measuring approximately 366 meters (1,200 feet) by 213 meters (700 feet ). The other two holes, CVZ-09 and CVZ-12 are located approximately 366 meters (1,200 feet) northeast of the main drill-hole grouping (see Figure 2). Lithium values were found to be very consistent across both groupings.

     
    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 IDSample IDSample Wt. (kg)From
    (ft)
    To
    (ft)
    From
    (m)
    To
    (m)
    Li
    (ppm)
    CVZ-012895010.76040.001.221010
    CVZ-012895020.4481.222.441010
    CVZ-012895030.588122.443.661050
    CVZ-012895040.812163.664.881120
    CVZ-012895050.716204.886.10840
    CVZ-012895060.8220246.107.32940
    CVZ-012895070.6624287.328.53790
    CVZ-012895080.7228328.539.75750
    CVZ-012895090.732369.7510.97760
    CVZ-012895100.72364010.9712.191010
    CVZ-012895110.76404412.1913.41710
    CVZ-012895120.76444813.4114.63910
    CVZ-012895140.364849.514.6315.09990
    CVZ-022895150.42040.001.22940
    CVZ-022895160.96481.222.441410
    CVZ-022895170.768122.443.661000
    CVZ-022895180.8612163.664.881060
    CVZ-022895190.916204.886.10770
    CVZ-022895200.7220246.107.32920
    CVZ-022895210.5624287.328.531140
    CVZ-022895220.428328.539.751090
    CVZ-022895230.6232369.7510.97850
    CVZ-022895250.72364010.9712.19920
    CVZ-022895260.8404412.1913.41780
    CVZ-022895270.62444813.4114.63720
    CVZ-032895510.34040.001.221630
    CVZ-032895520.9481.222.441190
    CVZ-032895530.868122.443.661100
    CVZ-032895540.9212163.664.881330
    CVZ-032895550.816204.886.10810
    CVZ-032895560.8220246.107.32910
    CVZ-032895570.8624287.328.531300
    CVZ-032895580.4828328.539.751220
    CVZ-032895590.732369.7510.971200
    CVZ-032895600.86364010.9712.191280
    CVZ-032895610.92404412.1913.41950
    CVZ-032895620.644447.513.4114.481050
    CVZ-042895630.94040.001.221850
    CVZ-042895640.6481.222.441200
    CVZ-042895650.848122.443.661050
    CVZ-042895660.7212163.664.881160
    CVZ-042895670.7216204.886.10880
    CVZ-042895680.6620246.107.321090
    CVZ-042895690.6824287.328.531290
    CVZ-042895700.8628328.539.75670
    CVZ-042895710.9432369.7510.97920
    CVZ-042895720.76364010.9712.19860
    CVZ-042895730.84404412.1913.411010
    CVZ-042895740.26444613.4114.021100
    CVZ-052895760.3040.001.221530
    CVZ-052895770.8481.222.441610
    CVZ-052895780.728122.443.661500
    CVZ-052895790.712163.664.881630
    CVZ-052895800.7616204.886.101110
    CVZ-052895810.8820246.107.321000
    CVZ-052895820.7424287.328.53900
    CVZ-052895830.3828328.539.75930
    CVZ-052895840.7432369.7510.971240
    CVZ-052895850.8364010.9712.19880
    CVZ-052895860.84404412.1913.41860
    CVZ-062895430.72040.001.221400
    CVZ-062895440.9481.222.44990
    CVZ-062895450.728122.443.66980
    CVZ-062895461.0212163.664.881400
    CVZ-062895470.7616204.886.102320
    CVZ-062895480.9420246.107.321290
    CVZ-062895491.324287.328.53940
    CVZ-062895501.7428328.539.751040
    CVZ-062896011.223236.259.7511.05940
    CVZ-072896310.54040.001.221050
    CVZ-072896320.76481.222.441130
    CVZ-072896330.98122.443.661280
    CVZ-072896340.8212163.664.88970
    CVZ-072896350.9416204.886.10970
    CVZ-072896360.9220246.107.32750
    CVZ-072896370.8424287.328.531010
    CVZ-072896381.1228328.539.75990
    CVZ-072896390.5832369.7510.97900
    CVZ-072896400.84364010.9712.19940
    CVZ-072896410.42404412.1913.41810
    CVZ-072896420.74444813.4114.63690
    CVZ-082895880.42040.001.221020
    CVZ-082895890.68481.222.441080
    CVZ-082895900.568122.443.661010
    CVZ-082895910.4812163.664.881130
    CVZ-082895920.5616204.886.101340
    CVZ-082895930.9420246.107.321150
    CVZ-082895940.9224287.328.53980
    CVZ-082895950.8828328.539.75870
    CVZ-082895960.532369.7510.97600
    CVZ-082895970.8364010.9712.19890
    CVZ-082895981404412.1913.411070
    CVZ-082895990.8444813.4114.63850
    CVZ-092896030.52040.001.221020
    CVZ-092896040.74481.222.44980
    CVZ-092896050.728122.443.661180
    CVZ-092896060.812163.664.881260
    CVZ-092896070.6616204.886.101630
    CVZ-092896080.5420246.107.32930
    CVZ-092896090.5424287.328.531220
    CVZ-092896100.7228328.539.751460
    CVZ-092896110.732369.7510.971800
    CVZ-092896120.76364010.9712.191590
    CVZ-092896130.3404412.1913.411320
    CVZ-092896140.36444813.4114.631210
    CVZ-092896150.38485014.6315.241050
    CVZ-122896170.66040.001.221060
    CVZ-122896180.52481.222.441110
    CVZ-122896190.248122.443.661010
    CVZ-122896200.2212163.664.88920
    CVZ-122896210.9216204.886.10980
    CVZ-122896221.2820246.107.321780
    CVZ-122896230.9824287.328.531050
    CVZ-122896241.0428328.539.75860
    CVZ-122896251.1232369.7510.971070
    CVZ-122896261.08364010.9712.191030
    Samples 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 first 10 core holes averaged 79.5%.

    The lithium content of the 116 samples had an interval-weighted average of 1,087.1 ppm with a minimum value of 600 ppm and a maximum value of 2,320 ppm, both over 1.22m (4 ft) intersections. The samples had a median value of 1020 ppm Li.  These results are well above those seen in the 73 surface samples collected from the drilling area and analyzed during exploration work in 2016 and indicate that some leaching of the lithium has occurred at surface.
    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 (8 QA/QC samples, in all, with this sample batch).  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.
    “These initial results are better than expected and it is rare to see drill core sample values that exceed the best of previously reported surface-sampling results (Dec 8 2016). The amazing consistency of the lithium values, both vertically and horizontally, across the initial 10 holes is also very encouraging,” said Mark Ireton President and CEO.
    Analytical results from the remaining 36 drill holes from 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.
    Click here to connect with Noram Ventures Inc. (TSXV:NRM) (OTCBB:NRVTF:US) to receive an Investor Presentation.

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