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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.
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.
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