Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R:GR) ("Noram" or the "Company") is pleased to announce that it has acquired, via staking, an additional 350 lithium brine/clay placer claims as a compliment to Noram' existing land package located in the heart of Nevada’s Clayton Valley lithium brine exploration area. This brings Noram’s land package to a total of 738 claims comprising 14,738 acres located both north and south of Albemarle’s Silver Peak mine, North America’s only lithium producer.
Noram’s President and CEO, Mark Ireton, stated “We are very pleased to have amassed one of the largest land packages in the Clayton Valley and coupled with our graphite project in British Columbia, we feel that Noram is positioned to be one of the most exciting Green Energy plays in North America.”
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The Clayton Valley Hades Block Expansion.
The Hades claim group is located southeast of the Silver Peak lithium mine operated by Albemarle Corp. and south of the northern claim groups of both Lithium X and Nevada Sunrise. The geology is again similar to that beneath the Spartan claims (Noram’s news release May 26th 2016) in that it consists of tan to green Tertiary age tuffaceous sediments. The units on the Zeus claims have been traced and are the same units exposed on Cypress Development’s & Matica’s ground. The sediments found on the Hades claims are primarily water laid tuffaceous units.
Historic and present drilling programs surrounding Noram’s Clayton Valley South Expansion Property suggest the potential for the discovery of lithium-bearing brines.
The technical information contained in this news release has been reviewed and approved by Michael Collins, P.Geo., who is a Qualified Person with respect to the Hades Claim Group Property as defined under NI 43-101.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) 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 projects that include the lithium projects in Clayton Valley in Nevada and the Jumbo graphite property in 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. Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Mark R. Ireton”
President & Director
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.