Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) ("Noram" or the "Company") is pleased to announce it has engaged Star Point Enterprises, Inc. to manage and complete a water resources study on its lithium brine/clay project in Nevada’s Clayton Valley (see Figure1). The company continues to seek additional placer lithium brine/clay claims contiguous to its existing Clayton Valley land package.
The study will identify different water sources and delivery methods for exploration through full project development scenarios. The study will provide the Company with various options for future lease or acquisition of water resources based on volumes required and include detailed water rights and volumes, ownership and cost for lease or acquisition, and cost of infrastructure and delivery of the actual water to the project area. The study is expected to be completed by the end of June 2016.
Leading the the Star Point team will be Don Hamilton, a proven project coordinator in the natural resource extraction industry with over 16 year’s experience in permitting, environmental regulation, and environmental monitoring and compliance; and Michael Schern, a project manager with wide experience in the natural resource extraction industry with over 40 years of experience in permitting, water and property rights, environmental regulation and major project development.
Mark Ireton, President of Noram, said, “This water study will be instrumental in providing a path forward to secure water rights for exploration and development at our lithium brine/clay project. The study will will also provide important technical information to be included in our initial National Instrument (NI) 43-101 Technical and Preliminary Economic Assessment reports.”
Michael Collins, P.Geo., and independent Qualified Person as defined in NI 43-101, has reviewed and approved the technical content of this news release on behalf of the Company.
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 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. 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.
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