Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-Venture: NRM and Frankfurt: N7R) (“Noram” or the “Company”) is pleased to report a number of sample splits from the Phase I and II Clayton Valley Sampling Programs will be re-assayed at ALS Chemex, in Reno and analyzed for mineral composition by X Ray Diffraction (XRD) and for solubility by dilute acid bench scale tests.
The sample splits will be re-assayed at ALS Chemex utilizing both a deionized water and Aqua Regia leaching process in order to provide additional data on the potential viability of large-scale leaching of lithium from the mineralized claystones. Additional mineralogical and metallurgical studies are also being conducted in an advancing effort to develop a low cost lithium extraction method for the strongly mineralized outcropping calcareous evaporates (claystones) on the property.
The focus of these tests is to substantiate the potential of producing lithium directly from the mineralized claystones with a low cost and environmentally sensitive approach, and thereby reducing the need for roasting or other costly, complex processes.
Once the ongoing geological mapping and surface sampling phases have been completed, shallow core drilling (60–80 feet or 18–24 meters) has been recommended to provide a more in-depth understanding of the geology, lithium grades and thicknesses. Drill collar locations and the numbers of holes will be determined by the sampling and geological phases of the project.
“We expect the results of the leach re-assaying will add significantly to our knowledge base on the most effective method of recovery and help develop a conceptual model for further development of the companies’ lithium claystone assets”, said Noram’s President, Mark Ireton.
The technical information contained in this news release has been reviewed and approved by Michael Collins, PGeo, who is a Qualified Person with respect to Noram’s Clayton Valley Claim Group Project as defined under National Instrument 43-101.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM and 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
Direct: (604) 761-9994
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. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.