Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) ("Noram" or the "Company") is pleased to announce the completion of Phase II surface and sub-surface sampling on its South Block Extension, which includes the Hades, Zeus and Spartan lithium brine/clay claim groups (Figure 1).
As part of the Phase II program total of 81 surface and sub-surface samples were taken on the claims. Bradley Peek, MSc and Certified Professional Geologist of Harrison Land Services, supervised the sampling program and expedited the samples daily to ALS in Reno, Nevada, for MS-ICP analysis. Phase II assay results are expected to be received over the next 7 days.
Phase I Results on Zeus Claim (June 9, 2016)
|
Laboratory Results |
|||||||
|
K |
Li |
Mg |
Na |
P |
Sr |
||
|
Sample ID |
Description |
(%) |
(PPM) |
(%) |
(%) |
(%) |
(PPM) |
|
ZS-001 |
Greenish tan, soft friable mudstone. No visible bedding. |
5.38 |
770 |
2.12 |
2.33 |
0.046 |
1910 |
|
ZS-002 |
Light tan, chalky-looking siltstone. In beds 1 -5 cm thick. Non-calcareous. |
5.16 |
196 |
0.44 |
3.42 |
0.02 |
2720 |
|
ZS-003 |
Greenish tan, soft, friable mudstone. No visible bedding. |
4.99 |
670 |
1.77 |
3.38 |
0.053 |
842 |
|
ZS-004 |
White, weathering FeOx, hard, well fractured claystone. |
4.59 |
313 |
0.76 |
3.26 |
0.02 |
6370 |
|
ZS-005 |
Light green, soft claystone. Below 1 foot thick white to light orange to buff, salty mudstone. |
4.1 |
670 |
0.98 |
2.09 |
0.025 |
284 |
|
ZS-006 |
Light green, micro-porous, crumbly, leached claystone (tuff?). In beds approximately 3 mm thick. |
4.14 |
760 |
1.7 |
3.71 |
0.014 |
533 |
|
ZS-007 |
Light tan, micro-porous, crumbly, leached claystone (tuff?). In beds 2 - 5 mm thick. Is approximately 3 feet below ZS-006. |
2.97 |
327 |
0.81 |
2.56 |
0.011 |
1185 |
The Hades, Zeus and Spartan claim groups form part of the South Block Extension recently acquired by staking through Noram’s wholly owned subsidiary, Green Energy Resources. The South Block consists of 738 claims in three contiguous claim groups (Zeus, Hades and Spartan) and covers approximately 14,738 acres. For additional information, see news releases of May 26, 2016, June 7, 2016 and June 9, 2016.
“Noram continues to amass one of the largest land packages in Nevada’s Clayton Valley,” said Noram’s president Mark Ireton. “Our 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.”
Michael Collins, P.Geo., and independent Qualified Person as defined in National Instrument 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.
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.
