Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-Venture: NRM / Frankfurt: N7R / US-OTC: NRVTF) (“Noram” or the “Company”) is pleased to announce its wholly owned subsidiary Green Energy Resources (“Green Energy”) has commenced a 55 hole drilling program just east of Albemarle’s lithium brine operation and approximately six miles (10 km) northeast of Silver Peak, Nevada (Figure 1).
As previously announced on December 5th 2016, Noram entered into a Letter of Intent (LOI) with Alba Minerals to option up to a 50% interest in Green Energy and its lithium projects. In keeping with the terms of the LOI, Alba has made the initial option payment of $127,500 and the drilling crew has been mobilized.
The Phase I core drilling program will focus on Noram’s South Block claims with some 50 holes to be drilled in the main target area that measures approximately two and a half miles (4.1 km) by one and a half miles (2.4 km) on the Zeus claims and border of the Zeus Extension claims (Photo 1). And an additional five holes to be drilled on the adjacent Hades claims around the historical shaft where lithium values over 1,000 ppm were sampled from the spoil pile (Photo 2). The Program, that will include drilling, core logging, splitting, sampling, and assay analysis, is expected to be completed by mid-January 2017.
“We are very pleased to be underway with our first phase of drilling in the Clayton Valley,” said Mark Ireton, CEO and President of Noram. “Our objective is to delineate a portion of the lithium mineralization on the South Block claims and produce an initial, National Instrument 43-101 resource estimate by the end of January 2017.”
The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc and Certified Professional Geologist, who is an independent Qualified Person as defined under NI 43-101 with respect to Noram’s Clayton Valley Lithium Project.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: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 projects that include lithium projects in Clayton Valley, 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.
Please visit our web site for further information: www.noramventures.com
