Noram Completes CVZ-65: High Of 1820 PPM Intersection Of 270ft (82.3m) Averaging 1124PPM Of Lithium
Vancouver, British Columbia – February 18, 2021 – Noram Ventures Inc. (“Noram” or the “Company”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce the successful completion of CVZ-65. The Company completed core hole CVZ-65 at a depth of 297 feet (90.5 m) and was pleased to note that this Is yet another hole in which mineralization essentially began at surface. An interval of 270 ft (82.3 m) was intersected from 12 ft (3.7 m) to 282 ft (86.0 m).
Figure 1a) Strip Log of CVZ-65 outlining the various claystone types encountered at depth from the surface to 297ft b) Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill sites completed or in progress (seen in green) to date for the Phase V 2020 program. Proposed drill sites not yet explored indicated in white.
| Hole ID | Sample No. | From (ft) | To (ft) | Li (ppm) |
|---|---|---|---|---|
| CVZ-65 | 1710279 | 12 | 22 | 860 |
| CVZ-65 | 1710280 | 22 | 32 | 970 |
| CVZ-65 | 1710281 | 32 | 42 | 750 |
| CVZ-65 | 1710282 | 42 | 52 | 900 |
| CVZ-65 | 1710283 | 52 | 62 | 930 |
| CVZ-65 | 1710284 | 62 | 72 | 610 |
| CVZ-65 | 1710285 | 72 | 82 | 1010 |
| CVZ-65 | 1710286 | 82 | 92 | 1040 |
| CVZ-65 | 1710287 | 92 | 102 | 1190 |
| CVZ-65 | 1710288 | 102 | 112 | 1330 |
| CVZ-65 | 1710289 | 112 | 122 | 1110 |
| CVZ-65 | 1710290 | 122 | 132 | 1560 |
| CVZ-65 | 1710291 | 132 | 142 | 1820 |
| CVZ-65 | 1710292 | 142 | 152 | 1760 |
| CVZ-65 | 1710293 | 152 | 162 | 1180 |
| CVZ-65 | 1710294 | 162 | 172 | 1460 |
| CVZ-65 | 1710295 | 172 | 182 | 1460 |
| CVZ-65 | 1710296 | 182 | 192 | 1480 |
| CVZ-65 | 1710297 | 192 | 202 | 1140 |
| CVZ-65 | 1710298 | 202 | 212 | 940 |
| CVZ-65 | 1710299 | 212 | 222 | 1020 |
| CVZ-65 | 1710300 | 222 | 232 | 870 |
| CVZ-65 | 1710301 | 232 | 242 | 890 |
| CVZ-65 | 1710303 | 242 | 252 | 900 |
| CVZ-65 | 1710304 | 252 | 262 | 1220 |
| CVZ-65 | No Sample | 262 | 272 | 1060 |
| CVZ-65 | 1710305 | 272 | 282 | 900 |
| CVZ-65 | 1710306 | 282 | 297 | 470 |
Table 1 – Summary of sample results from CVZ-65 from surface to depth of 297ft.
The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43-101.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier. The Company’s primary business is the Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resource, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resource (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent – “LCE”.
Noram’s long term strategy is to build a multi-national lithium minerals company to produce and sell lithium 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/ “Anita Algie”
Director and CFO
Office: (604) 553-2279
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.