Vancouver, British Columbia – April 7, 2021 – Noram Ventures Inc. (“Noram” or the “Company”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce that the Company has completed a drone survey of the Zeus Project area. The survey was conducted by Strix Imaging: Aerial Mapping and Imaging Services. Strix Imaging is a Douglas County, Nevada based aerial imaging and mapping company. Strix uses fixed-wing drones to provide high accuracy topographic maps, orthophotos, full planimetrics, volumetrics and change detection to industry. By utilizing unmanned aerial mapping technology, Strix is often able to significantly discount its aerial mapping deliverables for its customers, as compared to traditional methods of manned aerial mapping. Strix relies on larger fixed-wing systems for drone mapping because they can cover a much broader area much more efficiently than quadcopters.
“The drone survey has provided Noram Ventures with both detailed aerial photography and detailed topographic coverage of the Zeus property. The survey will allow a much more accurate top surface for the calculation of future resource estimates and for the upcoming Preliminary Economic Assessment. The survey results appear to be of excellent quality and have already proved useful for project planning,” commented Brad Peek, CPG and Qualified Person for all 5 phases of drilling conducted on the Zeus Project by Noram.
The Company would also like to update shareholders that Noram is in receipt of a claim filed by former officer and director, Mark Ireton (“Ireton”) sole officer and director of Ireton Consulting Inc., both of which are parties to the claim. Ireton makes various claims for financial compensation and damages. These claims are without merit and Noram has filed a response accordingly. The Company will not accept false statements and will proceed with this litigation as aggressively and expeditiously as possible.
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 Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (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.