Noram Ventures Inc. (CVE:NRM) said on Wednesday that commercial battery grade lithium has been found from samples at its 100%-owned Hector Lode claim block of its San Bernardino county, California project, which is located adjacent to an existing bentonite/hectoride mine.
The initial results will progress to further exploration, the company said.
“We are very encouraged by the initial sample analysis which indicates that the grades will support economic recovery of battery grade lithium and Noram will now move on to a more comprehensive sampling and exploration plan,” said Noram’s President, Mark Ireton.
Hector Lode consists of 116 mineral claims, comprising approximately 2,300 acres in San Bernardino County.
The company said there was proven presence of lithium in Hectorite clays and published reports indicate lithium values greater than 1% Li2O. Material is currently being mined on adjacent ground as bentonite/hectorite clays.
The initial sampling programme consisted of 9 samples taken from claystone outcrops within the Hector Lode claims. Assay results ranged from 33.6 to 197.5 ppm Li. Assays were conducted with an MS-ICP analysis package by ALS in Reno, Nevada.
Based on the results of the sample analyses, a more extensive sampling and geological mapping programme is recommended to understand and expand on these initial results, and define which areas contain the highest lithium values.
Once the geological mapping and sampling phases have been completed, shallow core drilling (60-80 feet or 18 – 24 metres) has been recommended to provide a more in-depth understanding of the geology, lithium grades and thicknesses. Core drilling is recommended contingent upon the results of the surface sample analyses and geological mapping. Drill collar locations and the numbers of holes will be determined by the sampling and geological phases of the project.
Noram Ventures is a Canada-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.
Last month, the company said its common shares began trading on the OTC Bulletin Board in the United States. Read more.
Story by ProactiveInvestors