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Noram heading towards resource estimate with initial drilling

Thursday, November 10, 2016 8:57
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A resource estimate for its lithium brine/clay project  in Clayton Valley, Nevada  moved nearer into view as Noram Ventures Inc (CVE:NRM) hired a contractor for an initial drill programme.

Harrison Land Services (HLS) will sink 55 holes after targets were selected based on results from three phases of surface and subsurface sampling.

The work is focused on the South block claim group with 45 holes on the Zeus claims and five holes on the border of the Zeus Extension claims to test areas that showed some of the best results in sampling, with up to 1,670 ppm (parts per million) lithium.

Five holes will be completed on the Hades claims adjacent to the historical shaft, where lithium values over 1,000 ppm were sampled from the spoil pile. Drill holes are expected to range from 18 to 24 metres in depth.

Further surface sampling will also be completed.

The program will allow Noram to quantify the volume and grade of the mineralisation, and generate data for a resource estimate.

Mark Ireton, president of Noram, said: “The analytical results from this initial drilling campaign will assist us greatly in determining the depth and breadth of the lithium-rich sediments that occur on our South block claims.”

Last week, Noram released an initial NI 43-101 technical report on the project, from which these drill recommendations were made.

Noram’s land position in Nevada’s Clayton Valley consists of 888 placer claims covering 17,738 acres (7,178 hectares) in two non-contiguous blocks.

The perimeter of Noram’s claims are located within 1 mile (1.6 kilometers) of Albemarle Corporation’s lithium brine operations.

Albemarle produces lithium at its plant from deep wells that pump lithium-rich brines from the basin beneath the Clayton Valley playa. The Albermarle plant is the only lithium producer in the United States and has been producing lithium at this location continuously since 1967. 

Story by ProactiveInvestors


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