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Noram receives drill permit for Clayton Valley project

Friday, November 4, 2016 12:33
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Noram Ventures Inc.’s (CVE:NRM) wholly-owned subsidiary, Green Energy Resources, has received permitting for 55 prospecting core holes at the Clayton Valley project, the company said on Friday.

The permit for the core holes also includes associated access on federal surface and mineral, under the management of the Bureau of Land Management (BLM), Tonopah field office, approximately 10 kilometres (six miles) northeast of Silver Peak, Esmeralda county, Nevada.

The work forms part of the phase 1 exploration program at Clayton Valley North and results will be incorporated into a resource estimate.

The 55 prospecting core holes will not require any pad or access road construction, but a disturbance of 4.8 acres is estimated for overland use of 33,817 feet of access road (six feet wide) and 55 core hole sites (10 feet by 10 feet).

In accordance with applicable BLM and Nevada Division of Minerals regulations, Green Energy submitted the exploration plan of operations to supplement the notice of intent to conduct exploration coring that upon implementation is designed to demonstrate the existence of a valuable deposit of lithium within the prospect area.

Activities are anticipated to be completed within one month, and to include drilling, core logging, core splitting, core photography, core analysis and core hole plugging. Following core hole plugging, incidental surface reclamation will begin as soon as weather permits.

“We are pleased to have permits in hand for the first phase of drilling, and are now in the process of securing equipment and drill crews,” said Mark Ireton, chief executive officer and president.

“We are progressing well and anticipate collaring our first exploration core hole in the late November, 2016.”

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