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Noram impressed by consistency of lithium values from drilling campaign

Wednesday, February 15, 2017 7:21
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Noram Ventures Inc (CVE:NRM) and Alba Minerals Ltd continue to find encouraging levels of lithium in their drilling at their Clayton Valley project.

Norma issued a statement as the initial sample results from the first 10 holes of the 46-hole phase I core drilling program were released.

The program focused on the Zeus portion of the Clayton Valley lithium project in Nevada. The Zeus claims are located within two kilometres (1.25 miles) of Albemarle’s Silver Peak lithium mine that has been in production since 1966 and is the only lithium-brine production operation in North America.

The holes drilled were in two distinct groups, with the smaller group (comprising two holes) located some 366 metres (m) north-east of the main drill-hole grouping.

Lithium values were found to be very consistent across both groupings, Noram said.

The lithium content of the 116 samples had an interval-weighted average of 1,087.1 parts per million (ppm), with a minimum value of 600 ppm and a maximum value of 2,320 ppm, both over 1.22m (4 feet) intersections.

The samples had a median value of 1020 ppm Lithium. These results are well above those seen in the 73 surface samples collected from the drilling area and analyzed during exploration work in 2016 and indicate that some leaching of the lithium has occurred at surface, Noram said.

“These initial results are better than expected and it is rare to see drill core sample values that exceed the best of previously reported surface-sampling results (Dec 8, 2016). The amazing consistency of the lithium values, both vertically and horizontally, across the initial 10 holes is also very encouraging,” said Mark Ireton, Noram’s president and chief executive officer.

Results from samples taken from the remaining 36 drill holes in the Phase 1 program are being awaited.

Story by ProactiveInvestors


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