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Noram Ventures encouraged by latest lithium drill findings at Clayton Valley

Tuesday, February 28, 2017 7:34
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Noram Ventures Inc (CVE:NRM) and Alba Minerals Ltd told investors they continue to find encouraging levels of lithium in drilling at the Clayton Valley project.

The pair have released the second batch of drill core sample results from the 46-hole phase I drilling program that focused on the Zeus portion of the Nevada project.

The Zeus claims are within 2km (1.25 miles) of Albemarle’s Silver Peak lithium mine that has been producing since 1966 and is the only lithium-brine production operation in North America.

The lithium content of the latest 126 samples had an interval-weighted average of 1,040.5 ppm (parts per million) with a minimum value of 425 ppm (parts per million) and a maximum value of 1,950 ppm, both over 1.22m (4 ft) intersections.

The samples had a median value of 975 ppm lithium.

Mark Ireton, president and chief executive of Noram, said: The lithium values continue to be amazingly consistent, both vertically and horizontally, across all 20 holes we have reported to date.

!”The median lithium value in the first and second batch of drill core samples also exceeds the average lithium value of the previously reported surface samples ( Dec 8 2016 ) by 64% and 57%, respectively.”

Analytical results from the remaining 26 drill holes of the Phase 1 drilling program are still pending.

Story by ProactiveInvestors


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