Noram Ventures Inc. is pleased to announce that Noram continues to work towards strategically positioning the Company to benefit from the increasing demand for lithium, increasing lithium prices and recent record EV demand in Europe and China. During December, 99.5% lithium carbonate China spot prices were up 6.4%. Lithium hydroxide prices were up 0.74%. Spodumene prices were up 0.21%. "With increasing interest in Clayton [...]
Noram Ventures Inc. is pleased to announce that in anticipation of Preliminary Economic Assessment studies for the Zeus lithium claystone deposit in Clayton Valley, Noram is conducting a series of chemical engineering tests to extract and concentrate lithium. In July and August 2020, Noram conducted successful membrane + electrolysis where 97% pure lithium carbonate was achieved after leaching in sulfate-based solutions [...]
Noram Ventures Inc. is pleased to announce that the Company has resumed drilling in Clayton Valley. The expanded permitting was accepted by the Bureau of Land Management at the end of 2020. Phase V will include 12 holes drilled to a maximum depth of 500ft. This is the deepest drilling by the Company to date and the 3 completed holes have all shown favourable clays at depths below 400ft. On January 7, 2021, Albemarle [...]
Noram Ventures Inc. is pleased to highlight the recent confirmation by Tesla to move its headquarters and future programs to Texas/Nevada immediately. "That, coupled with the very favourable research report by Couloir Capital on Noram's neighbours, Cypress Development Corp., has successfully brought even more attention to size and extent of the economic potential of the area. Noram is perfectly positioned to benefit from [...]
Noram Ventures Inc. is pleased to announce that the Company has received approval from the Bureau of Land Management to complete an additional 5 holes up to depths of 500 ft as part of the Phase V Drill Program. As a result of successfully drilling the longest intersections to date during this campaign, the permitting depth was increased from 400 ft to 500 ft. Figure 1. Zeus Property map showing a) location of current [...]
Noram Ventures Inc. is pleased to announce that the Company has received the assay results for drill hole CVZ-61. Approximately 298ft of lithium claystone was intersected, of which, 260 ft ran an average of 1130ppm. This average is consistent with Noram's current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources after [...]
Noram Ventures Inc. is pleased to announce that the Company has mobed the drill to the northernmost site and is currently at a depth of approximately 288ft. Mineralization was encountered from near surface to approximately 92ft; below which blue-black clay was apparent to 129ft, blue clay to 223ft and green clays to our current depth. The Company has been working with the Bureau of Land Management to expand the permitting [...]
Noram Ventures Inc. is pleased to announce that the Company has completed hole CVZ-62 to a total depth of 477ft. When logging and visual inspection of the core was completed, it was noted that mineralization appeared at 74ft and extended down to 454ft for a total intersection of 380ft. This surpasses all prior drilling and is the longest intersection to date. "Drill hole CVZ-62 is an incredibly encouraging hole for Noram [...]
Noram Ventures Inc. is pleased to announce that the Company has resumed drilling after the US Thanksgiving holiday with two drills and two crews. The LF-70 rig is completing CVZ-62 and the second crew has started CVZ-63 with a Longyear 44. The Company intends to complete all 12 holes this month. Additionally, the Company has been in contact with the Bureau of Land Management and is anticipating the expansion of the permit [...]
Noram Ventures Inc. is pleased to announce that the Company will contract Arethuse Geology of Aix-en-Provence, France, a seasoned geological and engineering firm known for it's technical excellence, to assist in the completion of the upgraded resource estimate and pit design. Figure 1 - Zeus Project area. Claystone gently dipping to the Northeast. Arethuse Geology has a core team of 10 geoscientists with all level of [...]
Noram Ventures Inc. is pleased to announce that the Company has continued drilling in mineralization at depth on Hole #7. LF-70 drill rig on CVZ-62 site, 2020-11-17, Brad Peek, Senior Geologist and Q.P. on site, looking northwest. CVZ-62 has 50 m of lithium claystone and is continuing to drill in the claystones. Samples have been submitted to ALS laboratories for analysis. The Zeus property Esmeralda Formation playa lake [...]
Noram Ventures Inc. is pleased to announce that the Company has commenced drilling Hole #7 outside the previously drilled area and south-west of the recently completed Hole #1 where the Company intersected one of its thickest claystone sections to date. Noram is currently drilling below 187ft on CVZ-62. Green clays were intersected at 74ft which turned into blue clays at approximately 132ft . This has continued down to [...]
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