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Noram Lithium Corp
Symbol NRM
Shares Issued 88,907,611
Close 2023-12-05 C$ 0.51
Market Cap C$ 45,342,882
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Noram Ventures drills deepest hole to date at Zeus

2023-12-06 12:26 ET - News Release

Mr. Sandy MacDougall reports

NORAM SUCCESSFULLY DRILLS DEEPEST HOLE TO DATE & INTERSECTS 756.5 FT (230.6 M) OF FAVOURABLE TUFFACEOUS CLAYSTONES

Noram Ventures Inc. has completed the second hole of its 10-hole drill program, referred to as CVZ-83. CVZ-83 was drilled to a depth of 770 feet (234.7 metres). It is the deepest hole ever drilled on Noram's wholly owned Zeus project in Clayton Valley, Nevada, United States. The core has been cleaned, logged and photographed and is in the process of being sampled for assay by the crew with the independent consulting group Big Rock Exploration of Duluth, Minn., U.S. The hole was drilled approximately 860 feet (265 metres) north of CVZ-82, reported in Noram's most recent news release.

After passing through 13.5 feet (4.11 m) of unconsolidated surface gravel, the hole encountered the green tuffaceous mudstones and volcanic rocks logged in previous drill holes. These rocks extend to the bottom of the hole, a thickness of 756.5 feet (230.6 m). From previous drilling, it is believed that the tuffaceous mudstones and volcanics are highly prospective for the high-grade lithium values that have become the norm for the Zeus deposit. If this is proven to be true from the pending assays, it will increase the deposit to the northwest from its previously defined extent.

With the completion of CVZ-83, the drill has moved to CVZ-84 and drilling is in progress. Sampling of the core using an industry-standard quality assurance/quality control protocol is under way. Samples are to be delivered to ALS Laboratories in Reno, Nev., for assaying. Assay results are pending.

"This is extremely exciting news for Noram. Not only are we expanding the size and extent of the resource in the northwest quadrant, but we are also validating our theory about this deposit at depth by drilling some of these much deeper holes. All of which has major implications on a successful PFS," commented Sandy MacDougall, executive chairman and director.

About Noram Lithium Corp.

Noram Lithium is focusing on advancing its 100-per-cent-owned Zeus lithium project located in Clayton Valley, Nevada, an emerging lithium hub within the United States.

Qualified person

The technical information contained in this news release has been reviewed and approved by Brad Peek, MSc, CPG, who is a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and also vice-president of exploration for Noram.

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