22:47:02 EDT Tue 30 Apr 2024
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Noram Lithium Corp
Symbol NRM
Shares Issued 88,907,611
Close 2023-12-19 C$ 0.415
Market Cap C$ 36,896,659
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Noram Lithium drills fourth Zeus hole to 568 ft

2023-12-20 12:07 ET - News Release

Mr. Sandy MacDougall reports

NORAM DRILLS CVZ-87 TO DEPTH OF 568 FT (173.13 M): INTERSECTING APPROXIMATELY 455 FT (139 M) OF FAVOURABLE CLAYSTONES NEAR SURFACE

Noram Lithium Corp. has completed core hole CVZ-87, the fourth hole in its 10-hole phase VII drilling program on its 100-per-cent-owned Zeus project in Clayton Valley, Nevada, United States. The hole was an infill hole to more precisely define the previously announced mineral resource. This hole, along with others in this round of drilling, is expected to upgrade some of the inferred resource to indicated and some of the indicated resource to the measured categories in the core of the main deposit.

CVZ-87 was completed at a depth of 568 feet (173.13 metres). The core has been cleaned, logged, 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. 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.

As with other nearby, previously drilled holes, CVZ-87 intersected a thick section of olive, blue and blue-black tuffaceous claystones and mudstones that, in the past, have carried high lithium grades. CVZ-87 intersected approximately 455 ft (139 m), from depths of eight ft to 463 ft (2.4 to 141.1 m) of these promising lithologies.

With the completion of CVZ-87, the drill moved onto CVZ-88 and had begun drilling that hole.

"CVZ-87 saw prospective lithology virtually on surface at a depth of only eight ft (2.4 m). This is but one of the many reasons we are so invested in this project. Not only is the ground itself accessible by car and the terrain easily navigated, but we see long, rich intervals nearly on surface of lithium-hosted clay. The phase VII program has been very successful to date and we look forward to sharing the forthcoming results with our loyal shareholders," 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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