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Noram Ventures Inc (2)
Symbol NRM
Shares Issued 45,891,802
Close 2020-08-12 C$ 0.185
Market Cap C$ 8,489,983
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Noram's Zeus drilling to cover further 2.5 square km

2020-08-13 02:22 ET - News Release

Mr. C. Tucker Barrie reports

NORAM PROVIDES PROPOSED DRILL PLAN ON EASTERN HALF OF ZEUS LITHIUM CLAYSTONE PROPERTY, CLAYTON VALLEY, NEVADA

Noram Ventures Inc. has provided the locations of provisional drill holes for a fall drill program on the Zeus lithium claystone property.

The fall drill program is designed to significantly expand the current resource size. From reconnaissance geological mapping and sampling, the favourable Esmeralda formation claystone units are known to be present across the property, either at surface or under a thin veneer of alluvium. The current resource (greater-than-900-part-per-million cut-off) has a footprint of approximately 2.5 square kilometres, and the current drill program covers approximately an additional 2.5 square kilometres.

Noram's management is encouraged by the increased level of lithium exploration and development in Clayton Valley in 2020.

President C. Tucker Barrie commented: "At Noram, we look forward to expanding our Zeus lithium claystone deposit with this fall drill campaign. We see our neighbour Cypress Development with a new and expanded resource estimate for their claystone project next door, after posting a prefeasibility study earlier this year. We note that Pure Energy Minerals is advancing their lithium brine project immediately south of Albemarle's Silver Peak brine property. Clayton Valley has a 60-year-long history of producing lithium for the chemical and ceramics industries and now for the lithium-ion-battery and electric vehicle industries. We believe these projects have potential to continue this history of lithium production."

The technical information contained in this news release has been reviewed and approved by C. Tucker Barrie, PhD, PGeo, who is a qualified person with respect to Noram's Clayton Valley lithium project as defined under National Instrument 43-101.

About Noram Ventures Inc.

Noram is a Canadian-based junior exploration company, with a goal of developing lithium deposits and becoming a low-cost supplier. The company's primary business focus since formation has been the exploration of mineral projects. Noram's long-term strategy is to build a multinational lithium mineral company to produce and sell lithium into the markets of Europe, North America and Asia.

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