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Noram Ventures Inc
Symbol C : NRM
Shares Issued 174,530,333
Close 2017-12-06 C$ 0.065
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Noram hires Montebelli for Arizaro sampling program

2017-12-07 06:28 ET - News Release

Mr. Mark Ireton reports

NORAM ENGAGES GEOLOGIST TO SUPERVISE ITS SAMPLING PROGRAM ON ITS ARIZARO EAST PROJECT IN THE ARGENTINA LITHIUM TRIANGLE

Further to its news release on Nov. 23, Noram Ventures Inc. has enganged Gonzalo Javier Montebelli as exploration geologist, who will supervise the surface and subsurface sampling on its 2,709-hectare Arizaro East mineral claim located in the eastern portion of the Salar de Arizaro in northwestern Argentina in Los Andes department, Salta province.

Noram has accelerated the sampling program which is scheduled to be completed during December, with results published in January, 2018. Noram's exploration team will use the town of Tolar Grande as its logistical base. The focus of the surface and subsurface sampling will be in the area of Arizaro East claim located in Salar de Arizaro.

The company has developed a surface and subsurface plan for a phase 1 exploration program on the 2,709 hectares as a function of the currently approved environmental impact assessment (EIA) that enables basic geophysical and geotechnical exploration of shallow depth.

Mark Ireton said, "We are very pleased to have been able to accelerate the sampling program which was originally scheduled for Q1 2018, the initial sampling results will assist our geological and exploration team to access next steps in a more comprehensive work program for 2018."

Geology

  • The basin is composed of a predominantly halite core, similar to Hombre Muerto (FMC), Rincon (Enirgi) and Atacama in Chile (SQM and Albermarle).
  • Noram's Arizaro project comprises 2,709 hectares lithium brine-clay prospects.
  • Companies in the Arizaro area include Lithium X, Eramet, Sentient and REMSA (Salta government).

Location and infrastructure

  • The Arizaro salt lake covers approximately 200,000 hectares, making it the third largest in the world.
  • One of the few unexplored salars located within the Lithium Triangle.
  • The arrival of gas to the area will help companies develop metallic lithium, sodium carbonate and hydrochloric acid, plus gold, silver, lithium, borates, salt and perlite.
  • The area is the focus of near-term infrastructure upgrades as a result of the developments of Taca-Taca (First Quantum) and Lindero (Fortuna Silver).

About Noram Ventures Inc.

Noram Ventures is a Canadian-based junior exploration company, with a goal of becoming a force in the green energy revolution through the development of lithium and graphite deposits and becoming a low-cost supplier for the burgeoning lithium battery industry. The company's primary business focus since formation has been the exploration of mineral projects that include lithium projects in the Clayton Valley in Nevada, the Arizaro East mineral claim located in the eastern portion of the Salar de Arizaro in northwestern Argentina and the Jumbo graphite property in British Columbia. Noram's long-term strategy is to build a multinational lithium-graphite-dominant industrial minerals company to produce and sell lithium and graphite into the markets of Europe, North America and Asia.

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