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Noram Lithium Corp
Symbol NRM
Shares Issued 88,812,611
Recent Sedar Documents

ORIGINAL: Noram Lithium drills 260 ft of 1,185 ppm Li at Zeus

2022-06-16 08:41 ET - News Release

Received by email:

File: Attachment CVZ-79 Results NR (06.16.22) final.pdf

                                                                             Noram Lithium Corp.
                                                         Suite 2150   555 West Hastings Street

                                                                         Vancouver BC V6B 4N6
                                                                                   T: 604.553.2279

                                                                       ir@noramlithiumcorp.com

                   NORAM RECEIVES RESULTS FOR CVZ-79:
HIGH-GRADE INTERCEPT OF 260.0 FT (79.2 M) AVERAGING 1185 PPM

                                   & HIGH OF 1660 PPM

Vancouver, British Columbia   June 16, 2022   Sandy MacDougall, CEO of Noram Lithium Corp.
("Noram" or the "Company") (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is pleased to announce
the successful completion of CVZ-79 (PH-05) and release of the final assay results. The Company
completed core hole CVZ-79 at a depth of 503 ft (153.3 m). Sampling for assay began at 30 ft (9.1 m) and
continued to the bottom of the hole, an interval thickness of 260.0 ft (79.2 m) was intersected from 100 ft
(33.5 m) to 360 ft (109.7 m). The hole ended in mineralization and the weighted average lithium values
present were as follows:

Depth of Interval Intersection        Total thickness    Weighted Average Lithium
100 ft to 360 ft (33.5 m to 109.7 m)  260.0 ft (79.2 m)              (ppm)

                                                                  1185.0 ppm

Figure 1. Example of core from CVZ-79; the interval from 124.0 to 129.5 ft (37.8   39.5 m). This particular section sh
--->ows the
transition from light olive claystones to the black reduced claystones. As a general rule, demonstrated by previous pr
--->ograms,
the black claystones tend to have higher lithium values.

"CVZ-79 was one of the holes near the eastern edge of Noram's Zeus property. At this location, it is
anticipated that it will add substantially to Noram's indicated lithium resource and will reassign a large
portion of the current inferred resource into the indicated category. comments Brad Peek, VP of Exploration
and geologist on all six phases of Noram's Clayton Valley exploration drilling.
 Figure 2. Comparative stratigraphy and assay results for drill hole CVZ-79 as compared to CVZ-75 and CVZ-77, which we
--->re
also drilled as part of the Phase IV program. All 3 holes had long intercepts of high-grade lithium mineralization. Th
--->e
histogram on the sides of the holes are the composited lithium grades in ppm Li. The cross section has a 4X vertical
exaggeration.

Figure 3   Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 holes comp
--->leted
during Phase V1. Phase VI holes are indicated in purple
 Hole ID  From (ft)  To (ft)  From (m)  To (m)  Li (ppm)
CVZ-79       40       45        12.2    13.7     253
CVZ-79       45       50        13.7    15.2     411
CVZ-79       50       55        15.2    16.8     840
CVZ-79       55       60        16.8    18.3     930
CVZ-79       60       65        18.3    19.8     620
CVZ-79       65       70        19.8    21.3     650
CVZ-79       70       75        21.3    22.9     800
CVZ-79       75       80        22.9    24.4     810
CVZ-79       80       85        24.4    25.9     590
CVZ-79       85       90        25.9    27.4     920
CVZ-79       90       95        27.4    29.0     560
CVZ-79       95      100        29.0    30.5     730
CVZ-79      100      105        30.5    32.0     1260
CVZ-79      105      110        32.0    33.5     740
CVZ-79      110      115        33.5    35.1     880
CVZ-79      115      120        35.1    36.6     950
CVZ-79      120      125        36.6    38.1     890
CVZ-79      125      130        38.1    39.6     970
CVZ-79      130      135        39.6    41.1     1170
CVZ-79      135      140        41.1    42.7     980
CVZ-79      140      150        42.7    45.7     1040
CVZ-79      150      160        45.7    48.8     1070
CVZ-79      160      170        48.8    51.8     940
CVZ-79      170      180        51.8    54.9     1480
CVZ-79      180      190        54.9    57.9     1430
CVZ-79      190      200        57.9    61.0     1190
CVZ-79      200      210        61.0    64.0     1520
CVZ-79      210      220        64.0    67.1     1640
CVZ-79      220      230        67.1    70.1     1660
CVZ-79      230      240        70.1    73.2     1580
CVZ-79      240      250        73.2    76.2     1240
CVZ-79      250      260        76.2    79.2     1280
CVZ-79      260      270        79.2    82.3     1520
CVZ-79      270      280        82.3    85.3     1480
CVZ-79      280      290        85.3    88.4     1150
CVZ-79      290      300        88.4    91.4     1050
CVZ-79      300      310        91.4    94.5     1010
CVZ-79      310      320        94.5    97.5     990
CVZ-79      320      330        97.5   100.6     1020
CVZ-79      330      340       100.6   103.6     910
CVZ-79      340      350       103.6   106.7     700
CVZ-79      350      360       106.7   109.7     990
 CVZ-79  360                           370   109.7  112.8  720

CVZ-79  370                           380   112.8  115.8  510

CVZ-79  380                           390   115.8  118.9  650

CVZ-79  390                           400   118.9  121.9  560

CVZ-79  400                           410   121.9  125.0  650

CVZ-79  410                           420   125.0  128.0  730

CVZ-79  420                           430   128.0  131.1  700

CVZ-79  430                           440   131.1  134.1  850

CVZ-79  440                           450   134.1  137.2  830

CVZ-79  450                           460   137.2  140.2  730

CVZ-79  460                           470   140.2  143.3  500

CVZ-79  470                           480   143.3  146.3  820

CVZ-79  480                           490   146.3  149.4  520

CVZ-79  490                           497   149.4  151.5  500

CVZ-79  497                           503   151.5  153.3  550

            Table 1   Sample results from CVZ-79 from 40 ft (12.2 m) to a total depth of 503 ft (153.3 m).

The samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the
sample batch and returned values that were within their expected ranges.

The technical information contained in this news release has been reviewed and approved by Brad Peek.,
M.Sc., CPG, who is a Qualified Person with respect to Noram's Clayton Valley Lithium Project as defined
under National Instrument 43-101.

About Noram Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based
advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury.
Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the
completion of a Pre-Feasibility Study in 2022.

The Company's flagship asset is the Zeus Lithium Project ("Zeus"), located in Clayton Valley, Nevada. The Zeus
Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm
lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off.
In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using
US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the
PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
 peter@noramlithiumcorp.com
C: 778.344.4653

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking inf
--->ormation which is not
comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could 
--->cause actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking 
--->information. Forward-
looking information in this news release includes statements regarding, among other things, the completion transaction
--->s completed in the
Agreement. Factors that could cause actual results to differ materially from such forward-looking information include,
---> but are not limited to,
regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking info
--->rmation in this news
release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue r
--->eliance should not be placed
on such information, which only applies as of the date of this news release, and no assurance can be given that such e
--->vents will occur in the
disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking i
--->nformation, whether as a
result of new information, future events or otherwise, other than as required by applicable securities laws. *Updated 
--->Lithium Mineral Resource
Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment 
--->Zeus Project, ABH
Engineering (December 2021).
 

Word Document

File: '\\office\emailin\20220616 050052 Attachment CVZ-79 Results NR (06.16.22) final.docx'

Noram Lithium Corp.
Suite 2150 - 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
ir@noramlithiumcorp.com



NORAM RECEIVES RESULTS FOR CVZ-79: 
HIGH-GRADE INTERCEPT OF 260.0 FT (79.2 M) AVERAGING 1185 PPM & HIGH OF 1660 PPM

Vancouver, British Columbia - June 16, 2022 - Sandy MacDougall, CEO of Noram Lithium Corp. ("Noram" or the "Company") 
--->(TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is pleased to announce the successful completion of CVZ-79 (PH-05) and rel
--->ease of the final assay results. The Company completed core hole CVZ-79 at a depth of 503 ft (153.3 m). Sampling for a
--->ssay began at 30 ft (9.1 m) and continued to the bottom of the hole, an interval thickness of 260.0 ft (79.2 m) was in
--->tersected from 100 ft (33.5 m) to 360 ft (109.7 m). The hole ended in mineralization and the weighted average lithium 
--->values present were as follows:

Depth of Interval Intersection
Total thickness
Weighted Average Lithium (ppm)
100 ft to 360 ft (33.5 m to 109.7 m)
260.0 ft (79.2 m)
1185.0 ppm


Figure 1. Example of core from CVZ-79; the interval from 124.0 to 129.5 ft (37.8 - 39.5 m). This particular section sh
--->ows the transition from light olive claystones to the black reduced claystones. As a general rule, demonstrated by pre
--->vious programs, the black claystones tend to have higher lithium values.

"CVZ-79 was one of the holes near the eastern edge of Noram's Zeus property. At this location, it is anticipated that 
--->it will add substantially to Noram's indicated lithium resource and will reassign a large portion of the current infer
--->red resource into the indicated category. comments Brad Peek, VP of Exploration and geologist on all six phases of Nor
--->am's Clayton Valley exploration drilling.


Figure 2. Comparative stratigraphy and assay results for drill hole CVZ-79 as compared to CVZ-75 and CVZ-77, which wer
--->e also drilled as part of the Phase IV program.  All 3 holes had long intercepts of high-grade lithium mineralization.
--->  The histogram on the sides of the holes are the composited lithium grades in ppm Li.  The cross section has a 4X ver
--->tical exaggeration.


Figure 3 - Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 holes comp
--->leted during Phase V1. Phase VI holes are indicated in purple

Hole ID
From (ft)
To (ft)
From (m)
To (m)
Li (ppm)
CVZ-79
40
45
12.2
13.7
253
CVZ-79
45
50
13.7
15.2
411
CVZ-79
50
55
15.2
16.8
840
CVZ-79
55
60
16.8
18.3
930
CVZ-79
60
65
18.3
19.8
620
CVZ-79
65
70
19.8
21.3
650
CVZ-79
70
75
21.3
22.9
800
CVZ-79
75
80
22.9
24.4
810
CVZ-79
80
85
24.4
25.9
590
CVZ-79
85
90
25.9
27.4
920
CVZ-79
90
95
27.4
29.0
560
CVZ-79
95
100
29.0
30.5
730
CVZ-79
100
105
30.5
32.0
1260
CVZ-79
105
110
32.0
33.5
740
CVZ-79
110
115
33.5
35.1
880
CVZ-79
115
120
35.1
36.6
950
CVZ-79
120
125
36.6
38.1
890
CVZ-79
125
130
38.1
39.6
970
CVZ-79
130
135
39.6
41.1
1170
CVZ-79
135
140
41.1
42.7
980
CVZ-79
140
150
42.7
45.7
1040
CVZ-79
150
160
45.7
48.8
1070
CVZ-79
160
170
48.8
51.8
940
CVZ-79
170
180
51.8
54.9
1480
CVZ-79
180
190
54.9
57.9
1430
CVZ-79
190
200
57.9
61.0
1190
CVZ-79
200
210
61.0
64.0
1520
CVZ-79
210
220
64.0
67.1
1640
CVZ-79
220
230
67.1
70.1
1660
CVZ-79
230
240
70.1
73.2
1580
CVZ-79
240
250
73.2
76.2
1240
CVZ-79
250
260
76.2
79.2
1280
CVZ-79
260
270
79.2
82.3
1520
CVZ-79
270
280
82.3
85.3
1480
CVZ-79
280
290
85.3
88.4
1150
CVZ-79
290
300
88.4
91.4
1050
CVZ-79
300
310
91.4
94.5
1010
CVZ-79
310
320
94.5
97.5
990
CVZ-79
320
330
97.5
100.6
1020
CVZ-79
330
340
100.6
103.6
910
CVZ-79
340
350
103.6
106.7
700
CVZ-79
350
360
106.7
109.7
990
CVZ-79
360
370
109.7
112.8
720
CVZ-79
370
380
112.8
115.8
510
CVZ-79
380
390
115.8
118.9
650
CVZ-79
390
400
118.9
121.9
560
CVZ-79
400
410
121.9
125.0
650
CVZ-79
410
420
125.0
128.0
730
CVZ-79
420
430
128.0
131.1
700
CVZ-79
430
440
131.1
134.1
850
CVZ-79
440
450
134.1
137.2
830
CVZ-79
450
460
137.2
140.2
730
CVZ-79
460
470
140.2
143.3
500
CVZ-79
470
480
143.3
146.3
820
CVZ-79
480
490
146.3
149.4
520
CVZ-79
490
497
149.4
151.5
500
CVZ-79
497
503
151.5
153.3
550

Table 1 - Sample results from CVZ-79 from 40 ft (12.2 m) to a total depth of 503 ft (153.3 m).
The samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the sample batch and r
--->eturned values that were within their expected ranges.  

The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who
---> is a Qualified Person with respect to Noram's Clayton Valley Lithium Project as defined under National Instrument 43-
--->101.

About Noram Lithium Corp. 
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium dev
--->elopment stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively adva
--->ncing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility 
--->Study in 2022.

The Company's flagship asset is the Zeus Lithium Project ("Zeus"), located in Clayton Valley, Nevada. The Zeus Project
---> contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, an
--->d an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021,
---> a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate 
--->Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately 
--->US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.  

ON BEHALF OF THE BOARD OF DIRECTORS 

Sandy MacDougall 
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may conta
--->in forward-looking information which is not comprised of historical facts. Forward-looking information involves risks,
---> uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to 
--->differ materially from those expressed or implied by such forward-looking information. Forward-looking information in 
--->this news release includes statements regarding, among other things, the completion transactions completed in the Agre
--->ement. Factors that could cause actual results to differ materially from such forward-looking information include, but
---> are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the
---> forward-looking information in this news release are reasonable, including that all necessary regulatory approvals wi
--->ll be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of t
--->he date of this news release, and no assurance can be given that such events will occur in the disclosed time frames o
--->r at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as 
--->a result of new information, future events or otherwise, other than as required by applicable securities laws. *Update
--->d Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preli
--->minary Economic Assessment Zeus Project, ABH Engineering (December 2021).



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