Noram Completes Initial Sampling Program on its Hector Lode Lithium Claims in San Bernadino County, California
Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-Venture:NRM Frankfurt: N7R OTCBB:NRVTF) (“Noram” or the “Company”) is pleased to report intial sampling results from the 100% owned Hector Lode claim block of its San Bernadino County, CA Lithium Project, which is located adjacent to an existing bentonite/hectoride mine.
“We are very encouraged by the initial sample analysis which indicates that the grades will support economic recovery of battery grade lithium and Noram will now move on to a more comprehensive sampling and exploration plan,” said Noram’s President, Mark Ireton.
Hector Lode, California:
- Consist of 116 mineral claims, comprising approximately 2,300 acres in San Bernardino County, California
- Proven presence of lithium in Hectorite clays;
- Published reports indicate lithium values greater than 1% Li2O;
- Material is currently being mined on adjacent ground as bentonite/hectorite clays;
- Close to infrastructure (power, transportation and labor);
- Stable political environment;
The initial sampling program consisted of of 9 samples taken from claystone outcrops within the Hector Lode claims. Assay results ranged from 33.6 to 197.5 ppm Li. Assays were conducted with an MS-ICP analysis package by ALS in Reno, Nevada.
Noram’s independent technical consultant, Bradley C. Peek, MSc and Certified Professional Geologist said:
“While the results of the initial sampling are encouraging, lessons learned from our first geological and sampling phase has provided a clear direction for our next sampling phases, we we anticipate will lead to lithium values similar assays reported indicated Li values greater than 1% Li2O in Ames, L. L., Sand, L. B., Jr., and Goldich, S. S., 1958, A Contribution on the Hector, California Bentonite Deposit: Econ. Geol., Vol. 53, pp. 22 – 37 and Foshag, W. F. and Woodford, A. O., 1936, Benonitic Magnesian Clay-Mineral from California: Amer. Mineralogist, Vol. 21, pp. 238 – 244.”
Based on the results of the sample analyses, a more extensive sampling and geological mapping program is recommended to understand and expand on these initial results, and define which areas contain the highest lithium values.
Once the geological mapping and sampling phases have been completed, shallow core drilling (60–80 feet or 18 – 24 meters) has been recommended to provide a more in-depth understanding of the geology, lithium grades and thicknesses. Core drilling is recommended contingent upon the results of the surface sample analyses and geological mapping. Drill collar locations and the numbers of holes will be determined by the sampling and geological phases of the project.
The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc and Certified Professional Geologist, who is a Qualified Person with respect to Noram’s Hector Lode Claim Group Project as defined under National Instrument 43-101.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V:NRM Frankfurt:N7R OTCBB:NRVTF) 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 Hector Lode in San Bernardino county, California and the Jumbo graphite property in British Columbia. Noram’s long term strategy is to build a multi-national lithium-graphite dominant industrial minerals company to produce and sell lithium and graphite into the markets of Europe, North America and Asia.
Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Mark R. Ireton”
President & Director
Direct: (604) 761-9994
###
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 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 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 information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance 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 events will occur in the disclosed time frames or 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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Noram10192016.pdf
Source: Noram Ventures Inc. (TSX Venture:NRM)
To follow Noram Ventures Inc. on your favorite social media platform or financial websites, please click on the icons below.
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2016 Filing Services Canada Inc.
