Tuesday, June 28, 2022
HomeInvestingNoram Lithium Drills 260 feet of one,185 ppm Li at Zeus

Noram Lithium Drills 260 feet of one,185 ppm Li at Zeus


Mr. Sandy MacDougall stories

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

Noram Lithium Corp. has effectively finished CVZ-79 (PH-05) and launched the general assay effects. The corporate finished core hollow CVZ-79 at a intensity of 503 ft (153.3 metres). Sampling for assay started at 30 feet (9.1 m) and endured to the ground of the outlet, an period thickness of 260.0 feet (79.2 m) used to be intersected from 100 feet (33.5 m) to 360 feet (109.7 m). The opening resulted in mineralization and the weighted reasonable lithium values provide have been as displayed within the hooked up desk.

“CVZ-79 used to be some of the holes close to the jap fringe of Noram’s Zeus assets. At this location, it’s expected that it’s going to upload considerably to Noram’s indicated lithium useful resource and can reassign a big portion of the present inferred useful resource into the indicated class,” feedback Brad Peek, vice-president of exploration and geologist on all six stages of Noram’s Clayton Valley exploration drilling.

The samples have been analyzed by way of the ALS laboratory in Reno, Nevada. High quality assurance/high quality regulate samples have been incorporated within the pattern batch and returned values that have been inside their anticipated levels.

The technical data contained on this information unencumber has been reviewed and authorized by way of Brad Peek, MSc, CPG, who’s a professional particular person with appreciate to Noram’s Clayton Valley lithium challenge as outlined underneath Nationwide Tool 43-101.

About Noram Lithium Corp.

Noram Lithium is a well-financed Canadian-based complex lithium development-stage corporate with not up to 90 million stocks issued and a completely financed treasury. Noram is aggressively advancing its Zeus lithium challenge in Nevada from the development-stage stage in the course of the of completion of a prefeasibility learn about in 2022.

The corporate’s flagship asset is the Zeus lithium challenge, positioned in Clayton Valley, Nevada. The Zeus challenge incorporates a present Nationwide Tool 43-101 measured and indicated useful resource estimate of 363 million tonnes grading 923 portions in keeping with million lithium, and an inferred useful resource of 827 million tonnes grading 884 ppm lithium using a 400 ppm Li cut-off. In December, 2021, a powerful PEA (initial financial evaluation) indicated an after-tax internet provide worth (8 in keeping with cent) of $1.3-billion (U.S.) and inner fee of go back of 31 in keeping with cent the use of $9,500 (U.S.)/tonne lithium carbonate identical (LCE). The use of the LCE long-term forecast of $14,000 (U.S.)/tonne, the PEA signifies an NPV (8 in keeping with cent) of roughly $2.6-billion (U.S.) and an IRR of 52 in keeping with cent at $14,250 (U.S.)/tonne LCE.

Please seek advice from our internet web site for additional data: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Leader Govt Officer and Director
C: 778.999.2159

For additional info please touch:
Peter A. Ball
President and Leader Running Officer
peter@noramlithiumcorp.com
C: 778.344.4653

Neither the TSX Mission Change nor its Legislation Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Mission Change)accepts duty for the adequacy or accuracy of this unencumber. This information unencumber might include forward-looking data which is notcomprised of historic info. Ahead-looking data comes to dangers, uncertainties and different elements that would purpose precise occasions, effects,efficiency, potentialities and alternatives to fluctuate materially from the ones expressed or implied by way of such forward-looking data. Ahead-looking data on this information unencumber comprises statements referring to, amongst different issues, the of completion transactions finished in theAgreement. Components that would purpose precise effects to fluctuate materially from such forward-looking data come with, however don’t seem to be restricted to,regulatory approval processes. Even though Noram believes that the assumptions utilized in making ready the forward-looking data on this newsrelease are cheap, together with that every one vital regulatory approvals shall be bought in a well timed method, undue reliance must now not be placedon such data, which simplest applies as of the date of this information unencumber, and no assurance will also be for the reason that such occasions will happen in thedisclosed time frames or in any respect. Noram disclaims any aim or legal responsibility to replace or revise any forward-looking data, whether or not as aresult of latest data, long run occasions or another way, rather than as required by way of acceptable securities rules. *Up to date Lithium Mineral ResourceEstimate, Zeus Mission, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Initial Financial Overview Zeus Mission, ABHEngineering (December 2021).

Click on right here to hook up with Noram Lithium (TSXV:NRM; OTCQB:NRVTF; FRA:N7R) to obtain an Investor Presentation

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