Noram Ventures (TSX-V: NRM / OTCBB US: NRVTF / Frankfurt GR: N7R) is a junior mining exploration company, based in Vancouver; B.C. Noram’s principal focus is to acquire and advance lithium properties globally, with its flagship property located in Clayton Valley, Nevada.
Zeus Property, Clayton Valley
The Zeus property is approximately halfway between Las Vegas and Reno; and within two kilometers of Albemarle Corporation’s lithium brine producing operations (Silver Peak Mine). The property is comprised of 1,214 hectares which is the equivalent of 3,000 acres.
Following the Phase IV drill program in November 2019, the Zeus Property has a new resource estimate. At a 900 ppm lithium cut-off, the Zeus deposit has 124 million tonnes at 1136 ppm lithium as indicated resources, and 77 million tonnes lithium at 1045 ppm lithium as inferred resources, for a total of 201 million tonnes at 1101 ppm lithium (1.18 million tonnes lithium carbonate equivalent – “LCE”).
Qualified Person: Bradley C. Peek, MSc., CPG
Qualified Person: C. Tucker Barrie, Ph.D., P. Geo.