Expected To Have Substantial Impact on Future Lithium Resource Calculations
Noram Ventures Inc. (TSXV:NRM) has completed hole CVZ-62 to a total depth of 145m, with visual inspection of the core noting that lithium mineralisation appeared at 22m and extended down to 138m. This surpasses all prior drilling and is the longest intersection to date at the Clayton Valley property in Nevada.
Consulting geologist Brad Peak said a drill hole CVZ-62 is an incredibly encouraging hole for Noram.
“Hole 61 was already one of the thickest intersections of the highly prospective claystones by Noram in all five of their drilling phases. The 116m intersection in CVZ-62 now becomes the thickest claystone intersection by far.
“This much thicker intersection will have profound implications on future resource tonnage calculations.”
Geologists for both Noram and Cypress believe that the deposit is part of the Clayton Valley playa lakebed that has been uplifted to surface by faulting.
With that in mind, the deposit is considered to be a blanket- like layer that is 60 – 100m thick that extends across the property boundary between Noram and Cypress and has yet to be fully defined.
Mr Peaks said holes CVZ-61 and CVZ-62 have continued to add to the resource in the southerly direction and confirm the dip and direction of the resource.
