Autumn is a high season for miners in this country, and the following is likely just the first of a host of announcements of ambitious projects being comments all over the country, and around the world.
Noram Ventures Inc. (TSX-Venture:NRM), a company aimed at developing lithium deposits and becoming a low - cost supplier, provided investors with the whereabouts of provisional drill holes for a Fall drill program on the Zeus lithium claystone property in Nevada’s Clayton Valley.
The Fall drill program is designed to significantly expand the current resource size.
From reconnaissance geological mapping and sampling, the favorable Esmeralda Formation claystone units are known to be present across the property, either at surface or under a thin veneer of alluvium. The current resource (>900 ppm cut-off) has a footprint of ~2.5 square kilometres.
President C. Tucker Barrie commented: "At Noram, we look forward to expanding our Zeus lithium claystone deposit with this Fall drill campaign.
Barrie is listed as "a Qualified Person with respect to Noram's Clayton Valley Lithium Project as defined under National Instrument 43-101."
NRM shares arrived in Thursday’s noon hour up a penny, or 5.4%, to 19.5 cents, on volume of 726,000 shares.
