December 14, 2023
Noram Lithium Corp. (TSXV:NRM, BUY, C$5.50 target, Alina Islam and David A. Talbot) announced that it has completed the third hole (CVZ-84) of its 10-hole (~2,200m) drill program, currently underway at its 100%-owned Zeus Li-clay project in Clayton Valley, Nevada. CVZ-84 is the deepest hole (~307m) completed at the project to date. The hole was completed in an area that has previously seen thick, high-grade intercepts and was drilled on the southeast side of an interpreted northeast-trending fault. It encountered mudstone from <50m below surface and volcanics at >200m depth, confirming the hypothesis that the fault may have acted as the mineralizing structure. While assays are pending, we note that the presence of mudstone and volcanics is often associated with high-grade Li values at Zeus. Drill rigs have now moved back to the north of the interpreted fault to complete holes CVZ-87 and CVZ-88. Read more
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Noram Lithium Corp. – TSXV:NRM
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