Sign up USA
Proactive Investors - Run By Investors For Investors

Noram Ventures set for further drilling at Clayton Valley lithium project

The expanded exploration core drilling program will begin in the first quarter of 2018 once the permitting is in place
Noram Ventures set for further drilling at Clayton Valley lithium project
Clayton Valley is in Nevada

Noram Ventures Inc (CVE:NRM) and partner Alba Minerals are set to expand drilling at the Clayton Valley lithium project in Nevada.

They have applied to the Bureau of Land Management (BLM) for an expansion of the initial prospecting permit.

"We are pleased to be expanding our drilling program after the encouraging results from our recently published NI 43-101," said Mark Ireton, chief executive and president.

"We are progressing well and particularly pleased with results given the small five-acre footprint explored out of a total of 12,920 contiguous acres. The expanded exploration core drilling program will begin in the first quarter of 2018 once we receive BLM permits."

Noram said 20 holes were planned in three areas to extend the 46-hole phase 1 drilling program completed earlier this year.

Four holes in area 1 adjacent to the borehole on the Hades claims and four holes in area 2 on the Zeus extension claims.

Areas 1 and 2 each received one  hole during the first round with assays, encouragingly, up to 1,290 parts per million (ppm) lithium.

The other 12 holes will be sunk in area 3 and are designed to infill and expand upon the close-spaced drilling that formed the basis of the maiden inferred resource estimate previously announced on the Zeus claim block.

View full NRM profile View Profile

Noram Ventures Timeline

Related Articles

farming tractor at work in a crop
April 10 2018
The front end engineering design (FEED) confirmed a post-tax NPV of US$902 million.
March 06 2018
Production at Thalanga is forecast to grow more than 50% between 2018 and 2019.
Picture of gold bar
March 20 2018
Dandoko is in the Kenieba inlier where more than 50-million ounces of gold have been discovered.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use