Noram Ventures (TSXV: NRM) this morning announced the completion of drill hole CVZ-63, for which the company has now received assays for. Drilled to a total depth of 98.1 metres, the company reported 36.6 metres of mineralization with an average lithium content of 1121 ppm lithium.
The hole is located on the eastern edge of the lithium basin, however strong grades were still reported with high-grade mineralization starting near-to surface. Lithium was reported as being present for the length of the hole, however stronger values were located at the top of the core.
Results are significant, as they demonstrate that strong mineralization extends right to the edges of the basin on the property. Of note is the intersection between 6.7 metres and 43.3 metres within the core, where 1121 ppm lithium is found within the mudstone.
“The tan mudstone/claystone present in CVZ-63 is apparently equivalent to the olive mudstone/claystone seen in other parts of the project and is also equivalent in lithium grade.”
Brad Peek, Consulting Geologist
The full data from the core results can be found here.
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Noram Ventures last traded at $0.83 on the TSX Venture.
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