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VANCOUVER, BC / ACCESSWIRE / February 2, 2021 / Noram Ventures Inc. ("Noram" or the "Company") (TSXV:NRM)(FSE:N7R)(OTCQB:NRVTF) is pleased to announce the completion of CVZ-63 at a depth of 322 ft (98.1 m). Mineralization was intersected at only 22 ft (6.7 m) below surface. This is the most superficial (near surface mineralization) intersection Noram has drilled to date during the Phase V drilling campaign.
"CVZ-63 has a thinner section of good lithium grades since it is on the eastern edge of the basin, but it is interesting to note that the high-grade mineralization starts almost at surface. This result is very significant for our resource model, as it also shows that the higher-grade lithium mineralization also extends to the margin of the basin. 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" commented Brad Peek, consulting geologist and Qualified Person for this and all 4 of the previous drilling phases of Noram's Zeus lithium property. The intersection of 120 ft (36.6 m) of high grade (1121 ppm Li) mineralization between 22 ft and 142 ft (6.7m-43.3m) is considered to be a very significant addition to the project's resource base.
Figure 1a) Strip Log of CVZ-63 outlining the various claystone types encountered at depth from the surface to 322 ft (98.1m)
b) Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill sites completed or in progress (seen in green) to date for the Phase V 2020/2021 program. Proposed drill sites not yet explored indicated in white.
| From (m) | To (m) | Lithology |
| 0 | 6.7 | Surface Gravel |
| 6.7 | 28.0 | Tan Mudstone |
| 28.0 | 39.3 | Blue-Black Mudstone |
| 39.3 | 54.9 | Blue Mudstone |
| 54.9 | 58.5 | Sandy Blue Mudstone |
| 58.5 | 62.2 | Blue Claystone/Mudstone |
| 62.2 | 65.5 | Sandy Blue Mudstone |
| 65.5 | 71.9 | Blue Mudstone |
| 71.9 | 98.1 | Lower Brown Mudstone |
Table 1 - Summary of Figure 1a Strip Log, describing the lithologies of CVZ-63 from surface to depth of 462ft.
| Hole ID | Sample No. | From (ft) | To (ft) | Depth to Top | Depth to Base | Li (ppm) |
| CVZ-63 | 1710195 | 22 | 32 | 6.7 | 9.8 | 1010 |
| CVZ-63 | 1710196 | 32 | 42 | 9.8 | 12.8 | 1090 |
| CVZ-63 | 1710197 | 42 | 52 | 12.8 | 15.8 | 1450 |
| CVZ-63 | 1710198 | 52 | 62 | 15.8 | 18.9 | 1840 |
| CVZ-63 | 1710199 | 62 | 72 | 18.9 | 21.9 | 1320 |
| CVZ-63 | 1710200 | 72 | 82 | 21.9 | 25.0 | 530 |
| CVZ-63 | 1710201 | 82 | 92 | 25.0 | 28.0 | 740 |
| CVZ-63 | 1710202 | 92 | 102 | 28.0 | 31.1 | 1480 |
| CVZ-63 | 1710203 | 102 | 112 | 31.1 | 34.1 | 1120 |
| CVZ-63 | 1710204 | 112 | 122 | 34.1 | 37.2 | 1010 |
| CVZ-63 | 1710205 | 122 | 132 | 37.2 | 40.2 | 840 |
| CVZ-63 | 1710206 | 132 | 142 | 40.2 | 43.3 | 1020 |
| CVZ-63 | 1710207 | 142 | 152 | 43.3 | 46.3 | 860 |
| CVZ-63 | 1710208 | 152 | 162 | 46.3 | 49.4 | 790 |
| CVZ-63 | 1710209 | 162 | 172 | 49.4 | 52.4 | 680 |
| CVZ-63 | 1710211 | 172 | 182 | 52.4 | 55.5 | 580 |
| CVZ-63 | 1710212 | 182 | 192 | 55.5 | 58.5 | 530 |
| CVZ-63 | 1710213 | 192 | 202 | 58.5 | 61.6 | 930 |
| CVZ-63 | 1710214 | 202 | 212 | 61.6 | 64.6 | 870 |
| CVZ-63 | 1710215 | 212 | 222 | 64.6 | 67.7 | 460 |
| CVZ-63 | 1710216 | 222 | 232 | 67.7 | 70.7 | 580 |
| CVZ-63 | 1710217 | 232 | 242 | 70.7 | 73.8 | 500 |
| CVZ-63 | 1710218 | 242 | 252 | 73.8 | 76.8 | 470 |
| CVZ-63 | 1710219 | 252 | 262 | 76.8 | 79.9 | 640 |
| CVZ-63 | 1710220 | 262 | 272 | 79.9 | 82.9 | 490 |
| CVZ-63 | 1710221 | 272 | 282 | 82.9 | 86.0 | 404 |
| CVZ-63 | 1710222 | 282 | 292 | 86.0 | 89.0 | 386 |
| CVZ-63 | 1710223 | 292 | 302 | 89.0 | 92.0 | 398 |
| CVZ-63 | 1710224 | 302 | 312 | 92.0 | 95.1 | 337 |
| CVZ-63 | 1710225 | 312 | 322 | 95.1 | 98.1 | 288 |
Table 2 - Summary of assays for CVZ-63