Noram Prepares to Drill Second Potential High-Grade Zone at Zeus Lithium Project

VANCOUVER, BC / ACCESSWIRE / November 7, 2023 / Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is providing an update on its 100% owned Zeus Lithium Project ("Zeus" or the "Project"), located in Clayton Valley, Nevada.

The Company recently completed a geological review of the Project using geological consultants from Big Rock Exploration ("BRE" - see news release dated October 30, 2023). During September and October, a number of important tasks were completed by BRE, including regional and district scale geological mapping and reviewing drill core from holes within the high-grade core area.

The results of the work highlighted the potential for multiple high-grade layers below the known high-grade layer which outcrops at surface and is the focus of the current mine planning for the Project (Figure 1). The geological theory for the formation of the Zeus deposit is analogous to the model developed for Lithium America's Thacker Pass project.

Figure 1 - Zeus cross-section showing potential second high-grade layer drill target areas.

Foto: Accesswire

"We are very excited to be working with Big Rock Exploration" stated Sandy MacDougall, Executive Chairman of Noram. "The Project area boasts enormous potential in the lithium space. BRE will be overseeing the next program as we drill to validate our theory that a second notable high-grade layer exists below the existing one that has been well-defined; the significance of which is immense for Noram and their shareholders. The drill program will be fully funded from our existing cash balance of C$8.9 million¹."

Phase VII Drill Program

The Company has further engaged BRE to design and manage the upcoming drill program. In total, the Company plans to drill up to ten holes with a total of approximately 2,200 meters for the Phase VII program. The holes have been designed to accomplish a number of objectives, including:

• Testing for the presence of a second high-grade layer;
• Increasing the drill density in the high-grade core of the deposit, and
• Step-out drilling to the south-east and north-west to validate the geological model.

The Company has executed a contract with Titan Drilling who are preparing to mobilize to the project site in the coming weeks. The drilling will be carried out under an amendment to the Notice of Intent filed with the Bureau of Land Management. It is expected the Phase VII program will be complete by the end of 2023.