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Noram and Alba release new drill results for Clayton Valley lithium project
Noram Ventures (CVE:NRM) and Alba Minerals (CVE:AA) have released the last batch of drill core sample results from the 46-hole phase 1 drilling program on the Zeus portion of the Clayton Valley lithium project in Nevada.
The Zeus claims are located within 1.25 miles of Albemarle’s Silver Peak lithium mine, the only lithium-brine producing mine in North America.
The last group of 16 holes reported herein consisted of 228.1 meters (748 feet) of core drilling with an average hole depth of 14.3 meters (46.8 feet) and core sampling done primarily on 1.22 meter (4-foot) intervals.
The lithium content of the 191 samples from the last 16 holes had an interval-weighted average of 613.9 parts per million with a minimum value of 163 ppm and a maximum value of 2,380 ppm.
The minimum and maximum values were collected over 1.22 meter intersections. The samples had a median value of 560 ppm lithium.
Collectively, the weighted average lithium value in this last batch of drill core samples approximated the average value of previously reported surface samples of 621 ppm.
“We are extremely pleased with the results from our Phase 1 drilling program and expect to have our initial lithium resource estimate completed shortly,” said Mark Ireton President and CEO of Noram.
“The Phase 1 results will also be instrumental in planning our Phase 2 drilling program that will encompass the Spartan and Hades claims and enable us to determine the lithium potential of our entire South Block property.”
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/175606/noram-and-alba-release-new-drill-results-for-clayton-valley-lithium-project-175606.html
