Noram Lithium Corp. ('Noram' or the 'Company') (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is providing a third and final update from its Phase VII drilling program underway at is 100% owned Zeus Lithium Project ('Zeus' or the 'Project'), located in Clayton Valley, Nevada.
Consistent layer of high-grade (+1,500 ppm Li) material 2 to 10 meters thick over 2.5 kilometers of strike length along the high-grade core.
'The final set of results from the Phase VII drill program further proves our geological thesis for the Zeus deposit and has expanded the high-grade mineralization' stated Greg McCunn, CEO of Noram. 'The high-grade core of the deposit shows excellent continuity over a volume of material 1km wide x 2.5km long and 100m deep, starting from surface. This volume will form the basis for our mine plan for the project engineering going forward, following an update to the Mineral Resource Estimate being compiled by SRK Consulting.'
In November 2023, the Company announced a ten-hole drill program at Zeus which was designed to test for the presence of a second high-grade layer, increase the drill density in the high-grade core of the deposit and complete step-out drilling to the south-east and north-west to validate the geological model (see news release dated November 21, 2023). The drilling program was completed in late January with 10 holes drilled for a total of 2,060 meters of diamond core drilling.
Assay results from the first two holes of the program, CVZ-082 and CVZ-083, were previously released and showed step out drilling to the north-west has validated the geological model and expanded upon the known high-grade core of the deposit.
Assay results from three further holes, CVZ-087, 088 and 089, were released (see news release January 25, 2024). These holes showed deeper drilling in the high-grade core had extended the high-grade mineralization, concentrated in the black, sulphidic clay layer below previous drilling depth.
Assay results from the four holes highlighted above confirm and expand on the previously announced holes in the high grade core.
With all results now received, the Company expects to update its Mineral Resource Estimate based on the Phase VII drilling and the geological modelling work completed in Q3 2023.
About Noram Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is focusing on advancing its 100%-owned Zeus Lithium Project located in Clayton Valley, Nevada an emerging lithium hub within the United States. With the upsurge in the electric vehicle and energy storage markets the Company aims to become a key participant in the domestic supply of lithium in the United States. The Company is committed to creating shareholder value through the strategic allocation of capital.
Cautionary Statement Regarding Forward Looking Information
This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, plans for ongoing development of the Zeus Lithium Project. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes, results of further exploration work, and availability of capital on terms acceptable to the Company. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.
NORAM LITHIUM CORP. 
