Noram Engages Geologist to Supervise Its Sampling Program on Its Arizaro East Project in the Argentina “Lithium Triangle”
The 2,709 hectares lithium brine-clay prospect is located within the Salar de Arizaro in Salta Province, Argentina
Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R OTCBB: NRVTF) (“Noram” or the “Company”) is pleased to announce that further to its news release on (November 23) it has enganged Gonzalo Javier Montebelli as Exploration Geologist and will supervise the surface and sub-surface sampling on its 2,709 hectares Arizaro East mineral claim located in the eastern portion of the Salar de Arizaro in north-western Argentina in Los Andes Department, Salta Province (see: photo/map).
Noram has accelerated the sampling program which is scheduled to be completed during December, with results published in January 2018. Noram’s exploration team will use the town of Tolar Grande as its logistical base. The focus of the surface and sub surface sampling will be in the area of Arizaro East claim located in Salar de Arizaro (see: map).
The company has developed a surface and sub surface plan for a Phase 1 exploration program on the 2,709 hectares as a function of the currently approved Environmental Impact Assessment (“EIA”) that enables basic geophysical and geotechnical exploration of shallow depth.
Mark Ireton said, “We are very pleased to have been able to accelerate the sampling program which was originally scheduled for Q1 2018, the intial sampling results will assit our geological and exploration team to access next steps in a more comprehensive work program for 2018.”
- The basin is composed of a predominantly halite core, similar to Hombre Muerto (FMC) , Rincon (Enirgi) and Atacama in Chile (SQM & Albermarle)
- Noram’s Arizaro project comprises 2,709 hectares lithium brine-clay prospects
- Companies in the Arizaro area include Lithium X, Eramet, Sentient and REMSA (Salta Government)
Location & Infrastructure
- The Arizaro salt lake covers approximately 200,000 hectares, making it the third largest in the world
- One of the few unexplored salars located within the “lithium triangle”
- The arrival of gas to the area will help companies develop metallic lithium, sodium carbonate and hydrochloric acid, plus gold, silver, lithium, borates, salt and perlite.
- The area is the focus of near term infrastructure upgrades as a result of the developments of Taca-Taca (First Quantum) and Lindero (Fortuna Silver)
About Noram Ventures Inc.
Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R OTCBB: NRVTF) is a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits and becoming a low-cost supplier for the burgeoning lithium battery industry. The Company’s primary business focus since formation has been the exploration of mineral projects that include lithium projects in the Clayton Valley in Nevada, the Arizaro East mineral claim located in the eastern portion of the Salar de Arizaro in north- western Argentina and the Jumbo graphite property in British Columbia. Noram’s long term strategy is to build a multi-national lithium-graphite dominant industrial minerals company to produce and sell lithium and graphite into the markets of Europe, North America and Asia.
Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Mark R. Ireton”
President & Director
Direct: (604) 761-9994
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. 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.
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Source: Noram Ventures Inc. (TSX Venture:NRM, OTC Pink:NRVTF, FWB:N7R)
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