Noram Lithium Corp. (“Noram” or the “Company”) (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) announces that it has completed an updated Mineral Resource Estimate (“MRE”) for its 100% owned Zeus Lithium Project (“Zeus” or the “Project”), located in the Clayton Valley, Nevada. The updated MRE reflects work carried out on the Project over the last year, including an updated geological model and a Phase VII drilling program completed in January 2024. The work was designed to improve upon the preliminary mine plan optimization work1 which delineated a significant amount of material over 50% higher grade than the mineral resource grade as a “high-grade core” of the Zeus deposit.
Updated MRE Highlights (Pit Constrained at a 525ppm lithium cut-off):
- Indicated Resources2 of 564 million tonnes grading 956 ppm lithium for 2.9 million tonnes of contained Lithium Carbonate Equivalent (“LCE”).
- Additional Inferred Resources2 of 287 million tonnes at 861 ppm lithium; 1.3 million tonnes of contained LCE
- Constraining pit consists of a high-grade core plus a lower grade peripheral halo.
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