Noram Hails Upcoming Nevada Projects, Stocks Travel Higher

Noram Hails Upcoming Nevada Projects, Stocks Travel Higher

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, February 26, 2020

Stocks throughout North America are coming out of the rubble of Monday and Tuesday’s heavy losses, and one Vancouver-based junior miner in particular is celebrating. 

Noram Ventures Inc. (TSX-Venture:NRM) announced plans for Phase 5 drilling for the Zeus Lithium Project in Clayton Valley, Nevada, following the successful Phase 4 drill program that significantly increased the resources. Phase 4 drilling and earlier results were used for a new resource estimate: 124 million tonnes at 1,136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1,045 ppm lithium as Inferred Resources, for a total of 201 million tonnes at 1,101 ppm lithium. 

The Phase 5 drill program is slated for 1,440 metres, comprising 12 drill holes at 120 m depth each. The drill program will have both infill and step-out drill collar locations, with the intent of upgrading Indicated and Inferred Resources into Measured and Indicated Resources; and to expand the deposit to the south and east of the current resource. 

Shares in NRM triumphed by noon hour EST Wednesday 3.5 cents, or 31.8%, to 14.5 cents, on volume of 593,000 shares. 



 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

This Junior Gold Explorer is Soaring Last 3 Months
Energy Stocks, Like STEP, High-Step on COVID Measures, Oil Production News
Two Energy Concerns Take Center-Stage
N.Y.-based Company Dedicated to Cleaning up Air


Back to Top