Noram Ventures Inc (CVE:NRM) and Alba Minerals Ltd. (CVE:AA) announced a new round of drilling on Thursday on the Clayton Valley lithium project.
Drilling in 2016-2017 on the Clayton Valley project successfully outlined a significant lithium clay resource to an average depth of just 50 feet (15.24 meters).
Many of the drill holes ended in significant mineralization, and there is the potential to expand the deposit to greater depths, Noram and its partner believe.
Pending new drill permits, a recently constructed drilling rig will test to a depth of 300 feet (91.44 meters) on nine of the drill sites within the inferred resource boundary.
There will be a second phase of eleven drill holes designed to expand the resource outside the inferred resource boundary along strike to the southwest and northeast.
“We are excited to commence drilling again at Clayton Valley. There is ample room for expansion at depth and along strike near the presently outlined resource. We are also keen on gaining a better understanding on non-hectorite lithium enrichment of the resources, as discussed by Cypress Development Corp. regarding their adjoining lithium property,” said Mark Ireton, the president and chief executive officer of Noram.
“Initial testing by Cypress indicated a significant portion of the lithium is water-soluble. If this is the case with our deposit, this could significantly reduce the cost of extraction technologies,” he added.