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Noram has released a new resource estimate which defined a high-grade core zone at the Zeus project in Nevada’s Clayton Valley. Credit: Noram Lithium
The higher-grade core hosts an indicated resource of 166 million tonnes grading 1,121 ppm lithium. The core includes 54 million tonnes of material averaging 1,496 ppm lithium, 49 million tonnes of medium-grade material at 1,108 ppm lithium and 64 million tonnes of low-grade material averaging 814 ppm lithium.
The high-grade core is expected to underpin engineering studies at the 11.3-sq.-km Zeus project going forward, Noram CEO Greg McCunn said in a statement. The news pushed the share price to C14¢ apiece Thursday, but it is still down 78% over the past 12 months. It has a market capitalization of C$12.5 million .
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