Noram Completes Technical Report on Jumbo and Kokanee Graphite Properties in British Columbia
March 11, 2013 (Source: Marketwatch) Vancouver, BC — Noram Ventures Inc. (NRM – TSX Venture), is pleased to report the completion of a National Instrument (NI) 43-101 Technical Report on the Jumbo and Kokanee flake-graphite properties, located in the Central Kootenay Region of southeastern British Columbia
(See Figure 1)
Highlights of the Technical Report include:
The Kokanee Property
The 2012 drill testing of the Kokanee property (the “Kokanee”) for a graphite resource established the down-dip depth of graphitic mineralization to be 100 to 150 meters (m) and the strike length of the graphite horizon to be 1,200m.
Using a cut-off of 1% graphite the area drilled shows a potential of 15,000,000 to 22,500,000 tonnes grading 1.65 to 1.80% graphite. It must cautioned that: the potential tonnage and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource; it is uncertain if further exploration will result in discovery of a mineral resource; and a 1% cut-off was selected for the resource estimate based on the current value of flake graphite.
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Additionally, there is potential to add resource along strike approximately 500m to the north and a minimum of 300m to the southwest of the area drilled. The Zone is also open down-dip. See Figure 8a for a plan view of the potential resource area showing the location of the 2012 drill hole collars and the eight proposed drill holes that are recommended to classify this area of the Kokanee as a NI 43-101 mineral resource.
The Jumbo Property
There is no record of mineral exploration on the large, 10,539 hectare (>100 square kilometer) Jumbo property (the “Jumbo”), however, drill testing for a potential graphite resource is recommended based on the results of exploration work completed by the Company in 2012.
Geological mapping and surface sampling carried out as follow up to a SkyTEM airborne electromagnetic (EM) survey identified an overall strike length of 35 kilometers (km) of favourable graphite horizon. A sinuous conductive (EM anomaly) feature from a few hundred meters to 2km wide appears to be outlining a tightly folded sedimentary horizon.
Rock chip samples collected on the Jumbo indicate grades ranging from 0.5% to 7.3% graphite.
There is every indication that the Jumbo can host a significant resource of commercial grades of flake graphite. Three specific areas have been identified as primary targets and sufficient work has been done to select 16 targets for initial drill testing in two phases.
See Figure 8b: for a plan view of the Jumbo showing the favourable graphite horizon, the primary target areas and the proposed phase I & II drill holes that are recommended.
John R. Kerr, P.Eng. and Qualified Person as defined in NI 43-101, has reviewed and approved the technical content of this news release on behalf of the Company. The NI 43-101 Technical Report referred to in this release is now available under the Company’s profile on www.sedar.com
Noram Ventures Inc. is a Canadian based mineral exploration company with a project generator business model. The Company’s strategy is to identify and acquire early-stage properties that offer large-scale resource potential, and create value through the initial drilling and discovery phase. Noram’s current focus is on three properties in the Central Kootenay region of Southeastern British Columbia: the Jumbo Flake-Graphite Property, the Kokanee Flake-Graphite Property and the Silver Hill Molybdenum-Galena Property.
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