Posted August 4, 2020
The Albemarle Corporation operation at Silver Peak, Nevada, within the Clayton Valley, is the only lithium brine production in North America. Brines containing lithium are pumped from wells that penetrate the playa sediments. The brines are concentrated through a series of evaporation ponds and the resulting salts are processed to extract lithium at the plant at Silver Peak.
Following the lithium price rise in recent years, several exploration companies became interested in the Clayton Valley resulting in several thousand new claims being staked surrounding the Albemarle land holdings. In early 2016 Harrison Land Services became aware of some unclaimed land near the Albemarle land holdings. Harrison Land Services was put in touch with Noram Ventures, who eventually funded the staking program that eventually resulted in their current claim position.
Noram originally acquired a land position in Clayton Valley consisting of 888 placer claims. The land package covered 17,738 acres (7,178 hectares). That initial land holding has now been reduced to a primary holding of 150 Zeus placer and 140 Zeus lode claims that cover approximately the same ground. Each claim covers an area of 20 acres (8.1 hectares) and the claims are in one contiguous group. There have been no previous owners or previous production from the properties.
The perimeter of Noram’s claims are located within 1 mile (1.6 kilometers) of the Albemarle Silver Peak lithium brine operations. Between Albemarle’s operation and Noram’s land position lie properties held by Pure Energy Minerals Limited, Cypress Development Corporation and Enertopia Corporation.
Noram Ventures has conducted exploration for lithium on the property since the spring of 2016. Exploration has included three phases of surface sampling, three phases of core drilling and metallurgical testing.
July 22, 2020, Noram Ventures announced that they are preparing to submit a permit to the Bureau of Land Management for a Fall drilling program.
Sources: Historical mining information provided by the NI 43-101 Technical Report Updated Inferred Lithium Mineral Resource Estimate by Bradley C. Peek, MSc., CPG and C. Tucker Barrie, Ph.D., P. Geo.
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