VANCOUVER, BC / ACCESSWIRE / August 31, 2016 / Noram Ventures Inc. (TSXV:NRM; Frankfurt: N7R) (“Noram” or the “Company”) is pleased to announce the completion of an intial water resources study on its lithium brine/clay project in Nevada’s Clayton Valley (see Figure 1).
The Study identified various water sources and delivery methods for use during exploration through to full project development scenarios. The Study includes a breakdown of the existing ownership of water rights and available volumes in the area, their cost for lease or acquisition, and the cost for infrastructure and delivery of the actual water to the project area.
As previously announced August 2, 2016, Noram is currently working with Membrane Development Specialists LLC(“MDS”) to substantiate the recovery yield of lithium carbonate directly from the lithium-rich claystones found on Noram’s South Block claims. The initial bench testing of MDS’s multiple membrane separation process includes dissolving the lithium clays in leach solution and separating the lithium carbonate from the claystones using less water than other extraction processes. Additionally, the process recovers the water and reagents utilized to liberate the Li for reuse. The MDS process is expected to reduce the environmental impact and carbon footprint as compared with conventional extraction methods. It is Noram’s intention to significantly mitigate political and environmental impact to the fresh water aquifer in the Clayton Valley, which every extraction process is decided upon.
This Study is an integral part of the Company’s ongoing predevelopment scoping process and may be updated as additional information becomes available.
Mark Ireton, President of Noram, said, “This water study will be instrumental in providing a path forward to secure water rights for exploration and development at our Clayton Valley lithium brine/clay project. The study also provides important information that will be included in our initial National Instrument (NI) 43-101 technical and preliminary economic assessment reports.”
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