Alba Minerals Ltd. (“Alba”) has been advised by Noram Ventures Inc. (“Noram”) that the drill program on the Clayton Valley, Nevada, lithium claims has been completed by its wholly owned subsidiary, Green Energy Inc. (“Green”). As has been disclosed in previous Alba Releases the claims are the subject of an agreement between the Company, Noram and Green pursuant to which Alba can earn a 50% interest in the claims. Alba has completed the payment to Green of the first CDN$255,000 as a result of which it has earned a 25% interest in the Clayton Valley claims.
Noram’s advice is that the drill program consisted of 658.4 meters (2,160 ft.) of core drilling over 46 holes with an average hole depth of 14.3 meters (47 ft.). Drilling was focused on Green’s South Block claims with 45 holes drilled in the main target area that measures approximately two and a half miles (4.1km) by one and a half miles (2.4 km) on the Zeus claims and border of the Zeus Extension claims. One additional hole was drilled on the adjacent Hades claims around the historical shaft where lithium values over 1,000 ppm were sampled from the spoil pile.
All drill core has been logged and sampled with a total of 421 samples having been shipped to ALS Labs in Reno, NV for analysis.
Noram’s consulting geologist, Brad Peek said “The drilling program went well overall. Good core recovery was achieved in spite of the difficulties involved in drilling through the soft sediments”.
Noram has also reported that previous surface samples (November 3rd, 2016) from the main target area returned a maximum value of 1,670 ppm lithium with an average value of 621 ppm lithium over 77 samples.
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Alba Minerals Ltd.
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