CDN Maverick Reports on Successful Investment in Noram: Clayton Valley on the Radar Noram Receives Initial Assay Results for Upper Portion of CVZ-62: High of 1900 ppm & Average of 1049 ppm over 90FT (27 m)
CSE: CDN OTCPINK: AXVEF Frankfurt: A117RU
FOR IMMEDIATE RELEASE
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM:
CLAYTON VALLEY ON THE RADAR NORAM RECEIVES INITIAL ASSAY RESULTS FOR UPPER PORTION OF CVZ-62: HIGH OF 1900 PPM & AVERAGE OF 1049 PPM OVER 90FT (27 M)
Vancouver, British Columbia – December 22, 2020 – CDN Maverick Capital Corp. (“Maverick” or the “Company”) (CSE: CDN; OTCPINK:AXVEF; Frankfurt: A117RU) is updating shareholders on its interest in Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) who are pleased to highlight the recent confirmation by Tesla to move its headquarters and future programs to Texas/Nevada immediately. “That, coupled with the very favourable research report by Couloir Capital (https://bit.ly/2J5vV2y) on Noram’s neighbours, Cypress Development Corp., has successfully brought even more attention to size and extent of the economic potential of the area. Noram is perfectly positioned to benefit from the move of this green energy revolution giant into our backyard” stated Anita Algie, CFO and Director.
Noram has also received the initial assay results for drill hole CVZ-62 (shown below). A total of 26 samples were rushed to ALS Global Laboratories of North Vancouver, B.C taken from the first 227 ft (69 m) drilled. From 137 ft (42 m) to 227 ft (69 m) (an intersection of 90 ft or 27 m), the samples contained an average of 1049 ppm lithium. This average is consistent with Noram’s current resource estimate of 124 million tonnes
at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent – “LCE”, Figure 1 below – area highlighted in red) after the completion of the prior 4 phases of drilling.
“The highly prospective clays continue for at least another 207 ft (63 m) below the first 227 ft (69 m) assayed. We anticipate a much greater total thickness of higher-grade mineralization upon receipt of the second set of assays,” commented Brad Peek, consulting geologist and Qualified Person for this and all 4 of the previous drilling phases of Noram’s Zeus lithium property.
The summary of assay results is as follows:
| Hole ID | Sample No. | From (ft) | To (ft) | Depth to Top | Depth to Base | Recvd Wt. (Kg) | Li (ppm) |
|---|---|---|---|---|---|---|---|
| CVZ-62 | 1710144 | 13 | 17 | 3.96 | 5.18 | 0.54 | 630 |
| CVZ-62 | 1710145 | 17 | 27 | 5.18 | 8.23 | 2.2 | 620 |
| CVZ-62 | 1710146 | 27 | 37 | 8.23 | 11.28 | 1.62 | 500 |
| CVZ-62 | 1710147 | 37 | 47 | 11.28 | 14.33 | 2.38 | 580 |
| CVZ-62 | 1710148 | 47 | 57 | 14.33 | 17.37 | 2.66 | 362 |
| CVZ-62 | 1710149 | 57 | 67 | 17.37 | 20.42 | 2.06 | 423 |
| CVZ-62 | 1710150 | 67 | 77 | 20.42 | 23.47 | 2.92 | 550 |
| CVZ-62 | 1710151 | 77 | 87 | 23.47 | 26.52 | 2.98 | 500 |
| CVZ-62 | 1710152 | 87 | 97 | 26.52 | 29.57 | 2.94 | 810 |
| CVZ-62 | 1710153 | 97 | 107 | 29.57 | 32.61 | 2.52 | 640 |
| CVZ-62 | 1710154 | 107 | 117 | 32.61 | 35.66 | 2.94 | 790 |
| CVZ-62 | 1710155 | 117 | 127 | 35.66 | 38.71 | 2.32 | 570 |
| CVZ-62 | 1710156 | 127 | 137 | 38.71 | 41.76 | 3.02 | 770 |
| CVZ-62 | 1710157 | 137 | 147 | 41.76 | 44.81 | 2.54 | 1210 | |
| CVZ-62 | 1710158 | 147 | 157 | 44.81 | 47.85 | 3.02 | 820 | |
| CVZ-62 | 1710159 | 157 | 167 | 47.85 | 50.90 | 3.08 | 930 | |
| CVZ-62 | 1710160 | 167 | 177 | 50.90 | 53.95 | 2.64 | 710 | |
| CVZ-62 | 1710162 | 177 | 187 | 53.95 | 57.00 | 2.24 | 930 | |
| CVZ-62 | 1710163 | 187 | 197 | 57.00 | 60.05 | 3.46 | 810 | |
| CVZ-62 | 1710164 | 197 | 207 | 60.05 | 63.09 | 3.34 | 1900 | |
| CVZ-62 | 1710165 | 207 | 217 | 63.09 | 66.14 | 3.38 | 1010 | |
| CVZ-62 | 1710166 | 217 | 227 | 66.14 | 69.19 | 2.72 | 1120 |
Figure 1. Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill sites completed or in progress (seen in green) to date for the Phase V 2020 program. Proposed drill sites not yet explored indicated in white.
The samples were analyzed by ALS Global Laboratories, North Vancouver, B.C. using the ME-MS61 method, which includes a four-acid digestion. The samples were accompanied by 4 QA/QC sample standards, all of which returned results within their respective normal ranges.
The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43-101.
About CDN Maverick Capital Corp.
CDN Maverick Capital Corp. is a Vancouver-based junior resource company with projects in North America. CDN Maverick is focused on the development of the following mineral properties:
The Ranger Lake Gold Project consists of 1,107 hectares of prospective gold exploration in southern Quebec, Canada.
The Rainbow Canyon Gold Property consists of 417 hectares of prospective gold exploration in the Olinghouse mining district, in the Washoe County Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS
“Sandy MacDougall”
Chairman & Director Phone: (604) 662-7902
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