CSE: CDN
OTCQB: AXVEF
Frankfurt: A117RU
FOR IMMEDIATE RELEASE
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM:
NORAM RECEIVES ASSAY RESULTS FOR LOWER PORTION OF CVZ-62:
HIGH OF 1900PPM & AVERAGE OF 1113PPM LI OVER 290FT (88M)
Vancouver, British Columbia - January 28, 2021 - CDN Maverick Capital Corp. ("Maverick" or the "Company") (CSE: CDN; OTCQB:AXVEF; Frankfurt: A117RU) is updating shareholders on its interest in Noram Ventures Inc. ("Noram") (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) who pleased to announce that the Company has received the second half of the results for CVZ-62.Noram had previously received the assay results for the upper portion of drill hole CVZ-62.The 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.
With the receipt of the results from the lower portion of CVZ-62, Noram has been able to conclude that a total intersection of 290 ft (88M) was drilled with an average of 1113 ppm lithium.
"This is one of the longer intervals of claystones to date and will contribute significantly to the resource calculation. We are exceptionally pleased with these results" commented Brad Peek, consulting geologist and Qualified Person for this and all 4 of the previous drilling phases of Noram's Zeus lithium property.
This average is consistent with Noram's current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resource, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resource (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent - "LCE", area shown in red below) after the completion of the prior 4 phases of drilling.
The summary of assay results is as follows:
Hole | Sample | From | To | Depth to | Depth to | Recvd Wt. | Li |
ID | No. | (ft) | (ft) | Top | Base | (Kg) | (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 |
CVZ-62 | 1710170 | 227 | 237 | 69.2 | 72.2 | 3.00 | 950 |
CVZ-62 | 1710171 | 237 | 247 | 72.2 | 75.3 | 1.56 | 1030 |
CVZ-62 | 1710172 | 247 | 257 | 75.3 | 78.3 | 3.02 | 1390 |
CVZ-62 | 1710173 | 257 | 267 | 78.3 | 81.4 | 3.30 | 1180 |
CVZ-62 | 1710174 | 267 | 277 | 81.4 | 84.4 | 3.20 | 1170 |
CVZ-62 | 1710175 | 277 | 287 | 84.4 | 87.5 | 1.98 | 1430 |
CVZ-62 | 1710176 | 287 | 297 | 87.5 | 90.5 | 3.06 | 1350 |
CVZ-62 | 1710177 | 297 | 307 | 90.5 | 93.6 | 3.16 | 1190 |
CVZ-62 | 1710178 | 307 | 317 | 93.6 | 96.6 | 1.88 | 1170 |
CVZ-62 | 1710179 | 317 | 327 | 96.6 | 99.7 | 1.46 | 1510 |
CVZ-62 | 1710180 | 327 | 337 | 99.7 | 102.7 | 2.72 | 940 |
CVZ-62 | 1710181 | 337 | 347 | 102.7 | 105.8 | 2.68 | 1250 |
CVZ-62 | 1710182 | 347 | 357 | 105.8 | 108.8 | 2.98 | 910 |
CVZ-62 | 1710183 | 357 | 367 | 108.8 | 111.9 | 2.32 | 810 |
CVZ-62 | 1710184 | 367 | 377 | 111.9 | 114.9 | 2.46 | 1040 |
CVZ-62 | 1710185 | 377 | 387 | 114.9 | 118.0 | 2.02 | 1130 |
CVZ-62 | 1710186 | 387 | 397 | 118.0 | 121.0 | 1.20 | 1110 |
CVZ-62 | 1710187 | 397 | 407 | 121.0 | 124.1 | 2.94 | 1050 |
CVZ-62 | 1710188 | 407 | 417 | 124.1 | 127.1 | 3.58 | 1070 |
CVZ-62 | 1710189 | 417 | 427 | 127.1 | 130.1 | 2.80 | 1170 |
CVZ-62 | 1710190 | 427 | 437 | 130.1 | 133.2 | 2.52 | 780 |
CVZ-62 | 1710191 | 437 | 447 | 133.2 | 136.2 | 2.86 | 750 |
CVZ-62 | 1710192 | 447 | 457 | 136.2 | 139.3 | 2.60 | 770 |
CVZ-62 | 1710193 | 457 | 467 | 139.3 | 142.3 | 2.60 | 760 |
CVZ-62 | 1710194 | 467 | 477 | 142.3 | 145.4 | 2.54 | 790 |
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, 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 gold properties:
The Ranger Lake Gold Project consists of 1,107 hectares of prospective gold exploration in southern Quebec, Canada.
The Rainbow Canyon Gold Project consists of 668.86 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
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such forward - looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company's actual results
to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward- looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.
Neither the Canadian Securities Exchange ("CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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CDN Maverick Capital Corp. published this content on 28 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2021 14:13:08 UTC.