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Norra Metals Corp
Symbol NORA
Shares Issued 53,750,173
Close 2020-10-19 C$ 0.18
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Norra plans Bleikvassli drilling, Meraker sampling

2020-10-20 01:03 ET - News Release

Mr. Minaz Devji reports

NORRA METALS PREPARES FOR INAUGURAL PHASE I EXPLORATION PROGRAMS ON PORTFOLIO OF HIGHLY PROSPECTIVE VMS PROJECTS IN NORWAY

Norra Metals Corp. has provided project updates for its 100-per-cent-owned Bleikvassli and Meraker projects.

Bleikvassli project

The company's Bleikvassli project consists of six contiguous exploration licences encompassing 6,000 hectares and includes the past-producing Bleikvassli mine. Operations at Bleikvassli began in 1957 and lasted until 1997, producing in total more than five million tonnes of zinc-copper-lead-silver ore.

This large strategic land package offers significant exploration potential through both brownfield targets within and around the historic mine area, as well as numerous areas across the exploration licences that support prospective geology and mineralized surface anomalies. The project benefits from excellent infrastructure, including paved roads and rail access, as well as a nearby labour force located 50 kilometres away in the industrial mining town of Mo-I-Rana, which provides access to a deepwater port and regional airport.

Norra originally acquired the project from EMX Royalty Corp. in late 2018. Since closing the acquisition, Norra's technical team has completed a significant amount of work to prepare the project for a phase 1 exploration program. To date, the company has conducted a comprehensive review of available historic data for the Bleikvassli mine and incorporated it into a Leapfrog 3-D geological model that compiles both historic assay data from over 650 drill holes, as well as outlines underground workings and the previously mined areas of the deposit. These efforts have allowed the company to gain a better understanding of structural controls on mineralization in and around the Bleikvassli mine area.

Additionally, the company has identified three high-priority drill target areas at the north and south end areas of the historic mine area, as well as at depth underneath the main area of historic mining. The company is currently finalizing plans to conduct a five- to 10-diamond-drill-hole campaign totalling 1,500-metres to test these targets.

Mineralization at Bleikvassli consists of lenses of zinc-copper-lead-silver massive sulphide mineralization, which locally grade into more copper and gold-rich compositions. Mine workings span several levels and extend across 25 kilometres of drifts, raises and shafts.

According to the Norwegian Geological Survey (NGU), historic resources remaining at the time of the mine closure totalled 720,000 tonnes grading 5.17 per cent zinc, 0.27 per cent copper, 2.72 per cent lead, 45 grams per tonne silver and 0.2 g/t gold. The company cautions that it is not aware of the key assumptions or methods, including data verification techniques used by the NGU, to prepare these historic estimates, has not performed sufficient work to verify these published resource numbers, and therefore is not treating the historical estimates as current mineral resources. For more information, please reference the National Instrument 43-101 technical report titled "2019 Technical (NI 43-101) Report on the Bleikvassli Property" dated March 4, 2019, available at SEDAR under the company's profile page or on Norra's website.

Meraker project

The Meraker project comprises 21 contiguous mineral licences totalling 20,000 hectares. It is located 100 kilometres north of the prolific Roros mining district, where more than 30 million tonnes of copper-rich VMS (volcanogenic massive sulphide) material have been mined.

Historic mining within the Meraker project boundaries dates back more than 200 years, and numerous mines produced copper continuously until the early 1900s. The most significant reported production originated from the Lillefjell deposit, which historic records suggest produced 110,000 tonnes of mineralized material grading 5 per cent copper and 4.5 per cent zinc.

The Norwegian Geological Survey's databases of surface rock samples and mineral occurrences both record an abundance of mineralized locations scattered throughout the property, with economically significant values of copper, zinc, gold and silver at multiple locales. The project is accessible through well-maintained roads from the village of Meraker in central Norway. Nearby supplies, labour and an international airport are accessible in the city of Trondheim located to the west.

Based on data compilation and site visits, the company believes that Meraker represents an attractive exploration target that justifies additional work. Specifically, the Lillefjell, Mannfjell and Fonnfjell showings are all subjects of historic volcanogenic massive sulphide production by small-scale miners. Rock and chip sampling by Norra consultants during site visits in 2018 identified very anomalous levels of zinc, copper and gold.

The company is now planning a multiphase exploration program that will include additional field visits for reconnaissance sampling and geological mapping that will be followed up by a diamond drill program to test high-priority targets.

For more information, please reference the NI 43-101 technical report titled "2019 Technical (NI 43-101) Report on the Meraker Property" dated Feb. 27, 2019, available at SEDAR under the company's profile page or on Norra's website.

About Norra Metals Corp.

Norra Metals is a Canadian-based precious and base metal exploration company. The company's Norwegian assets include the past-producing Bleikvassli polymetallic, zinc-copper-lead-silver underground mine project and the high-grade Meraker copper-zinc-gold exploration project. The company also holds a 100-per-cent interest in the Pyramid copper-gold porphyry project located in northwest British Columbia.

Qualified person

This news release was prepared by company management, which takes full responsibility for its content. George Cavey, PGeo, director, is a qualified person as defined by National Instrument 43-101 of the Canadian Securities Administrators, and has reviewed and approved the technical disclosure in this release.

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