Norra Metals Corp V.NORA.H

Alternate Symbol(s): NRRMF

Norra Metals Corp. is a Canada-based precious and base metals exploration company. The Company’s principal business activities include the acquisition and exploration of resource properties. Its Norwegian assets include the Bleikvassli polymetallic, zinc-copper-lead-silver underground mine project and the Meraker copper-zinc- gold exploration project. It also holds a 100% interest in the Pyramid copper-gold porphyry project located in Northwest British Columbia. The Pyramid Property is located approximately 65 kilometers (kms) north of Dease lake in north-west British Columbia. The Company’s Bleikvassli property is composed of the last copper-zinc-silver-gold producing mine across six contiguous exploration licenses totaling 60 square kilometers (sq.km) of area in the Hemnes Municipality of the Nordland Fylke Province of Norway. The Meraker property is composed of approximately 21 contiguous mineral licenses totaling 206 sq. km in the Meraker municipality of Trondelag County, Norway.

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Norra Metals Corp

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Comment by bplondonon Mar 09, 2012 11:17pm

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Post# 19652543

RE: RE: RE: RE: RE: RE: RE: Canasil's Carina Proje

I don't believe that the Carina project means anything to Orko financially, at least if Pan American takes over Orko. I spoke with George Cavey at PDAC on Tuesday and when I questioned him about this he replied that there was something in the PAA/Orko JV agreement relating to adjacent properties being essentially rolled into the JV. But there was no suggestion from him that this would benefit Orko in any way, quite the contrary.

I guess the question (and I did not ask him this-not quick enough on my feet) would be whether once PAA has assigned it to Orko if it can rescind and take that back. If that's not the case, then the assignment should technically be a strong indicator of PAA's interest in Orko at this stage.

Cavey also told me that PAA is drilling both the Canasil property and the Orko property right now and that Orko will be releasing a revised PEA and resource estimate by the end of March. He seemed confident that something would be forthcoming from PAA and thought that it would happening before April 12 as PAA has not, as of yet, indicated that they will excercise the extension.

I'm still skeptical of this as I work in an industry where extensions are commonly requested and those requests generally do not come until right before the deadline. We shall see.

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