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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.


TSXV:NORA.H - Post by User

Norra Metals Corp
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Comment by Majormac79on Sep 04, 2012 9:50pm
274 Views
Post# 20317420

RE: Goldcorp,Fresnillo,RE: RE: RE: RE: Goldcorp

RE: Goldcorp,Fresnillo,RE: RE: RE: RE: Goldcorp

Exploration objectives for our Coneto Silver-Gold Project are similar to our sister project - Orko Silver Corp's La Preciosa Silver-Gold Deposit. Orex is exploring for a target deposit size of more than 100 million oz of silver equivalent.

ASSOCIATION AGREEMENT WITH FRESNILLO PLC

Orex has signed an Association Agreement with Fresnillo PLC to explore the Coneto Silver-Gold Project. Orex and Fresnillo hold extensive contiguous mineral concessions in the Coneto Mining District, which collectively total approx. 17,600 ha (43,000 acres) and cover more than 40 known mineralized epithermal quartz veins. A joint technical committee, with both Orex and Fresnillo representation, will manage Coneto.

Fresnillo PLC will complete the following work:
 

  • High-resolution mapping
  • Negotiate community permits
  • Continue environmental studies
  • Conduct airborne geophysical survey



Fresnillo plans to spend up to US $6,000,000 on exploration on the Coneto Silver-Gold Project in the next 3 years in order to earn 55% ownership, and has the right to earn 70% ownership by advancing Coneto to the pre-feasibility stage, or by spending US $21,000,000.

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