NI 43-101 Report on Bleikvassli Project Available
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Norra Metals Corp. 2019 TECHNICAL (N.I. 43-101) REPORT ON THE BLEIKVASSLI PROPERTY Located in Hemnes Municipality, Nordland Fylke Province, Norway 65.898° N Latitude; 13.872° E Longitude -prepared for- Norra Metals Corp. Suite 480 - 505 Burrard Street, Bentall One - Box 217 Vancouver, British Columbia, Canada V7X 1M3 -prepared by- David Swanton, M.Sc., P.Geo. EQUITY EXPLORATION CONSULTANTS LTD. Suite 1510, 250 Howe St. Vancouver, British Columbia, Canada V6C 3R8 Effective Date: March 4, 2019 1 TABLE OF CONTENTS TABLE OF CONTENTS ................................................................................................................................. 1 LIST OF APPENDICES .................................................................................................................................. 1 LIST OF TABLES ........................................................................................................................................... 2 LIST OF FIGURES ......................................................................................................................................... 2 LIST OF PLATES ........................................................................................................................................... 2 1.0 SUMMARY............................................................................................................................................ 3 2.0 INTRODUCTION................................................................................................................................... 4 3.0 RELIANCE ON OTHER EXPERTS ....................................................................................................... 5 4.0 PROPERTY DESCRIPTION AND LOCATION ...................................................................................... 5 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, PHYSIOGRAPHY ............. 9 5.1 Accessibility ..................................................................................................................................... 9 5.2 Local Resources and Infrastructure ................................................................................................. 9 5.3 Physiography and Climate ............................................................................................................... 9 6.0 HISTORY ............................................................................................................................................ 10 6.1 Bleikvassli Mine ............................................................................................................................. 10 6.2 Regional Exploration ...................................................................................................................... 11 7.0 GEOLOGICAL SETTING AND MINERALIZATION ............................................................................. 11 7.1 Regional Geology .......................................................................................................................... 11 7.2 Property Geology ........................................................................................................................... 11 7.3 Property Mineralization .................................................................................................................. 12 8.0 DEPOSIT TYPES ................................................................................................................................ 17 9.0 EXPLORATION .................................................................................................................................. 18 9.1 Rock Sampling............................................................................................................................... 18 9.2 Drillcore Review ............................................................................................................................. 24 10.0 DRILLING ........................................................................................................................................... 25 11.0 SAMPLE PREPARATION, ANALYSES AND SECURITY ................................................................... 26 12.0 DATA VERIFICATION ........................................................................................................................ 27 13.0 MINERAL PROCESSING AND METALLURGICAL TESTING ............................................................ 27 14.0 MINERAL RESOURCE ESTIMATES .................................................................................................. 27 15.0 ADJACENT PROPERTIES ................................................................................................................. 27 16.0 OTHER RELEVANT DATA AND INFORMATION ............................................................................... 27 17.0 INTERPRETATION AND CONCLUSIONS.......................................................................................... 27 18.0 RECOMMENDATIONS ....................................................................................................................... 28 18.1 Program ......................................................................................................................................... 28 18.2 Budget ........................................................................................................................................... 30 LIST OF APPENDICES Appendix A: References Appendix B: Qualified Person’s Certificate Appendix C: Analytical Certificate 2 LIST OF TABLES Table 1: Tenure Data .................................................................................................................................... 5 Table 2: 2018 Bleikvassli Grab Samples ...................................................................................................... 18 Table 3: Brunesbekken area drilling ............................................................................................................. 26 Table 4: Proposed Bleikvassli Budget – Phase I........................................................................................... 30 Table 5: Proposed Bleikvassli Budget - Phase II .......................................................................................... 30 LIST OF FIGURES Figure 1: Location Map ................................................................................................................................... 7 Figure 2: Tenure Map ..................................................................................................................................... 8 Figure 3: Regional Geology .......................................................................................................................... 14 Figure 4: Property Geology and Mineralization ............................................................................................. 15 Figure 5: Property map showing NGU Rock Samples and exploration drilling .............................................. 16 Figure 6a: Sample Locations ........................................................................................................................ 21 Figure 6b: Zn/Pb in rock ............................................................................................................................... 22 Figure 6c: Cu/Ag in rock ............................................................................................................................... 23 LIST OF PLATES Plate 1: Sulphide Mineralization Exposed in Wall of Bleikvassli Portal; Sample M411359 ............................ 19 Plate 2: Outcrop and close-up view of sample location M411360 ................................................................. 20 Plate 3: Photo of BH7-89 @ ~36 m depth, showing massive pyrite with interstitial sphalerite and galena .... 25 Plate 4: Photo of BH19-97 @ 75.5 m depth, showing massive pyrite with interstitial sphalerite and galena . 25 3 1.0 SUMMARY The Bliekvassli property is composed of six contiguous exploration licences totalling 6000 ha area, in the Hemnes Municipality of the Nordland Fylke Province of Norway. As of the effective date of this report, licences are held by EMX Royalty Corp. (through their wholly own subsidiary Eurasian Minerals Sweden AB), though EMX has entered into an agreement with Norra Metals whereby Norra Metals will acquire ownership of the licences. This report has been prepared on behalf of Norra Metals in support of that transaction. The most prominent feature of the property is the Bleikvassli mine, a past-producing SEDEX-style sediment-hosted massive sulphide Pb-Zn deposit with minor Cu and Ag credits. The mine closed in 1997, following continuous operation since 1957 which saw the extraction of 5.0 million tonnes of Zn-Pb-Cu-Ag ore. Following closure of the mine, mineral rights for the mine itself and surrounding areas became available and were staked by EMX in early 2018. The current extent of the property includes both the past-producing mine itself and areas of prospective geology with mineralized surface rock samples outside the footprint of the mine. The area covered by the property is generally hilly, with vegetation dominated by boreal forests with a sub-arctic climate. Field work is possible through the summer months, with drilling operations possible year- round. Access and local infrastructure is well developed, with paved roads connecting the property to the rest of Norway, nearby