VANCOUVER, BC, Oct. 7, 2020
/CNW/ - Norra Metals Corp. (the
"Company") (TSX-V: NORA) announces
that its Board of Directors (the "Board") has appointed Mr.
Jeet Basi as a Director of the
Company effective immediately.
Mr. Basi is an established mining industry professional with
over 15 years of technical leadership experience in global public
mining companies including Newmont, Goldcorp, and Teck Resources.
Jeet has a passion for growing a collaborative culture of technical
excellence focused on maximizing Net-Asset-Value (NAV). Mr. Basi
most recently held the position of Senior Advisor, Newmont North
America, where he was responsible for implementing industry leading
best practices in the areas of technical services, project
development, and strategic planning across all of Newmont's
Canadian, U.S., and Mexican assets. Prior to Newmont, Mr.
Basi held the position of Corporate Manager of Processing &
Metallurgy for Goldcorp. During his eight-year tenure with
Goldcorp, Mr. Basi established a track record of delivering
bottom-line growth across all major assets within the global
portfolio. Specific value-adding highlights include
$500M NAV improvement at the
Penasquito mine, a $300M NAV
improvement at the Los Filos mine, and a $100 NAV improvement at the Coffee Gold Mine
Project. Prior to Goldcorp, Mr. Basi spent five years at Teck's
Highland Valley Copper operation where he most notably facilitated
the mill optimization and expansion projects resulting in an
opportunity to increase annual free-cash-flow by $25M through increased metal recoveries. Mr. Basi
brings extensive due-diligence knowledge in the M&A space in
both acquisition and divestment scenarios. Mr. Basi is a
well-recognized industry professional and has contributed multiple
publications within the technical community. Mr. Basi holds a
Bachelor of Applied Science in Mining and Mineral Process
Engineering from the University of British
Columbia with a Minor in Commerce.
Mike Devji, President and CEO of
Norra Metals Corp states, "On behalf of the Board of Directors, I
am very pleased to welcome Jeet Basi
to the company. We are confident that Jeet's proficiencies,
experience and perspective will be of great value to Norra Metals
as the company grows."
About the Company
Norra Metals Corp. (TSX-V:
NORA) Norra Metals primary focus is the exploration
potential on the Bleikvassli property as a former Cu-Zn-Pb-Ag (±
Au) producer which represents an immediate and significant
exploration target for the company. The Bleikvassli property is
located in central Norway,
contains power and paved roads onsite, is close to tide water and
nearby rail service. Management has been mandated to focus on
safe, mining-friendly jurisdictions and government regulations
supportive of mining operations.
ON BEHALF OF THE BOARD OF
NORRA METALS CORP.
Per: "Minaz Devji"
Minaz Devji,
CEO and Director
Contact info:
Tel: (604) 258-8666
Email: mike.devji@norrametals.com
This news release was prepared by
Company management, who take
full responsibility for its content.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in
the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Norra Metals Corp.