Normabec Mining Resources's Profile

advanced projects Mexico - Silver // Canada - Gold

Normabec Mining Resources Limited, St-Bruno, Quebec, TSX.V : NMB is a junior mining exploration company with an experienced management team and a proven track record.

A portfolio of advanced projects including: the Pitt Gold project in Quebec; and Real de Catorce Silver project in Mexico through its wholly owned subsidiaries, Minera Real Bonanza, S.A. de C.V. (“Minera”) and Servicios Minero-Metalúrgicos e Industriales, S.A. de C.V. (“SMMI”).

“Normabec is in the unique position of having optioned the greater portion of a major historical silver producing district in Mexico that has not been subjected to modern exploration concepts and technology.”

Our principal properties are Real de Catorce Property, located in Mexico, and the Pitt Gold Property , located in Quebec, Canada.

Primary Assets

Real de Catorce, San Luis Potosi State, Mexico Silver project

RESOURCE ESTIMATE TAILINGS PILES NI 43-101 COMPLIANT 4,075,305

Normabec through its wholly owned subsidiary Minera holds an option to acquire 100% undivided interest in 19 mining concessions and 3 pending mining concessions which covers approximately 6,326 hectares, located in the northern part of the San Luis Potosi State, approximately 25 kilometers west of the town of Matehuala, which lies approximately 170 kilometers North of San Luis Potosi, the State Capital.

Normabec can acquire its interest for a final cash consideration of US $450,000 to be paid in June 2009. Furthermore, upon commencement of commercial production on the Property, the Company will pay an additional sum of US $200,000. The Optionor will retain a 3% Net Smelter Royalty (“NSR”), of which 1.75% may be bought back in increments of 0.25% at a price of US $250,000 per increment for the first five years and at a price of US $300,000 per increment for the following five years.

It is estimated that the property now hosts nearly 33 million ounces Ag at an average grade of 248 g/t Ag including 22.6 M ounces in the measured category and 10.2 M ounces in the indicated category.

Pitt Gold Project, Quebec, Canada

82.94 g/t Gold over 4.58 Metres

The Company owns an 80% undivided interest in the property located approximately 35 km north of Rouyn-Noranda.Since the signing of the option agreement, Normabec carried out more than 23,025 meters of drilling (37 holes).

Encouraging gold values were intersected in the entire property (central part, eastern part and western part). The best mineralized intercept was obtained in DDH 2006-01 showing values grading 82.88 g/t Au over 4.58 meters. In February 2008, the hole DDH 2007-07 intersected 35.18 g/t Au over 5.0 meters.

More than 4,000 meters were drilled on the property since the beginning of the 2008 drilling campaign. Normabec has recently stopped the drilling to undertake a detailed compilation of the drilling performed at the beginning of 2008. Drilling should resume during the fall of 2008.

Subsequent to the year end, the two joint venture partners abandoned their interest in the Pitt Gold property. Following that decision, the Company's undivided interest went from 80% to 100%.

Wathish – nickel & copper project

The Company owns a 100% interest in 13 claims, which are located in Figuery townships, district of Abitibi. The Company signed a joint venture agreement with a junior exploration company enabling them to acquire a 50% interest in consideration of a commitment by them to spend $150,000 in exploration expenditures before October 31, 2008. Subsequent to the year end, the joint venture partner abandoned its option to acquire a 50% undivided interest in the property.

Matchi-Manitou – copper, zinc, gold and silver project

The Company owns a 100% interest in 29 claims located in Tavernier and Pershing townships, district of Abitibi. The Company signed a joint venture agreement with Junior Exploration Company enabling them to acquire a 50% interest in consideration of a commitment by them to spend $150,000 in exploration expenditures before October 31, 2008.

Normabec Mining Resources' business model is focused on developing resources that meet specific property selection criteria:

  • Properties located in, or close to, recognized mining camps with a proven history and production track record
  • Properties with existing data that is both reliable and available
  • Preference for deposits with high-grade vein systems
  • Properties that are at least mid-staged, ideally advanced-stage

Last changed at 18-Jan-2009 10:18AM by Highgrader

Management & Directors

  • Managemenrt

    & Directors

    Lewis Lawrick
    Chairman

    Mr. Lewis Lawrick is the managing director of Thorsen-Fordyce Merchant Capital Inc., a private Toronto-based merchant bank focused on resource industries. His expertise in capital markets and extensive knowledge of and contacts within the international mining industry will be of significant benefit to Normabec as it embarks on a new stage of growth. Mr. Lawrick has been or is currently a director of several other junior mining companies listed on both the TSX and TSX Venture exchanges. He has a Bachelor of Commerce degree (BCOM) from the University of Calgary.

    Robert Ayotte
    President, CEO and Director

    Mr. Robert Ayotte brings wide-ranging administrative, financial and corporate development expertise to Normabec. He has been the chief executive officer of public companies since 1993. Prior to that, Mr. Ayotte served as vice president, corporate finance and mining analyst for two Canadian brokerage firms, He also acted as financial analyst and gold trader for a large crown corporation. Mr. Ayotte has a Bachelors degree in Administration ( Finance ).

    Norman Giuliani
    Director

    Mr. Norman Giulani served as a chartered insurance broker and consultant with Marsh Canada Ltd., a world leader in insurance brokerage, until October 2000. Prior to that, he was the company's managing director.

    John McBride
    Director

    Mr. McBride is the Managing Director of CC Capital Partners Group, a private investment and merchant banking enterprise. He has provided capital and strategic assistance to many successful early stage companies. During his career, Mr. McBride has been a significant shareholder, director and strategic advisor to several private and public companies, including: Northfield Capital Corporation, Dexit Inc., Softimage Inc., Anaconda Gold Inc., Andina Minerals Inc., Moto Goldmines Limited, Pan Global Energy Ltd. (subsequently Pearl Exploration and Production Ltd.), Quest Oil and Gas Inc., Merc International Mining Inc., MHI Energy Fund LLP, and Caspian Energy Inc.

    Denis Simoneau
    Director

    Mr. Denis Simoneau has been Chairman of the Board and CEO of Birim Goldfields, a mining exploration company involved in Ghana, West Africa, since April 2006. Prior to that, he was the company's president and CEO for eleven years. Mr. Simoneau began his career as a geologist with Falconbridge and also worked as SOQUEM's Vice President, Exploration from 1980 to 1993.

    Federico Villaseñor
    Director

    Mr. Federico Villaseñor is the director of financial planning for Luismin SA de CV, the Mexican subsidiary of Goldcorp Inc. and a member of the Mexican Mining Chamber Board. He obtained a BSc in Mining Engineering from the University of Guanajuato in 1972, an MSc from Columbia University in 1976, and a Finance Degree from the Instituto Tecnologico de Mexico in 1985.

    OFFICERS

    Robert P. Boisjoli, C.A.
    Chief Financial Officer

    Robert P. Boisjoli is Chief Financial Officer of Xanthus Life Sciences Inc, an oncology drug development company. Mr. Boisjoli has 25 years of expertise in the financing, valuating and structuring strategic direction for numerous companies. He was previously an investment banker with leading securities firm in Canada raising equity capital for clients.

    Pierre O’Dowd
    V-P Exploration

    Pierre O’Dowd is a geologist and has accumulated more than 25 years of experience in mining exploration and development in Canada, Africa, Latin America and China. Mr O’Dowd worked for Noranda, Cambior, Falconbridge Copper and Breakwater. He has contributed to many discoveries and mine developments

Broker Fact Sheet

  • NMB Broker Fact Sheet
    Thu Mar 29, 2019
    Fact sheet details
Normabec Mining Resources
Symbol
NMB
Exchange
TSX-V
Shares
79,625,418 FD Dec. 8 2008
Industry
Metals & Minerals
Website
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