Nortec Minerals commences Bedrock and Lithogeochemical Sample Drilling Program, Seinajoki Gold Project, Southwestern Finland
(via Thenewswire.ca)
Vancouver, B.C., April 18, 2012: Further to the press release dated
March 28, 2012, Nortec Minerals Corp. (TSX-V: NVT; FSE: WMQ; OTC-PK:
NMNZF) ("Nortec" or the "Company"), announces the
start-up of bedrock and lithogeochemical sample drill program to
locate higher grade gold mineralization on the Seinajoki gold project.
The Seinajoki Gold Project is located in southwestern Finland and is
made up of over 5,500 hectares of contiguous claims covering three
prospect areas, Marttalanniemi prospect (TKM Shear Zone); the
Sikakangas-Tulisilma district and the Ylijoki prospect.
Systematic bedrock and lithogeochemical shallow drilling is being
carried out across strike and trends of the various lithologic units
to locate favourable units under the overburden. Two cross lines 1A
and 1B with samples every 50 metres were completed. Every drill hole,
depending on the thickness of overburden till consists of two samples,
bottom half metre of till and the top half metre of bedrock. The
program consisting of several cross lines is expected to be completed
by the end of April, 2012. If results warrant, more detailed
sampling program will be initiated to define targets for diamond core
drilling.
Previous diamond core drilling was only carried out in areas where
mineralization is exposed on surface and hosted in the highly
resistant feldspar porphyry. Gold mineralization is hosted in
sub-parallel ptygmatic and en-echelon quartz veins and stringers.
Based on identified structural and lithological controls, alteration
and silicification, higher grade gold mineralization over wide widths
may be present within the sub-parallel underlying mica schist or mica
gneiss units covered by overburden.
Some of the significant 2010 diamond core drilling results are shown
below:
-87.4 metres @ 0.90 g/t Gold from 0.6 metres (Hole MTL10-007),
including 4 metres @ 13.52 g/t Gold from 52 metres
-99.0 metres @ 0.50 g/t Gold from 12.0 metres (Hole MTL10-001)
-68.5 metres @ 0.58 g/t Gold from 1.5 metres (Hole MTL10-004)
The Seinajoki project area also consists of the Katiaala prospect
located 15 kilometres east of the Seinajoki gold prospects. The
Paleo-Proterozoic pegmatites in the Kaatiala and Seinajoki area host
tin, tantalum, berylium, niobium, tungsten, caesium and lithium
mineralization. The Kaatiala reservation covers a quarry which
produced 18 tonnes of beryl, 5 tonnes of columbite and 190,000 tonnes
of rare mineral calcium feldspar, according to the information
obtained from GTK. GTK considers Kaatiala pegmatites to be one of
richest in tantalum, niobium and lithium. Beryl is the source for
beryllium and columbite is the source for tantalum and niobium.
Mohan R. Vulimiri, M.Sc., P.Geo. Executive Chairman and CEO and
Director of Nortec and Mr. Jan H. Akkerman, Managing Director of
Akkerman Exploration B.V. are the persons responsible for initiating
and guiding the work programs on the Seinajoki Project and Mohan
Vulimiri is the Qualified Person responsible for the contents of this
press release.
About Nortec Minerals
Nortec is a mineral exploration and development company based in
Vancouver, British Columbia. The Company has a 100% interest in the
Tammela Gold & Lithium Project in south-west Finland. Nortec has a
100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Project
in north-central Finland; an option to earn from Akkerman Exploration
B.V., a 100% interest in the Seinajoki Gold Property and Kaatiala
Beryllium-Rare Earth Property in western Finland; a minimum 51%
interest with an option to earn 100% interest in the TL
Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, an
option to acquire 51% interest in the Ganarin Gold-Silver Property,
Ecuador. The Company signed an Option Agreement with Akkerman to earn
an 80% interest in the Karhujupukka
Iron-Titanium-Vanadium-PGE-Au-Cu-Ni project in Northern Finland.
Information on the Company's projects can be referred to on
www.nortecminerals.com
Nortec has at present working capital of $3.3 million dollars in cash
and 1,660,408 shares of Finore. Nortec is well-financed for exploring
the Seinajoki, Tammela and Karhujupukka projects. All projects have
excellent potential with good infrastructure and access.
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|On behalf of the Board of Directors, |
|? |
|NORTEC MINERALS CORP. |
|? |
|“Mohan R. Vulimiri” |
|? |
|Mohan R. Vulimiri, Executive Chairman & CEO|
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|NORTEC MINERALS |NORTEC MINERALS Oy |NORTEC ECUADOR S.A. |
|CORP. |Nyk?senkankaantie 3B 8, |Av. Florencia |
|TSX-V: NVT ?OTCBB: |90650 Oulu, Finland |Astudillo y |
|NMNZF |Phone: +358 40-169-5600 |Alfonso |
|?FSE: WMQ | |Cordero |
|Suite 875, Box 208, | |Edif. C?mara de |
|555 | |Industrias |
|Burrard | |5to piso - oficina |
|Street | |#503 |
|Vancouver BC V7X | |Cuenca, Ecuador |
|1M8, | |Phone : ?+593 |
|Canada | |7-288-1514 |
|Phone: +1 | | |
|604-717-6426 | | |
|Fax: +1 604-683-9649| | |
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involve known and unknown risks, delays and uncertainties not under
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