Nortec expands Mineral Rights Holdings of the Seinajoki Gold Project, Finland
Vancouver, British Columbia - October 28, 2013. Nortec Minerals Corp. ("Nortec" or the "Company") (TSX-V: NVT) is pleased to announce that it has gained access to the prospective Sikakangas gold target which has been the focus of exploration by the Geological Survey of Finland ("GTK") for many years.
It is the area with the highest grade and most consistent gold structures discovered to date in the Seinajoki region. Example of drill intersections by the GTK are:
-21 metres @ 1.25 g/t Au from 4.1 metres, including 3 metres @ 7.17 g/t Au from 17.1 metres (Hole R523)
-5 metres @ 16.72 g/t Au from 3 metres (Hole R476).
Following recent withdrawal by the GTK, the area has been claimed by Akkerman Finland Oy, a 100% subsidiary company of Akkerman Exploration B.V.
Nortec and Akkerman Exploration have agreed to modify their existing Option Agreement, with the inclusion of the new Sikakangas claim (under application) in the existing portfolio of claims and the extension of the third anniversary option payment, which is now due on September the 17th 2014.
Initial work planned on the Sikakangas gold zone, involves resampling and assaying of the unsampled parts of the previous GTK holes, in preparation for the selection of follow-up drill targets aimed at down dip extension of the mineralized structures.
A short program of 5 diamond drillholes holes earlier this year on geochemical anomalies in the Saarikoski and Marttalanniemi Zones has not resulted in significant gold intersections, the best being 0.6g/t over an 8 meter interval. Consequently the next phase of exploration will be focused on the new Sikakangas Zone.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Nortec is the majority shareholder of Finore Mining Inc. controlling 55% of the issued and outstanding shares. The Company has a 100% interest in the Tammela Gold & Lithium Project in Southwest 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. The Company recently sold its 51% interest, subject to net smelter royalties, in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada, to Vulcan Minerals Inc. Information on the Company's projects can be referred to on www.nortecminerals.com
On behalf of the Board of Directors,
NORTEC MINERALS CORP.
"Mohan R. Vulimiri"
Mohan R. Vulimiri, CEO and Chairman
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
This press release contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
Copyright (c) 2013 TheNewswire - All rights reserved.
