Targets Identified For Drilling, Satulinmaki Gold Prospect, Tammela Project, Finland
Vancouver, BC / TheNewswire / August 2, 2016 - Pursuant to the press release dated July 26, 2016, Nortec Minerals Corp. (the "Company" or "Nortec") (TSXV: NVT) is pleased to announce that the Company's Joint Venture earn-in partner, Avalon Minerals ("Avalon") of Milton, QLD, Australia, has completed data compilation on both the Riukka and Satulinmaki gold prospects. The historical drilling results for both projects were compiled and interpreted in Three Dimensions (3D). Riukka and Satulinmaki prospects are located only 1 kilometre north and 5 kilometres north-west respectively of the Kietyonmaki lithium prospect (Figure 1). Avalon's press release can be referred to on www.asx.com.au/asxpdf/20160801/pdf/439039yymqfmc2.pdf, avalonminerals.com.au/
Tammela Minerals Oy, the wholly-owned subsidiary of Nortec, controls 100% interest in the Somero 1 to 12 and Tammela 1 to 3 claims comprising the Tammela Project. The property hosts the Kietyonmaki Lithium prospect and the Riukka and Satulinmaki gold zones. Avalon has also submitted applications for two Exploration Reservations over an area of 117 km2 around the Somero and Tammela claims. These reservations form part of the Joint Venture with Avalon.
The Highlights are as follows:
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-Data compilation has been completed on both Satulinmaki and Riukka gold prospects
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-The highest priority targets were identified on the Satulinmaki prospect. Drilling is planned after the completion of the drilling on the Kietyonmaki lithium zone.
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-Diamond drilling by the Geological Survey of Finland (GTK) at Satulinmaki during the years 2001 to 2005 returned significant results (Table 1).
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-Outcrop channel sampling returned values between 1.9 and 8.5 g/t gold.
Both the Satulinmaki and Riukka prospects were drilled by GTK during the period 2001 to 2005. At Satulinmaki 60 shallow holes were completed for a total of 4727m, which only tested to a depth of 80m below surface. At Riukka, 40 shallow holes were completed for a total of 3350m and also only tested to a vertical depth of 60m. While Riukka has returned some very encouraging results (see Table 2) over narrow intervals, the Satulinmaki prospect exhibits more intense and complex quartz veining and alteration, and is considered a higher quality project for follow-up.
At Satulinmaki, clear drill targets exist at depth (see figure 2 below). Targets also exist along strike where preliminary structural interpretations suggest historical drilling may not have tested all scenarios.
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Figure 1: Locations of Satulinmaki and Riukka gold prospects, Kietyonmaki lithium prospect.
The Riukka and Satulinmaki gold prospects are situated in the Hame Schist Belt in southern Finland, dominated by mafic and felsic to intermediate metavolcanic rocks. Gold mineralization at Riukka is hosted within the arsenopyrite-pyrrhotite bearing quartz veins and biotite-altered and silicified wall rock that is over 100m wide and can be traced for over 1km along an east-west strike. Gold mineralization at Satulinmaki is hosted within sulphide-tourmaline rich quartz veins within a 400m wide biotite-altered and silicified wallrock along a 700 metre northeast-southwest strike. Wide zones of mineralization at Satulinmaki are confirmed by the intersection in drill hole R330 (37.70 metres of 1.03 g/t gold).
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Figure 2: 3D modelling of gold mineralization at Satulinmaki showing multiple zones of gold mineralization that are open at depth. Drilling has only tested the mineralised horizon to approximately 80m below surface
The first drill test by Avalon will be to follow the high grade zone at Satulinmaki to depth to extend the mineralization zone beyond the current shallow 70m of vertical extent. Intersections in this zone range for 3m to 10m wide, and contain grades of between 1.4 g/t and 10.3 g/t.
The immediate target zone is interpreted to have a steep shoot geometry and has a strike extent of at least 100m. Additional target zones also occur along strike.
Table 1: Significant results from GTK's drilling:
| Hole_ID | From (m) | Interval (m) | Gold g/t | Prospect | Year of Drilling |
| R328 | 40.3 | 1.0 | 17.8 | Satulinmaki | 2001 |
| R330 | 59.5 | 1.00 | 5.6 | Satulinmaki | 2001 |
| and | 73.0 | 8.5 | 1.4 | ||
| and | 85.5 | 5.0 | 2.1 | ||
| R334 | 30.2 | 4.0 | 1.5 | Satulinmaki | 2002 |
| R344 | 72.5 | 1.0 | 15.0 | Satulinmaki | 2002 |
| R389 | 73.0 | 8.0 | 1.4 | Satulinmaki | 2004 |
| incl. | 75.0 | 1.0 | 8.2 | ||
| R391 | 50.0 | 25.0 | 3.2 | Satulinmaki | 2004 |
| incl. | 54.0 | 3.0 | 9.3 | ||
| incl. | 66.0 | 4.0 | 10.3 | ||
| R413 | 51.3 | 25.0 | 1.7 | Satulinmaki | 2005 |
| incl. | 51.3 | 1.0 | 9.8 | ||
| incl. | 62.3 | 1.0 | 8.6 | ||
| incl. | 74.3 | 1.0 | 6.2 | ||
| R414 | 33.9 | 3.0 | 5.9 | Satulinmaki | 2005 |
| R416 | 15.0 | 10.0 | 2.7 | Satulinmaki | 2005 |
| R418 | 78.0 | 2.0 | 8.8 | Satulinmaki | 2005 |
| R419 | 101.3 | 4.0 | 5.2 | Satulinmaki | 2005 |
| R422 | 64.0 | 3.0 | 4.0 | Satulinmaki | 2005 |
| R428 | 63.0 | 7.0 | 1.6 | Satulinmaki | 2005 |
Re-sampling by Nortec geologists of the core drilled by GTK on both the nearby Satulinmaki and Riukka gold zones returned significant gold values. Some of the significant results are 37.7 metres @ 1.03 g/t Gold from 51 metres (Hole R330 - Satulinmaki Prospect), 10.0 metres @ 2.47 g/t Gold from 20 metres (Hole R356 - Riukka Prospect) and 2.50 metres @ 6.81 g/t Gold from 61.35 metres (Hole R357 - Riukka Prospect). Details with respect to the analytical methods and the assay lab can be referred to in Nortec's press release dated March 1, 2011.
Table 2: Confirmation Sampling by Nortec.
| Hole_ID | From (m) | Interval (m) | Gold g/t | Prospect |
| R329 | 13.40 | 7.10 | 1.67 | Satulinmaki |
| R330 | 51.00 | 37.70 | 1.03 | Satulinmaki |
| incl. | 58.50 | 3.00 | 3.85 | Satulinmaki |
| incl. | 84.20 | 4.50 | 3.37 | Satulinmaki |
| R332 | 19.60 | 1.00 | 1.16 | Riukka |
| R334 | 29.20 | 5.00 | 1.60 | Satulinmaki |
| R340 | 20.80 | 11.00 | 0.48 | Satulinmaki |
| R356 | 20.00 | 10.00 | 2.47 | Riukka |
| incl. | 21.00 | 3.00 | 7.37 | Riukka |
| R357 | 61.35 | 2.50 | 6.81 | Riukka |
| R374 | 53.00 | 3.00 | 0.66 | Riukka |
| R385 | 13.00 | 2.00 | 1.57 | Satulinmaki |
| R386 | 40.00 | 3.00 | 0.56 | Satulinmaki |
Avalon - Nortec Heads of Agreement:
Details of the Heads of Agreement with regards to the formation of the Joint Venture Agreement between Nortec and Avalon can be referred to in the Company's press release dated May 19, 2016.
Avalon previously announced a 3000 metre drilling program on the Kietyonmaki lithium prospect scheduled to commence in late August, 2016 (Nortec press release dated June 26, 2016). Historical drilling by the Geological Survey of Finland (GTK) identified a high grade lithium pegmatite deposit including diamond drill intersections of up to 18m @ 1.8% Li2O. Proposed work will deliver a mineral resource estimate and preliminary metallurgical studies by the end of 2016.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia.
Information on the Company's projects can be referred to on www.nortecminerals.com.
Mohan R. Vulimiri, M.Sc., P.Geo, CEO, Nortec Minerals, is a Qualified Person as defined by NI 43-101. Mr. Vulimiri has approved the corporate and technical content contained in this press release
| 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.
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