Nortec Minerals Corp.: Drilling Commenced, Satulinmaki Gold Prospect, Tammela Project, Finland
http://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.
Highlights
-Drilling has commenced on hole SMDD001 at the Satulinmaki gold prospect.
-The drilling program will test targets within a series of sub-parallel gold zones defined by historical drill holes including:
-18m at 4.1g/t, including 3m at 9.3g/t and 4m at 10.3g/t in hole R391
-10m at 2.7g/t in hole R416
-6 holes will be drilled for a total 930m, adjacent to, and deeper than the historical gold intersections.
-First gold assay results are expected to be returned in early October.
Six drill holes are planned at Satulinmaki for a total of 930m and these will test interpreted sub-vertical gold mineralized shoots based on historical diamond drilling that was completed by the Geological Survey of Finland (GTK) during the period 2001 - 2005. The diagrams below show the location of the proposed drill holes, and a cross section and long section which shows the currently interpreted geometry and model for drill testing.
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The drill program will test zones below historical holes that include intersections such as:
25.0m @ 3.17 g/t Au from 50m downhole in drill hole R391, including;
3.0m @ 9.3 g/t Au from 54m, and 4.0m @ 10.3 g/t Au from 66m
25.0m @ 1.7 g/t Au from 51m downhole in drill hole R413, including;
1.0m @ 9.8 g/t Au from 51.3m, 1.0m @ 8.6 g/t Au from 62.3m, 1.0m @ 4.2 g/t Au from 71.3m, and1.0m @ 6.2 g/t Au from 74.3m
3.0m @ 5.9 g/t Au from 33.9m downhole in drill hole R414
2.0m @ 1.89 g/t Au at the end of hole in drill hole R414. This hole ended in mineralisation (see figure 3)
10.0m at 2.7 g/t Au from 15m downhole in drill hole R416
4.0m @ 5.2 g/t Au from 101.3m downhole in drill hole R419
First assay results are expected in early October.
The historical data, comprising 60 shallow diamond drill holes, has been interpreted and a structural model proposed that comprises a series of sub-parallel NE trending gold bearing quartz veins within altered mafic volcanic schists. It is suggested that the plunge of mineralisation is sub-vertical. If this model is supported by the proposed drilling program then further targets along structural strike will be defined, and the results from the nearby Riukka gold prospect will be reviewed and drill holes proposed for this area.
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Figure 1: Location of Satulinmaki gold prospect, 4km NW of the Kietyonmaki lithium project.
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Figure 2: Satulinmaki gold prospect showing interpreted NE trending gold bearing vein systems. Figure 3 cross section is shown through the main target vein. Collar positions of historical holes are shown with red dots and grey, green traces. Proposed holes SMD001 to SMD006 are shown in white.
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Figure 3: Cross section showing target zone down plunge from mineralised horizons in historical holes R413 and R414.
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Figure 4: Long section on the main gold bearing zone showing existing shallow historical intersections, and pierce points of the proposed drill holes 1 to 5. The 5 proposed drill holes have also been planned to intersect several sub-parallel gold horizons parallel to this main zone.
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 (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.
Other News:
The Private Placement announced on April 21, 2016 could not be completed.
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.
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF Suite 2000, 1066 West Hastings Street Vancouver BC V6E 3X4, Canada Phone: +1 604-717-6426 | TAMMELA MINERALS Oy c/o Kalliolaw Asianajotoimisto Oy Etelaranta 12, FI-00130 Helsinki, Finland |
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