Nortec Reports High Grade Lithium Assays, Kietyonmaki Lithium Prospect, Tammela Project, Finland
Vancouver, BC / TheNewswire / September 15, 2016 - Further to the press release dated August 17, 2016, Nortec Minerals Corp. (the "Company" or "Nortec") (TSXV: NVT) announces that Joint Venture earn-in partner, Avalon Minerals ("Avalon") of Milton, QLD, Australia, has reported the assay results from drill hole KMD001 at the Kietyonmaki Lithium prospect, Tammela Project in southern Finland. KMD001 was located adjacent to historical hole R307 which was completed in 1985 by the Geological Survey of Finland. Avalon's press release can be referred to on:
http://www.asx.com.au/asxpdf/20160912/pdf/43b3kfcg0lt1vc.pdf, http://avalonminerals.com.au/
The highlights are as follows:
-First assays from diamond drill hole KMDD001 from the Kietyonmaki Lithium prospect returned high grade lithium including 24m at 1.44% Li2O.
-A total of six holes have been drilled to date and have confirmed a high grade spodumene- bearing pegmatite dyke swarm.
-Peak 1m interval assays in KMDD001 are up to 2.5% Li2O over intervals 25-26m, 37-38m and 59-60m.
-Assay results from the other holes drilled at Kietyonmaki will be reported upon receipt.
-The diamond drill rig is currently drilling at the nearby high grade Satulinmaki Gold prospect.
Tammela Minerals Oy ("NMO"), 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 Earn-in Joint Venture with Avalon.
Assay results from diamond drill hole KMDD001 have returned (downhole widths):
-42.1m at 1.05% Li2O from 17.9m downhole
-Including 24.2m at 1.44% Li2O from 17.9m downhole
-Including 9m at 2.00% Li2O from 29m downhole
The figures below show the location of the drill holes in plan and section. Drill holes KMDD002 and 003 are on the same section as KMDD001 (figures 1 and 2) and show a thinning of the dyke, or a fault offset, at depth, but also show multiple dykes on the south side of the main dyke which require further exploration.
Drilling on the traverse 50m south-east has intersected a 23m thick (downhole) spodumene bearing pegmatite dyke in KMDD006 (figure 3), which is the continuation of the Main Dyke, and a new 6m wide (downhole) dyke. This hole is currently being logged and samples prepared for assay.
Results from drilling 50m north-west with holes KMDD004 and 005 has been interpreted to show a fault offset to the west, the 'Kietyonmaki North Fault' (figures 1 and 4). This moves the target zone to the west and will be tested with additional holes in a future program.
Geological and assay results from all six diamond drill holes will be compiled and interpreted to plan new drilling. The results from holes KMDD001 and KMDD006 suggest continuation of a thickened pegmatite dyke to the south-east and this trend is expected to be tested with further drilling once the first pass drilling of the Satulinmaki Gold prospect is completed. Satulinmaki prospect is located 5 kilometres north of the Kietyonmaki Zone. Further to the Company's press release, dated September 14, 2016, diamond drilling commenced on Satulimaki. Assay results are expected in early October, 2016.
Figure 4 shows a more regional view of the distribution of pegmatites and target zones that require further drill testing.
Table 1: Drill hole KMDD001 intersections and results.
| From (m) | To (m) | Interval (m) | Li2O (%) | Nb2O5 (ppm) | Ta2O5 (ppm) |
| 14.00 | 15.00 | 1.00 | 0.60 | 131.80 | 111.36 |
| 17.88 | 60.00 | 42.12 | 1.05 | 73.55 | 75.95 |
| Including, 17.88 | 42.05 | 24.17 | 1.44 | 85.43 | 91.82 |
| And including, 29.00 | 38.00 | 9.00 | 1.99 | 92.44 | 99.51 |
| 60.67 | 65.71 | 5.04 | 0.18 | 29.76 | 19.29 |
| 97.50 | 100.50 | 3.00 | 0.39 | 107.33 | 128.21 |
Niobium Oxide (Nb2O5) and Tantalum Oxide (Ta2O5) values shown here are anomalous and are provided here to demonstrate that intervals that are anomalous in lithium, are also anomalous in elements that will require further investigation as the project advances and as mineral resources may be estimated. Globally, some lithium pegmatite deposits that are in production, or are being considered for development, also consider by-product credits which contain Nb2O5 and Ta2O5.
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Figure 1: Plan view of Kietyonmaki lithium prospect showing collar positions for KMDD001 - 006 in green. The red domains are the outcrop positions of spodumene bearing lithium pegmatites. The background image is topography. The Kietyonmaki North Fault is interpreted to offset the main pegmatite dyke to the west. Figures 2 and 3 are cross sections on the lines of holes KMDD001-003, and KMDD006.
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Figure 2: Cross section showing the interpreted distribution of lithium pegmatite dykes in recently completed drill holes KMDD001 - 003, and in historical holes drilled by the Finnish Geological Survey (R307, 310-314).
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Figure 3: Cross section showing the interpreted distribution of lithium pegmatite dykes in recently completed drill hole KMDD006, and historical holes drilled by the Finnish Geological Survey (R308-309, 315-318).
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Figure 4: Current interpretation of pegmatite dyke distribution, target areas and fault offsets. Image background is topography.
About the Kietyonmaki Lithium Prospect
The Geological Survey of Finland ("GTK") carried out extensive work comprising of geological mapping, prospecting, auger and diamond drilling in the 1970's and 1980's. GTK identified swarms of Lithium (Tin-Tantalum) bearing pegmatite dykes. Significant mineralisation is delineated within the Kietyonmaki Main Dyke ("KMD"), a large spodumene-rich (LiAlSi2O6) pegmatite dyke that can be traced for over 400 metres (open to the south-east) with an average width of 12 metres. The GTK drilled 17 holes (for 734 metres across 3 section lines) to test the lithium potential of the KMD along 120 metres of strike. The average drill intersection was 18m wide down to 75 metres below natural surface and continues to be open at depth.
A re-logging and re-sampling programme, carried out by Nortec in 2010 on the drill core stored at the GTK core storage facility in Loppi, southern Finland, confirmed GTK's results documented in 1985.
The GTK calculated a drill weighted-average intercept lithium grade of 1% (1.5% Li2O) for an inferred resource of 400,000 tonnes. The readers and potential investors are advised that these estimates are not compliant with the industry standard National Instrument 43-101 guidelines. Avalon has estimated an Exploration Target of 8 to15 million tonnes grading 1.4 to 1.8% Li2O. The potential quantity and grade is conceptual in nature. To date there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Riukka and Satulinmaki Gold Prospects
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).
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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