Nortec Minerals Intersects 4 Metres of 13.52g/t Gold at Seinajoki Project in Western Finland
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/08/10 -- Nortec Minerals Corp. (TSX VENTURE: NVT)(PINK SHEETS: NMNZF)(FRANKFURT: WMQ) ('Nortec' or the 'Company') is pleased to announce assay results from the recently completed exploration drill programme on the Marttalanniemi prospect located in the north-central part of the Seinajoki Gold Project in western Finland. The Company has an option to earn a 100% interest in the Seinajoki Project from Akkerman Exploration B.V. ('AEbv'), a private company based in the Netherlands.
Highlights:
-- 4 metres @ 13.52 g/t Gold from 52 metres (Hole MTL10-007)
-- 6 metres @ 2.19 g/t Gold from 12 metres (Hole MTL10-004)
-- 5 metres @ 2.10 g/t Gold from 51 metres (Hole MTL10-001)
A total of 9 holes, for 750 metres, were drilled on the Marttalanniemi prospect testing the mineralized drill intercepts confirmed by Nortec during the re-sampling and relogging programme of the archive drill core from the holes drilled by the Geological Survey of Finland ('GTK'). Results from the Nortec drilling returned higher gold grades than from the historical GTK drilling over the Marttalanniemi area (see Nortec news release April 14, 2010). All holes were drilled to the north-east at a dip of 45 degrees.
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From To Interval Gold Mineralized
Hole_ID (m) (m) (m) g/t Sb g/t Zn % Zone
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MTL10-001 51.00 56.00 5.00 2.10 48 0.05 C-Zone
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MTL10-001 85.00 88.00 3.00 1.27 24 0.01 N-Zone
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MTL10-002 9.00 10.00 1.00 2.25 40 0.01 N-Zone
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MTL10-003 25.00 27.00 2.00 0.51 23 0.01 C-Zone
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MTL10-003 39.00 41.00 2.00 0.53 20 0.01 N-Zone
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MTL10-004 12.00 18.00 6.00 2.19 77 0.08 C-Zone
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MTL10-004 20.00 24.00 4.00 0.73 36 0.05 C-Zone
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MTL10-004 61.00 63.95 2.95 1.29 23 0.01 N-Zone
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MTL10-005 31.00 34.00 3.00 1.05 29 0.01 C-Zone
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MTL10-006 14.00 17.00 3.00 1.11 29 0.01 C-Zone
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MTL10-006 37.00 39.70 2.70 0.71 175 0.01 N-Zone
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MTL10-007 1.00 4.00 3.00 0.77 2 0.08 S-Zone
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MTL10-007 8.00 9.00 1.00 1.01 1 0.01 S-Zone
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MTL10-007 52.00 56.00 4.00 13.52 6 0.01 C-Zone
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MTL10-007 84.00 88.00 4.00 1.01 22 0.01 N-Zone
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MTL10-008 39.00 41.00 2.00 NSI NSI NSI Greissen
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MTL10-009 73.00 74.00 1.00 5.38 34 0.32 C-Zone
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MTL10-009 97.00 99.00 2.00 1.17 149 0.06 N-Zone
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Samples were submitted to ALS Chemex in Outokumpu for Ore grade Gold by fire assay fusion and AAS finish (FA-AAS), along with a multi-element (48 elements) acid digestion-acid leach process with an ICP-MS or ICP-AES finish. Best intercepts were calculated with a cut-off grade of 0.5g/t Gold. NSI = No significant intercept. Sb = Antimony. Zn = Zinc.
The best intercept of 4 metres @ 13.52g/t Gold is within a 15 metre wide central mineralized zone ('C-Zone') that can be traced along surface for a nominal 500m along a northwest-southeast trend. Drilling has only tested the top 30 metres below natural surface and is open at depth to the south-west and along strike to both the northwest and southeast.
The C-Zone is one of 3 identified high grade mineralized lenses within the northwest-southeast trending, 100-metre wide Tervasmaki-Kalliosalo-Marttalanniemi ('TKM') shear zone. The other two identified mineralized zones are the northern zone ('N-Zone') and southern zone ('S-Zone'). Drilling to date has identified gold mineralization hosted within a plagioclase-porphyry that is exposed from surface. The Nortec geological team have interpreted that the C-Zone and S-Zone should intersect the mica schist wall rock from 40 to 60 metres below natural surface. Based on identified structural and lithological controls, alteration and silicification, this zone is considered to be a favourable site to contain significant gold mineralization and will be targeted by further drilling in the next phase of drilling.
Commenting on the announcement, Mr. Mohan Vulimiri, Chairman of Nortec stated, 'We are very pleased with these results as they confirm our belief that Seinajoki hosts numerous zones of high grade gold mineralization that follow along the quartz veins and stockworks of the property. Even the sampled wall rock between the two zones returned highly anomalous gold values ranging between 0.2 to 0.4g/t Gold. We are anxious to continue drilling at the 'N' and 'S' zones, as well as follow-up of this most recent discovery of the C-Zone. Based on the historical GTK data and the confirmation drilling we have completed to date, we continue to be encouraged by our field results and will be incorporating this latest round of data into our future exploration plans at the property.'
Further information about these results regarding the Marttalanniemi Prospect, including drill hole collar tables, best drill-hole assay intercept tables, drill plans and sections are available in a presentation under the Seinajoki page on the Nortec website www.nortecminerals.com.
The Seinajoki Gold Project is located in western Finland and is made up of over 5,500 hectares of contiguous claims covering the TKM Shear Zone; the Sikakangas-Tulisilma district and the Ylijoki Shear Zone. The other major targets, Sikakangas and Ylijoki, will be included in future drill campaigns upon completion of further surface sampling and geological mapping along with the completion of the re-logging and re-sampling of archive drill core stored at the Geological Survey of Finland's storage facility located in southern Finland.
Mr Turkka Rekola, M.Sc,, Project Geologist in Finland and, Mr Ian F. Laurent MSc. (EconGeol) MAIG RPGeo, President for Nortec, are the persons responsible for initiating and guiding of the work programs on the Seinajoki Project. Ian F. Laurent is the Qualified Person responsible for the contents of this press release.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinajoki-Kaatiala Gold-Antimony-Rare Earth-Lithium Property in western Finland.
Nortec has a 100% interest in the Tammela Lithium-Tin-Tantalum Project in south-west Finland; a 100% interest in the LK Palladium-Platinum-gold-Copper-Nickel Project (the combined Kaukua & Haukiaho Projects) in north-central 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.
On behalf of the Board of Directors,
NORTEC MINERALS CORP.
Ian F. Laurent, President
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.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
Contacts:
Nortec Minerals Corp.
Ian F. Laurent
President
+1 604-717-6426
+1 604-683-9649 (FAX)
www.nortecminerals.com