Nortec Minerals Identifies Mineral Property Areas With Porphyry Copper-Gold-Molybdenum Potential for Acquisition, Ecuador
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/10/11 -- Nortec Minerals Corp. (TSX VENTURE: NVT)(PINK SHEETS: NMNZF)(FRANKFURT: WMQ) ('Nortec' or the 'Company'), is pleased to announce that the Company has identified three mineral property areas in Ecuador for acquisition. Nortec has prepared and is submitting the relevant documentation for concession areas under the new Mining Law of Ecuador.
All three properties are reported to host significant copper-gold-molybdenum mineralization. Further details on the location of the properties and modes of occurrence of the mineralization will be released upon receipt of approval from the Mining Authorities.
The Company has prepared detailed budgets for the exploration work program in these three mineral property areas to evaluate and delineate the concessions with the greatest potential.
The Board of Directors of Nortec are very pleased to inform the shareholders and potential investors about this development as the Board believes this will provide excellent opportunities for Nortec to explore, to develop and share mineral resource interests in Ecuador in a socially responsible and ecologically conscious manner.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Nortec has a 100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Project in north-central Finland. The Company has engaged Watts Griffis McQuat to prepare an independent National Instrument 43-101 compliant mineral resource estimate and Technical Report on the LK project. The report is expected to be completed very shortly. Nortec also has a 100% interest in the Tammela Lithium-Tin-Tantalum Project in south-west Finland.
The Company has an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinajoki-Gold-Antimony Property and Kaatiala Rare Earth-Beryllium-Tin-Lithium Property in western Finland. Nortec earned 51% interest from Vulcan Minerals in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, is earning a majority interest in the Ganarin Gold-Silver Property, Ecuador.
On behalf of the Board of Directors, NORTEC MINERALS CORP.
Mohan R. Vulimiri, M.Sc., P.Geo. Executive Chairman & CEO
This press release contains certain forward looking information which involves known and unknown risks, uncertainties not under the Company's control and other factors which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by this forward looking information.
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.
Mohan R. Vulimiri
Executive Chairman & CEO
1 604-717-6426
1 604-683-9649 (FAX)
www.nortecminerals.com