Nortec Minerals Corp.: NI 43-101 Technical Report for LK Project Filed on SEDAR
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/23/11 -- Nortec Minerals Corp. (TSX VENTURE: NVT)(PINK SHEETS: NMNZF)(FRANKFURT: WMQ) ('Nortec' or the 'Company'), is pleased to announce that the NI 43-101 Technical Report ('Technical Report') for the Company's 100% owned Lantinen Koillismaa palladium-platinum-gold-copper-nickel project ('LK Project') in north central Finland has been filed on SEDAR.
The Technical Report was prepared by Watts, Griffis and McOuat ('WGM') and contains the first compliant independent Mineral Resource estimate of the Kaukua and Haukiaho deposits that form part of the LK Project (see News Release February 22, 2011). WGM have recommended that Nortec continue exploration to upgrade and expand the current Mineral Resources on the LK Project.
Nortec has also followed the recommendations in the Technical Report and increased the tenure of the Haukiaho deposit a further 6 kilometres along strike to the east. The Company has filed for 5 claims for a nominal 500 hectares covering the PGE Au-Cu-Ni mineralized Marginal Series.
Mr Turkka Rekola, M.Sc, Project Geologist - Finland and, Mr Ian F. Laurent MSc.(EconGeol) MAIG RPGeo, President of Nortec, are the persons responsible for initiating and guiding of the work programs on the LK Project. Ian F. Laurent is the Qualified Person responsible for the contents of this press release.
About LK Project
The LK Project is located in north central Finland, 660km north of the capital Helsinki, 65km south of the Arctic Circle. The project is well serviced by power, roads and water allowing all season access. The LK project now has a combined surface area of over 3,700 hectares covering the PGE Au-Cu-Ni mineralized Marginal Series hosted within a sequence of mafic and ultramafic layered intrusions.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Project in north-central Finland. Nortec also has a 100% interest in the Tammela Lithium Project in south-west Finland; an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinajoki Gold Property and Kaatiala Beryllium-Rare Earth Property in western 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
Nortec Minerals Corp.
Mr. Mohan Vulimiri
Chairman and CEO
1 604-717-6426
1 604-683-9649 (FAX)
www.nortecminerals.com