Nortec Minerals signs Drill Contracts for Bedrock and Lithogeochemical Sampling Program, Seinajoki Gold Project, Southwestern Finland
The Seinajoki Gold Project is located in southwestern Finland and is made up of over 5,500 hectares of contiguous claims covering three prospect areas, Marttalanniemi prospect (TKM Shear Zone); the Sikakangas-Tulisilma district and the Ylijoki prospect. The gold mineralization is also associated with the Paleo-protererozoic Hame Schist Belt
In 2010, Nortec drilled 9 holes, for 750 metres, on the Marttalanniemi prospect. The drill holes returned significant results (Nortec press release dated March 30, 2011) with the highlights shown below:
-87.4 metres @ 0.90 g/t Gold from 0.6 metres (Hole MTL10-007),
including 4 metres @ 13.52 g/t Gold from 52 metres
-99.0 metres @ 0.50 g/t Gold from 12.0 metres (Hole MTL10-001)
-68.5 metres @ 0.58 g/t Gold from 1.5 metres (Hole MTL10-004)
Results have confirmed that the northwest-southeast trending TKM Shear Zone is a near-surface, mineralized system, 60 to 100 metre in thickness. Drilling through the TKM Shear Zone, to date, has only tested the top 30 metres below natural surface. Gold mineralization is hosted in sub-parallel ptygmatic and en-echelon quartz veins and stringers.
Drilling was only carried out in areas where mineralization is exposed on surface and hosted in the highly resistant feldspar porphyry. Based on identified structural and lithological controls, alteration and silicification, higher grade gold mineralization over wide widths may be present within the sub-parallel underlying mica schist or mica gneiss units. These underlain mica schist and mica gneiss formations are not exposed on surface and are covered by thick overburden.
The planned bedrock and lithogeochemical shallow drilling program is designed to systematically sample across strike and trends of the various lithologic units to locate favourable units with highly anomalous gold values. Initial drilling will be spaced at 50 metres with several cross lines. If results warrant, more detailed sampling program will be intiated to define targets for diamond core drilling. These cross lines will also cover Ylijoki and Sikikangas targets.
The Seinajoki project area also consists of the Katiaala prospect located 15 kilometres east of the Seinajoki gold prospects. The paleo-proterozoic pegmatites in the Kaatiala and Seinajoki area host tin, tantalum, berylium, niobium, tungsten, caesium and lithium mineralization. The Kaatiala reservation covers a quarry which produced 18 tonnes of beryl, 5 tonnes of columbite and 190,000 tonnes of rare mineral calcium feldspar, according to the information obtained from GTK. GTK considers Kaatiala pegmatites to be one of richest in tantalum, niobium and lithium. Beryl is the source for beryllium and columbite is the source for tantalum and niobium.
Mohan R. Vulimiri, M.Sc., P.Geo. Executive Chairman and CEO is the Qualified Person responsible for the contents of this press release.
About Nortec Minerals
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the Tammela Gold & Lithium Project in south-west Finland. Nortec has a 100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Project in north-central 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. The Company signed a Memorandum of Understanding with Akkerman to earn a 80% interest in the Karhujupukka Iron-Titanium-Vanadian-PGE-Au-Cu-Ni project in Northern Finland. Information on the Company's projects can be referred to on www.nortecminerals.com
Nortec has at present working capital of $3.3 million dollars in cash and 2,660,408 shares of Finore. Finore's shares trade on the Canadian National Stock Exchange under the symbol 'FIN'. Nortec is well-financed for exploring the Seinajoki, Tammela and Karhujupukka projects. All projects have excellent potential with good infrastructure and access.
On behalf of the Board of Directors, NORTEC MINERALS CORP.
"Mohan R. Vulimiri"
Mohan R. Vulimiri
Executive Chairman & CEO
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.