Nortec Confirms Gold Mineralization at Tammela
March 01 2011 - 3:05PM
Marketwired
Nortec Minerals Corp. (TSX VENTURE: NVT)(PINK SHEETS:
NMNZF)(FRANKFURT: WMQ) ("Nortec" or the "Company"), is pleased to
announce that it has confirmed the presence of gold mineralization
in the northern part of the Company's Tammela Project ("Tammela")
in southern Finland. The Company holds a 100% interest in Tammela.
Highlights:
-- 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)
-- 2.50 metres @ 6.81 g/t Gold from 61.35 metres (Hole R357 - Riukka
Prospect)
In September 2010, Nortec converted the 2,500 hectare claim
reservation that covers the Tammela Lithium Project into 30
contiguous claims for a total of 1,511 hectares. During this
process, Nortec was able to include two gold prospects, Riukka and
Satulinmaki, located only 1 kilometre north and 5 kilometres
north-west respectively of the main zone of lithium mineralization
identified on the Kietyonmaki prospect that initially made up the
Tammela Project.
Further research on the two prospects, including site visits,
identified that during the 1990's, the Geological Survey of Finland
(GTK) drilled 39 holes at the Riukka prospect and 57 holes in the
Satulinmaki prospect targeting geochemical anomalies with elevated
gold. Last quarter, Nortec carried out a relogging and select
re-sampling programme of available drill core stored at the GTK's
core storage facility in the town of Loppi, north-west of
Helsinki.
Fifteen holes (9 from Riukka and 6 from Satulinmaki) were
available for inspection. The drill core was geologically logged to
identify the styles and controls of gold mineralization from both
prospects. Samples were selected from 13 of the 15 holes logged for
a total of 414 samples (141 samples from Riukka and 273 from
Satulinmaki). The best assay intervals from the samples taken by
Nortec are shown in the Table 1 below. Best assay results from
Riukka drill holes not available for inspection but documented in
public domain GTK reports are shown in Table 2.
Table 1: Best drill intercepts from Nortec sampling of archive drill core.
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From To Interval Gold
Hole_ID (m) (m) (m) g/t Prospect Comments
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R329 13.40 20.50 7.10 1.67 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
R330 51.00 88.70 37.70 1.03 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
including 58.50 61.50 3.00 3.85 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
including 84.20 88.70 4.50 3.37 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
R332 19.60 20.60 1.00 1.16 Riukka Nortec sampling
---------------------------------------------------------------------------
R333 NSI NSI NSI NSR Riukka Nortec sampling
---------------------------------------------------------------------------
R334 29.20 34.20 5.00 1.60 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
R340 20.80 31.80 11.00 0.48 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
R356 20.00 30.00 10.00 2.47 Riukka Nortec sampling
---------------------------------------------------------------------------
including 21.00 24.00 3.00 7.37 Riukka Nortec sampling
---------------------------------------------------------------------------
R357 61.35 63.85 2.50 6.81 Riukka Nortec sampling
---------------------------------------------------------------------------
R358 NSI NSI NSI NSR Riukka Nortec sampling
---------------------------------------------------------------------------
R366 NSI NSI NSI NSR Riukka Nortec sampling
---------------------------------------------------------------------------
R374 53.00 56.00 3.00 0.66 Riukka Nortec sampling
---------------------------------------------------------------------------
R385 13.00 15.00 2.00 1.57 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
R386 40.00 43.00 3.00 0.56 Satulinmaki Nortec sampling
---------------------------------------------------------------------------
Notes: Samples taken by Nortec were submitted to ALS Chemex in Outokumpu for
Ore grade Gold by fire assay with an AAS finish (FA-AAS). Best intercepts
were calculated using a cut-off grade of 0.4g/t Gold and a maximum internal
waste of 2 metres. NSI = No significant Interval. NSR = No significant
Result.
Table 2: Best drill intercepts from GTK drill core at Riukka
---------------------------------------------------------------------------
From To Interval Gold
Hole_ID (m) (m) (m) g/t Prospect Comments
---------------------------------------------------------------------------
R353 3.50 4.50 1.00 35.50 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R354 36.10 36.90 0.80 1.92 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R363 50.00 51.50 1.50 0.54 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R363 81.30 82.30 1.00 0.50 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R364 53.00 59.00 6.00 0.50 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R365 17.00 18.00 1.00 1.69 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R369 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R370 18.00 19.00 1.00 1.28 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R373 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R375 31.00 42.00 11.00 0.60 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R376 47.50 48.50 1.00 1.17 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R377 37.00 38.00 1.00 0.64 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R378 61.00 63.00 2.00 0.77 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R399 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R400 25.20 30.70 5.50 2.00 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R401 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R402 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R403 53.60 54.60 1.00 0.67 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R404 22.10 23.10 1.00 2.22 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R406 17.70 18.70 1.00 0.56 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R407 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R408 73.00 74.00 1.00 0.61 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R410 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R411 42.50 43.10 0.60 1.10 Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R412 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
R433 NSI NSI NSI NSR Riukka GTK REPORT : 2007
---------------------------------------------------------------------------
Source: GTK report "Karkkainen et al., 2007. GTK Report
M06/2024/2007/1/10/69"
The Riukka and Satulinmaki gold prospects are situated in the
Hame Schist Belt in southern Finland, dominated by mafic and felsic
to intermediate metavolcanic rocks. Gold mineralization at Riukka
is hosted within the arsenopyrite-pyrrhotite bearing quartz veins
and biotite-altered and silicified wall rock that is over 100m wide
and can be traced for over 1km along an east-west strike. Gold
mineralization at Satulinmaki is hosted within sulphide-tourmaline
rich quartz veins within a 400m wide biotite-altered and silicified
wallrock along a 700 metre northeast-southwest strike. Wide zones
of mineralization at Satulinmaki are confirmed by the intersection
in drill hole R330 (37.70 metres of 1.03 g/t gold).
The significant drillhole intersections have been projected onto
the Satulinmaki and Riukka GTK-generated surface geology map
confirming that the mineralization is hosted in several discrete
sub-parallel steeply plunging significant mineralized quartz-vein
hosted shoots. This suggests these shoots have the potential to
form bulk-tonnage gold deposits.
Ian Laurent, President of Nortec states, "The Company is excited
to not only have a 100% interest in a project that contains an
important strategic commodity like lithium, but that within that
same project, only 1 km to the north of the main lithium prospect,
there is near-surface gold mineralization delineated and
systematically studied by the GTK. Nortec confirmed the GTK results
by re-sampling the archive drill holes. This really does create a
new dynamic in how the company will conduct exploration in this
multi-commodity district. We are looking forward to adding to this
discovery with the aim of delineating potential gold resources
along with lithium from the Tammela Project."
With the addition of the Riukka and Satulinmaki gold prospects,
along with the original Kietyonmaki lithium prospect, Nortec
regards the Tammela Project as an important and strategic
acquisition. An exploration programme is being designed to help
further delineate the bulk-style gold mineralization over wide
widths identified at Riukka and Satulinmaki.
Gold exploration and mining has been very active in the
Tampere-Hame district since 2001. Australian mining company, Dragon
Mining, is operating the Orivesi and Jokisivu Gold Mines,
approximately 80km north of the Nortec's Tammela Project.
The Kietyonmaki Prospect, to the south of Riukka, remains an
important area as it contains significant lithium mineralization;
including 9 metres @ 1.03% Lithium (see Nortec News Release
February 10, 2010). The lithium mineralization is also complemented
by very low iron and magnesium content. Demand for lithium,
continues to grow due to lithium applications in automobile and
hi-tech batteries. Lithium projects in Finland have become
increasingly important to European manufacturers as it addresses
their concerns regarding security in the supply of lithium.
Mr Turkka Rekola, M.Sc,, Project Geologist - 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 Tammela 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 a 100% interest in the
Tammela Gold & Lithium Project in south-west Finland; 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.
On behalf of the Board of Directors
NORTEC MINERALS CORP.
Mohan R. Vulimiri, Executive Chairman & CEO
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
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