Nortec Minerals Updates Results From Seinajoki Gold Project in Western Finland
March 30 2011 - 3:07PM
Marketwired
Nortec Minerals Corp. (TSX VENTURE: NVT)(PINK SHEETS:
NMNZF)(FRANKFURT: WMQ) ("Nortec" or the "Company"), is pleased to
announce an update on the assay results from the Marttalanniemi
prospect following the completion of the follow-up sampling
programme last quarter. The Marttalanniemi prospect is 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:
-- 87.4 metres @ 0.90 g/t Gold from 0.6 metres (Hole MTL10-007)
-- 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)
In 2010, Nortec drilled 9 holes, for 750 metres, on the
Marttalanniemi prospect to test the mineralized drill intercepts
identified in the archive drill core from holes drilled by the
Geological Survey of Finland ("GTK") during the 1970's and 1980's.
Based on the initial results (see News Release September 8, 2010),
a follow-up sampling programme of the Nortec drill core and the
available GTK drill core was designed to sample, where possible,
across the Tervasmaki-Kalliosalo-Marttalanniemi ("TKM") Shear Zone.
An updated table of the assay results for gold from both the Nortec
and GTK drill core a shown below.
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Gold
Hole_ID From (m) To (m) Interval (m) g/t Mineralized Zone
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MTL10-001 12.00 111.00 99.00 0.50 TKM Shear Zone
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including 51.00 70.00 19.00 1.24 C-Zone
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including 85.00 88.00 3.00 1.27 N-Zone
---------------------------------------------------------------------------
MTL10-002 6.00 10.00 4.00 0.77 N-Zone Only
---------------------------------------------------------------------------
MTL10-003 25.00 41.00 16.00 0.27 TKM Shear Zone
---------------------------------------------------------------------------
including 25.00 27.00 2.00 0.51 C-Zone
---------------------------------------------------------------------------
including 39.00 41.00 2.00 0.53 N-Zone
---------------------------------------------------------------------------
MTL10-004 1.50 70.00 68.50 0.59 TKM Shear Zone
---------------------------------------------------------------------------
including 12.00 24.00 12.00 1.39 C-Zone
---------------------------------------------------------------------------
including 49.00 63.95 14.95 1.08 N-Zone
---------------------------------------------------------------------------
MTL10-005 8.00 11.00 3.00 0.51 TKM Shear Zone
---------------------------------------------------------------------------
MTL10-005 31.00 34.00 3.00 1.05 C-Zone
---------------------------------------------------------------------------
MTL10-005 48.00 49.00 1.00 1.15 N-Zone
---------------------------------------------------------------------------
MTL10-006 14.00 39.70 25.70 0.31 TKM Shear Zone
---------------------------------------------------------------------------
MTL10-006 14.00 17.00 3.00 1.11 C-Zone
---------------------------------------------------------------------------
MTL10-006 37.00 39.70 2.70 0.70 N-Zone
---------------------------------------------------------------------------
MTL10-007 0.60 88.00 87.40 0.90 TKM Shear Zone
---------------------------------------------------------------------------
including 0.60 4.00 3.60 0.97 S-Zone
---------------------------------------------------------------------------
including 52.00 67.00 15.00 3.92 C-Zone
---------------------------------------------------------------------------
with 52.00 56.00 4.00 13.52 C-Zone
---------------------------------------------------------------------------
including 84.00 88.00 4.00 1.01 N-Zone
---------------------------------------------------------------------------
MTL10-008 39.00 41.00 2.00 NSI Greissen Zone
---------------------------------------------------------------------------
MTL10-009 60.00 109.35 49.35 0.44 TKM Shear Zone
---------------------------------------------------------------------------
MTL10-009 73.00 74.00 1.00 5.38 C-Zone
---------------------------------------------------------------------------
MTL10-009 97.00 99.00 2.00 1.17 N-Zone
---------------------------------------------------------------------------
R332 147.20 149.20 2.00 0.55 TKM Shear Zone
---------------------------------------------------------------------------
R341 10.00 13.00 3.00 0.50 N-Zone Only
---------------------------------------------------------------------------
R342 NSI NSI NSI NSI Hanging wall only
---------------------------------------------------------------------------
R343 26.00 132.20 106.20 0.41 TKM Shear Zone
---------------------------------------------------------------------------
including 33.20 37.20 4.00 2.69 S-Zone
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including 83.95 86.95 3.00 1.84 C-Zone
---------------------------------------------------------------------------
R344 51.00 53.00 2.00 0.61 TKM Shear Zone
---------------------------------------------------------------------------
R345 31.80 33.00 1.20 0.50 TKM Shear Zone
---------------------------------------------------------------------------
R346 NSI NSI NSI NSI Foot wall only
---------------------------------------------------------------------------
R347 64.50 67.50 3.00 5.75 Greissen Zone
---------------------------------------------------------------------------
R348 Not sampled
---------------------------------------------------------------------------
R349 Not sampled
---------------------------------------------------------------------------
R415 60.30 126.30 66.00 0.43 TKM Shear Zone
---------------------------------------------------------------------------
including 64.30 74.30 10.00 1.10 S-Zone
---------------------------------------------------------------------------
including 95.30 98.30 3.00 1.37 C-Zone
---------------------------------------------------------------------------
R416 36.00 84.00 48.00 0.49 TKM Shear Zone
---------------------------------------------------------------------------
including 38.00 41.00 3.00 1.76 S-Zone
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R419 NSI NSI NSI NSI Foot wall only
---------------------------------------------------------------------------
R420 Not sampled
---------------------------------------------------------------------------
R421 Not sampled
---------------------------------------------------------------------------
R422 NSI NSI NSI NSI Foot wall only
---------------------------------------------------------------------------
R423 Not sampled
---------------------------------------------------------------------------
R424 2.00 11.00 9.00 0.53 TKM Shear Zone
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R425 Not sampled
---------------------------------------------------------------------------
R426 13.75 14.35 0.60 3.26 TKM Shear Zone
---------------------------------------------------------------------------
R427 Not sampled
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R428 6.40 9.55 3.15 0.47 TKM Shear Zone
---------------------------------------------------------------------------
R429 NSI NSI NSI NSI Foot wall only
---------------------------------------------------------------------------
R430 1.50 25.40 23.90 0.41 TKM Shear Zone
---------------------------------------------------------------------------
including 1.50 6.00 4.50 0.93 S-Zone
---------------------------------------------------------------------------
including 22.00 25.40 3.40 1.02 C-Zone
---------------------------------------------------------------------------
R431 Not sampled
---------------------------------------------------------------------------
R432 Not sampled
---------------------------------------------------------------------------
R433 Not sampled
---------------------------------------------------------------------------
R434 Not sampled
---------------------------------------------------------------------------
R435 Not sampled
---------------------------------------------------------------------------
Results are from samples selected by Nortec only. Historical
assay results have NOT been included. 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 0.25g/t Gold.
NSI = No significant intercept.
Results from the follow-up sampling programme have confirmed
that the northwest-southeast trending 700-metre long TKM Shear Zone
is a near-surface, mineralised 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 and confirmed the
presence of 3 high grade mineralized lenses between 0.5 and 15
metres in width. Gold mineralisation is hosted in sheared and
metamorphosed quartz veins within a plagioclase-porphyry rock.
Mineralisation is open at depth and to the south-west and open
along strike to the northwest and southeast. Based on identified
structural and lithological controls, alteration and
silicification, Nortec anticipates higher grade gold mineralisation
within a more favourable host rock (such as the mica schist or mica
gneiss) down dip and down plunge from the mineralisation already
intersected near surface within the TKM Shear Zone. The next phase
of drilling has been designed to target these zones down-dip and
along strike.
Commenting on the announcement, Mr. Mohan Vulimiri, Chairman and
CEO of Nortec stated, "These results show that several sub parallel
higher grade shoots associated with mica schists and mica gneisses
are present within the TKM Shear Zone which could average out in to
wide intersections. This type of mineralization is present and well
documented in the Klondike Schist in the Tintina Belt, Yukon. I am
confident that with more systematic drilling, potential large gold
zones will be defined. The Riukka and Satulinmaki zones in the
recently announced Tammela project area also show bonanza gold
grades amongst lower grade mineralized zones within similar
geological environments."
Further information about these results regarding the
Marttalanniemi Prospect, including drill hole collar tables, best
drill-hole assay intercept tables, drill plans and sections will
become available 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, M.Sc.(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 Gold
Property and Kaatiala Beryllium-Rare Earth Property in western
Finland.
Nortec 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 (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
604-717-6246 +1-604-683-9649 (FAX) www.nortecminerals.com
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