Nortec expands Mineral Rights Holdings of the Seinajoki Gold Project, Finland
October 28 2013 - 9:29AM
Access Wire
Vancouver, British Columbia - October 28,
2013. Nortec Minerals Corp. ("Nortec" or the
"Company") (TSX-V: NVT) is pleased to
announce that it has gained access to the
prospective Sikakangas gold target which has been the focus of
exploration by the Geological Survey of Finland ("GTK") for many
years.
It is the area with
the highest grade and most consistent gold structures discovered to
date in the Seinajoki region. Example of drill intersections by the
GTK are:
-21 metres @ 1.25 g/t
Au from 4.1 metres, including 3 metres @ 7.17 g/t Au from 17.1
metres (Hole R523)
-5 metres @ 16.72 g/t
Au from 3 metres (Hole R476).
Following recent withdrawal by the
GTK, the area has been claimed by Akkerman Finland Oy, a 100%
subsidiary company of Akkerman Exploration B.V.
Nortec and Akkerman
Exploration have agreed to modify their existing Option Agreement,
with the inclusion of the new Sikakangas claim (under application)
in the existing portfolio of claims and the extension of the third
anniversary option payment, which is now due on September the
17th 2014.
Initial work planned on the
Sikakangas gold zone, involves resampling and assaying of the
unsampled parts of the previous GTK holes, in preparation for the
selection of follow-up drill targets aimed at down dip extension of
the mineralized structures.
A short program of 5
diamond drillholes holes earlier this year on
geochemical anomalies in the Saarikoski and Marttalanniemi Zones
has not resulted in significant gold intersections, the best being
0.6g/t over an 8 meter interval. Consequently the next phase of
exploration will be focused on the new Sikakangas Zone.
About
Nortec Minerals Corp.
Nortec is
a mineral exploration and development company based in Vancouver,
British Columbia. Nortec is the majority shareholder of
Finore Mining Inc. controlling 55%
of the issued and outstanding shares. The Company has a 100%
interest in the Tammela Gold & Lithium Project in Southwest
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. The Company recently sold its
51% interest, subject to net smelter royalties, in the TL
Nickel-Copper-Cobalt Property in Northern Labrador, Canada, to
Vulcan Minerals Inc. Information on the Company's projects can be
referred to on www.nortecminerals.com
On behalf of the Board of
Directors,
NORTEC
MINERALS CORP.
"Mohan
R. Vulimiri"
Mohan R. Vulimiri, CEO
and Chairman
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.
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