VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - Nortec Minerals Corp. (TSX VENTURE:NVT)(FRANKFURT:WMQ) -
- 69.8g/t GOLD from 0.5m rock chip line sample at Sikakangas Prospect
- 21.1g/t GOLD from 0.8m rock chip line sample at Sikakangas Prospect
- Pegmatite rock chip sample returns 1.47% Lithium from Kalliosalo Prospect
- Elevated gold and rare earth elements (REE) mineralisation from rock chip samples on the Marttalanniemi Prospect
Nortec Minerals Corp. ("Nortec" or the "Company") is pleased to announce the excellent results from rock chip samples taken from the Seinajoki Gold Project in December last year.
High grade gold mineralisation was encountered in two lines of rock chip samples taken from outcropping bedrock on the Sikakangas prospect. A 0.5m chip line returned 69.8g/t gold hosted in quartz veins within altered metavolcanic rocks (mica gneiss). A second sample taken 25m to the south, returned 21.1g/t gold also hosted in quartz veins within altered mica gneiss.
Ian F. Laurent, Nortec's Executive VP commented, "We are very excited at these results. We are looking forward to drill testing these targets. We have always believed that Seinajoki has the potential to become a multi-million ounce gold district."
Nortec conducted a reconnaissance surface sampling programme over several prospects identified within the 10,000 hectare claim reservation covering the Seinajoki Gold Project. A total of 29 rock chip samples were collected from the Sikakangas, Marttalanniemi, Kalliosalo and Kaatiala prospects during a field visit by Nortec. The samples collected were representative of the several styles of mineralisation already identified within the Seinajoki Project, including:
- Native GOLD in dacitic to rhyodacitic metavolcanic rocks and graphitic schists, associated with native antimony, minor arsenopyrite and pyrrhotite;
- Disseminated stratabound antimony-gold mineralization associated with shear zones in metasediments;
- Native GOLD in quartz-tourmaline veins in metavolcanic rocks;
- Antimony mineralization in pegmatites and metavolcanic rocks; and,
- Tin, tungsten, lithium, tantalum, beryllium, niobium and other REE mineralization in pegmatite dykes.
Anomalous gold mineralisation (>0.2g/t) was also returned from rock chip samples at the Marttalanniemi and Kalliosalo prospects. Both prospects lie along a 5km long, northwest trending "Shear Zone". One rock chip sample from the pegmatite dyke at Kalliosalo returned lithium mineralisation (1.47% Li) and another rock chip sample from the southern part of Marttalanniemi returned elevated values (0.04%) in rare earth elements ("REE").
The Company has already begun staking claims in the Seinajoki district and will complete staking the most prospective areas before the end of February. The Company has begun discussions with drill contractors in Finland with the aim of commissioning an initial small exploration drill programme targeting these high grade gold zones identified on surface.
A presentation on the Seinajoki Project is available on the Nortec website (www.nortecventures.com).
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has an option to earn 100% interest in the Seinajoki-Kaatiala Gold-Antimony-Rare Earth-Lithium Property in western Finland and owns a 100% interest in the Tammela Lithium-Tin-Tantalum-Rare Earth Project in south-west Finland. 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 the Geological Survey of Finland ("GTK").
Nortec also has 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 90% 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, President & CEO
The statements made in this Press Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.