Nortec Minerals Updates Results From Seinajoki Gold Project in Western Finland
Published : March 30, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Beryllium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2011) - Nortec Minerals Corp. (News - Market indicators)(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 Seinäjoki Gold Project in western Finland. The Company has an option to earn a 100% interest in the Seinäjoki 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 Tervasmäki-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.

Hole_ID From (m) To (m) Interval (m) Gold g/t   Mineralized Zone
MTL10-001 12.00 111.00 99.00 0.50   TKM Shear Zone
including 51.00 70.00 19.00 1.24   C-Zone
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
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
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
R425           Not sampled
R426 13.75 14.35 0.60 3.26   TKM Shear Zone
R427           Not sampled
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 Satulinmäki 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 Seinäjoki 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 Ylijöki Shear Zone. The other major targets, Sikakangas and Ylijöki, 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, MSc.(EconGeol) MAIG RPGeo, President for Nortec, are the persons responsible for initiating and guiding of the work programs on the Seinäjoki 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 Seinäjoki 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.

Nortec Minerals Corp.
Ian F. Laurent
President
+1 604-717-6246
+1-604-683-9649 (FAX)
www.nortecminerals.com
Data and Statistics for these countries : Canada | Ecuador | Finland | Netherlands | All
Gold and Silver Prices for these countries : Canada | Ecuador | Finland | Netherlands | All

Nortec Minerals Corp.

EXPLORATION STAGE
CODE : NVT.V
ISIN : CA65655Q1037
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Nortec is a palladium and platinum exploration company based in Canada.

Its main exploration properties are TL in Canada, KAATIALA, SEINÄJOKI, TAMMELA and LK in Finland and GANARIN in Ecuador.

Nortec is listed in Canada. Its market capitalisation is CA$ 991 000 as of today (US$ 725 120, € 673 129).

Its stock quote reached its highest recent level on March 04, 2011 at CA$ 2.28, and its lowest recent point on December 23, 2022 at CA$ 0.01.

Nortec has 49 550 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Nortec Minerals Corp.
3/9/2009announces definition drill program on the Kaukua PGE+Au disc...
7/5/2007Shareholders Approval of Private Placement Financing
7/5/2007Closes Second Tranche of Flow-Through Private Placement
6/6/2007Closes 1st Tranche of the Flow Through Private Placement of ...
4/24/2007Flow-Through Private Placement
Nominations of Nortec Minerals Corp.
1/20/2009announces Appointments
Project news of Nortec Minerals Corp.
4/18/2012commences Bedrock and Lithogeochemical Sample Drilling Progr...
4/10/2012(Lk)receives highest grades to date at Haukiaho, LK PGE-Au-Cu-Ni...
3/31/2011(Seinäjoki)s Results From Seinajoki Gold Project in Western Finland
3/25/2011(Lk)NI 43-101 Technical Report for LK Project Filed on SEDAR
3/1/2011(Tammela)Confirms Gold Mineralization at Tammela
2/22/2011(Lk)LK Project Confirmed as a Large Tonnage NI 43-101 Compliant ...
5/12/2010(Seinäjoki)Signs drill contractors for Seinajoki Gold Project
1/13/2010(Kaukua)Receives positive metallurgical results from Kaukua
9/16/2009(Kaukua)Two new targets, Kaukua PGE-Au-Ni-Cu project, Finland
2/12/2009(Kaukua)Results Received From Exploration Drill Holes Expand Potenti...
3/6/2008(Kaukua)Starts Phase Two Diamond Core Drilling At Kaukua Platinum-Pa...
2/12/2008(Kaukua)Announces Diamond Core Drilling To Commence First Week of Ma...
1/9/2008(Kaukua) Announces Core Hole Kau 07-07 Returned High Palladium, Plat...
6/19/2007(Koillismaa)Completes First Drill Hole, Musta Target, on the Koillismaa-...
Corporate news of Nortec Minerals Corp.
5/19/2016Default Announcement Pursuant to National Policy 12-203
5/19/2016Nortec Minerals Provides Bi-weekly Default Status Report
5/19/2016NORTEC ANNOUNCES JOINT VENTURE AGREEMENT FOR TAMMELA LITHIUM...
4/21/2016Nortec Minerals announces New Private Placement
11/17/2014Nortec Minerals withdraws and cancels the Memoranda of Under...
3/12/2012(Lk)receives further drilling results at Haukiaho, LK PGE-Au-Cu...
4/14/2010Samples 5.75 g/t Au over 3.0 m at Sein?joki
2/25/2010Engages Torrey Hills Capital as Investor Relations Consultan...
2/4/2010Rock chip sample returns 69.8g/t Gold from Sein=E4joki Pr
10/28/2009Project Acquisition Update
10/15/2009Acquires the Haukiaho Palladium-Platinum-Gold-Copper-Nickel ...
10/14/2009Acquires Rare Earth Metals Area Reservation, Seinajoki Proje...
9/29/2009To acquire Seinajoki Gold Project, Finland
9/10/2009Granted claim reservations on the Tammela Lithium Project in...
6/27/2008Kingurutik River Property Agreement
12/5/2007 Announces Core Hole Kau07-04 Returned High Palladium, Plati...
11/28/2007Announces Diamond Core Drilling Returned Significant Palladi...
11/18/2007 Announces The Completion of Diamond Core Drilling on the Ka...
10/3/2007 Announces the Commencement of Diamond Core Drilling on the ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (NVT.V)
0.020+0.00%
TSX-V
CA$ 0.020
05/06 13:36 -
0%
Prev close Open
0.020 0.020
Low High
0.020 0.020
Year l/h YTD var.
0.020 -  0.050 -%
52 week l/h 52 week var.
0.020 -  0.050 -33.33%
Volume 1 month var.
14,000 -20.00%
24hGold TrendPower© : -15
Produces
Develops
Explores for Antimony - Beryllium - Copper - Gold - Lithium - Nickel - Palladium - Platinum - Rare earth - Silver - Tantalum - Tin
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%0.050.02
2023-33.33%0.050.02
202250.00%0.030.01
20210.00%0.060.02
2020100.00%0.050.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.74-0.58%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.18-0.97%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.72+1.41%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.58-1.53%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05-0.06%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.56%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.94+2.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 49.90-0.44%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+2.78%Trend Power :