Nortec Minerals Corp.

Published : April 14th, 2010

Samples 5.75 g/t Au over 3.0 m at Sein?joki

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Antimony | Beryllium |

logo_nortec_minerals_header1.jpg

 

Nortec Minerals Re-sampling of GTK Core at Sein?joki Reveals New High Grade Gold Zone- Expanded Drill Program Planned for Q2-2010

 

Vancouver, B.C., April 14, 2010: Nortec Minerals Corp. (TSX-V: NVT; FSE: WMQ; OTC PINK: NMNZF) ("Nortec" or the "Company"), is pleased to announce that excellent gold assay results have been returned from the select sampling of archive drill core within the Sein?joki Gold Project. Assay values from the re-sampled core confirmed much of the historical data and included the discovery of a new high grade zone from 65 meters. Highlights of the re-sampling programme include intercept values of 5.75 g/t gold over 3 metres and 2.69 g/t gold over 4 metres at the Marttalanniemi Prospect (a zone not previously assayed by GTK geologists), and 1.03 g/t gold over 5 meters at the Ylij?ki Prospect. 

 

The relogging and re-sampling programme was carried out last month on drill core stored at the Geological Survey of Finland ("GTK") core storage facility in Loppi, southern Finland. Select intervals of drill core were taken from 17 holes drilled by the GTK between 1978 and 1991 on both the Marttalanniemi and Ylij?ki Prospects.

 

Nortec is awaiting the compiled validated drillhole assay dataset from the GTK (including the assay certificates), commissioned at the beginning of the year. The objective of the re-sampling programme was to confirm mineralisation from drillhole intervals, described in public domain GTK prospect reports. The best drill intercepts are tabled below and compared, where possible, to the historical GTK-reported drill intercepts:-

 

MARTTALANNIEMI PROSPECT

Nortec Sampling (2010) of GTK drill core

GTK Results from

Prospect Reports

Hole_ID

From

(m)

To

(m)

Interval

(m)

Gold

g/t

Interval

(m)

Gold

g/t

R347

64.50

67.50

3.00

5.75

NEVER

SAMPLED

including

66.50

67.50

1.00

14.30

NEVER

SAMPLED

R343

33.20

37.20

4.00

2.69

4.00

1.00

including

33.20

34.20

1.00

6.25

NO

INFORMATION

R343

83.95

86.95

3.00

Awaiting

3.00

5.10

including

83.95

84.95

1.00

Results

1.00

14.80

R424

2.00

4.00

2.00

1.45

2.00

1.30

R426

13.75

14.35

0.60

5.43

0.60

5.70

R430

22.00

25.40

3.40

0.97

3.40

0.92

YLIJ?KI PROSPECT

Nortec Sampling (2010) of GTK drill core

GTK Results from

Prospect Reports

Hole_ID

From

(m)

To

(m)

Interval

(m)

Gold

g/t

Interval

(m)

Gold

g/t

R303

3.80

4.25

0.80

2.49

0.80

10.00

R303

44.00

49.00

5.00

1.03

5.00

1.00

including

44.00

45.00

1.00

1.76

1.00

2.40

including

48.00

49.00

1.00

2.53

NO

INFORMATION

R307

31.00

37.00*

6.00

0.83

NO

INFORMATION

including

33.70

34.50

0.80

4.00

0.80

4.20

(m) = metres; g/t = grams/tonne; (*) = end of hole mineralisation

 

     Samples were submitted to ALS Chemex in Outokumpu for Ore grade Au by fire assay and AAS and 48 element acid digestion-acid leach process with ICP-MS or ICP-AES finish.

 

The previously untested portion of the archived core, which returned the best intercept from the re-sampling programme (5.75g/t gold over 3 metres at a depth of approximately 65 meters) was included in the new assays as a result of Nortec's recognition of a 3m wide zone of pyrrhotite bearing garnet-hornblende-diopside ("skarn") greissen rock within the foot-wall mica schist. What makes the discovery of this new zone even more significant is that the mineralisation can be traced a further 500m to the north north-west, as evidenced by drill hole R343, where 4m of 2.69g/t gold was encountered nearer to surface, as a highly sheared, pyrrhotite- and arsenopyrite-bearing silicified zone ("quartzite") within the feldspar porphyry intrusive host rock.

 

Nortec Executive Chairman Mohan R. Vulimiri comments, "The location of this new high grade intercept, along with its style of mineralisation should prove to be significant factors in the overall scheme of things at our Seinijoki Prospect. We have essentially discovered a gold-rich greissen or skarn zone over 500 metres in strike and is open at depth. More importantly, from our reconnaissance mapping, we believe that this is part of a stacked sequence of parallel mineralised zones at Marttalanniemi. Identifying this expected style of gold mineralisation associated with sialic intrusive rocks in archive drill core this early in the program adds significantly to the gold potential of the district."

 

Mineralisation intersected in drill hole R303 and R307 on the Ylij?ki Prospect returned similar grades to that reported by the GTK. Gold mineralisation appears to be controlled by parallel north-west trending shear zones, which can be traced several kilometres and intruded by several feldspar porphyry intrusive rocks and cut by pegmatite dykes.

 

In 1988, the GTK drilled shallow holes targeting surface geochemical and coincident geophysical anomalies. The holes averaged 50 metres in depth, testing only the top 30 metres below natural surface. The holes rarely intersected the contact between the feldspar porphyry intrusions and the mica schists, a contact zone that is deemed to have greater potential to host gold mineralisation.

 

Several styles of mineralisation have now been identified within the Sein?joki Project from both the surface reconnaissance mapping and sampling programme; and, the relogging and re-sampling of the GTK drill core.

 

These various styles include:-

 

a)     Native GOLD in dacitic to rhyodacitic metavolcanic rocks and graphitic schists, associated with native antimony, minor arsenopyrite and pyrrhotite;

b)    Disseminated stratabound antimony-gold mineralization associated with shear zones along contacts between feldspar porphyry intrusions and mica schists;

c)     Native GOLD in quartz-tourmaline veins in metavolcanic rocks;

d)    Antimony mineralization in pegmatites and metavolcanic rocks;

e)     Tin, tungsten, lithium, tantalum, beryllium, niobium and other REE mineralization in pegmatite dykes; and

f)     The recently identified high grade disseminated GOLD in pyrrhotite bearing garnet-hornblende-diopside ("skarn") greissen rock.

Nortec has completed staking over 5,000 hectares in claims within the Sein?joki district. The Company has begun discussions with drill contractors in Finland with the aim of commissioning an initial exploration drill programme by late April to early May. The drill program will aim to further delineate both the known mineralized zones and the newly discovered high grade gold bearing zones at these two prospect areas, as well as test the surface geochemical and coincident geophysical anomalies below the 50 meter feldspar porphyry contact depth.

 

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 Sein?joki-Kaatiala Gold-Antimony-Rare Earth-Lithium Property in western Finland. The Kaatiala claim 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 has a 100% interest in the Tammela Lithium-Tin-Tantalum 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"

 

Ian F. Laurent, President

 

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.

 

NORTEC MINERALS CORP.

TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF

Suite 875, Box 208, 555 Burrard Street

Vancouver BC V7X 1M8, Canada

Phone: +1 604-717-6426

Fax: +1 604-683-9649

NORTEC MINERALS Oy

Nyk?senkankaantie 3B 8,

90650 Oulu, Finland

Phone: +358 40-169-5600

NORTEC ECUADOR S.A.

Av. Florencia Astudillo y Alfonso Cordero

Edif. C?mara de Industrias

5to piso - oficina #503

Cuenca, Ecuador

Phone :  +593 7-288-1514

 

 

 

Regards,

 

Gordon Rintoul

Investor Relations

Nortec Minerals Corp.

555 Burrard St, Suite 875

Box 208, Bentall Two Centre

Vancouver, B.C., V7X 1M8 CANADA

Phone: +1-604-717-6426 - Ext. 233

Fax: + 1-604-683-9649

Email: investor_relations@nortecminerals.com

Website: www.nortecminerals.com

 

CONFIDENTIALITY: The contents of this email (and any attachments) are confidential, may be privileged and may contain copyright material of Nortec Minerals Corp or third parties. You may only reproduce or distribute the material if you are authorised by Nortec Minerals Corp. to do so. If you are not the intended recipient then any use, disclosure or copying of this email (and any attachments) is unauthorised. If you have received this email in error, please immediately delete it and any copies of it from your system and notify us via email at info@nortecminerals.com

 

Data and Statistics for these countries : Canada | Ecuador | Finland | All
Gold and Silver Prices for these countries : Canada | Ecuador | Finland | 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$ 7.79-0.89%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$ 0.20-9.30%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 :