Nortec (NVT) Completes First Drill Hole, Musta Target, on the Koillismaa-Naranka Property, Northeastern Finland
Vancouver, B.C., June 19, 2007: Further to the news release dated May 30, 2007 (�Press Release�), Nortec Ventures Corp. (TSX-V:NVT), ("Nortec" or the "Company"), announces the completion of drill hole K07-02 on the Musta Target. The drill hole was drilled south at an angle of -65� to a depth of 352.5 metres and was terminated in the Archean basement rocks of gneissic composition. The hole penetrated 240 metres of layered ultramafic rocks. 100 samples of one metre length are being prepared and sent to the Geological Survey of Finland (�GTK�) geochemical laboratory located in Rovaniemi, Northern Finland. Results will be released on receipt. The turnaround time for analyses is expected to be three weeks.
At present the drill is being mobilized to the drill site K07-03. Hole K07-03 will be drilled towards the south at an angle of -55�, and it is designed to test the Pyhitys target at depth. The Pyhitys target was delineated by geological mapping and geophysical surveys by GTK and geochemical (fertility analyses) by Pertti Lamberg Outotec Research Oy, Finland. The drill hole is estimated to be 500 to 600 metres long. Details with regards to this drill hole will be released in a timely fashion.
Hole K07-01 designed to test the western portion of the Musta target will subsequently be drilled on completion of drill hole K07-03.
The Company is earning an undivided 70% interest in the Koillismaa�Naranka project from Akkerman Exploration B.V. (�AEBV�) of the
Netherlands. For further details on the geology and mineralization of the Koillismaa�Naranka Project please visit the Company's website at http://www.nortecventures.com.
Mohan R. Vulimiri, M.Sc, P.Geo., President, CEO and Director of Nortec, and Mr. Jan Akkerman, Managing Director of AEBV, are the persons responsible for initiating and guiding the work programs on the Koillismaa � Naranka Project.
About Nortec:
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company holds an option to earn a 51% interest in the Ganarin Gold-Silver Project, and a 70% interest in the Condorcocha Gold-Silver Project, both located in Southern Ecuador. Nortec is also earning a 51% interest with an option to earn 90% interested in the TL nickel property in northern Labrador. The Company is also evaluating other potential acquisitions.
On behalf of the Board of Directors,
NORTEC VENTURES CORP.
�Mohan R. Vulimiri�
Mohan R. Vulimiri, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.
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Nortec Minerals Corp.
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EXPLORATION STAGE |
CODE : NVT.V |
ISIN : CA65655Q1037 |
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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. |