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August 17, 2016 11:04 am
Vancouver, BC / TNW - Accesswire / August 17, 2016 - Further to the press release dated July 26, 2016, NORTEC MINERALS CORP. (the 'Company' or 'Nortec') (TSXV: NVT) announces that Joint Venture earn-in partner, Avalon Minerals ('Avalon') of Milton, QLD, Australia, has commenced drilling at the high grade Kietyönmäki Lithium deposit in southern Finland. Diamond drill hole KMD001 is in progress and is expected to be completed within the next several days. The figures below show the location of the drill hole which will test the main lithium bearing pegmatite dyke. KMD001 is being drilled adjacent to historical hole R307 which was completed in 1985 by the Geological Survey of Finland. Hole R307 intersected 23m at 1.53% Li2O, and finished within the pegmatite dyke, so did not test the full width of the lithium bearing dyke unit. KMD001 will test the full width of the main dyke and test other adjacent projected dyke positions on the north side. It is expected that the first assay results from this drilling program are expected in mid-September. Avalon's press release can be referred to on:
http://www.asx.com.au/asxpdf/20160817/pdf/439cr2pxb03ksd.pdf, http://avalonminerals.com.au/
The highlights are as follows:
Drilling has commenced on hole KMD001 at the Kietyönmäki lithium project.
The hole will extend the historical intersection in R307.
The drilling program will comprise approximately 16 diamond drill holes, for a total of 3,000m, testing an initial strike extent of 300m, and depth extent of 250m.
First assay results are expected in mid-September.
Tammela Minerals Oy ('NMO'), the wholly owned subsidiary of Nortec, controls 100% interest in the Somero 1 to 12 and Tammela 1 to 3 claims comprising the Tammela Project. The property hosts the Kietyönmäki Lithium prospect and the Riukka and Satulinmaki gold zones. Avalon has also submitted applications for two Exploration Reservations over an area of 117 km2 around the Somero and Tammela claims. These reservations form part of the Joint Venture with Avalon.
The Kietyönmäki drilling program will comprise approximately 16 diamond drill holes, for a total of 3,000m. It will test an initial strike extent of 300m, depth extent of 250m, across a 200m wide zone of sub-parallel outcropping pegmatite dykes individually up to 20m thick.
About the Kietyönmäki Lithium Project
The Geological Survey of Finland ('GTK') carried out extensive work comprising of geological mapping, prospecting, auger and diamond drilling in the 1970's and 1980's. GTK identified swarms of Lithium (Tin-Tantalum) bearing pegmatite dykes. Significant mineralisation is delineated within the Kietyönmäki Main Dyke ('KMD'), a large spodumene-rich (LiAlSi2O6) pegmatite dyke that can be traced for over 400m (open to the south-east) with an average width of 12 metres. The GTK drilled 17 holes (for 734 metres across 3 section lines) to test the lithium potential of the KMD along 120 metres of strike. The average drill intersection was 18m wide down to 75 metres below natural surface and continues to be open at depth.
A re-logging and re-sampling programme, carried out by Nortec in 2010 on the drill core stored at the GTK core storage facility in Loppi, southern Finland, confirmed GTK's results documented in 1985.
The GTK calculated a drill weighted-average intercept lithium grade of 1% (1.5% Li2O) for an inferred resource of 400,000 tonnes. The readers and potential investors are advised that these estimates are not compliant with the industry standard National Instrument 43-101 guidelines. Avalon has estimated an Exploration Target of 8 to15 million tonnes grading 1.4 to 1.8% Li2O. The potential quantity and grade is conceptual in nature. To date there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Riukka and Satulinmäki Gold Prospects
Re-sampling by Nortec geologists of the core drilled by GTK on both the nearby Satulinmaki and Riukka gold zones returned significant gold values.. Some of the significant results are 37.7 metres @ 1.03 g/t Gold from 51 metres (Hole R330 - Satulinmäki Prospect), 10.0 metres @ 2.47 g/t Gold from 20 metres (Hole R356 - Riukka Prospect) and 2.50 metres @ 6.81 g/t Gold from 61.35 metres (Hole R357 - Riukka Prospect).
Avalon Minerals has completed data compilation on both the Riukka and Satulinmäki gold prospects. The historical drilling results for both projects were compiled and interpreted in Three Dimensions (3D). Avalon is planning to drill the Satulinmäki prospect after the completion of the drill program on the Kietyönmäki prospect. For diagrams, please see the PDF document.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Information on the Company's projects can be referred to on www.nortecminerals.com. Mohan R. Vulimiri, M.Sc., P.Geo, CEO, Nortec Minerals, is a Qualified Person as defined by NI 43-101. Mr. Vulimiri has approved the corporate and technical content contained in this press release
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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