Nortec Ventures Corp.
TSX VENTURE : NVT

Nortec Ventures Corp.

January 09, 2008 09:00 ET

Nortec Ventures (NVT) Announces Core Hole Kau07-07 Returned High Palladium, Platinum and Gold Values Over Significant Widths, Kaukua Property, Northeastern Finland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2008) - Further to the press release dated December 4, 2007, Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company"), announces geochemical analyses from core hole Kau07-07 returned from 1.3 gms/tonne Palladium, Platinum and Gold ("PGE + Au") over true width of 41 metres to 2.38 gms/tonne PGE + Au over true width of 11 metres. Kau07-07 is located downdip 100 metres behind previously reported holes Kau07-03 and Kau07-04. The first four (4) diamond drill holes (Kau07-01, Kau07-02, Kau07-03 and Kau07-04) as partly reported in the previous press release returned high Platinum, Palladium and Gold values, and Nickel and Copper values over significant lengths.

The Company is earning a 70% interest with an option to increase to 80% interest in the Kaukua Project from Akkerman Exploration B.V. ("AEbv"), a private company based in the Netherlands.



Kau07-07

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Gold Palladium Platinum PGE +
Width gms/ gms/ gms/ Au gms/ Nickel Copper
From To metres tonne tonne tonne tonne % %
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103 144 41 0.10 0.89 0.30 1.30 0.08 0.14
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Including 104 135 31 0.12 1.10 0.37 1.59 0.10 0.17
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Including 117 135 18 0.18 1.25 0.43 1.85 0.10 0.21
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Including 122 133 11 0.23 1.60 0.55 2.38 0.13 0.27
----------------------------------------------------------------------------
111.18 111.27 0.09 0.48 15.40 2.84 18.72 2.34 1.23
----------------------------------------------------------------------------

Results with averages over significant widths from Kau07-01, Kau07-02,
Kau07-03, Kau07-04 and Kau07-05 are as follows:

Kau07-01

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Gold Palladium Platinum PGE +
Width gms/ gms/ gms/ Au gms/ Nickel Copper
From To metres tonne tonne tonne tonne % %
----------------------------------------------------------------------------
55 78. 23 0.14 0.88 0.31 1.33 0.10 0.14
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Including 57 63 6 0.30 1.30 0.47 2.06 0.17 0.22
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Including 70 75 5 0.12 1.38 0.46 1.95 0.12 0.22
----------------------------------------------------------------------------

Kau07-02

Mineralized intervals were intersected in Kau07-02 as shown below:

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Gold Palladium Platinum PGE +
Width gms/ gms/ gms/ Au gms/ Nickel Copper
From To metres tonne tonne tonne tonne % %
----------------------------------------------------------------------------
38.25 70 31.75 0.12 0.84 0.28 1.23 0.10 0.18
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Including 38.25 47.35 9.10 0.20 1.26 0.44 1.90 0.13 0.25
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80 103 23 0.07 0.60 0.22 0.89 0.09 0.14
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119.12 119.20 0.08 0.25 12.20 5.26 17.71 3.24 0.40
----------------------------------------------------------------------------

Kau07-03

----------------------------------------------------------------------------
Gold Palladium Platinum PGE +
Width gms/ gms/ gms/ Au gms/ Nickel Copper
From To metres tonne tonne tonne tonne % %
----------------------------------------------------------------------------
72 102 30 0.08 0.76 0.26 1.11 0.09 0.12
----------------------------------------------------------------------------
Including 73.35 88 14.65 0.11 1.07 0.35 1.52 0.12 0.17
----------------------------------------------------------------------------

Kau07-04

----------------------------------------------------------------------------
Gold Palladium Platinum PGE +
Width gms/ gms/ Gms/ Au gms/ Nickel Copper
From To metres tonne tonne tonne tonne % %
----------------------------------------------------------------------------
72 107 35 0.12 1.03 0.37 1.51 0.10 0.17
----------------------------------------------------------------------------
Including 72 92 20 0.17 1.39 0.50 2.05 0.13 0.23
----------------------------------------------------------------------------

Kau07-05

----------------------------------------------------------------------------
Gold Palladium Platinum PGE +
Width gms/ gms/ Gms/ Au gms/ Nickel Copper
From To metres tonne tonne tonne tonne % %
----------------------------------------------------------------------------
55 72 17 0.04 0.39 0.17 0.64 0.09 0.09
----------------------------------------------------------------------------
55 63 8 0.04 0.50 0.20 0.75 0.17 0.19
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Rhodium, Osmium, Iridium and Rubidium analyses from all the holes are pending.

Drill Hole Kau07-06 located on the eastern-most edge of the ultramafic complex returned insignificant values, but may have overshot the mineralized horizon.

A second phase of core drilling consisting of off-set and deeper down-dip holes is being planned at the present time.

Core holes Kau07-01, Kau07-02, Kau07-03, Kau07-04 and Kau07-05 were drilled at minimum 100 metre spacing over a strike length of approximately 550 metres. Kau07-07 was drilled downdip 100 metres behind Kau07-03 and Kau07-04. All drill holes appear to trace the mineralization down dip for a distance of 250 metres from surface. The first phase program totaling 1024.70 metres consisting of 7 core holes covers an area of 700 metres strike length and 250 metres down dip. The average thickness of the mineralization intersected in the six holes is approximately 33 metres.

PGE mineralization at Kaukua is intimately associated with significant Nickel and Copper values and is predominantly hosted in pyroxenite and gabbronorite phases of the Kaukua block of the Koillismaa intrusive complex. Sulphur contents of the mineralization is generally very low, below 1%S. It is very interesting to note that a narrow sulphide-rich stringer (8 cm) was intersected in hole Kau07-02 near the bottom contact of the pyroxenite with the basement rocks and returned 12.2 gms/tonne Palladium, 5.3 gms/tonne Platinum, 0.4% Copper and 3.2% Nickel. Another stringer 9 cm wide was intersected in the mineralized zone in drill hole Kau07-07 returned 15.4 gms/tonne Palladium and 2.8 gms/tonne Platinum, 1.2% Copper and 2.3% Nickel. Geological Survey of Finland drill hole R405 also returned high grade values of 0.58% Copper, 0.73% Nickel, 2.9 gms/tonne Palladium and 0.9 gms/tonne Platinum over 0.91 metre. The Nickel values in the stringers are much higher than the Copper values, as compared to the values in rest of the mineralized zone where the Copper values are higher than Nickel. This suggests the mineralization in the stringers is not remobilized but is part of another phase of the original magmatic mineralization and could be present in the vicinity of the drilling.

The attached figure shows the location of current and Geological Survey of Finland drill holes: http://www.ccnmatthews.com/docs/108nvt_map.pdf. Detailed analyses of the drill holes can be referred to on the Company's website, www.nortecventures.com.

The analyses were performed by Labtium Oy, a Finnish Government company based in Espoo and Rovaniemi, Finland. The laboratory methods used for the analyses are as follows:



10 Drying of sample at 70 degrees C
31 Fine crushing greater than 70% less than 2 mm with Cr-steel jaws
35 Separate splitting of sample
50 Pulverizing in hardened steel bowl (max. 4 kg)
510 Aqua regia leach at 90 degrees C
704 Lead fire assay pre-concentration, 25g sub-sample
720 Sodium peroxide fusion, 0.2g sub-sample
+ 510P Multi-element analysis by ICP-AES
+ 704P Determination of Au, Pd, Pt with ICP-AES-technique
720P Multi-element analysis with ICP-AES-technique


As mentioned in the Company's previous press release, PGE mineralization at Kaukua is intimately associated with significant Nickel and Copper values and is predominantly hosted in pyroxenite and gabbronorite phases of the Kaukua block of the Koillismaa intrusive complex.

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 Kaukua Project. Mohan Vulimiri is the Qualified Person responsible for the contents of this press release.

About Nortec

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Nortec is earning a 60% interest, with an option to earn 70% interest, in the Koillismaa - Naranka project. 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% interest in the TL Nickel property in Northern Labrador. The Company is continuing to evaluate other potential acquisitions.

On behalf of the Board of Directors,

NORTEC VENTURES 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.

Contact Information

  • Nortec Ventures Corp.
    Mohan R. Vulimiri
    President & CEO
    (604) 717-6426
    (604) 717-6427 (FAX)
    Website: www.nortecventures.com