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eResearch

March 25, 2011 12:12 ET

eResearch Issues Update Report on Nortec Minerals Corp.

TORONTO, ONTARIO--(Marketwire - March 25, 2011) - Nortec Minerals Corp. (TSX VENTURE:NVT) is a junior mining company with a diverse portfolio of properties (1) across Finland, (2) in Labrador, Canada, and (3) in Azuay Province, southern Ecuador. 

The Company recently released its first NI 43-101 resource estimate for its Läntinen Koillismaa ("LK") project in Finland. It includes more than 688,000 ounces of palladium-platinum-gold (PGE+Au), 68,000 tonnes of copper (Cu), and 44,000 tonnes of nickel (Ni). A 15,000-metre drill program over the next few years could triple this initial resource estimate. The Company also plans to focus on the exploration of its Seinäjoki gold project that is located in a new under-explored gold district, also in Finland.

We recommend Nortec Minerals Corp. as a Speculative Buy for long-term risk-tolerant investors, and have raised our 12-month Target Price, from $0.24 to $0.50 per share.

This Press Release was prepared by eResearch and was not vetted by Nortec Minerals Corp. Further, the Recommendation and Target Prices contained in this Press Release and in the Update Report are strictly those of eResearch and, due to securities laws, are not endorsed by Nortec Minerals Corp.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

Nortec Minerals Corp. paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.

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