Nortec Ventures Corp.
TSX VENTURE : NVT

Nortec Ventures Corp.

June 09, 2008 13:06 ET

Nortec Announces 3-D I.P. Geophysical Survey and Phase III Diamond Drilling Program on the Kaukua Platinum-Palladium-Gold (PGE + Au)-Nickel-Copper Property, Northeastern Finland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2008) - Further to the press release dated May 26, 2008, Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company"), is pleased to announce the commencement of the 3-D Induced Polarization ("I.P.") geophysical survey on the Kaukua Platinum - Palladium - Gold (PGE + Au) - Nickel - Copper property located in Northeastern Finland. The geophysical survey will be conducted by SJ Geophysics Ltd. (Syd Visser) of Vancouver, Canada. The company also arranged to sign a Phase III 3000 metre diamond drilling contract with Nivalan Timanttikairaus OY, a Finnish drilling company based in Nivala, Finland. The Company has the option to increase the drilling to 5000 metres.

I.P. survey will cover an area of 3 square kilometres with a line spacing of 100 metres and stations every 50 metres for a total 25 line kilometres. The survey includes the area of Phases I and II drilling and the strike and down-dip extensions of the mineralized zones intersected in the drilling. The survey will assist in locating targets on strike and at depth. I.P. anomalies in areas of known disseminated mineralization will be used to compare and understand the significance of any potential chargeability anomalies at depth and on strike. The I.P. survey is expected to be completed by the end of June, 2008 in preparation for the start of diamond drilling in early July, 2008.

Detailed results to date and information on the Kaukua Property can be referred to on the Company's website www.nortecventures.com and the previous press release.

Highlights include:-

- Hole Kau08-013: 31.0m @ 2.30g/t PGE + Au, 0.21% Copper, 0.12% Nickel from 141.5m, including 5.5 metres @ 6.26g/t PGE + Au, 0.53% Copper, 0.22% Nickel

- Hole Kau08-012: 47.2m @ 1.00g/t PGE + Au, from 86.7m

- Hole Kau08-010: 32.75m @ 1.08g/t PGE + Au, 0.15% Copper, 0.09% Nickel from 102.2m

The Phase I and Phase II programs consisted of 14 holes totaling 2188 metres ranging in depth from 100 to 200 metres covering an area 600 metres by 250 metres. 13 of the 14 holes returned significant mineralization with an average width of 30 metres. The Phase III drilling program is designed to extend the mineralization area by approximately 200 metres on strike and 200 metres down-dip.

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.

Mohan R. Vulimiri, M.Sc, P.Geo., President, CEO and Director of Nortec, and 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.

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