Nortec Ventures Corp.

Nortec Ventures Corp.

July 04, 2008 13:15 ET

Nortec Announces Start of the Phase III Diamond Drilling Program on the Kaukua Platinum-Palladium-Gold (PGE + Au)-Nickel-Copper Property, Northeastern Finland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2008) - Further to the press release dated June 9, 2008, Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company"), is pleased to announce the commencement of Phase III 3000 metre diamond drilling program on the Kaukua Platinum - Palladium - Gold (PGE + Au) - Nickel - Copper Property, Northeastern Finland. The Company has the option to increase the drilling by another 5000 metres.

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.

The completed 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 for a total area of about 800 metres by 450 metres. The first tier planned holes are shown in attached figure.

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

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%
- 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
- Hole Kau07-009: 29.20m @ 2.00g/t PGE + Au, 0.24% Copper, 0.12% Nickel
from 83.75m including 13 metres @ 2.82g/t PGE + Au, 0.42% Copper, 0.15%
- Hole Kau07-004: 35.0m @ 1.68g/t PGE + Au, 0.10% Copper, 0.17% Nickel
from 72m including 20m of 2.05g/t PGE + Au, 0.23% Copper, 0.13% Nickel

To view a map of the drilling sites, please click on the following link:

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,


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)