Nortec Minerals Corp.

Nortec Minerals Corp.

March 30, 2011 15:08 ET

Nortec Minerals Updates Results From Seinajoki Gold Project in Western Finland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2011) - Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ) ("Nortec" or the "Company"), is pleased to announce an update on the assay results from the Marttalanniemi prospect following the completion of the follow-up sampling programme last quarter. The Marttalanniemi prospect is located in the north-central part of the Seinäjoki Gold Project in western Finland. The Company has an option to earn a 100% interest in the Seinäjoki Project from Akkerman Exploration B.V. ("AEbv"), a private company based in the Netherlands.


  • 87.4 metres @ 0.90 g/t Gold from 0.6 metres (Hole MTL10-007)
  • 99.0 metres @ 0.50 g/t Gold from 12.0 metres (Hole MTL10-001)
  • 68.5 metres @ 0.58 g/t Gold from 1.5 metres (Hole MTL10-004)

In 2010, Nortec drilled 9 holes, for 750 metres, on the Marttalanniemi prospect to test the mineralized drill intercepts identified in the archive drill core from holes drilled by the Geological Survey of Finland ("GTK") during the 1970's and 1980's. Based on the initial results (see News Release September 8, 2010), a follow-up sampling programme of the Nortec drill core and the available GTK drill core was designed to sample, where possible, across the Tervasmäki-Kalliosalo-Marttalanniemi ("TKM") Shear Zone. An updated table of the assay results for gold from both the Nortec and GTK drill core a shown below.

Hole_ID From (m) To (m) Interval (m) Gold g/t   Mineralized Zone
MTL10-001 12.00 111.00 99.00 0.50   TKM Shear Zone
including 51.00 70.00 19.00 1.24   C-Zone
including 85.00 88.00 3.00 1.27   N-Zone
MTL10-002 6.00 10.00 4.00 0.77   N-Zone Only
MTL10-003 25.00 41.00 16.00 0.27   TKM Shear Zone
including 25.00 27.00 2.00 0.51   C-Zone
including 39.00 41.00 2.00 0.53   N-Zone
MTL10-004 1.50 70.00 68.50 0.59   TKM Shear Zone
including 12.00 24.00 12.00 1.39   C-Zone
including 49.00 63.95 14.95 1.08   N-Zone
MTL10-005 8.00 11.00 3.00 0.51   TKM Shear Zone
MTL10-005 31.00 34.00 3.00 1.05   C-Zone
MTL10-005 48.00 49.00 1.00 1.15   N-Zone
MTL10-006 14.00 39.70 25.70 0.31   TKM Shear Zone
MTL10-006 14.00 17.00 3.00 1.11   C-Zone
MTL10-006 37.00 39.70 2.70 0.70   N-Zone
MTL10-007 0.60 88.00 87.40 0.90   TKM Shear Zone
including 0.60 4.00 3.60 0.97   S-Zone
including 52.00 67.00 15.00 3.92   C-Zone
with 52.00 56.00 4.00 13.52   C-Zone
including 84.00 88.00 4.00 1.01   N-Zone
MTL10-008 39.00 41.00 2.00 NSI   Greissen Zone
MTL10-009 60.00 109.35 49.35 0.44   TKM Shear Zone
MTL10-009 73.00 74.00 1.00 5.38   C-Zone
MTL10-009 97.00 99.00 2.00 1.17   N-Zone
R332 147.20 149.20 2.00 0.55   TKM Shear Zone
R341 10.00 13.00 3.00 0.50   N-Zone Only
R342 NSI NSI NSI NSI   Hanging wall only
R343 26.00 132.20 106.20 0.41   TKM Shear Zone
including 33.20 37.20 4.00 2.69   S-Zone
including 83.95 86.95 3.00 1.84   C-Zone
R344 51.00 53.00 2.00 0.61   TKM Shear Zone
R345 31.80 33.00 1.20 0.50   TKM Shear Zone
R346 NSI NSI NSI NSI   Foot wall only
R347 64.50 67.50 3.00 5.75   Greissen Zone
R348           Not sampled
R349           Not sampled
R415 60.30 126.30 66.00 0.43   TKM Shear Zone
including 64.30 74.30 10.00 1.10   S-Zone
including 95.30 98.30 3.00 1.37   C-Zone
R416 36.00 84.00 48.00 0.49   TKM Shear Zone
including 38.00 41.00 3.00 1.76   S-Zone
R419 NSI NSI NSI NSI   Foot wall only
R420           Not sampled
R421           Not sampled
R422 NSI NSI NSI NSI   Foot wall only
R423           Not sampled
R424 2.00 11.00 9.00 0.53   TKM Shear Zone
R425           Not sampled
R426 13.75 14.35 0.60 3.26   TKM Shear Zone
R427           Not sampled
R428 6.40 9.55 3.15 0.47   TKM Shear Zone
R429 NSI NSI NSI NSI   Foot wall only
R430 1.50 25.40 23.90 0.41   TKM Shear Zone
including 1.50 6.00 4.50 0.93   S-Zone
including 22.00 25.40 3.40 1.02   C-Zone
R431           Not sampled
R432           Not sampled
R433           Not sampled
R434           Not sampled
R435           Not sampled

Results are from samples selected by Nortec only. Historical assay results have NOT been included. Samples were submitted to ALS Chemex in Outokumpu for Ore grade Gold by fire assay fusion and AAS finish (FA-AAS), along with a multi-element (48 elements) acid digestion-acid leach process with an ICP-MS or ICP-AES finish. Best intercepts were calculated with a cut-off grade of 0.25g/t Gold. NSI = No significant intercept.

Results from the follow-up sampling programme have confirmed that the northwest-southeast trending 700-metre long TKM Shear Zone is a near-surface, mineralised system, 60 to 100 metre in thickness. Drilling through the TKM Shear Zone, to date, has only tested the top 30 metres below natural surface and confirmed the presence of 3 high grade mineralized lenses between 0.5 and 15 metres in width. Gold mineralisation is hosted in sheared and metamorphosed quartz veins within a plagioclase-porphyry rock. Mineralisation is open at depth and to the south-west and open along strike to the northwest and southeast. Based on identified structural and lithological controls, alteration and silicification, Nortec anticipates higher grade gold mineralisation within a more favourable host rock (such as the mica schist or mica gneiss) down dip and down plunge from the mineralisation already intersected near surface within the TKM Shear Zone. The next phase of drilling has been designed to target these zones down-dip and along strike.

Commenting on the announcement, Mr. Mohan Vulimiri, Chairman and CEO of Nortec stated, "These results show that several sub parallel higher grade shoots associated with mica schists and mica gneisses are present within the TKM Shear Zone which could average out in to wide intersections. This type of mineralization is present and well documented in the Klondike Schist in the Tintina Belt, Yukon. I am confident that with more systematic drilling, potential large gold zones will be defined. The Riukka and Satulinmäki zones in the recently announced Tammela project area also show bonanza gold grades amongst lower grade mineralized zones within similar geological environments."

Further information about these results regarding the Marttalanniemi Prospect, including drill hole collar tables, best drill-hole assay intercept tables, drill plans and sections will become available on the Nortec website

The Seinäjoki Gold Project is located in western Finland and is made up of over 5,500 hectares of contiguous claims covering the TKM Shear Zone; the Sikakangas-Tulisilma district and the Ylijöki Shear Zone. The other major targets, Sikakangas and Ylijöki, will be included in future drill campaigns upon completion of further surface sampling and geological mapping along with the completion of the re-logging and re-sampling of archive drill core stored at the Geological Survey of Finland's storage facility located in southern Finland.

Mr Turkka Rekola, M.Sc, Project Geologist in Finland and, Mr Ian F. Laurent, MSc.(EconGeol) MAIG RPGeo, President for Nortec, are the persons responsible for initiating and guiding of the work programs on the Seinäjoki Project. Ian F. Laurent is the Qualified Person responsible for the contents of this press release.

About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinäjoki Gold Property and Kaatiala Beryllium-Rare Earth Property in western Finland.

Nortec has a 100% interest in the Tammela Gold & Lithium Project in south-west Finland; a 100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Project (the combined Kaukua & Haukiaho Projects) in north-central Finland, a minimum 51% interest with an option to earn 100% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, an option to acquire 51% interest in the Ganarin Gold-Silver Property, Ecuador.

On behalf of the Board of Directors,


Ian F. Laurent, President

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.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

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