Nortec Ventures Corp.
TSX VENTURE : NVT

Nortec Ventures Corp.

April 22, 2008 14:55 ET

Nortec Ventures (NVT) Announces High Platinum Group and Gold Values From the Phase II Core Drilling Program, Kaukua Platinum-Palladium-Gold-Nickel-Copper Property, Northeastern Finland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2008) -

THIS NEWS RELEASE IS NOT INTENDED FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Further to the press release dated March 6, 2008, Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company"), announces the completion of Phase II diamond drilling and Platinum Group of Elements ("PGE") results from the first two of the seven drill holes completed on the Kaukua Platinum - Palladium - Gold (PGE + Au) - Nickel - Copper project located in Northeastern Finland. Nickel and copper analyses have not been received.

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.

Drill hole Kau08-009 returned over 30 metres of 1.95 grams/tonne PGE including 12 metres of 2.82 grams/tonne. These are the most significant PGE results from all the holes reported to date. Drill hole Kau08-008 also returned high values of 31 metres of 1.29 grams PGE including 19 metres of 1.66 grams/tonne. Detailed average results are as follows:



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From To Width Gold Palladium Platinum PGE + Gold
Metres gms/tonne gms/tonne gms/tonne gms/tonne
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Kau07-008
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106.26 137.33 31.07 0.11 0.88 0.31 1.29
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106.26 133.32 27.06 0.12 0.98 0.31 1.44
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107.70 131.70 24.00 0.13 1.05 0.37 1.56
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107.70 126.70 19.00 0.14 1.12 0.40 1.66
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Kau07-009
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83.75 113.95 30.20 0.16 1.35 0.44 1.95
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83.75 112.95 29.20 0.16 1.39 0.46 2.00
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86.60 98.60 13.00 0.24 1.96 0.62 2.82
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89.10 98.60 10.50 0.26 2.12 0.67 3.05
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The Phase II drilling program consisted of 7 holes totaling 1163 metres ranging in depth from 100 to 200 metres. The drilling program covered the down dip and strike extensions of the higher grade mineralization intersected in previously reported drill holes Kau07-04, Kau07-07, Kau07-02, Kau07-03 and GTK405. Phase I and Phase II programs, totaling 2188 metres, covered an area 600 metres by 250 metres. The thickness of the mineralization intersected to date averages 30 metres. The intersected widths in all the holes appear to be true thicknesses.

Significant and previously reported results to date can be referred to in the Company's previous press releases and website www.nortecventures.com. Some of the significant previously reported results include:



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From To Width Gold Palladium Platinum PGE + Nickel Copper
Metres gms/tonne gms/tonne gms/tonne gms/tonne % %
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Kau07-002
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38.25 70 31.75 0.12 0.84 0.28 1.23 0.10 0.18
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119.12 119.20 0.08 0.25 12.00 5.22 17.47 3.90 0.40
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Kau07-004
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72 107 35 0.23 1.03 0.37 1.62 0.10 0.17
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Kau07-007
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103 144 41 0.10 0.89 0.30 1.29 0.08 0.14
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Including
104 135 31 0.12 1.10 0.37 1.59 0.13 0.15
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111.18 111.27 0.09 0.48 15.40 2.84 18.72 2.34 1.23
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A third phase of core drilling consisting of deeper down-dip holes is being planned. The Company is at present in discussions with a company with a drill capable of drilling 300 to 400 metres. Nortec will inform the shareholders once the Phase III drilling contract is signed.

Nortec is also in discussions with SJ Geophysics of Vancouver, to carry out a 3-D (three dimension array) Induced Polarization (IP) survey in areas to the south and west of the mineralized zone intersected by drilling to date. This will assist in further targeting the higher grade mineralization.

Upon receipt of all the results of Phase II drilling program, Nortec will initiate a National Instrument 43-101 report to estimate the potential PGE, Nickel, and Copper resource. Polished-section and Metallurgical studies of representative mineralized core samples will also be carried to determine the nature of mineralization and PGE, Nickel and Copper recoveries.

PGE mineralization at Kaukua is intimately associated with significant Nickel and Copper values and is predominantly hosted in the lower pyroxenite, peridotite and gabbronorite phases of the Kaukua block of the Koillismaa intrusive complex near the footwall contacts with the Precambrian basement K-feldspar rich and siliceous granites.

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


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.

Other News

Nortec Ventures Corp. will terminate all exploration activities on the Koillismaa - Naranka project and it will withdraw from the Option Agreement signed with Akkerman Exploration B.V. in June 2006. Detailed evaluation of the results obtained from the 2500 metre diamond drilling of the helicopter-borne TDEM and geological targets carried out in the latter part of the year 2007 led to this decision.

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