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Message: Results Received From Exploration Drill Holes Expand Potential at Kaukua, Finlan
| February 12, 2009 | |
| Nortec Ventures Corp.: Results Received From Exploration Drill Holes Expand Potential at Kaukua, Finland | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2009) - Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company"), is pleased to announce the final results from Phase III diamond drilling program on the Kaukua Palladium--Platinum-Gold ("PGE+Au")--Copper ("Cu")--Nickel ("Ni") Project located in central Northeastern Finland. Highlights include:- - 32.95m @ 1.05g/t PGE+Au from 314.05m (Hole Kau08-035) - 18.10m @ 0.69g/t PGE+Au from 158.55m (Hole Kau08-036) - 4.95m @ 1.12g/t PGE+Au from 399.00m to Bottom-of-Hole (Hole Kau08-038) The Company has 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. A large 800m long by 200m wide 3D-IP geophysical anomaly was tested by 3 widely spaced exploration drill holes. These three exploration drill holes intersected very similar styles of geology and mineralization 500m to the south of the main zone, albeit at deeper levels. The current geological interpretation is that the mineralization encountered in these three exploration holes is the southern continuity of the main mineralized zone to the north, thereby increasing the resource potential of the Kaukua Project. From the results previously released, Nortec delineated the main Kaukua mineralized zone with a strike beyond 800m and open to the west. There is down-dip continuity to at least 350m from near--surface and is open to the south and southwest. The mineralized zone is approximately 25m in thickness with a drill intercept weighted average grade of 1.08g/t PGE+Au, 0.15% Cu and 0.11%Ni. In house resource estimates are currently being determined. Best Intercepts Since the previous press release, results have been received for PGE+Au, Cu and Ni for holes Kau08-035 ("Hole 35"), Kau08-036 ("Hole 36"), and Kau08-038 ("Hole 38"). Drill results are shown below in Table 1 (PGE+Au) and Table 2 (Cu and Ni). TABLE 1: Best Intercepts of PGE + Au from Phase III drilling at Kaukua
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Hole_ID From To Interval Gold Palladium Platinum PGE + Gold
(m) (m) (m) g/t g/t g/t g/t
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Kau08-035 314.05 347.00 32.95 0.07 0.74 0.24 1.05
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Including 327.95 339.00 11.05 0.10 1.11 0.35 1.56
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Kau08-036 60.30 66.00 5.70 0.42 0.38 0.07 0.87
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AND 250.00 269.20 19.20 0.06 0.34 0.13 0.53
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AND 281.90 300.00 18.10 0.07 0.45 0.17 0.69
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Kau08-038 267.00 279.00 12.00 0.08 0.59 0.19 0.85
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AND 360.80 377.00 16.20 0.09 0.64 0.24 0.97
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AND 399.00 403.95# 4.95 0.10 0.76 0.26 1.12
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TABLE 2: Best Intercepts of base metals (Cu and Ni) from Phase III
drilling at Kaukua
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From To Interval Copper Copper Nickel Nickel
Hole_ID (m) (m) (m) % Total lbs % Total lbs
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Kau08-035 314.05 347.00 32.95 0.17 3.75 0.13 2.92
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Including 327.95 339.00 11.05 0.25 5.42 0.20 4.44
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Kau08-036 60.30 66.00 5.70 0.27 6.04 0.16 3.56
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AND 250.00 269.20 19.20 0.12 2.72 0.12 2.65
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AND 281.90 300.00 18.10 0.15 3.26 0.10 2.26
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Kau08-038 267.00 279.00 12.00 0.18 4.02 0.16 3.42
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AND 360.80 377.00 16.20 0.19 4.19 0.13 2.81
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AND 399.00 403.95# 4.95 0.18 3.85 0.13 2.90
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NOTES:(#) equals Mineralization terminates at the bottom of hole.
g/t - grams/tonne; ppm - part per million; 0.1% equals 2lbs/ton; lower
cut-off grade equals 0.5g/t PGE+Au; Nickel results are total Nickel
contained in both sulphides and silicates;
Based on current geological interpretation results are true widths;
Three deep holes (between 350 and 400m deep) were drilled 200m apart covering the 800m x 200m west-northwest/east-southeast trending chargeability anomaly located 500m south of the main area of drilling at Kaukua (Figure 1). All three holes were drilled steeply dipping to the south. Although the holes were 200m apart and testing a large geophysical anomaly, all three holes intersected several wide zones of mineralised pyroxenite between 12 and 32m in thickness. Base metal grades remained consistent to grades intersected in the main zone. Precious metal grades overall were lower in grade suggesting metal zonation typical of magmatic differentiation and sulphide segregation in layered intrusive rocks. The best intercept from these results was intersected in Hole 35 with 32.95m @ 1.05g/t PGE+Au, 0.17%Cu and 0.13% Ni from 314.05m. The width and style of mineralization is very similar to that intersected in the main zone to the north. The latest geological interpretation suggests that this intercept in Hole 35 could well be the 500m down-plunge extension of the main zone (Figure 2.) Due to a lack of drill rods, Hole 38 terminated in mineralization hosted in the similar pyroxenite unit that was encountered in the main zone (Figure 3). Hole 36 is the most easterly hole drilled through this geophysical anomaly intersecting three zones of lower grade mineralization. Interestingly, Hole 36 intersected 2 thick sequences of pyroxenite (approximately 70m to 100m in width) containing trace to 2% disseminated sulphides dominated by chalcopyrite and pyrrhotite (Figure 4). Although this unit only contained weakly anomalous PGE+Au, Copper and Nickel grades were weakly elevated and consistent throughout both pyroxenite sequences. The base metal potential at Kaukua is also being recognized and in particular copper. Phase IV Drilling The remaining 2,000m from the 5,000m drill contract with Nivalan Drilling will be honoured by the Company as part of a Phase IV drill programme to be commissioned in February. The 2,000m will focus on the strike extent to the west and the down-plunge potential to the south-west of the main zone. The aim is to extend and add to the known area of potential resource. Laboratory and Analyses The analyses were performed by Labtium Oy, a Finnish company based in Espoo and Rovaniemi, Finland. The analyses continue to take 4 to 6 weeks to be completed. 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) 210 Hydrogen peroxide and ammonium citrate leach 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 + 240P Multi-element analysis by ICP-AES + 510P Multi-element analysis by ICP-AES + 704P Determination of Au, Pd, Pt with ICP-AES-technique The 240P method is a selective leach dissolving Nickel from sulphide minerals, e.g., pentlandite, pyrrhotite and millerite. Analyses from Drill Hole Kau07-008 shows sulphide Nickel values are approximately 0.34 times total Nickel content in the sample. Every tenth sample from all Phase III drill holes have been analyzed by this method to determine the Nickel content associated with sulphides. For further information regarding all drill results to date from the Kaukua project, including maps and cross-sections, please refer to previous news releases available on Nortec's website at www.nortecventures.com. Mohan R. Vulimiri, M.Sc, P.Geo., President, CEO and Director of Nortec; Mr. Jan H. Akkerman, Managing Director of AEbv and, Ian F. Laurent MSc.(EconGeol) MAIG RPGeo, Executive Vice President for Nortec, 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. About Nortec Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company holds an option to earn a 51% interest in the Ganarin Gold - Silver Project, located in Southern Ecuador. Nortec is also earning a 51% interest with an option to earn 90% interest in the TL Nickel - Copper - Cobalt property in Northern Labrador, Canada. The Company is continuing to evaluate other potential acquisitions. Information on Nortec's activities can be referred to on the Company's website, www.nortecventures.com. On behalf of the Board of Directors, NORTEC VENTURES CORP. Mohan R. Vulimiri, President & CEO |
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