Vancouver, BC / TNW – Accesswire / Vancouver, B.C., November 7, 2017 – Nortec Minerals Corp. (TSX-V: NVT; OTC-PK: NMNZF) (the “Company” or “Nortec”) – Pursuant to Nortec’s recent press releases the Company announces the completion of Technical Report, compliant with NI 43-101 standards, on the Tomboko Permit, Northeastern Guinea, West Africa. Mr. Simon Meadows Smith, FIMMM, FGS, of SEMS Exploration is the author of the Technical Report. The Report will be filed on SEDAR and posted on the Company’s website, www.nortecminerals.com, shortly. SEMS Exploration is a full-service mineral exploration and mining consultancy company in West Africa, providing geological, mining engineering and environmental services; from grassroots reconnaissance through mineral resource estimations, project management and mine design to the supervision of feasibility studies. Further information can be referred to on http://www.sems-exploration.com.
The Technical Report’s conclusions and recommendations are as follows.
The Tomboko Gold Project consists of an exploration licence (Permis de Recherche Minière) in the Siguiri Basin covering a surface area of 75.9 km². The Tomboko permit is ideally located in an established gold mining district and is close to two large mine operations (SAG at Siguiri and Nordgold at Lefa), one smaller gold mine at Kéniéro and advanced projects such as Kouroussa (Cassidy), Tri-K (Avocet / Managem), Yanfolila (Hummingbird) and Kalana (Endeavour).
Successful reconnaissance and follow-up geochemical surveys as well as first pass geological field mapping completed by Wega Mining in 2008 and 2009 resulted in the identification of several anomalous zones of gold mineralisation at surface within the western portion of the permit.
Additional field mapping and rock chip sampling by The Golden Rule Ltd. (TGRL) in 2012 delineated two gold prospects within the target area referred to as TOM-1. These have been named TOM-1 Nord and TOM-1 Sud. High grade rock chip samples have been collected from TOM-1 Nord prospect with values up to 84.63g/t Au.
Nortec plans to undertake a first pass diamond core drill program of over the high-grade rock chip samples reported on Tom-1 Nord prospect in the second half of October 2017 (Two drill holes were already completed to date and a third hole is in progress).
Alluvial gold mining by TGRL in 2010 exploited gold bearing gravels from within a stream channel draining off Mount Didi and sourced within the Tomboko permit.
The entire Tomboko permit remains prospective for hard rock gold mineralisation. Further work is required to better understand the controls on mineralisation identified in historical soil geochemical and rock chip surveys.
It is recommended that further mineral exploration work be undertaken on the Tomboko Permit. The following recommended activities will further advance geological understanding of the controls on gold mineralisation:
Further to the Company’s press release dated October 23, 2017, two diamond core drill holes were completed on the Tom 1 North target. The first two holes (TBDD001A, 002) were drilled at -50° to the Northeast on Priority 3 Target (50 metre and 100 metre holes) to intersect the trace of surface termite mound soil gold anomaly. The third hole (TBDD003) is currently in progress and is aimed to target the high grade surface samples (of 84.6 g/t, 35.8 g/t, 13.9 g/t, 5.8 g/t, 4.7 g/t, 2.5 g/t to trace) and the significant termite mound soil gold anomaly (Figures 1 and 2).
All the bedrock and termite mound samples were analysed by SGS Labs, an accredited laboratory in Bamako, Mali. A blank was inserted every 20th sample for quality control. The split samples are being sent to SGS Labs for analyses with standard blanks for quality control. The Company will issue press releases upon receipt of the assays.
Figure 1. Planned drill holes and the locations of completed drill holes, TBDD001, 002 and 003, Tom 1 North Zone.
Figure 2: Outcrop Sampling Results – Tom 1 North Target and Termite and Soil Geochemical Anomalies – Tomboko Permit.
Mohan R. Vulimiri, M.Sc., P.Geo, Director of Nortec and CEO of Nortec Minerals, is a Qualified Person as defined by NI 43-101. Mr. Vulimiri has approved the corporate and technical content contained in this press release.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 49% interest in the Tammela Gold & Lithium Project in South-West Finland. Sunstone Metals (formerly Avalon Minerals), a public Australian mining company has earned the 51% interest and is carrying out the 29% Stage 2 earn-in interest on the Tammela Project. Sunstone has completed more than 3,000 meters diamond drilling on the Kietyonmaki lithium prospect and the Satulinmaki and Riukka prospects that comprise the Tammela Project. Detailed information on the Company’s projects have been posted on the Company’s website www.nortecminerals.com.
|On behalf of the Board of Directors,
NORTEC MINERALS CORP.
“Mohan R. Vulimiri”
Mohan R. Vulimiri, CEO and Chairman
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
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.