Vancouver, BC / TNW – Accesswire / June 6, 2018 – NORTEC MINERALS CORP. (the “Company” or “Nortec”) (TSXV: NVT) – is pleased to announce that Dr. Serigne Dieng Ph.D., M.Sc., AusIMM, has joined the Company’s technical team as Senior Consulting Geologist to provide exploration services in connection with the Company’s earn-in joint venture of the Tomboko Project and other holdings in North-eastern Guinea, West Africa. He has over 20 years’ experience in geological and structural interpretation, modelling and target generation of various types of deposits in West Africa and Canada.
Dr. Dieng received his Ph.D. in Structural Geology, Exploration Geochemistry and Ore Deposit Genesis from Queens University, Kingston, Ontario. He is a registered professional geoscientist in accordance with NI 43-101 and JORC standards. Dr. Dieng will be reviewing and compiling all the diamond core, RAB and trench sampling data and results received to date. He will also carry out structural analysis and interpretation to define targets for future work programs. He is well-versed with the Tomboko, Kouroussa and Badamako projects having worked on the permits from January 2012 to October 2014.
Serigne said: “I am pleased to be joining the Tomboko Project team and to be leading the exploration programs and potential future development on their Guinea project portfolio. I have extensive experience in the discovery of the Tomboko, Kouroussa and Badamako large gold targets and other deposits in North-eastern Guinea and I’m confident in the Company’s ability to develop their projects to the next level.”
Mohan Vulimiri, Chairman and CEO said: “We are pleased to have Serigne joining our Tomboko team and leading the target definition and potential future development of our Guinea Projects.”
Further to the Company’s press release dated February 26, 2018, announcing the closing of the Private Placement, Nortec announces an additional subscription agreement of 180,000 shares for proceeds of $19,800. Private placement funds raised totals $1,006,329.95 consisting of 9,148,454 units at a subscription price of $0.11. Each Unit consists of one common share of the Company and one transferable common share purchase warrant (“Warrant”) to acquire one additional common share for a period of two years at an exercise price of $0.24 per share.
Mohan R. Vulimiri, M.Sc., P.Geo., CEO, 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 Lithium and Gold 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 gold prospects that comprise the Tammela Project. Drilling on the Kietyonmaki returned values of 42.1m at 1.05% Li2O from 17.9m downhole, including 24.2m at 1.44% Li2O from 17.9m and 9m at 2.00% Li2O from 29m downhole. 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,
“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.