Nortec Minerals announces Extension of the Second Tranche of the Private Placement
November 13, 2017

Vancouver, BC / TNW – Accesswire / Vancouver, B.C., December 4, 2017 – Nortec Minerals Corp. (TSX-V: NVT; OTC-PK: NMNZF) (the “Company” or “Nortec”) – Nortec announces that Energold Drilling (EMEA) Limited, has completed seven diamond core holes on the TOM-1 Target, Tomboko Project, Northeastern Guinea, West Africa (Figure 1).  Five holes, TBDD003, 004, 005, 006 and 007 were drilled on Priority 1 Target and two drill holes TBDD0001 and 002 were drilled on Priority 3 Target (Figures 2 and 3).  The holes were designed to intersect the source of the significant northwest trending soil and termite anomalies. All drill holes intersected zones of intense silicification, alteration and brecciation with pyrite.  All the samples have been sent for analyses and results will be released upon receipt.

The core drilling program has been halted pending receipt of the assays from these seven drill holes.  This will both conserve funds and allow time to interpret the geology and plan the next drilling phase.   The next phase is expected to commence in January 2018, and as the rainy season is over (July – October) will consist of less expensive Rotary Air Blast (RAB) and Reverse Circulation Drilling (RC).  Focus will be on the rest of the termite mound anomalies on the Tom 1 target, geochemical soil and termite mound anomalies, as well as artisanal workings on the Tom 2 and Tom 3 targets.  This is intended to further assist in defining target areas for delineating the mineralized zones.

Mohan Vulimiri, CEO and Chairman comments, “We are very pleased to have started the drill program on the Tomboko project after many delays due to the rainy season.  We are looking forward to continuing exploration program with RAB and RC drilling on the identified geochemical anomalies and artisanal working areas on the Tom 1, Tom 2 and Tom 3 Targets”

Details with respect to the geology and historical geochemical results are contained in press releases on the Company’s website.  Further to the Company press release dated November 7, 2017, the Nortec is amending and updating the NI-43-101 Technical Report on review and comments by TSX Venture Exchange.  The Report was filed on SEDAR on November 8, 2017.

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,

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.

Figure 1:   Location Map. Guinea, West Africa

Figure 2:  Outcrop Grab Sampling Results – Tom 1 North Target and Termite and Soil Geochemical Anomalies, Tom 1 North, Tom 1 South and Tom 3 targets – Tomboko PermitNote that grab samples may not necessarily be representative of the rock unit or the mineralization style being sampled.

 

Figure 3:  Completed core drill holes, TBDD0001, 0002, 0003, 0004, 0005, 0006 and 0007 (all holes were drilled at -50° dip and an azimuth of 50°) – Tom 1 North Target, Tomboko Permit.