February 10, 2017 1:40 pm

Vancouver, BC / TNW – Accesswire / Vancouver, B.C., February 10, 2017 – Nortec Minerals Corp. (TSX-V: NVT; OTC-PK: NMNZF) (the “Company” or “Nortec”) –The Golden Rule Limited (“TGR”), a private Hong Kong incorporated company, acquired a new permit, the Diguifara Permit, as part of the 80% Joint Venture Earn-in Agreement with Nortec announced January 11, 2017.  The Diguifara permit is located approximately 10 kilometres north of AngloGold Ashanti’s SAG multi-million ounce open-pit gold mine (Figures 1 & 2).  Nortec entered into a Letter of Intent (“LOI”) to acquire an 80% interest in the Tomboko Gold Property located in Guinea, West Africa held by TGR.   Nortec will also earn an 80% interest in TGR’s minority financial interests in other exploration licenses located in Guinea.

The permits are in the northern part of the Birimian Siguiri Basin, a well-known prolific gold producing area.  This part of the Basin already hosts three multi-million ounce gold mines, the Lero (Nord Gold NV), the SAG (AngloGold-Ashanti) and the Keniéro (SEMAFO) along with several other lesser mines and projects in advanced stages.  Historically, the Niger River lowlands have been the site of extensive mining of alluvial gold and high-grade quartz lode gold in the saprolite (rock altered to clay) that gave rise to several past African Empires.  Artisanal mining is still very widespread in the area today (Re: December 11, 2011 – NI 43-101 Technical Report on the Tomboko Gold Project, Denis Bray, P. Eng.).

Diguifara Permit:

The Diguifara Permit (Figure 2) totals more than 75 square kilometres and is located immediately north and on the same trend of AngloGold Ashanti’s SAG 5 million ounce gold mine.  The permit was explored in 2007 – 2008 by Wega Mining following a geochemical termite, pit and trench sampling campaign which revealed a strongly mineralized anomalous zone.  Recent work mainly consisted of detailed geological and structural mapping and geochemical termite sampling surveys which defined two (2) DIG1 and DIG2 anomalies that cover nearly 70% of the Diguifara Permit. This is based on the results of 4860 termite mound samples taken on a grid.  This work program was followed up with extensive pit sampling and rock sampling.  The best rock sample values of 736 ppb, 608 ppb and 5,960 ppb gold were obtained in siltites with quartz stringers.   The pits also returned anomalous gold values including 263 ppb @ 3.2m, 331 ppb @ 1.4 m and 210 ppb @ 1.4 m.  These values occur on the DIG1 anomaly.

Mapped tectonic structures are similar to those identified in the Tomboko area and those associated with the SAG deposit just a few kilometers south. The DIG1 and DIG2 anomalies can be traced for 10 km (Figure 2).

Planned Work Program – Tomboko Permit 

Recent work consisting of termite mound and pit sampling (over 10,000 samples) plus detailed geological mapping delineated three target areas for initial drilling: Tom-1, Tom-2 and Tom-3.    Termite mound sampling returned high gold values of 7.1 g/t, 3.5 g/t, 2.7 g/t 2.3 g/t, 2.2 g/t, 1.8 g/t, 1.7 g/t, 1.6 g/t, 1.5 g/t, 1.4 g/t, 1.2 g/t and 1.1 g/t (Figure 3).  Geochemical soil anomalies were delineated over several kilometres on all three target areas defined by a >100 ppb gold contour.  Outcrop grab sampling, consisting of 65 samples, on the Tom-1 Zone-North prospect returned high grade gold values of 84.6 g/t, 35.8 g/t, 13.9 g/t, 5.8 g/t, 4.7 g/t and 2.5 g/t.  The objective of the rock geochemical sampling was to test various rock types that are associated with the NW-trending termite gold anomalies.   Over 9779 termite mound samples and 212 bedrock samples were collected and analysed for gold.

Gold assay results rock, soil, pit and termite mound sampling returned values ranging from detection limit for the respective analyses type up to and including the maximum values listed above for each sampling type. Note that grab samples may not necessarily be representative of the rock unit or the mineralisation style being sampled.

The Company requested bids from the local drilling companies for a 2500 metre Reverse Circulation (RC) drilling and the bids are expected soon.  Nortec already has a management and technical team in place to monitor and supervise the drill program.  The program will initially be focussed on the Tom-1 Zone-North target. Drill hole pads have already been located for drilling.

The gold mineralization on the Tom-1 and Tom-2 targets appears to be hosted in highly altered, sheared brecciated sandstone and volcanic rocks of the early Paleoproterozoic age Siguiri Basin.  The SAG Mine is also hosted in the same age rocks.  The Tom-3 Prospect is hosted in quartz porphyry intrusive rocks.  The mode of occurrence of the gold mineralization at Tom-3 is similar to the 2.3 million ounce Koulékoun deposit owned by Avocet Mining, a company listed on the London Stock Exchange, located 120 kilometres to the south.  At

The Kolenlada River, which crosses all three targets in the Tomboko Permit, has the potential to host more significant alluvial placer gold deposits as extensive placer gold workings and mining activity already occurs along 35 kilometres of the river.  A detailed pitting program conducted by TGR along the Kolenlada River showed a prospective trend of high grade alluvial gold values over a minimum area of 600 metres by 200 metres.  Several pit samples returned assays  averaging 1.14 g/t gold at a pit depth of 1 metre and over an area 185 metres long and 65 metres wide.  More pitting work is required to delineate several areas of gold placer deposits.

Guinea is well known for its mineral potential (iron ore, aluminum and gold) and its long history as a sophisticated mining friendly jurisdiction.  It hosts the largest bauxite deposits and is the largest exporter of bauxite in the world.

Other News:

We are pleased to announce Darren Lindsay has joined Nortec as a Corporate and Technical Advisor.  Mr. Lindsay is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and has over 20 years experience in exploration geology for precious and base metals in West Africa, North and South America. He has worked for both junior and senior companies, including Newmont Mining Corporation, Miramar Mining Corporation, BHP Minerals Canada Ltd, Inmet Mining Corporation, and Kodiak Exploration Limited, undertaking management roles of increasing responsibility including supervision of large scale exploration and feasibility level projects. Recently, Mr. Lindsay played a key role on the teams involved in starting a junior explorer in Ghana, the identification and evaluation of the key Magino Gold Project for Prodigy Gold Incorporated, and with the expansion and feasibility level studies of the multi-million ounce Madrid and Doris gold deposits in Hope Bay, Nunavut.

The Company’s management is looking forward to working with Mr. Lindsay cultivating a fruitful relationship leading to exploration and development of advanced projects in Guinea and Ecuador.

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.  All the bedrock and termite mound samples were analysed by SGS Labs, an accredited laboratory in Bamako, Mali.  A blank was inserted every 20^th sample for quality control.

About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia.  The Company has a 100% interest in the Tammela Gold & Lithium Project in South-West Finland.  Avalon Minerals, a public Australian mining company has a 51% Stage 1 earn-in and an 80% Stage 2 earn-in joint venture on the Tammela Project.  Avalon 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.

The Company recently moved its offices to Suite 915, 700 West Pender Street, Vancouver BC.

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:   Diguifara Permit

Figure 3:  Outcrop Sampling Results and Termite and Soil Geochemical Anomalies – Tomboko Permit.