Nortec signs contract for air-borne Time-domain VTEM geophysical survey, Karhujupukka Fe- Ti-V-Ni-Cu-PGE-Au Property, northern Finland
June 13, 2012
Nortec Minerals discovers New Zone from Bedrock and Lithogeochemical Sample Drilling Program, Seinajoki Gold Project, Southwestern Finland
July 12, 2012

Nortec receives very significant results from drilling at Kaukua, Finland

June 25, 2012 10:00 am

Vancouver, B.C., June 25, 2012 – Nortec Minerals Corp (the “Company” or “Nortec”) announces further significant results from the Company’s initial drill programme on the Läntinen Koillismaa palladium-platinum-gold- copper-nickel project (the “LK Project”) in north central Finland. As per the Company’s recent press releases, the LK palladium-platinum-gold-copper-nickel project was optioned to Finore Mining Corp. to earn an 80% interest by making payments of $10.5 million and work expenditures totaling $10 million over 3 years, as reported in Nortec’s recent press releases. Finore is carrying out the Phase V work program. The reader is referred to the Company’s press release dated January 31, 2012.

Highlights Include:

  • 49.55 metres @ 1.10g/t PGE+Au; 0.15% Cu; 0.10% Ni from 212.00m (Hole KAU12-053)
  • 47.00 metres @ 1.21g/t PGE+Au; 0.16% Cu; 0.12% Ni from 184.00m (Hole HAU12-052) including 6.10 metres @ 2.63g/t PGE+Au; 0.34% Cu; 0.17% Ni from 205.9m
  • 18.80 metres @ 1.85g/t PGE+Au; 0.23% Cu; 0.14% Ni from 157.30m (Hole HAU12-052) including 5.00 metres @ 2.54g/t PGE+Au; 0.30% Cu; 0.19% Ni from 158.0m
  • 3.40 metres @ 5.34g/t PGE+Au; 0.84% Cu; 0.35% Ni from 225.00m (Hole HAU12-051)

Drill hole KAU12-052 (“Hole 52”) has returned two high grade zones of palladium-platinum-gold-copper-nickel (“PGE+Au-Cu-Ni”) from the Kaukua Target (“Kaukua”), which is situated in the northern part of the LK Project. These results have extended the strike of the known mineralization 150 metres to the west.

Assay results have been returned for the first five drill holes of the 2011-12 Phase V drill programme at the Kaukua Target. To date, a total of 15 holes have been geologically and geotechnically logged with zones of potential mineralization selected for sampling and assaying. Prior to the beginning of the Phase V drill campaign; Kaukua had a total of 50 holes drilled by Nortec Minerals Corp. (TSX.V: NVT) between 2007 and 2009 and 8 historic holes drilled by the Geological Survey of Finland (“GTK”).

A portion of the current 10,000 m drill programme at LK has been designed to target the known 750 metre mineralised strike and down-dip extension at Kaukua to upgrade the Inferred Mineral Resource estimated by Watts, Griffis and McOuat (“WGM”) as part of the NI43-101 technical report submitted to Nortec (see Nortec news release dated January 31, 2012 and summary at the bottom of this press release).

Newdrill results have been received for palladium,platinum,gold, copper and nickel for holes 51 through to 55 and are shown below in Table 1. All previous drill results from Kaukua (including GTK drillholes) can be found on Nortec’s website. Nickel results are reported as total nickel contained in both sulphides and silicates. Analytical studies have been commissioned to determine the weighted average nickel content in sulphides. Drill hole collar locations are shown below in Table 2.

Table 1: PGE, Cu, and Ni assays

Hole_ID From (m) To (m) Interval (m) Pd g/t Pt g/t Au g/t PGE + Au g/t Copper % Nickel %
KAU12-051 147.00 179.20 32.20 0.41 0.14 0.03 0.59 0.07 0.08
KAU12-051 182.85 191.00 8.15 0.36 0.13 0.03 0.52 0.10 0.05
KAU12-051 225.00 228.40 3.40 3.66 1.29 0.39 5.34 0.84 0.35
KAU12-052 157.30 176.10 18.80 1.30 0.43 0.12 1.85 0.23 0.14
including 158.00 163.00 5.00 1.82 0.59 0.13 2.54 0.30 0.19
KAU12-052 184.00 231.00 47.00 0.81 0.28 0.12 1.21 0.16 0.12
including 205.90 212.00 6.10 1.61 0.52 0.50 2.63 0.34 0.17
KAU12-052 233.00 236.00 3.00 0.83 0.29 0.14 1.26 0.24 0.06
KAU12-053 192.20 207.00 14.80 0.97 0.34 0.06 1.37 0.13 0.13
KAU12-053 212.00 261.55 49.55 0.75 0.28 0.07 1.10 0.15 0.10
KAU12-054 174.00 188.70 14.70 0.49 0.18 0.03 0.70 0.08 0.09
KAU12-054 191.00 210.00 19.00 0.63 0.22 0.05 0.90 0.13 0.09
KAU12-054 220.00 236.00 16.00 0.46 0.16 0.06 0.67 0.12 0.07
KAU12-054 250.00 254.00 4.00 0.69 0.25 0.04 0.98 0.06 0.05
KAU12-054 257.00 262.90 5.90 0.36 0.12 0.03 0.51 0.06 0.05
KAU12-055 169.00 174.70 5.70 0.37 0.13 0.05 0.55 0.17 0.10
KAU12-055 266.00 268.00 2.00 0.86 0.30 0.09 1.25 0.35 0.32

NOTES: Pd – palladium; Pt- platinum ; Au – gold; Cu – copper; Ni – nickel; g/t – gram s /tonne; ppm – part per million; lower cut-off grade = 0.5g/t PGE+Au; Internal waste = 2m; NSI = No Significant Intercept; (m) = metres; n/a = not assayed

Table 2: Drill Collar locations

Hole_ID Easting (m) Northing (m) Elevation (m) Total Depth (m) Dip Azimuth
KAU12-051 3553300 7317425 250 254.2 -55° 360°
KAU12-052 3553400 7317350 250 268.7 -55° 360°
KAU12-053 3553350 7317300 250 302.5 -55° 360°
KAU12-054 3553450 7317300 250 286.8 -55° 360°
KAU12-055 3553600 7317183 240 299.3 -55° 360°

NOTES: Projection – Finnish Coordinate Systems: KKJzone 3;

Results Explained

The best results were returned from Hole 52, which was drilled 100m to the west of zone previously intersected in drill hole KAU08-020 (58.00m @ 1.28g/t PGE+Au) in the western portion of the main Kaukua Target area. The 2011-12 drill program has been designed to target and test the down-dip and along strike continuity of these thicker higher grade mineralized zones encountered during earlier drill programmes. The geological interpretation and model is constantly being updated to incorporate the new drill data better defining the location and extent of these larger zones of higher grade mineralization such as that which has been intersected in Hole 52 and 53. The larger zones occur as embayment zones regularly along the known 900 metre strike at Kaukua.

The PGE and Gold mineralization at Kaukua continues to be intimately associated with significant copper and nickel values. Mineralization is predominantly hosted in pyroxenite and gabbronorite phases of the Marginal Series of the Kaukua block, which makes up the Koillismaa Layered Intrusive Complex (“KLIC”), near the footwall contacts of the Precambrian basement K-feldspar rich and siliceous granites.

Laboratory and Analyses:

ALS Chemex based in Outokumpu, Finland is conducting the preparation and analytical work of drill core samples from the Phase V drill program. The samples are analysed for Pt, Pd and Au by lead fire assay (30g nominal charge) with an Inductively Coupled Plasma Atomic Emission Spectroscopy (“ICP- AES”) finish. Amulti- element suite of 35 elements including Cu and Ni are analysed by aqua regia digestion with also an ICP-AES finish. Ore Grade analyses are carried out on any results for Cu and Ni that are over the upper detection limit. The Company continues to use Labtium Oy (Finnish laboratory based in Rovaniemi, Finland) for check sampling and QAQC purposes along with select analyses of Nickel rich zones to determine the sulphide nickel values with respect to the total Nickel values.

The Company’s QAQC program includes the regular insertion of blanks, multiple certified assay standards and duplicate samples into the sample shipments. These QC samples are inserted every 10 samples within every assay batch. Regular monitoring of these QC samples is a critical part of the Nortec’s QAQC protocols.

About LK Project:

The LK Project is located in north central Finland, 660 km north of the capital Helsinki, 65 km south of the Arctic Circle. The project is well serviced by power, roads and water allowing all season access.The LK Project consists of the Kaukua, Lipeavaara, Murtolampi and Haukiaho Targets. Nortec carried out over 10,000 metres of diamond core drilling on the Kaukua Target between 2007 and 2009. The Haukiaho Target has over 7,000 metres of historical diamond drilling conducted over since the 1960’s to 2004. Nortec did not carry out any drilling on the Haukiaho Target. The LK project has a combined surface area of over 3,750 hectares and covers a PGE+Au-Cu-Ni mineralized horizon known as the “Marginal Series” that is hosted within a sequence of mafic and ultramafic layered intrusions.

The Mineral Resource estimate of the Kaukua and Haukiaho deposits that form part of the LK Project was prepared by WGM in November and December 2011 and filed on SEDAR on January 24, 2012.

Inferred Mineral Resource:

19.6 Million Tonnes @ 0.26g/t Pd; 0.09g/t Pt; 0.10g/t Au; 0.24% Cu; 0.15% Ni (Haukiaho).
8.5 Million Tonnes @ 0.76g/t Pd; 0.27g/t Pt; 0.08g/t Au; 0.16% Cu ; 0.11% Ni (Kaukua).
A combined total of 28.1 Million Tonnes for 586,080 ounces PGE+Gold (370,998 ounces Pd; 130,311 ounces Pt; 84,770 ounces Au); 60,567 tonnes of Cu and 38,703 tonnes of Ni.

Indicated Mineral Resource (Kaukua):

2.6 Million Tonnes @ 0.67g/t Pd; 0.22g/t Pt; 0.07g/t Au; 0.17% Cu; 0.12% Ni. for 80,399 ounces PGE+Gold (56,112 ounces Pd; 18,425 ounces Pt; 5,862 ounces Au), 4,429 tonnes of Cu and 3,126 tonnes of Ni.

WGM have recommended that Nortec continue to upgrade the quality of the Mineral Resources on the LK Project through ongoing exploration (see Nortec news release dated January 31, 2012).

Mr. Turkka Rekola, M.Sc., Project Geologist – Finland, and Mr. Ian F. Laurent, M.Sc.(EconGeol) MAIG RPGeo, CEO of Finore, are the persons responsible for the work programmes on the LK Project.

Mohan R. Vulimiri, M.Sc., P.Geo., CEO and Director of Nortec, 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 has a 100% interest in the Tammela Gold & Lithium Project in south-west Finland. Nortec has a 100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Projectin north-central Finland; an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinäjoki Gold Property and Kaatiala Beryllium-Rare Earth Property in western Finland; a minimum 51% interest with an option to earn 100% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, an option to acquire 51% interest in the Ganarin Gold-Silver Property, Ecuador. Information on the Company’s projects can be referred to on www.nortecminerals.com

The Company is well-financed for exploring the Seinajoki, Tammela and Kahujupukka projects. All three projects have excellent potential with good infrastructure and access.

On behalf of the Board of Directors,
NORTEC MINERALS CORP.
“Mohan R Vulimiri”
Mohan R. Vulimiri, Executive Chairman & CEO

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.