Nortec Minerals Identifies Mineral Property Areas With Porphyry Copper-Gold-Molybdenum Potential for Acquisition, Ecuador
10 Februar 2011 - 3:00PM
Marketwired
Nortec Minerals Corp. (TSX VENTURE: NVT)(PINK SHEETS:
NMNZF)(FRANKFURT: WMQ) ("Nortec" or the "Company"), is pleased to
announce that the Company has identified three mineral property
areas in Ecuador for acquisition. Nortec has prepared and is
submitting the relevant documentation for concession areas under
the new Mining Law of Ecuador.
All three properties are reported to host significant
copper-gold-molybdenum mineralization. Further details on the
location of the properties and modes of occurrence of the
mineralization will be released upon receipt of approval from the
Mining Authorities.
The Company has prepared detailed budgets for the exploration
work program in these three mineral property areas to evaluate and
delineate the concessions with the greatest potential.
The Board of Directors of Nortec are very pleased to inform the
shareholders and potential investors about this development as the
Board believes this will provide excellent opportunities for Nortec
to explore, to develop and share mineral resource interests in
Ecuador in a socially responsible and ecologically conscious
manner.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in
Vancouver, British Columbia. Nortec has a 100% interest in the LK
Palladium-Platinum-Gold-Copper-Nickel Project in north-central
Finland. The Company has engaged Watts Griffis McQuat to prepare an
independent National Instrument 43-101 compliant mineral resource
estimate and Technical Report on the LK project. The report is
expected to be completed very shortly. Nortec also has a 100%
interest in the Tammela Lithium-Tin-Tantalum Project in south-west
Finland.
The Company has an option to earn from Akkerman Exploration
B.V., a 100% interest in the Seinajoki-Gold-Antimony Property and
Kaatiala Rare Earth-Beryllium-Tin-Lithium Property in western
Finland. Nortec earned 51% interest from Vulcan Minerals in the TL
Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, is
earning a majority interest in the Ganarin Gold-Silver Property,
Ecuador.
On behalf of the Board of Directors, NORTEC MINERALS CORP.
Mohan R. Vulimiri, M.Sc., P.Geo. Executive Chairman &
CEO
This press release contains certain forward looking information
which involves known and unknown risks, uncertainties not under the
Company's control and other factors which may cause actual results,
performances or achievements of the Company to be materially
different from the results, performances or expectations implied by
this forward looking information.
The TSX Venture Exchange has not reviewed and does not accept
the responsibility for the adequacy or accuracy of this news
release.
Contacts: Nortec Minerals Corp. Mohan R. Vulimiri Executive
Chairman & CEO +1 604-717-6426 +1 604-683-9649 (FAX)
www.nortecminerals.com
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