Nortec Minerals Exploration Update, Cottonwood Uranium-Vanadium Project, Southeast Utah
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 615, 800 West PenderStreet
Vancouver BC V6C 1V6, Canada
Phone: +1 604-717-6426
NORMIECU S.A.
S 864 RafaelleGianetti y las Begonias
Quito Ecuador
Phone: +593 3554855
TAMMELA MINERALS Oy
c/o KalliolawAsianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
Nortec Minerals Exploration Update, Cottonwood Uranium-Vanadium Project, Southeast Utah
Vancouver, BC / October 13, 2020 – NORTEC MINERALS CORP . (the “Company” or “Nortec”) (TSXV:
NVT):
Further to the Company’s press releases dated September 15 and 24, 2020, Nortec provides additional
information for the exploration program on its Cottonwood Uranium-Vanadium Project (the
“Cottonwood Property”) in Garfield County, Southeast Utah, USA. The Property is located approximately
372 kilometres (230 miles) by road s outheast of Salt Lake City, Utah and is situated in the Cottonwood
Wash-Trachyte uranium-vanadium district, Henry Mountains Basin.
The exploration program is being supervised by Mr. James Rasmussen, BS., CPG., a qualified geologist
with several years of experience in this area exploring and developing uranium deposits. He worked as
Exploration Manager for Uranium One Americas (Uranium One Inc.) and as Senior Geologist for US Energy
Corporation. He also worked as a Research/Development Geologist with Energy Fuels Nuclear Inc. He
oversaw their exploration programs for hydrothermal, sediment-hosted and breccia pipe-hosted uranium
projects in Utah, Arizona and Colorado. He managed an exploration team that located and developed
resources exceeding 20 million pounds of U3O8.
Management is very pleased to have Mr. Rasmussen guiding the exploration program to delineate
potential drilling targets on the property.
The initial Phase 1 exploration program consists of:
Compilation of published (and unpublished) data on the area. Conduct additional research if
warranted.
Surface geologic mapping of the mineralized sandstone channels to project the channels into
the subsurface. This work would be combined with radioactivity measurements.
Surface rock chip sampling with emphasis on prospective sandstone channels. Samples would
be analyzed at ALS Laboratory in Reno, Nevada.
Recommend work for a Phase II field program, including a T rack Etch survey to identify
exploration targets in the shallow subsurface.
In May 2018, the US Government added uranium to the critical metals list. Since the beginning of 2020
the price of Uranium has increased by 18.5% and is now above US$30 per pound. The US currently has
60 commercial nuclear power plants, 98 nuclear reactors and 8 more are in the planning stage. There are
440 plants worldwide, 55 more are in construction and 109 are planned. Not only is the metal considered
critical to the electrical supply systems but is now increasingly important to heating systems everywhere
owing to climate change and the increased pressure for green energy. Our property is in an area of Utah
that has been a major supplier of uranium and there are indications that both the demand and the price
of this metal is expected to increase.
Mohan R. Vulimiri, M.Sc., P .Geo., Director of Nortec Minerals, and O. Jay Gatten, B.S., CPG, are Qualified
Persons as defined by NI 43-101. Mr. Vulimiri and Mr. Gatten have approved the scientific and technical
information in respect of the Cottonwood Property contained in this press release.
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 615, 800 West PenderStreet
Vancouver BC V6C 1V6, Canada
Phone: +1 604-717-6426
NORMIECU S.A.
S 864 RafaelleGianetti y las Begonias
Quito Ecuador
Phone: +593 3554855
TAMMELA MINERALS Oy
c/o KalliolawAsianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Nortec
has a 17% interest in the Tammela Gold & Lithium Project in Southwest Finland. The Company has
incurred over CDN$2.9 million in exploration, diamond drilling and support costs to earn a 51% interest
in the Tomboko Gold Project, Northeast Guinea, West Africa. The Company is also evaluating advanced
properties in Ecuador. Detailed information on these projects are posted on the Company’s website
www.nortecminerals.com.
On behalf of the Board of Directors,
“Mohan R. Vulimiri”
Mohan R. Vulimiri, Director
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains
certain forward-looking information which involve known and unknown risks, delays and uncertainties not under
the Company’s control which may cause actual results, performances or achievements o f the Company to be
materially different from the results, performances or expectations implied by the forward-looking information. 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.