Nortec plans Phase 1 drilling on Tomboko Permit and the Diguifara Permit becomes part of the 80% Earn-in Joint Venture in The Golden Rule Limited’s Tomboko Gold
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6G 1G8, Canada
Phone: +1 604-717-6426
TAMMELA MINERALS Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
Nortec plans Phase 1 drilling on Tomboko Permit and the Diguifara Permit becomes
part of the 80% Earn-in Joint Venture in The Golden Rule Limited’s Tomboko Gold
Property, Northeast Guinea, West Africa
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 Anglo Gold 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.
TGR’s properties consist of a 100% interest in the Tomboko permit, a 100% interest in the Diguifara
Permit and minority interests in the Badamako and the Kouroussa permits. These land holdings
cover prospective ground on three separate mineralised trends. Details on the Tomboko, Badamako
and Kouroussa permits are in the Company’s January 11, 2017 news release.
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 sever al 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 r ock 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).
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6G 1G8, Canada
Phone: +1 604-717-6426
TAMMELA MINERALS Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
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 associat ed 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 b e 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 P rospect 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 kilom etres to the south. At 31 December 2012, Koulékoun's Mineral
Resource estimate was 2.3 million ounces and includes Indicated Mineral Resources of 31.5 million
tonnes at a grade of 1.38 g/t Au (1.4 million ounces), in addition to an Inferred Mineral Resour ce of
22.8 million tonnes at a grade of 1.22 g/t Au (892,200 ounces)
(Re: Avocet Mining website, http://www.avocetmining.com/guinea)
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 o f 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.
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6G 1G8, Canada
Phone: +1 604-717-6426
TAMMELA MINERALS Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
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 Co lumbia (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 increasi ng 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 cultivati ng 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. Detai led 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 V enture 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
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6G 1G8, Canada
Phone: +1 604-717-6426
TAMMELA MINERALS Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
risks, delays and uncertainties not under the Company’s control which may cause actual results,
performances or achievements of the Company to be materially dif ferent 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
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6G 1G8, Canada
Phone: +1 604-717-6426
TAMMELA MINERALS Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
Figure 2: Diguifara Permit
Figure 3: Outcrop Sampling Results and Termite and Soil Geochemical Anomalies – Tomboko
Permit.