Nortec Minerals announces Exploration Program on the 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 announces Exploration Program on the Cottonwood Uranium-
Vanadium Project, Southeast Utah
Vancouver, BC / September 15 , 2020 – NORTEC MINERALS CORP . (the “Company” or
“Nortec”) (TSXV: NVT): is pleased to announce the preparation of an exploration program on its
Cottonwood Uranium-Vanadium Project (“Cottonwood” or “Property” ) located in Garfield
County, Southeast Utah, USA. The Property is located approximately 372 kilometres (230 miles)
by road southeast of Salt Lake City, Utah (Figure 1) and is situated in the Cottonwood Wash -
Trachyte vanadium-uranium district, Henry Mountains Basin.
Given the potential for the discovery of a significant deposit, management is very keen to begin
the program. Energy Fuels Inc., a TSX and NYSE listed public company, is also very active in the
area and they have developed a 20 million pound resource of Uranium Oxide (grade 0.27% U3O8)
on the same geological trend approximately 15 kilometres (10 miles) south of the Cottonwood
Property (www.energyfuels.com).
The Cottonwood Property consists of contiguous mining lode claims, comprising 736 hectares
(1,818 acres) within Township 32 South, Ranges 11 and 12 East. The claims are located on federal
land and administered by the US Bureau of Land Management (Figures 1 & 2).
The Phase 1 exploration program is being designed to define potential targets for definition
drilling in a Phase 2 program. The Phase 1 program includes detailed geological mapping with
emphasis on stratigraphy , extensive rock sampling and geochemical surveys , geophysical
scintillometer, Alpha Track and radiometric s urveys. The Alpha Track survey will facilitate the
location of any hidden Uranium zones. Any potential targets defined in the Phase 1 exploration
program would be followed up in the Phase 2 program. The Company intends to utilize the
services of a local Utah exploration consulting company, North American Mining Services.
Due to the present and increasing demand and price for Uranium and Vanadium, along with the
results of extensive exploration and detailed evaluation by various companies of Uranium
deposits in Southeast Utah, management is optimistically looking forward to explor ing our
Cottonwood Project.
Other companies active in the area of Garfield County, where the Property is located include GTI
Resources of Australia (www.gtiresources.com.au), Anf ield Energy Inc . (anfieldenergy.com),
Global Vanadium Inc. (globalvanadium.com), and Energy Fuels Inc . Energy Fuels operates the
White Mesa Uranium processing plant and operates several mines in Southeast Utah, Southwest
Colorado and Wyoming. Energy Fuels’ Henry Mountains Complex Property is located to the
south on the same geological trend as the Cottonwood Property. TNT Mines Ltd of Australia is
developing the East Canyon Uranium -Vanadium Project, Uravan Mineral Belt, South east Utah
(www.tntmines.com.au).
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
The Property is situated in the Cottonwood Wash-Trachyte vanadium-uranium district, Henry
Mountains Basin. It is underlain by sub -horizontal Mesozoic sedimentary rocks (Figure 3) .
Uranium-Vanadium deposits in the Project area occur within the Salt Wash sandstones of the
Late Jurassic Morrison Formation and the Shinarump conglomerates of the older Triassic Chinle
Formation.
The Project area contains historical uranium and vanadium mineral occurrences, prospects and
underground workings (Figure 3 for locations and references). The project area is also underlain
at depth by the uranium-vanadium-hosting, Jurassic Entrada Sandstone and Triassic Shinarump
Conglomerate formations, which are favorable for potential discoveries. Another very
important unique characteristic of these deposits are the simple geological controls and metal
recoveries.
The deposits discovered in 1913, were intermittently mined first for radium and then for
uranium and vanadium. Up to 1944, nearly 500 tons of high-grade ore were mined. During the
period 1948 through 1978, some 130 properties in the Henry Mountains had produced 474,500
pounds of uranium oxide (U 3O8) with an average grade of 0.30 percent U 3O8 and 1,694,100
pounds of vanadium oxide (V2O5) with an average grade of 1.35 percent V 2O5 (Re: W.L.
Chenoweth, 1980, Henry Mountains Symposium, Utah Geological Association).
The Property acquisition agreement was signed by Nortec on March 4, 2019 and was approved
by the TSX Venture Exchange on March 20, 2020. Nortec holds 100% interest in the Property,
subject to a 1% Net Smelter Royalty (NSR). The 1% NSR may be reduced to 0.5% by paying
US$500,000 on or before the 5-year anniversary date of the property acquisition. The Company
has maintained the Property in good-standing by paying the claim fees.
Mohan R. Vulimiri, M.Sc., P .Geo., Director of Nortec Minerals, is a Qualified Person as defined by
NI 43-101 regulations. Mr. Vulimiri has approved the corporate and technical content contained
in this press release.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia.
Nortec earned a 51% interest in the Tomboko Gold Project, Northeast Guinea, West Africa.
Nortec also has a 17% interest in the Tammela Gold & Lithium Project in Southwest Finland.
Detailed information on these projects are posted on the Company’s website
www.nortecminerals.com. The Company is also evaluating advanced properties in Ecuador.
On behalf of the Board of Directors,
“Mohan R. Vulimiri”
Mohan R. Vulimiri, Director
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
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 uncertaintie s 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, Cottonwood Vanadium-Uranium Project.
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
Uranium-Vanadium District within Upper Jurassic Morrison Formation strata
Uranium-Vanadium District within Upper Triassic Chinle Formation strata
Farmers Knob – Past Producer
Figure 2: Uranium-Vanadium Districts in the Cottonwood Project area
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
Figure 3: Geology Map with past producers and mineral occurrences, Garfield County, Utah