Nortec VTEM Survey Identifies Multiple High- Quality VMS Cu-Zn-Au Targets at Sturgeon Lake VMS Project, Ontario, Canada
Nortec VTEM Survey Identifies Multiple High-
Quality VMS Cu-Zn-Au Targets at Sturgeon
Lake VMS Project, Ontario, Canada
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) -
NORTEC MINERALS CORP
.
(TSXV:
NVT)
("
Nortec
" or the "
Company
") is pleased to announce the completion of a Versatile Time
Electromagnetic ("VTEM") geophysical survey at the Sturgeon Lake VMS Project in Ontario. The 2023
survey has initially identified fourteen (14) high-priority target areas that host coincident magnetic and
EM anomalies in a favorable setting for VMS-mineralization.
The Sturgeon Lake VMS Property lies immediately north and adjacent to Glencore's past-producing
mines and is host to the highly prospective continuation of the volcanogenic massive sulphide ("VMS")
producing volcanic stratigraphy. Numerous historical drill intercepts on the property host anomalous zinc
- copper mineralization and favourable VMS geology, with drill holes H-9 (Ontario Assessment File
52G15NW0086) and C-81-2 (Ontario Assessment File 52G15NW0038) also displaying strong potential
for both copper and gold-rich VMS systems in two highly prospective areas, hosting intercepts of 3.1%
Cu / 0.3m and 5.3g/t Au / 0.9m respectively.
The Sturgeon Lake VMS mining camp is host to Glencore's five past producing zinc - copper - lead -
silver - gold base metal mines, having a total combined production of 19.8Mt @ 8.50% Zn, 1.06% Cu,
0.91% Pb and 119.7g/t Ag
(Franklin, J. M., 1996. Volcanic-associated massive sulphide base metals
in Eckstrand, O. R., Sinclair, W. D., Thorpe, R.I. (eds.), Geol. Survey Canada Geology of Canada 8,
158-183.).
The camp is located within the prolific Sturgeon Lake greenstone belt in the Wabioon sub- province of
Ontario's Superior province, approximately 270 kilometers northwest of Thunder Bay.
"The VTEM survey at Sturgeon Lake was a huge success with results displaying numerous unexplored
to underexplored areas within the VMS belt that host coincident magnetic and electromagnetic
anomalies, which are favorable exploration targets for VMS deposits. The results fit within our historical
compilation and understanding of the geology within the mining camp, and we are keen to continue to
systematically advance the project towards a maiden drill program." stated Cameron Bell, Vice
President of Exploration.
The target areas consist of coincident magnetic highs and zones of high electromagnetic (EM)
conductance (as per SFz15 [15 Hz] conductance). Figure 2 shows target areas with conductivity highs
and coincident magnetic anomalies. These target areas do not represent individual drill targets, but
rather areas of focus that require ground truthing.
Individual drill targets will be defined based on coincident soil geochemical anomalies, second order EM
conductors, magnetic anomalies (potentially including Mag lows) and geological observations, including
alteration and lithogeochemical characteristics. Conductors may be confirmed by ground-based EM
surveys depending on logistics and individual conductor interpretation.
The 2023 field season has begun and includes a soil and prospecting program that has been designed
to ground truth the fourteen (14) high-priority target areas and to help prioritize additional geophysics and
a maiden drill program on the project. The soil/prospecting program is testing for elevated/anomalous
values of Cu-Zn-Au mineralization as well as specific alteration patterns characteristic of VMS
mineralization within the historic and well-endowed Sturgeon Lake VMS mining camp. Planned grids for
the soil/prospecting program are shown in Figure 3.
A permit application for a Fall 2023/Winter 2023-2024 drilling and ground EM has been applied for and
is being reviewed by the Ontario Ministry of Northern Development and Mines.
Figure 1
: Geology compilation with location of 2023 VTEM coincident magnetic and electromagnetic
target areas in red.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4874/168058_4228749634ee3bb3_001full.jpg
Figure 2:
2023 VTEM results (SFz15 EM displayed) with location of coincident magnetic and
electromagnetic target areas in hashed black.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4874/168058_4228749634ee3bb3_002full.jpg
Figure 3:
2023 soil survey grid over newly identified high-priority VMS target areas.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4874/168058_4228749634ee3bb3_003full.jpg
Qualified Person
The technical information in this release has been reviewed and verified by Cameron Bell, P. Geo., Vice
President of Exploration of the Company, and the Qualified Person as defined by National Instrument 43-
101.
About Nortec Minerals Corp.
Nortec is a mineral exploration company that holds 100% interests in two exploration stage critical
mineral (zinc) projects, namely the Mattagami River Zinc and the Sturgeon Lake VMS properties, both
located in Ontario, Canada.
Additionally, the Company holds a 16.4% interest in the Tammela Gold and
Tammela Lithium projects in Southwest Finland. Additional information can be found on the Company's
SEDAR profile at
www.sedar.com
and its website at
www.nortecminerals.com
On behalf of the Company,
"Sara Hills"
Chief Financial Officer
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
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