Overview
Nortec is focused on the exploration of the Kaukua property in Finland, with potential for Platinum – Palladium – Gold (PGE) + Nickel and Copper. The Kaukua prospect is and was considered by GTK geologists (Geological Survey of Finland) to represent the most prospective parts of the Koillismaa Complex, based on relatively high grades and thickness of the magmatic sulphide mineralization. The company has a very experienced mineral exploration and management team with the combined expertise to successfully advance the exploration and development of both precious and base metal projects.
Chief Property
Kaukua PGE-Copper-Nickel Project
To date, Nortec has spent over $3 million CAD (~€1.9 million) on exploration on the Kaukua Project equating to an earned-in interest of approximately 75%. Nortec considers the Kaukua Project to be a high quality project with the potential to become a significant PGE+Au-Cu-Ni deposit, similar to Goldfields’ Suhanko (Arctic Platinum) PGE+Au-Cu-Ni Project, situated 80km to the north-west of the Kaukua Project.
Based on a cut-off grade of 0.5g/t PGE+Au from all holes drilled on the Kaukua Project, the mineralized zone continues to average 25m thickness with a drill intercept weighted average grade of 1.06g/t PGE+Au, 0.15% Cu and 0.10%Ni.
Management
- Mohan R. Vulimiri, M.Sc., P.Geo. – President, CEO & Director – Mohan Vulimiri has many years public company experience, having been involved in the management of numerous junior and established companies. A graduate geologist with a Master of Science degree in Economic Geology, he has over 30 years experience in the exploration and delineation of ore deposits with emphasis on structural controls and modes of occurrence of mineral zones.
- Ian F. Laurent, BSc.(Hons), MSc. (Econ.Geol), MAIG, RPGeo. – Vice President of Exploration. – Mr. Laurent has sixteen years of experience in mineral exploration and resource development on four continents. Mr. Laurent was recently Vice President – Exploration for Frontier Pacific Mining Corporation, a Vancouver based Exploration Company, responsible for guiding exploration and carrying out internal resource estimations on their projects in Greece, Peru and Colombia. Prior to 2007, Mr. Laurent worked as a project geologist in Mexico, Sweden, and Turkey, and as an exploration geologist in West Africa and Western Australia. Mr. Laurent also graduated from the Centre for Ore Deposit Research (CODES) at the University of Tasmania in 2003 with a Masters of Science in Economic Geology. Mr. Laurent brings with him a diversity of experience, geological and technical knowledge that will be beneficial to the requirements of advancing the Company’s projects in particular the Kaukua Project to a bankable feasibility study.
- Peter F. Tegart, P.Geo. – Director – Peter Tegart is an accomplished professional geologist with extensive experience in exploration and mining of all kinds of mineral deposits. He has a successful career in the delineation of these deposits. He was responsible for the acquisition of Manhattan Minerals Corporations world-class Tambo Grande Project, located in northern Peru. Prior to this he was Vice-President, Exploration, Cheni Gold Mines and Western Manager, Serem Ltd.
- Etienne Walter – Chairman of the Board, Independent Director – Mr. Walter is the Honorary Consul General of the Republic of Ecuador with jurisdiction over the Provinces of Alberta and British Columbia, the Northwest Territories and the Yukon Territory. He earned his diploma in Hotel Management and Financial Administration from the Ecole Hôtelière de la Société Suisse des Hôteliers in Lausanne, Switzerland in November 1972 and he has worked for some of the world’s leading hotels. Since coming to Canada in 1975, Mr. Walter worked for public and private corporations until he formed his own company, Andes Trade and Investment Ltd.
- Victor H. Bradley – Director – Victor Bradley is a Chartered Accountant with forty years experience in the minerals industry. Mr. Bradley has a very successful career in numerous large financings as well as taking junior public companies to a senior level. He joined the board of Nortec Ventures Corp. in Nov. 2007. His experience includes 15 years with Cominco Ltd., where he held a wide variety of financial positions including Corporate Controller. He also served as the Chief Financial Officer of MacIntyre Mines. He is the founder and Lead Director of Yamana Gold Inc. (TSX:YRI), a Toronto-based company listed on the Toronto , NYSE (AUY) and London AIM (YUA) Stock Exchanges, and as well was the founder of Aura Minerals Inc. (TSX:ORA), a Toronto-based mineral exploration Company. He is also the founder of Nevoro Inc.
- Ernest S. Peters – Director – With over 35 years of experience in the mining industry, Mr. Peters has worked in exploration, development and production in Canada, the U.S., Brazil, Mexico and Australia. Ernie Peters is also the President, C.E.O. and Director of Carmax Explorations Ltd. (TSX-V: CMX).
- Grant F. Crooker, P. Geo – Independent Director – Grant Crooker is an independent mining consultant and principal of GFC Consultants Inc. based in Keremeos, BC. He received his Bachelor of Science degree from the University of British Columbia in 1972 and has been a member of the Association of Professional Engineers and Geoscientists of British Columbia since 1992. He has over thirty years experience in mineral exploration having worked in British Columbia, Yukon Territory, Northwest Territories, Arizona, Nevada, Washington, Mexico, Argentina and Ecuador. He has been a member of Nortec’s Board of Directors since February 2000.
- Richard L. Richards, CA – Independent Director – Dick Richards is a charted accountant and businessman based in Vancouver, BC. Mr. Richards has had a long career in the real estate industry, most recently with Colliers Macauley Nicolls Inc. He received his Bachelor of Commerce degree from the University of British Columbia in 1960 and has been a member of the BC Institute of Chartered Accountants since 1964. Mr. Richards joined Nortec’s Board of Directors in December 2003. He has previously served on the board of several Canadian publicly listed companies.
- Balraj Mann, CA. – Chief Financial Officer – Balraj Mann is a Chartered Accountant with over 28 years of extensive experience in areas of Corporate Finance,acquisitions and financial reporting, and served as a director and advisor for both public and private companies. Mr. Mann was a Senior Manager with Price Waterhouse and attained his designation with the same firm in 1982. From 1989 to 2001 he was president of a private real estate development corporation completing industrial, commercial, single and multi-family high-rise residential projects in excess of $200 million. Durin this time, Mr Mann was also an active participant in the corporate management of the Boundary Bay Airport in Delta, BC. He was a Member of the advisory board of Accelerate Power Systems Inc, formerly Key CapitalGroup Inc, from 2000 to 2001. Mr. Mann was also president of a private company specializing in providing financing and strategic direction to real estate development. He is currently the Chief Financial Officer and director of Eagle Star Petroleum Corporation, a TSX-V listed company.
- Giovanna Martino – Corporate Secretary – Giovanna Martino joined Nortec Ventures Corp. in April 2006 and was appointed Corporate Secretary in October 2007. She has held the position of Corporate Secretary for Frontier Pacific Mining (TSX-V: FRP) since August 2006. Ms. Martino received her paralegal training at B.C. Institute of Technology in Burnaby B.C. and Douglas College in New Westminster B.C. She has fifteen years experience as a legal secretary. In addition Ms. Martino worked as an executive assistant with a Vancouver law firm that provided various corporate duties and services for TSX Venture Exchange resource companies. Ms. Martino is responsible for all aspects of Nortec Ventures corporate administration, documentation and regulatory filings.
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Share Information
Share Structure
| Shares Outstanding: |
90,237,434 |
| Options: |
11,819,163 |
| Warrants: |
14,360,550 |
| Fully Diluted: |
116,417,147 |
| Current Cash: |
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| Stock Exchange: |
TSX-V: NVT |
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Mon, Aug 24, 2009
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