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Nortec - mineral exploration and development in Finland, Canada, and Ecuador
August 24, 2009 @ 5:18 pm In Copper Stocks

Nortec Ventures is focused on the exploration of a number of properties in Finland, Canada and Equador. This includes the 100% owned Tammela Lithium-Tin-Tantalum Project in the south west of the country. Nortec is also exploring the LK Palladium-Platinum-Gold-Copper-Nickel Project (formerly the combined Kaukua-Haukiaho Projects) in north central Finland; the Seinajoki-Kaatiala Gold-Antimony-REE Property in western Finland; the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and also, the Ganarin Gold Property in Ecuador.
Believing that the demand for lithium will continue increasing, Nortec consolidated the Tammela Lithium-Tin-Tantalum (“Li-Sn-Ta”) Project and assess the spodumene-hosted lithium potential in the pegmatite dyke swarms within the Somera-Tammela region in south-west Finland. The Geological Survey of Finland (“GTK”) has already delineated a historic resource of 400,000 tonnes @ 1.5% Li2O, and the potential is open along strike and at depth.
Mr. Mohan Vulimiri, President and CEO of Nortec has stated:
"There is also a welcome opportunity to delineate a large pegmatite-hosted REE deposit whereby demand for tantalum, niobium and caesium continue to increase on the back of technological advances in electronics and the metal alloy industry. The associated potential of significant Lithium and REE mineralization both within the Seinajoki-Kaatiala area and in the Company's 100% Tammela Project in the southwest of Finland, where there is a known historical resource, really adds quality to Nortec's group of assets in Finland."
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In 1985, the GTK drilled 17 short diamond drill holes for 734 metres across 3 section lines to test the lithium potential of the KMD. The drilling traced the KMD over 120 metres and the zone remains open along strike. The average true width of the mineralised KMD intersected in the shallow drilling is 12 metres with zones thickening up to 18 metres. The down-dip potential has been tested to 75 metres below natural surface and is open at depth. The GTK calculated a drill weighted-average Li grade of 1.5% taken from 94 metres of mineralised pegmatite. GTK estimated an inferred resource of 400,000 tonnes down to the extrapolated depth of 100 metres over a strike length of only 120 metres on the KMD zone. The readers and potential investors are warned that these estimates are not compliant with the industry standard National Instrument 43-101 guidelines.
The majority of the Li is hosted in spodumene (LiAlSi2O6) that makes up 20% of the mineral distribution in the KMD. Coincident zones of elevated values in tin (“Sn”) and tantalum (“Ta”), in the form of cassiterite and columbite respectively, have also been intersected in the KMD. No detailed exploration work has been carried out on the Hirvikallio prospect since 1970. However, historical GTK reports and other research papers in various professional journals discussed the presence of swarms of pegmatites dykes that have recorded whole rock geochemical values of around 1% lithium oxide (Li2O) on the Hirvikallio Prospect. GTK estimated inferred resources of 100,000 tonnes down to 25 metres depth on the Hirvikallio Prospect. These resources are also not compliant with the National Instrument 43-101 guidelines.
The TL Property is a Nickel-Copper-Cobalt discovery located 70 kilometres west of the coastal town of Nain in the Tasisuak Lake area of northern Labrador, Canada. CVRD's (formerly INCO) large nickel-copper-cobalt mine at Voisey's Bay is located about 50 kilometres to the southeast. The Property consists of 219 contiguous claims, contained in four Exploration Licenses, covering 5,475 hectares. In March 2003 Nortec optioned the TL Property from Vulcan Minerals of Saint John's, Newfoundland. Nortec can earn up to a 100% interest in the TL Property, at it's option, may earn a 51% interest by incurring exploration expenditures of $1.5 million by March 17, 2009.
Upon earning a 51% interest, should Vulcan Minerals elect not to participate in future exploration, Nortec, in stages, earn up to a 100% interest in the property by issuing an additional 400,000 common shares and incurring an additional $10,000,000 in cumulative exploration expenditures over a ten year period, and granting a 2.5% net smelter return to Vulcan Minerals.
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Ganarin is a low sulphidation epithermal gold-silver deposit located in southern Ecuador 65 kilometers southwest of Cuenca. Access is good and topography a dissected plateau ranging from 1200 to 2200 meters altitude.
The Ganarin property is subject to option and joint venture agreements with Doubloon Exploration Corp. whereby, Nortec has the option to acquire 51% interest in the Ganarin property located in Azuay province, Ecuador. The Ganarin property is situated in the prolific Ganarin Mineral Belt. IAMGOLD Corporation's Quimsacocha gold deposit occurs in the same belt approximately 40 kilometres northeast of the Ganarin Property Channel Resources' El Mozo gold property also is located in the same area.
Trenching with systematic channel sampling has been carried out designed to provide assays of the veins and breccias over mineable widths. Four areas of interest were identified on the project; Chamana area, Rio Minas zone, Chuscuyacu zone and Loma La Cruz zone.
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[1] Click to Zoom: http://copperinvestingnews.com/files/2010/05/tammela-map.jpg
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