Nortec Minerals Corp V.NVT

Alternate Symbol(s): NMNZF

Metals & Mining Industrial Metals & Minerals

Nortec Minerals Corp is a mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. It owns 100% interest in the Sturgeon Lake VMS Property located in the Six Mile Lake, Bell Lake and Quest Lake township areas of the Patricia Mining Division of Northwestern Ontario. The Sturgeon Lake VMS Property comprises approximately 456 unpatented mining claims having a combined area of approximately 9,500 hectares and is located approximately 80 kilometers (km) northeast of Ignace, Ontario. It also owns 100 % interest in the Mattagami River zinc property. The Mattagami River Zinc Property comprises 35 unpatented mining claims having a combined area of approximately 735 hectares and is located in Agate and Tucker townships of the Porcupine Mining Division of Northeastern Ontario, approximately 50 km northeast of the town of Kapuskasing, Ontario. Its projects also include Tammela Gold and Tammela Lithium projects in southwest Finland.

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Nortec Minerals Corp

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Post by thatmareon Jan 25, 2008 11:42am

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Post# 14261886

Enough for now

If you look at the Financials you can see that drilling in Finland on Kollisma-Naranka with a deep drill was about 250K for 5 holes and Kaukua drilling 7 short holes was about 11K so one can assume that a 20-30 hole program of short and deep drilling would be about 500-600K. Which would leave us a good 800k to 1million in the bank for maybe an Ecuador acquistion and drill program? We also have about 935K earmarked for TL. Can understand why the market doesn't recognize the potential here. A good property with already 7 good holes will a possible massive ore body underneath.

Bullboard Posts

Drilling company poised to capitalize on market conditions