NEWsNortec Samples 9m @ 1.03% Lithium from Tammela Project, Finland
Nortec Minerals Corp. (TSX VENTURE:NVT)(FRANKFURT:WMQ) ("Nortec" or the "Company") is pleased to announce excellent results from the relogging and re-sampling programme of historical drill core from the Tammela Lithium-Tin-Tantalum Project in southern Finland.
A relogging and re-sampling programme was carried out in late November on the drill core stored at the Geological Survey of Finland ("GTK") core storage facility in Loppi, southern Finland. Select intervals of the drill core were taken from drill hole R310 that was drilled on the Kietyonmaki prospect, situated in the western part of the Tammela Project. The best drill intercepts are tabled below:
--------------------------------------------------------------------------- Inter- Lith- From To val ium Sn Ta Nb Be Cs RbHole_ID (m) (m) (m) % g/t g/t g/t g/t g/t g/t---------------------------------------------------------------------------R310 11.75 14.75 3.00 0.51 70 100 115 181 67 1096---------------------------------------------------------------------------R310 20.40 25.30 4.90 0.10 42 59 64 95 99 618---------------------------------------------------------------------------R310 58.75 83.00 24.25 0.61 66 59 51 130 60 520---------------------------------------------------------------------------including 68.00 77.00 9.00 1.03 72 57 49 113 45 500---------------------------------------------------------------------------WITH 70.00 73.00 3.00 1.67 85 52 29 81 24 222---------------------------------------------------------------------------Sn = Tin; Ta = Tantalum; Nb = Niobium; Be = Beryllium; Cs = Caesium;Rb = Rubidium
Samples were submitted to ALS Chemex in Outokumpu for 48 element ICP-MS finish. Ore grade results for lithium were analysed using a 4-acid digest method and an AAS finish. These results re-confirm the presence of significant lithium mineralisation at Kietyonmaki that was documented by the GTK in 1985.
Mineralisation is hosted within the Kietyonmaki Main Dyke (or "KMD"), a large spodumene-rich (LiAlSi2O6) pegmatite dyke that can be traced for over 400m and is open to the south-east with an average width of 12 metres. The GTK drilled 17 holes to test the lithium potential of the KMD along 120 metres of strike intersecting an 18m wide mineralised zone to a depth of 75 metres below natural surface and is still open at depth.
The GTK calculated a drill weighted-average intercept lithium grade of 1% (Li2O) for an inferred resource of 400,000 tonnes. The readers and potential investors are warned that these estimates are not compliant with the industry standard National Instrument 43-101 guidelines. The potential resource at Tammela compares well to existing lithium projects in Scandinavia. Finnish lithium mining company, Keliber Oy, recently commissioned their US$60 million Lantta operations in western Finland, to mine their 3 million tonne spodumene-hosted lithium resource grading 0.92% lithium. Although lithium is not traded as a commodity on the open market, it is often quoted in terms of lithium carbonate equivalent at prices over US$12,000 per tonne (source: www.resourceworld.com - June 2009).
The Tammela Project is a 2,500 hectare claim reservation covering the Kietyonmaki and Hirvikallio target zones, and represents a strategic acquisition for Nortec. Lithium values in these zones are very significant and contain very low iron and magnesium content relative to lithium. Demand for lithium resources in Europe has been growing in the last few years and is expected to increase in the future due to lithium applications in automobile and hi-tech batteries by European manufacturers. The low iron and magnesium content also makes it very favourable for the ceramics and glass industries.
A presentation on the Tammela Project is available on the Nortec website (www.nortecventures.com).
Other News
The Company announces with regret the resignation of Mr. Victor Bradley from the Board of Directors for personal reasons. Mr. Bradley served as Director of Nortec from the year 2007.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has an option to earn 100% interest in the Seinajoki-Kaatiala Gold-Antimony-Rare Earth-Lithium Property in western Finland and owns a 100% interest in the Tammela Lithium-Tin-Tantalum-Rare Earth Project in south-west Finland. The Kaatiala reservation covers a quarry which produced 18 tonnes of beryl, 5 tonnes of columbite and 190,000 tonnes of rare mineral calcium feldspar, according to the information obtained from the Geological Survey of Finland ("GTK").
Nortec also has a 100% interest in the LK Palladium-Platinum-gold-Copper-Nickel Project (the combined Kaukua & Haukiaho Projects) in north-central Finland, a minimum 51% interest with an option to earn 90% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada and an option to acquire 51% interest in the Ganarin Gold-Silver Property, Ecuador.
On behalf of the Board of Directors,
NORTEC MINERALS CORP.
Mohan R. Vulimiri, President & CEO
The statements made in this Press Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE: Nortec Minerals Corp.
Nortec Minerals Corp.Mohan R. VulimiriPresident & CEO604-717-6426 or Toll Free: 1-866-658-1261604-683-9649 (FAX)www.nortecventures.com