NVT on the moveBig share price move on Nortec today closing at $.25.This should only be the beginning of better things to come as the company prepares to begin drilling at TL near Voisey's Bay.
The TL Property is situated approximately 50 kilometres northwest of the Voisey’s Bay nickel-copper-cobalt discovery. The Voisey’s Bay mine is presently under development. The TL Property has one of the best series of drill intersections for nickel in Labrador outside of the Voisey’s Bay discovery. For example, drilling by a previous operator intersected 23.7 metres of 0.47% nickel (Ni), 0.16% Copper (Cu) including 5.2 metres of 1.15% Ni, 0.42% Cu, 0.11 gram/tonne Palladium and 0.25 gram/tonne Platinum. This zone of mineralization outcrops at surface and has been traced by drilling and geophysics over a 1.2 kilometre strike length. Several coincident magnetic and electro-magnetic geophysical anomalies have been located on the property and require drill testing, including a UTEM anomaly covering a strike length in excess of 1.8 kilometres.
Camp and Drill permits were granted and received from the Department of Natural Resources, Government of Newfoundland and Labrador. Diamond core drilling, up to 4000 metres, is expected to commence in the first week of July 2005. The drill holes are designed to test the two strongest anomalies and the down dip extensions of previous mineralized drill intersections. Geophysical gravity and UTEM surveys are also planned to further define several more targets on the property.
In addition Nortec is planning to advance its Ecuadorian golds properties to the drill stage in the next few months.
Should be a very interesting and exciting summer for this company.
Len
https://www.nortecventures.com/newsreleases/nr060705nvt.htm