Nortec Minerals Corp V.NVT

Nortec releases Bonanza gold results

[lhynes]

Nortec chipper about Ganarin chip sampling results 2005-09-14 15:03 ET - News Release Mr. Mohan Vulimiri reports SAMPLING OF VEINS RETURNS GREATER THAN 1000 GRAMS GOLD AND 2220 GRAMS SILVER PER TONNE, RIO MINAS ZONE, GANARIN PROPERTY, SOUTHERN ECUADOR Nortec Ventures Corp.'s chip sampling of outcrops and artisan workings of a new zone, Rio Minas zone, Ganarin epithermal gold-silver property, returned significant results. Rio Minas is situated about 500 metres east of the Chamana zone and 500 metres northeast of the Red 3 zone. Preliminary results of the sampling on the Red 3 and Rio Minas zones are as follows:

Sample Description  Widths  Gold Silver 
No.                  m      g/t    g/t

Red 3 zone  

CHR-17 Surface vein  0.70  18.35   123
       and stockwork 
       sample        

CHR-18 Surface vein  0.70   1.22  78.1
       and stockwork 
       sample 

CHR-19 Surface vein  0.70   0.60  34.5

and stockwork sample Rio Minas zone

CHR-31 Surface vein  0.40   1.74   4.4 
       and stockwork 
       sample 

CHR-32 Underground   0.30 +1,000 2,220
       breccia vein 
       sample across a 
       width of 0.30 
       m and along one m  
       length of the vein
 
CHR-33 Surface fault 0.40   0.10   2.2  
       breccia 
       sample  

CHR-36 Composite           22.60 
       sample  
       from vein workings 
       subparallel to 
       CHR-32 workings  

CHR-37 Surface fault 0.40  9.00  10.4

breccia sample Total widths of these veins and mineralized structures are not known as the sampling was mainly carried out across exposed vein widths underground and on surface. The workings and vein outcrops occur over an area of 250 metres by 50 metres. Sample preparation and analyses were performed by ALS Chemex Labs of North Vancouver, B.C., Canada. The samples were analyzed for gold by fire assay method with atomic absorption finish and for other elements by 34-element aqua regia ICP method. Geochemical soil sampling on grids at 25-metre line spacing is being extended east from the Chamana zone to delineate any parallel structures and structural extensions of this new zone. Geological mapping at a scale of 1:1,000 is also being carried out. The Rio Minas zone occurs at an elevation of 1,340 metres ASL, approximately 330 metres below Chamana, 220 metres below Loma La Cruz and at the same elevation as the Red 3 zone. These results suggest that Loma La Cruz and Chamana have significant potential at depth. Furthermore, results from the Loma La Cruz, Chamana and Red 3 areas also show extensive parallel geochemical soil anomalies and coincident subparallel outcrops of quartz-chalcedony breccia veins and veinlets with very significant gold and silver values. Details can be referred to in the company's previous news releases. The company's management is very pleased with the results to date, which suggest that the Ganarin gold-silver property could potentially host several mineralized gold-silver shoots with bonanza grades. Bonanza grades such as the above are very common in low-sulphidation epithermal deposits. The modes of occurrence of mineralization appear to be very similar to the Comstock and Midas camps in Nevada, United States, and the epithermal camps, such as the Kupol district, of eastern Siberia, Russia. In view of these very positive results, the company is planning an extensive drill program. The Ganarin property is subject to option and joint venture agreements with Doubloon Exploration Corp., whereby Nortec has the option to acquire a 51-per-cent interest in the Ganarin property located in Azuay province, Ecuador. The Ganarin property is situated in the prolific Ganarin mineral belt. Iamgold Corp.'s Quimsacocha gold deposit occurs in the same belt approximately 40 kilometres northeast of the Ganarin property. Channel Resources' El Mojo gold property also occurs in the same area. Mohan R. Vulimiri, MSc, PGeo, president and director of Nortec, is the person responsible for initiating and guiding the work programs on the Ganarin property. Mr. Vulimiri is a qualified person in accordance with National Instrument 43-101 guidelines. For further details and locations of the various zones on the Ganarin property and information on Nortec Ventures, please visit the company's website. We seek Safe Harbor.