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Nortec Minerals Corp V.NVT

Alternate Symbol(s):  NMNZF

Nortec Minerals Corp. is a mineral exploration and mining project development company with a portfolio of gold, copper, and lithium assets in Scandinavia. It is engaged in the acquisition and exploration of mineral properties. It owns a 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 417 unpatented mining claims having a combined area of over 8,500 hectares and is located over 80 kilometers (km) northeast of Ignace, Ontario. It owns a 100% interest in the Mattagami River Zinc property, which comprises 43 unpatented mining claims having a combined area of over 700 hectares and is located in Agate and Tucker townships of the Porcupine Mining Division of Northeastern Ontario, over 50 km northeast of the town of Kapuskasing, Ontario. Its projects also include Tammela Gold and Tammela Lithium projects in southwest Finland.


TSXV:NVT - Post by User

Bullboard Posts
Comment by HotSnoton Nov 26, 2007 9:14pm
303 Views
Post# 13870764

RE: RE: News from Kaukua

RE: RE: News from KaukuaI am not a geologist and i do not own this stock but im thinking about buying it tommorow. i found this site ----> https://www.napalladium.com/explore_arctic.htm It is a 6 dollar stock as of monday 26th 07 close and if you notice their open pit mining section half way down the page it may provide some comparison. NVT's is closer to surface and they specifically present these drill results as open pit mining material. The site above lists in PPM and this release is in PPB so its a 1000:1 ratio. That leaves roughly alittle over 1gram over the strike length of PGE's reported in the release. I dont know how viable those results are based on the location of the potential pit..... and they mentioned in the release that some of the holes bottom out at around 100m. So even though it doesnt go deeper in these areas so far, is it still worth mining provided they prove up a resource? These are my main questions. What is the economic value of 1.15 grams per ton of PGE's against the cost of open pit mining? Are there mills in the area or within a few hundred miles? Any help would be greatly appreciated.
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