Nortec Signs a Letter of Intent to acquire 80% in The Golden Rule Limited's Tomboko Gold Project

Nortec Minerals (TSXV:NVT) has signed a Letter of Intent to acquire an 80 percent interest in the Tomboko Gold Property in Guinea, West Africa.
As quoted in the press release:

The TGR’s holdings (properties) consist of 100% interest in the Tomboko permit and minority interests in the Badamako and the Kouroussa permits. The Tomboko permit lies on one mineralized northwest trend, the Badamako permit is approximately 70 kilometers to the east on another northwest trend and the Kouroussa permit lies on a third mineralized trend 50 kilometres to the west (Figures 1 to 4 attached herewith).
The Projects lie in the northern part of the Birimian Siguiri Basin, a well-known prolific gold producing area. This part of the Basin already hosts three multimillion ounce gold mines, the Lero (Nord Gold NV), the SAG (AngloGold-Ashanti) and the Keniero (SEMAFO) along with several other lesser mines and projects in advanced stages. Historically, the Niger River lowlands have been the site of extensive mining of alluvial gold and high-grade quartz lode gold in the saprolite (rock altered to clay) that gave rise to several past African Empires. Artisanal mining is still very widespread in the area today (Re: December 11, 2011 – NI 43-101 Technical Report on the Tomboko Gold Project, Denis Bray, P.Eng.).

Click here to read the full press release.