Drilling Extends PGE & Gold Mineralization Along Strike at Läntinen Koillismaa, North Central Finland
The first 3 drill holes from the Phase V drilling program on the Nortec Minerals Corp. (TSXV:NVT,FWB:WMQ) Läntinen Koillismaa palladium-platinum-gold-copper-nickel project extend the known palladium-platinum-gold-copper-nickel (“PGE+Au-Cu-Ni”) mineralization on the Haukiaho Target (“Haukiaho”), situated in the southern part of the LK Project.
As quoted in the press release:
Highlights include:
- 44.0 metres @ 0.80g/t PGE+Au; 0.28% Cu; 0.19% Ni from 58m (Hole HAU11-002)
- including 13.0 metres @ 1.15g/t PGE+Au; 0.38% Cu; 0.27% Ni from 84m
- 5.0 metres @ 1.05g/t PGE+Au; 0.33% Cu; 0.24% Ni from 114m (Hole HAU11-004)
These drill results extend the known palladium-platinum-gold-copper-nickel (“PGE+Au-Cu-Ni”) mineralization on the Haukiaho Target (“Haukiaho”), situated in the southern part of the LK Project. Drilling began in November 2011 focusing on the central-western mineralization at Haukiaho, known as the Torkoaho Zone. To date, a total of 12 holes have been geologically and geotechnically logged with zones of potential mineralization selected for sampling and assaying. The Torkoaho Zone had a total of 7 historic drill holes that were scattered along a strike of 1 km. A significant portion of the current 10,000 metre (“m”) Phase V drill programme at LK has been designed to target the 3,700m strike and down-dip extension of mineralization at Haukiaho to upgrade the Inferred Mineral Resource estimated by Watts, Griffis and McQuat (“WGM”) as part of the NI 43-101 technical report submitted to Finore (see Finore news release dated January 16, 2012).
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