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Drilling Extends PGE & Gold Mineralization Along Strike at Läntinen Koillismaa, North Central Finland

Investing News Network
Jan. 31, 2012 12:06PM PST
Gold Investing

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.

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).

Click here to read the Nortec Minerals Corp. (TSXV:NVT) press release


Click here to see the Nortec Minerals Corp. (TSXV:NVT) profile.

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