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Nortec Minerals Joint Venture Partner, Avalon Minerals announces significant Geophysical Induced Polarization anomalies showing Potential for a Large Gold System at Satulinmaki Gold Prospect, Tammela Project, Finland
(via TheNewswire) Vancouver, BC / TheNewswire / May 18, 2017 - NORTEC MINERALS CORP. (...
About this update from Nortec Minerals Corp
[{"type":"text","content":"Nortec Minerals Joint Venture Partner, Avalon Minerals announces significant Geophysical Induced Polarization anomalies showing Potential for a Large Gold System at Satulinmaki Gold Prospect, Tammela Project, Finland(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / May 18, 2017 - NORTEC MINERALS CORP. (the \"Company\" or \"Nortec\") (TSXV: NVT) is pleased to announce that the Company's Joint Venture earn-in partner, Avalon Minerals (\"Avalon\") of Milton, QLD, Australia, completed an extensive Induced Polarisation Survey (\"IP Survey\") as part of the Stage 2 exploration program on the Satulinmaki Gold Prospect, Tammela Project, Southern Finland. Avalon has completed Stage 1 and holds a 51% interest in the Project. Avalon and Nortec will form an 80:20 Joint Venture partnership on completion of the Stage 2. \n\n\n \nThe results from the IP Survey by Avalon confirms the potential for the occurrence of a large gold system on the Satulinmaki Prospect. Avalon's 2016 drilling, together with the historical drilling results by the Finnish Geological Survey \"GTK\"), returned significant intersections (Re: Nortec's press releases dated 20 February 2017). Avalon's press releases can be viewed on: \n\n\n \nhttp://www.asx.com.au/asx/share-price-research/company/AVI, http://www.asx.com.au/asxpdf/20170517/pdf/43j9skkwxcwbz9.pdf, http://avalonminerals.com.au/\n\n\n \nHighlights\n\n\n \n\n\n- Outstanding results from the large Induced Polarisation geophysical survey at the Satulinmaki Prospect.\n\n\n\n- Three-dimensional geophysical modelling identifies extensive areas of what is likely to be structurally-controlled alteration and mineralization\n\n\n\n- Drill targets identified on multiple structural corridors up to 1.2km long, with significant vertical extent\n\n\n\n- Newly recognised large gold system potential represents a 'scale change' at Satulinmaki \n\n\n\n\n \nThe large IP Survey was completed at Satulinmaki during the period January - April 2017. The key objective of the survey was to define areas of altered host rock within which gold mineralisation is expected to occur.\n\n\n \nThe IP Survey clearly identified mineralized zones previously intercepted in historical drilling by GTK and the seven holes drilled by Avalon in 2016. These target signatures were used to define other potential gold-bearing zone targets in the project are...