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Nortec Minerals provides Update - Tammela Gold and Lithium Project, Finland
(via TheNewswire) Vancouver, BC / TheNewswire / February 21, 2016 - NORTEC MINERAL...
About this update from Nortec Minerals Corp
[{"type":"text","content":"Nortec Minerals provides Update - Tammela Gold and Lithium Project, Finland(via TheNewswire)\n\n \n\n\n\n \nVancouver, BC / TheNewswire / February 21, 2016 - NORTEC MINERALS CORP. (the \"Company\" or \"Nortec\") (TSXV: NVT) is pleased to provide an update from the Company's Joint Venture earn-in partner Avalon Minerals (\"Avalon\") of Milton, QLD, Australia. Avalon provided a summary of exploration activities and an expenditure report on the Tammela Project, Southern Finland. The Tammela Project hosts the Satulinmaki and Riukka gold prospects and the Kietyonmaki lithium prospect, (Figure 1). The results from Avalon's drilling, together with the historical drilling results of the Geological Survey of Finland (\"GTK\"), exhibit a large gold system and a significant lithium prospect (Re: Nortec's press releases dated 15 Sept., 23 Sept. and 17 Oct. 2016).\n\n\n \nHighlights:\n\n\n \n\n\n-Avalon completes Stage 1 exploration program to earn 51% interest \n\n\n\n-Completed core drilling of 1,172 metres (\"m\") at Kietyonmaki Lithium prospect\n\n\n\n\n \n\n\n\n\n-24.2m at 1.4% Li2O, including 9m at 2.0% Li2O in hole KMDD001\n\n\n\n\n\n\n \n\n\n-Drilling at gold prospects; 1,402m on Satulinmaki and 547m on Riukka.\n\n\n\n\n \n\n\n\n\n-147.0m at 0.8 g/t gold from 73m in SMDD007, including 23.5m at 3.3g/t from 143m, including 9.0m at 7.3 g/t from 147m.\n\n\n\n\n\n\n \n\n\n-An induced polarization survey is on-going at the Satulinmaki prospect with a proposed drill program of at least 2,000m as part of the Stage 2 work program\n\n\n\n\n \nAvalon's press releases and the detailed exploration and expenditure report on the Tammela project can be referred to on: \n\n\n \nhttp://www.asx.com.au/asx/share-price-research/company/AVI, http://avalonminerals.com.au/\n\n\n \nTammela Minerals Oy, the wholly-owned subsidiary of Nortec, controls 100% interest in the Somero 1 to 12 and Tammela 1 to 3 claims comprising the Tammela Project. The property hosts the Kietyonmaki lithium prospect and the Riukka and Satulinmaki gold zones. Avalon also staked Rehumaki exploration reservation over an area of 117 km2 around the Somero and Tammela claims. This reservation forms part of the Joint Venture with Avalon.\n\n\n \nAvalon and Nortec signed an Earn-in Definitive Agreement on February 8, 2017 pursuant to the Heads of Agreement signed on May 18, 2016. Details w...