Nortec Minerals signs Two Memoranda of Understanding on the 100% Acquisition of Golden Zone Project, East-central Alaska

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[{"type":"text","content":"Nortec Minerals signs Two Memoranda of Understanding on the 100% Acquisition of Golden Zone Project, East-central Alaska(via Thenewswire.ca)\n\n \nVancouver, BC / TNW-ACCESSWIRE / September 22, 2014 - NORTEC MINERALS CORP. (TSXV: NVT) - Further to the press release, dated July 31, 2014, Nortec Minerals Corp. (\"Nortec\" or the \"Company\") is pleased to announce that it has signed two Memoranda of Understanding (\"MOU\") to directly acquire 100% interest in the Golden Zone Property in South-central Alaska. The press release dated July 31, 2014 announced the signing of the MOUs by Nortec's wholly owned subsidiary, Fennor Minerals Corp. \n\n \n \nThe Golden Zone Property is located 320 kilometres (200 miles) north of Anchorage and is entirely on State of Alaska-owned land. It is composed of 227 State of Alaska mining claims totalling 7,894 hectares (19,598 acres) and is composed of 2 leases. One, the upland mining lease covers the historic Golden Zone mine site totalling 1,181 hectares (2,920 acres) and a second mill site lease for a staging area, covers 16 hectares (40 acres). The staging area is located thirteen kilometers (eight miles) southeast of the property at Colorado Station on the Alaska Railroad. The property is 16 kilometres west of the Parks Highway and the Alaska Railroad both connecting to the cities of Fairbanks and Anchorage. It has excellent infrastructure and is accessible with a pioneer road and by air with a 1200-foot airstrip on the property near the camp. Another 3000-foot airstrip on the north end of the property will be available with repair from storm damage. \n\n \n \nOne MOU, with Chulitna Mining Company LLC (\"Chulitna\"), provides for Nortec to acquire Chulitna's interest in the property. The second, with Mines Trust Co. (\"Mines Trust\") and Hidefield Gold, Limited & Hidefield Gold (Alaska), Inc. (collectively \"Hidefield\"), addresses the interests of the underlying landowners of the property. Together the MOUs provide for Nortec's acquisition of 100% interest in the Golden Zone Property, subject to cash option payments, shares and net smelter payments.\n\n \n \nDeposits and prospects at Golden Zone include a well-documented pipe-like body of stockwork controlled breccia mineralization in the late Cretaceous quartz monzonitic intrusive rocks, skarn zones near the intrusive - Permian carbonate an...

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