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Nortec signs Contract for 2000 Metre Diamond Drilling on the Ganarin Epithermal Gold-Silver Project, Southern Ecuador
Nortec signs Contract for 2000 Metre Diamond Drilling on the Ganarin Epithermal Gold-Silver Project, Southern Ecuador.
About this update from Nortec Minerals Corp
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Aug. 18 /CNW/ - Further to the press release dated August 16,\n2006, Nortec Ventures Corp., (\"Nortec\" or the \"Company\"), is pleased to\nannounce the signing of a contract for 2000 metres of HQ core diamond drilling\non the Ganarin epithermal gold-silver joint venture project, Southern Ecuador.\nMinera Nortec Ecuador SA, the Company's Ecuadorian subsidiary, signed the\ncontract with \"Minera Micubesa Cia. Ltda\", an Ecuadorian drilling company with\noperations in Peru and Ecuador.\nDrilling will initially concentrate on the Chamana and Rio Minas targets\nwhere significant gold and silver values on surface were obtained in trench\nchip and channel sampling. Details can be referred to in the Company's press\nreleases of 18th August 2006 and January 9th 2006. The Longyear 38 drill is\nbeing mobilized and the drilling is expected to commence in early September\n2006.\nThe Company holds an option to earn a 51% interest in the Ganarin\nepithermal gold-silver project and a 70% interest in the Condorcocha Project,\nSouthern Ecuador, from joint-venture partner Doubloon Exploration Corp. The\nGanarin property is situated in the prolific Ganarin Mineral Belt. Iamgold\nCorporation's Quimsacocha gold deposit occurs in the same belt approximately\n30 kilometres northeast of the Ganarin Property. Indicated resources within a\none-kilometre long defined area of the Quimsacocha deposit are estimated to\ncontain 2.8 million ounces of gold and 18.2 million ounces of silver.\nMohan R. Vulimiri, M.Sc. P.Geo., President and Director of Nortec, is the\nperson responsible for initiating and guiding the work programs on the\nProperty. Brian T. Malahoff, P.Geo, is the person responsible for the on-site\nmanagement of the exploration programs on the Property. Mr. Vulimiri and Mr.\nMalahoff are qualified persons in accordance with National Instrument 43-101\nguidelines.\nFor further details and locations of the various zones on the Ganarin\nProperty and information on Nortec Ventures Corp., please visit the Company's\nwebsite at http://www.nortecventures.com. Nortec is a mineral exploration and\ndevelopment company based in Vancouver, British Columbia and its shares trade\non the TSX Venture Exchange under the symbol NVT.\nNortec is also active in Finland earning a 70% interest in\nKollismaa-Naranka nickel-copper-PGE project and in ...