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Nortec signs contract for air-borne Time-domain VTEM geophysical survey, Karhujupukka Fe-Ti-V-Ni-Cu-PGE-Au Property, northern Finland
(via Thenewswire.ca) Vancouver, B.C., June 13, 2012: Further to the press release dated Apr...
About this update from Nortec Minerals Corp
[{"type":"text","content":"\nNortec signs contract for air-borne Time-domain VTEM geophysical survey, Karhujupukka Fe-Ti-V-Ni-Cu-PGE-Au Property, northern Finland\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C., June 13, 2012: Further to the press release dated April 11, 2012, Nortec Minerals Corp. (TSX-V: NVT; FSE: WMQ; OTC PINK: NMNZF) (\"Nortec\" or the \"Company\"), is pleased to announce that the Company signed a contract with Geotech Airborne Limited to conduct airborne Time Domain Electromagnetic Geophysical Survey with a Bfield-VTEM System and Magnetic Gradiometer (\"VTEM) on the Karhujupukka Iron-Titanium-Vanadium (\"Fe-Ti-V\") Palladium-Platinum-Gold (\"PGE-Au\") Project located in northern Finland. The survey is expected to be carried out in July, 2012. Nortec signed an Option Agreement with Akkerman Exploration B.V. (\"AEbv\") to earn an undivided 80% interest in the Karhujupukka Property. Details can be referred to in the Company's press releases.\n\n\n \nThe Karhujupukka project is located in northwestern Finland, about 20 kilometers southeast of Kolari and 150 kilometers northwest of Rovaniemi, the capital of Finnish Lapland. Karhujupukka is one of the few known magnetite-ilmenite deposits in Finland. The Swedish border passes 10km West of the area, together with a railroad connection to port and the industrial center of Kemi. The project is located at 200km from the Swedish Kiruna iron ore district (Malmberget mine).\n\n\n \nMineralization at Karhujupukka was discovered by the Geological Survey of Finland (GTK) in 1988 while drill testing a series of prominent magnetic anomalies in till covered areas. Subsequently, GTK outlined three centers of magnetite-ilmenite mineralization at Karhujupukka, Korthonletho and Karhuvuoma during three successive drilling campaigns from 1988 to 1996. In total 36 holes were drilled only into the magnetite-gabbro layers. GTK also calculated mineral resources, but Nortec is not taking this into account as it is non-compliant according to the NI 43-101 standards. The reader is referred to several published articles on the GTK and other websites.\n\n\n \nMineralization and Potential\n\n\n \nThe Kahujupukka Fe-Ti-V mineralization occurs as a plate-like body, hosted by the gabbroic units of the layered ultramafic intrusions, in between leuco gabbro-anorthosites in the hanging wall and pyroxenite to peridotite in the...