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Nortec signs Land Use Agreements in preparation for Diamond Drilling on Ganarin Epithermal Gold-Silver Project, Southern Ecuador
Nortec signs Land Use Agreements in preparation for Diamond Drilling on Ganarin Epithermal Gold-Silver Project, Southern Ecuador.
About this update from Nortec Minerals Corp
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Aug. 16 /CNW/ - Nortec Ventures Corp., (\"Nortec\" or the\n\"Company\"), is pleased to announce the signing of Access Agreements for\ndiamond drilling, sampling and water usage for the period of one year with the\nsurface land owner of Chamana and Rio Minas target areas, Ganarin epithermal\ngold-silver project, Southern Ecuador. Chamana and Rio Minas are the principal\ntargets with significant gold and silver values on surface. Details can be\nreferred to in the Company's press releases of 18th August 2006 and January\n9th 2006. Discussions are continuing with Ecuadorian drilling companies for a\n2000 metre drilling contract. Negotiations are underway for access agreements\nwith the land owner of Loma la Cruz, another target on the Ganarin Project.\nIn addition, Nortec announces that the Company has incorporated an\nEcuadorian subsidiary, MINERA NORTECECUADOR S.A. with its offices located in\nCuenca, Southern Ecuador. Cuenca is Ecuador's third largest city and is the\ncommercial centre for southern Ecuador. This has already facilitated and\nsimplified the process of negotiations with the land owners in the Company's\njoint venture holdings. The Company holds an option to earn a 51% interest in\nthe Ganarin epithermal gold-silver project and 70% interest in the Condorcocha\nProject, Southern Ecuador, from joint-venture partner Doubloon Exploration\nCorp.\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.\nNortec is earning an undivided 70% interest in Kollismaa-Naranka\nnickel-copper-PGE project, northern Finland and a 51% interest in TL nickel\nproperty, Voisey's Bay area, northern Labrador.\n\n>\n\nThe statements made in this News Release may contain certain forward-\nlooking statements....