VANCOUVER, Sept. 1 /CNW/ - Nortec Ventures Corp. (TSX-V:NVT), ("Nortec"
or the "Company"), is pleased to announce that Minera Nortec Ecuador SA
("Nortec Ecuador") signed Access Agreements for diamond drilling, sampling and
water usage for the period of one year with the surface land owner of Loma la
Cruz target area, Ganarin epithermal gold-silver project, Southern Ecuador.
Nortec Ecuador is a wholly owned Ecuadorian subsidiary of Nortec with offices
in Cuenca, Southern Ecuador. The other targets for which access agreements
were signed are Chamana and Rio Minas. Details can be referred to in the
Company's press releases of August 16th and 18th, 2006. Drilling contract for
2,000 metres was also signed with Minera Micubesa SA, an Ecuadorian drilling
company with operations in Ecuador and Peru. The Longyear 38 diamond drill is
being mobilized and the drilling is expected to commence in mid September
2006. Access roads and drill platforms are being planned for drilling on the
Rio Minas and Chamana target areas.
The Company holds an option to earn a 51% interest in the Ganarin
epithermal gold-silver project and 70% interest in the Condorcocha Project,
Southern Ecuador, from joint-venture partner Doubloon Exploration Corp. The
Ganarin property is situated in the prolific Ganarin Mineral Belt. Iamgold
Corporation's Quimsacocha gold deposit occurs in the same belt approximately
30 kilometres northeast of the Ganarin Property. Indicated resources within a
one-kilometre long defined area of the Quimsacocha deposit are estimated to
contain 2.8 million ounces of gold and 18.2 million ounces of silver.
Mohan R. Vulimiri, M.Sc. P.Geo., President and Director of Nortec, is the
person responsible for initiating and guiding the work programs on the
Property. Brian T. Malahoff, P.Geo, is the person responsible for the on-site
management of the exploration programs on the Property. Mr. Vulimiri and Mr.
Malahoff are qualified persons in accordance with National Instrument 43-101
guidelines.
For further details and locations of the various zones on the Ganarin
Property and information on Nortec Ventures Corp., please visit the Company's
website at http://www.nortecventures.com. Nortec is a mineral exploration and
development company based in Vancouver, British Columbia.
Nortec is earning an undivided 70% interest in Kollismaa-Naranka
nickel-copper-PGE project, northern Finland and a 51% interest in TL nickel
property, Voisey's Bay area, northern Labrador.
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On behalf of the Board of Directors,
Nortec Ventures Corp.
"Mohan R. Vulimiri"
Mohan R. Vulimiri, President & CEO
>>
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from the
Company's expectations. Certain risk factors may also affect the actual
results achieved by the Company. The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this release
