Bactech Environmental Corp. press release
Nortec announces the completion of Helicopter-borne TDEM Geophysical Surveys, on the Koillismaa - Naranka Nickel-Copper-PGE Project, Northeastern Finland
CSE - Canadian National Stock Exchange · Gold · Silver · Arsenic · Iron · Nickel · Copper · Cobalt · Rare Earth Elements · Canada
VANCOUVER, Oct. 19 /CNW/ - Further to the press release dated September 6, 2006, Nortec Ventures Corp., ("Nortec" or the "Company"), is pleased to announce the completion of helicopter-borne, deep penetrating Time-Domain Electromagnetic ("TDEM") and Magnetic surveys on the Koillismaa - Naranka Nickel-Copper-PGE project ("Koillismaa - Naranka") located in Northeastern Finland. The geophysical surveys were carried out by SkyTEM Aps, a Danish airborne-geophysical survey company based in Aarhus, Denmark. SkyTEM's Time Domain Electromagnetic system with a central loop configuration is designed to provide high resolution to delineate conductivity contrasts, and a large penetration depth. A total of nearly 1500 line kilometres was flown on the Koillismaa - Naranka reservation and claims area with a line spacing of 100 metres and the control lines at 1000 metres. The geophysical field data is at present being processed and put together for analyses, interpretation and 3D modeling to be performed by Condor Consulting of Lakewood, Colorado, USA. Preliminary results are expected in the coming weeks. This survey will assist in locating potential magmatic massive sulphide targets directly from any airborne anomalies. If successful, the survey will be followed by scout diamond core drilling of approximately 4,000 metres. In June 2006, the Company entered into an option agreement with Akkerman Exploration B.V. ("AEbv"), of the Netherlands to form a 70:30 joint venture on the Koillismaa - Naranka project. AEbv controls three claim reservations and has applied for 23 exploration licences (18 of which have already been granted), together covering a surface area of approximately 40 square kilometers.
About Nortec:
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. In addition, Nortec is at present carrying out a 2000 metre diamond drilling program on the Ganarin epithermal gold-silver project, situated in the prolific Ganarin Belt, Southern Ecuador. The Company holds an option to earn a 51% interest in the Ganarin, and a 70% interest in the Condorcocha Project, also located in Southern Ecuador, from joint-venture partner Doubloon Exploration Corp. Nortec is also earning a 51% interest in TL nickel property, Voisey's Bay area, northern Labrador.
For further details on the geology, history of exploration and locations of the various zones on the Koillismaa - Naranka Project, please refer to the Company's press releases dated May 8, 2006 and September 6, 2006. Information on Nortec Ventures Corp. can be accessed on the Company's website at www.nortecventures.com.
<< 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
Earlier from Bactech Environmental Corp.
- Nortec Ventures (V:NVT) announces the appointment of New Director
- Nortec (NVT) subsidiary commences diamond drilling on Ganarin Epithermal Gold-Silver Project, Southern Ecuador
- Nortec announces the Start of Helicopter-borne TDEM Geophysical Surveys, on the Koillismaa-Naranka Nickel-Copper-PGE Project, Northeastern Finland