Atlas Salt Inc. press release
Drilling returned 0.87% nickel and 0.38% copper over 8 metres (including 2.19% nickel across 0.7 metres) in Labrador
TSXV - TSX Venture Exchange · Salt · Sodium · Gypsum · Aluminium · Canada
VANCOUVER, Sept. 9 /CNW/ - Nortec Ventures Corp., ("Nortec" or the "Company"), announces that diamond drilling was completed on the TL nickel- copper property, located 50 kilometres northwest of Inco's large Voisey's Bay nickel-copper deposit, Northern Labrador. A total of 14 diamond drill holes (Hole Numbers 41 to 54) were drilled totaling 2300 metres on 5 targets identified by geophysical methods and geology. Drill core was cut with a diamond saw and the splits were analysed for nickel, copper, and cobalt by Eastern Analytical Labs, Springdale, Newfoundland. The five targets tested by drilling are the Pond Zone, West Anomaly, B1 Anomaly, Goose Feather Anomaly and the All-About-It East Anomaly. Very significant results were obtained from drill hole 54 (last hole of the program) and marginal results from drill hole 44 from the Pond Zone. The drill holes on the Goose Feather Anomaly returned anomalous copper and nickel values. The results are summarized as follows:
Pond Zone: << Drill Hole 54
From To Width Nickel Copper Cobalt (metres) (metres) (metres) (%) (%) (ppm) 5.5 13.8 8.30 0.84 0.37 231 5.8 13.8 8.00 0.87 0.38 239 6.8 13.8 7.00 0.97 0.43 266 6.8 12.8 6.00 1.09 0.48 298 6.8 11.8 5.00 1.19 0.53 235
Included in this is a 0.7 metre intersection assaying 0.35% copper and 2.19% nickel. More drilling is required to determine the true widths and the source of the mineralization. The sulphide mineralization, up to 40% in places, consists of pyrrhotite, pentlandite and chalcopyrite in places and exhibits leopard textures typical of mineralization at Inco's Voisey's Bay orebody. The mineralization occurs in gabbro intrusive bodies of probable troctolitic composition. The drill hole was designed to trace the source of the sulphide mineralization and intersected several gabbro bodies at depth. It was terminated at 325 metres due to drilling problems.
Drill Hole 44
From To Width Nickel Copper Cobalt (metres) (metres) (metres) (%) (%) (ppm) 65.3 66 0.7 0.14 0.04 56 66 67 1 0.23 0.08 82 67 68 1 0.16 0.05 64 68 69 1 0.25 0.13 87 69 69.75 0.75 0.25 0.07 86
Goose Feather Anomaly:
Drill hole 46 returned values in the range of 100 to 580 ppm copper and 100 to 370 ppm nickel over 10 metres. Drilling on the West Anomaly, B1 Anomaly and the All-About-It East intersected graphitic conductors and zones and therefore returned no significant values. All the results are being compiled and evaluated in order to plan for the next phase of the work program. The management is pleased with the results of drill hole 54 and and extensive drilling will be carried out to explore for source of this near surface magmatic nickel-copper-cobalt mineralized zone. The TL Property is the subject of a joint venture agreement with Vulcan Minerals Inc. (TSX-V: VUL) whereby Nortec may earn a 51% interest in the property. Mr. 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 TL Property. Mr. Vulimiri is a qualified person in accordance with National Instrument 43-101 guidelines. For further details on Nortec Ventures Corp., please visit the Company's website at http://www.nortecventures.com.
On behalf of the Board of Directors
"Mohan R. Vulimiri"
Mohan R. Vulimiri, President & CEO
This press release contains forward-looking statements that involve risks and uncertainties. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents herein.
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