Nortec Announces Drill Program at Sturgeon Lake VMS Project, Ontario, Canada
Nortec Mineral Corp. (TSXV: NVT) has announced the commencement of exploration drilling at its Sturgeon Lake Copper-Zinc-Lead Project in Ontario, Canada in February 2025. The project is strategically located adjacent to Glencore's Mattabi Mine site.
The drilling targets were identified through a combination of ground Electromagnetic (EM) survey conducted in Q4 2024 and a 2023 Versatile Time Domain Electromagnetic (VTEM) survey. Target Area 1 conductors were further validated by soil surveys showing up to 125 ppm copper and 131 ppm gold. Historic drilling in the area has revealed promising results, including 0.3% Cu and 0.9% Zn over 1.5m, and 5.8 g/t gold and 0.6% lead over 0.91 meter.
The company plans a 500-meter maiden drill program scheduled to begin in February 2025, targeting areas with demonstrated potential for copper and gold-rich VMS mineralization.
Nortec Mineral Corp. (TSXV: NVT) ha annunciato l'inizio della perforazione di esplorazione presso il suo Progetto di Rame-Zinco-Piombo di Sturgeon Lake in Ontario, Canada, a febbraio 2025. Il progetto è strategicamente situato adiacente al sito della Miniera Mattabi di Glencore.
Gli obiettivi di perforazione sono stati identificati attraverso una combinazione di indagini elettromagnetiche a terra condotte nel quarto trimestre del 2024 e un'indagine elettromagnetica a tempo versatile (VTEM) del 2023. I conduttori dell'Area Target 1 sono stati ulteriormente convalidati da indagini del suolo che mostrano fino a 125 ppm di rame e 131 ppm di oro. Le perforazioni storiche nella zona hanno rivelato risultati promettenti, inclusi 0,3% di Cu e 0,9% di Zn su 1,5 m, e 5,8 g/t di oro e 0,6% di piombo su 0,91 metro.
L'azienda prevede un programma di perforazione inaugurale di 500 metri programmato per iniziare a febbraio 2025, mirando a aree con potenziale dimostrato per mineralizzazioni VMS ricche di rame e oro.
Nortec Mineral Corp. (TSXV: NVT) ha anunciado el inicio de la perforación de exploración en su Proyecto de Cobre-Cinc-Plomo de Sturgeon Lake en Ontario, Canadá, en febrero de 2025. El proyecto está estratégicamente ubicado adyacente al sitio de la Mina Mattabi de Glencore.
Los objetivos de perforación fueron identificados a través de una combinación de un estudio electromagnético terrestre realizado en el cuarto trimestre de 2024 y un estudio electromagnético de dominio de tiempo versátil (VTEM) de 2023. Los conductores del Área Objetivo 1 fueron validados adicionalmente por estudios de suelo que mostraron hasta 125 ppm de cobre y 131 ppm de oro. La perforación histórica en la zona ha revelado resultados prometedores, incluidos 0.3% de Cu y 0.9% de Zn sobre 1.5 m, y 5.8 g/t de oro y 0.6% de plomo sobre 0.91 metro.
La empresa planea un programa de perforación inaugural de 500 metros programado para comenzar en febrero de 2025, enfocándose en áreas con potencial demostrado para mineralización VMS rica en cobre y oro.
Nortec Mineral Corp. (TSXV: NVT)는 2025년 2월 캐나다 온타리오주 Sturgeon Lake 구리-아연-납 프로젝트에서 탐사 굴착을 시작한다고 발표했습니다. 이 프로젝트는 Glencore의 Mattabi 광산 site에 인접해 전략적으로 위치해 있습니다.
굴착 목표는 2024년 4분기에 실시된 지상 전자기(EM) 조사와 2023년의 다목적 시간 영역 전자기(VTEM) 조사의 조합을 통해 확인되었습니다. Target Area 1의 전도체는 토양 조사가 최대 125ppm의 구리와 131ppm의 금을 보여주면서 추가로 검증되었습니다. 이 지역의 역사적인 굴착에서 0.3% Cu 및 0.9% Zn을 1.5m 동안, 5.8 g/t 금과 0.6% 납을 0.91m 동안 포함한 유망한 결과가 드러났습니다.
회사는 구리와 금이 풍부한 VMS 광물이 있는 지역을 목표로 하는 500미터의 첫 굴착 프로그램을 2025년 2월에 시작할 예정입니다.
Nortec Mineral Corp. (TSXV: NVT) a annoncé le début des forages d'exploration pour son projet de cuivre-zinc-plomb de Sturgeon Lake en Ontario, Canada, en février 2025. Le projet est stratégiquement situé à côté du site de la mine Mattabi de Glencore.
Les cibles de forage ont été identifiées grâce à une combinaison d'une enquête électromagnétique au sol effectuée au quatrième trimestre 2024 et d'une enquête électromagnétique à domaine temporel polyvalent (VTEM) de 2023. Les conducteurs de la zone cible 1 ont été validés par des enquêtes de sol montrant jusqu'à 125 ppm de cuivre et 131 ppm d'or. Les forages historiques dans la région ont révélé des résultats prometteurs, y compris 0,3 % de Cu et 0,9 % de Zn sur 1,5 m, ainsi que 5,8 g/t d'or et 0,6 % de plomb sur 0,91 mètre.
La société prévoit un programme de forage inaugural de 500 mètres qui débutera en février 2025, visant des zones avec un potentiel démontré pour la minéralisation VMS riche en cuivre et en or.
Nortec Mineral Corp. (TSXV: NVT) hat den Beginn der Erkundungsbohrungen in seinem Kupfer-Zink-Blei-Projekt am Sturgeon Lake in Ontario, Kanada, im Februar 2025 angekündigt. Das Projekt befindet sich strategisch günstig neben dem Mattabi-Bergwerksstandort von Glencore.
Die Bohrziele wurden durch eine Kombination aus einer geophysikalischen Untersuchung im vierten Quartal 2024 und einer vielseitigen zeitdomänenelektromagnetischen (VTEM) Untersuchung aus dem Jahr 2023 identifiziert. Die Leiter in Zielbereich 1 wurden durch Bodenuntersuchungen validiert, die bis zu 125 ppm Kupfer und 131 ppm Gold zeigten. Historische Bohrungen in der Gegend haben vielversprechende Ergebnisse geliefert, einschließlich 0,3% Cu und 0,9% Zn über 1,5 m sowie 5,8 g/t Gold und 0,6% Blei über 0,91 Meter.
Das Unternehmen plant ein 500-Meter-Erstbohrprogramm, das für Februar 2025 vorgesehen ist und auf Bereiche mit nachgewiesenem Potenzial für kupfer- und goldreiche VMS-Mineralisierung abzielt.
- Strategic location adjacent to Glencore's Mattabi Mine
- Promising historical drill results showing significant mineralization
- Multiple confirmed targets through both VTEM and ground EM surveys
- Positive soil survey results validating target areas
- scope of initial drilling program (only 500 meters)
- Historic drill hole locations not verified in the field
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2025) - Nortec Mineral Corp. (TSXV: NVT) (the "Company" or "Nortec") is pleased to announce exploration drilling is to begin in February at the volcanogenic massive sulphide ("VMS") Sturgeon Lake Copper-Zinc-Lead Project, Ontario, Canada (Figure 1), located adjacent to Glencore Plc's Mattabi Mine site. Drill targeting has been conducted using data received from both a ground Electromagnetic ("EM") survey conducted in Q4 2024 and from a 2023 Versatile Time Domain Electromagnetic ("VTEM") survey.
Highlights
Maiden diamond drill program planned for February 2025.
Target Area 1 conductors (Figure 2) were first identified by the 2023 VTEM survey (see news release May 31, 2023) and have been further refined by a late-2024 ground-based EM survey.
To provided additional targeting confidence, all conductors were derisked via a soil survey that returned up to 125 ppm copper and 131 ppm gold (see news release November 21, 2023)
Limited historic drilling in the vicinity of Target Area 1 has returned anomalous gold, copper, zinc and lead values with up to
0.3% Cu and0.9% Zn over 1.5m and 5.8 g/t gold and0.6% lead over 0.91 meter (see Ontario Mineral Deposit Index MDI52G15NW00020).
Q4 2024 EM Survey
The Q4 2024 fixed-loop Time Domain Electromagnetic ("TDEM") survey conducted by Crone Geophysics, has been processed, interpreted and combined with data collected from the 2023 VTEM survey. This has resulted in generation of several Maxwell EM plates, which were used to refine conductors in Target Area 1 (Figure 2, 3) in preparation for diamond drilling.
Q1 2025 Drill Program
Numerous historical drill intercepts on the property host anomalous zinc - copper mineralization and favourable VMS geology. Historic drill holes also show strong potential for both copper and gold-rich VMS mineralization, such as 5.8g/t Au / 0.91 meters in C-81-2 (Ontario Assessment File 52G15NW0038) in Target Area 1 and
Preparations are underway for a 500-meter, maiden drill program by the Company on the Sturgeon Lake Project. Drilling is scheduled to begin in February 2025.
About Sturgeon Lake VMS Property
The Sturgeon Lake VMS Property lies immediately north and adjacent to Glencore's past-producing Mattabi Mines and is host to the highly prospective continuation of the volcanogenic massive sulphide ("VMS") producing volcanic stratigraphy.
The Sturgeon Lake VMS mining camp is host to five high-grade past producing zinc - copper - lead - silver - gold mines of Glencore Plc, having a total combined production of 19.8Mt @
The Sturgeon Lake Mine Camp is located within the prolific Sturgeon Lake greenstone belt in the Wabigoon sub-province of Ontario's Superior Province, approximately 270 kilometers northwest of Thunder Bay.
Figure 1. Sturgeon Lake Project location and geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4874/238386_figure1.jpg
Figure 2. Sturgeon Lake Project, showing Drill Target Areas, 2023 soils, and 2023 airborne Magnetic survey as background.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4874/238386_figure2.jpg
Figure 3. Priority Drill Target Areas 1 and 2 showing 2024 EM survey lines (black) with 2024 EM plates (red), 2023 soils and airborne Mag as background
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4874/238386_figure3.jpg
Management Changes
Cameron Bell's, role as Vice President of Exploration has concluded. The Company would like to thank Mr. Bell for his valuable time and efforts on behalf of Nortec.
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P.Geo., a Qualified Person as defined by National Instrument 43-101.
About Nortec Minerals Corp.
Nortec is a mineral exploration company that holds
Additional information can be found on the Company's SEDAR+ profile at www.sedarplus.ca and its website at www.nortecminerals.com.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
Director
For further information contact:
"Derrick Weyrauch"
Email: investor.relations@nortecminerals.com
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Nortec Minerals Corp. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238386
FAQ
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