Nortec Minerals Corp. (OTC Other: NMNZF; TSX-V: NVT) is a junior mining company with a diverse portfolio of properties (1) across Finland, (2) in Labrador, Canada, and (3) in Azuay Province, southern Ecuador. Nortec continues to make solid progress in exploration activities on its key projects in Finland. Earlier this year, the Company announced that a NI 43-101 resource estimate for its Läntinen Koillismaa (“LK”) project confirmed large tonnage, hosting PGE-gold-copper-nickel. Nortec recently signed a letter of intent, for $20.5 million, to option the LK project. This will allow Nortec to benefit from required exploration, over three years, to be completed by its new joint-venture partner.
Nortec is also focused this year on further exploration in Finland of its (1) Tammela gold and lithium project where it confirmed the presence of gold mineralization during Q1/2011, and (2) Seinäjoki gold project that is located in a new under-explored gold district.
eResearch recommends Nortec Minerals Corp. as a Speculative Buy for long-term risk-tolerant investors and maintains its 12-month target price of $0.50.
To read the full Update Report, click here: http://www.eresearch.ca/_report/NVT_081611-U.pdf.