Nortec Minerals (OTC Other: NMNZF; TSX-V: NVT) recently optioned the LK palladium-platinum-gold-copper-nickel project to Finore Mining Corp., which can earn an 80% interest by making payments of $10.5 million and spending $10 million over 3 years. Nortec and Finore have released initial results from the Phase V drill program, highlights of which include:
- 44.0 metres @ 0.80g/t PGE+Au; 0.28% Cu; 0.19% Ni from 58m (Hole HAU11-002), including 13.0 metres @ 1.15g/t PGE+Au; 0.38% Cu; 0.27% Ni from 84m
- 5.0 metres @ 1.05g/t PGE+Au; 0.33% Cu; 0.24% Ni from 114m (Hole HAU11-004)
These drill results extend the known palladium-platinum-gold-copper-nickel (“PGE+Au-Cu-Ni”) mineralization on the Haukiaho Target (“Haukiaho”), situated in the southern part of the LK Project. Drilling began in November 2011 focusing on the central-western mineralization at Haukiaho, known as the Torkoaho Zone. To date, a total of 12 holes have been geologically and geotechnically logged with zones of potential mineralization selected for sampling and assaying.