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eResearch Updates Coverage for Nortec Corp (TSX.V - NVT) - Video Summary Posted on InvestmentPitch.com


March 29, 2011 - London

Vancouver, British Columbia, March 28, 2011 - Toronto-based eResearch Corp has issued a new report, raising their target price for Nortec Minerals, which trades on the TSX Venture Exchange under the symbol "NVT".

 

The new 12-month target price is $0.50, up from $0.24, with eResearch rating the company as a speculative buy for long-term, risk-tolerant investors.

 

Investmentpitch.com, a multimedia company, offering a combined solution for creating, hosting and distributing video content has posted a "video news alert" based on the research report. If this link is not enabled, please visit www.investmentpitch.com and enter "Nortec" in the search box.

 

The following information has been taken from the eResearch report.

 

Nortec Minerals is a junior mining company with a diverse portfolio of properties across Finland  with their current focus on exploring for base and precious metals, rare earth elements and lithium.
They also have projects in Labrador, Canada, and in southern Ecuador.

 

In February 2011, Nortec released its first 43-101 resource estimate for its 100% owned Lantinen Koillismaa project in northern Finland. The resource estimate was prepared by Watts, Griffis and McOuat.

 

Highlights of the resource estimate showed 688,000 ounces of palladium-platinum-gold, 68,000 tonnes of copper and 44,000 tonnes of nickel. A 15,000 metre drill program over the next few years could triple this initial resource estimate. The company plans to investigate opportunities to spin-out this project into a stand-alone company, possibly with an AIM listing on the London Stock Exchange.

 

In August 2010, Nortec completed an initial 1,000 metre drill program on the Marttalanniemi prospect of its Seinajoki property. Results from the company's drilling returned higher grades than that from the historic GTK drilling over the same area. Best drill results from the phase 1 drill program included 13.52 grams per tonne gold over 4 metres, 5.75 grams over 3 metres and 2.69 grams over 5 metres. This program tested the top 30 metres below natural surface. The mineralized zone is open at depth to the southeast and along strike to both the northwest and southeast.

 

Nortec has also identified 3 mineral properties for acquisition in Ecuador. All 3 host significant copper-gold-molybdemum mineralization.

 

For a more information on Nortec Minerals, please visit their website at www.nortecminerals.com, phone 604-717-6426 or email info@nortecminerals.com

 

For a copy of the eResearch report please visit www.eresearch.ca

 

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
BMorgan@investmentpitch.com





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Source: InvestmentPitch via Thomson Reuters ONE

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