NVT.v Halted. Don't know weather we have anything here or not but volume sky rocked 10X last hour yesterday first 2 hours today. Good chance they found better grades in Phase 2 of their drilling program or that they started Phase 3 of deeper drilling. I took a shot at this small exploration company because the adjacent land is rich in discoveries, its in safe Finland, CEO Mohan (an accomplished geologist for over 30 years with many years public company experience) recently recieved 600,000 options to purchase 600,000 shares at an exercise price of $0.30, no other cheap warrents are hanging, insiders have been buying, Pinetree is behind it, and the Market cap is only 16 mil.
Market Regulation Services - Trading Halt - Nortec Ventures Corp - NVT
Time of Halt: 10:58 ET
VANCOUVER, BRITISH COLUMBIA, Mar 6, 2008 (Marketwire via COMTEX News Network) --
Further to the press release dated February 12, 2008, Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company"), announces that Phase II diamond drilling has commenced on the Kaukua Platinum - Palladium - Gold (PGE + Au) - Nickel - Copper project located in Northeastern Finland.
A third phase of core drilling consisting of deeper down-dip holes is being planned. The Company is at present in discussions with a company with a drill capable of drilling 300 to 400 metres. Nortec will inform the shareholders once the Phase III drilling contract is signed.
Nortec is also in discussions with SJ Geophysics of Vancouver, to carry out a 3-D (three dimension array) Induced Polarization (IP) survey in areas to the south and west of the mineralized zone intersected by drilling to date. This will assist in further targeting the higher grade mineralization.
Upon completion of the Phase II drilling program, Nortec will initiate a National Instrument 43-101 report to calculate any potential resources under a drill indicated/inferred resource category. Polished-section and Metallurgical studies of representative mineralized core samples will also be carried to determine the nature of mineralization and PGE, Nickel and Copper recoveries.
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