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Nortec Minerals ( (TSE:NVT) ) has issued an update.
Nortec Minerals has signed a purchase option agreement to acquire the Pearl Gold Project, comprising 83 federal lode claims over 1,364 acres in the Varyville Mining District of Humboldt County, Nevada. The road-accessible property, with on-site power, covers historic high-grade producers Columbia, Bartlett and Juanita, and benefits from full permitting for trenching and diamond drilling.
Recent work by previous operators has outlined multiple high-grade and bulk-tonnage gold targets, including trench and drill intercepts such as 2.27 g/t gold over 38.1 metres and 11.96 g/t gold over 3.05 metres, alongside grab samples up to 150 g/t gold. The acquisition positions Nortec to drill-test a two-kilometre gold-in-soil anomaly and broad mineralized zones associated with diorite intrusions, potentially enhancing its growth pipeline and exposure to Nevada’s high-grade gold exploration upside.
More about Nortec Minerals
Nortec Minerals Corp. is a Toronto-based mineral exploration company focused on advancing precious metal projects. The company targets early- to advanced-stage gold assets in established mining jurisdictions, with a current strategic emphasis on expanding its portfolio in Nevada, a premier U.S. gold-producing region.
Average Trading Volume: 76,721
Technical Sentiment Signal: Hold
Current Market Cap: C$2.14M
For a thorough assessment of NVT stock, go to TipRanks’ Stock Analysis page.