Nortec Minerals Corp. announced initial soil sampling results from the 2023 Soil Sampling Program on the Sturgeon Lake VMS project. Results from the first of four soil grids have confirmed anomalous copper - zinc - gold and manganese values, coincident with both Magnetic and Electromagnetic geophysical survey results, thereby confirming prospectivity of three high-priority VMS targets in Grid 1 of the 2023 VTEM survey.

Soil results on Grid 1 have confirmed the presence of three high-quality VMS targets that all host coincident Magnetic and EM values with each having a depositional geometry. VMS Target 1 hosts a strong correlation between high Cu, Zn, Au, and Mn soil assays in and around two strongly coincident Magnetic and EM anomalies. Limited and shallow historical drilling within the Target 1 area has provided results of 5.8g/t Au, 4.5g/t Ag, 0.64%Pb over 0.9m in historical hole C81-2, thereby confirming that the target is mineralized.

VMS Target 2 hosts a significant copper soil anomaly of 2450ppm or 0.245% within a coincident Magnetic and EM anomaly and has never been drill tested. Work on the Northeast copper target is confirming the potential for a new copper-rich VMS discovery in an underexplored part of the Sturgeon Lake camp, namely the central sturgeon assemblage. Five short historic holes have been drilled in the area's >2km strike length and each hole intersected VMS depositional lithologies, alteration and sulphide mineralization, which are characteristic of a copper-rich VMS mineral system.

Two holes, C-2 (Ontario Assessment File 52G15NW0042) and H-9 intersected pervasive sections of copper-rich stockwork mineralization (0.16%Cu over 15.2m and 0.34% Cu over 13.4m including 3.1% Cu over 0.3m respectively) on the periphery of the 2023 VTEM anomalies. The Company has recently completed a ground EM survey (results pending) to help define discrete VMS conductors for target refinement in the planned 2024 drill program. The area is fully permitted for drill testing.

The 2023 Soil Sampling Program is complete and remaining results are expected in the coming weeks.