Newsfile Corp
20 May 2026, 10:45 UTC · 1d ago
Source · https://www.newsfilecorp.com/release/298173/Nortec-Minerals-Completes-Barker-Bay-Gold-Project-Acquisition-Expands-Land-Package-Reports-Initial-Exploration-Results-and-Next-Step-Exploration
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Nortec Minerals Corp. has completed the 100% acquisition of the Barker Bay Gold Project and expanded its total holdings there to approximately 4,670 hectares. — Acquiring full ownership of a gold project in a prolific district provides a direct asset increase and clear operational control.
+0.60Q1 2026 ground magnetic surveys identified anomalies that coincide with elevated gold-in-soil values, suggesting a continuous, structurally controlled gold system. — Correlating different geophysical and geochemical datasets increases the probability of success for future drilling.
+0.40The company plans to initiate drone-based high-resolution magnetic and LIDAR surveys in Q2 2026, followed by bedrock trenching and channel sampling. — Immediate operational catalysts and the transition toward a maiden drill campaign provide near-term news flow potential.
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The company completed the acquisition of the Barker Bay Gold Project and identified high-confidence exploration targets.
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