Nortec to Acquire Nevada Gold Property with Drilling Intersecting 2.27 g/t Au over 38.1 Meters (Including 15.55 g/t Au over 1.53 m plus 6.74 g/t Au over 1.52 m)

On February 25, 2026, Nortec Minerals Corp. announced a purchase option agreement with Trifecta Gold Ltd. to acquire a 100% interest in 83 mineral claims in the Varyville Mining District, Humboldt County, Nevada. The property includes the historical Columbia, Bartlett, and Juanita Mines. Key historical drill highlights reported include 2.27 g/t Au over 38.1 meters and 11.96 g/t Au over 3.05 meters. The deal structure is heavily back-weighted: an initial $25,000 payment (cash or shares), followed by escalating annual payments starting at $50,000 in Year 1 and reaching $1,000,000 by Year 5.

This news is Material - Positive as it provides the company with a flagship-caliber project in a Tier-1 jurisdiction (Nevada) with proven mineralization. - Project Quality: The historical results (e.g., 3.03 g/t Au over 25.91m) suggest bulk-tonnage potential flanking high-grade veins, which is significantly more advanced than the company's previous early-stage Ontario assets. - Deal Structure: The low upfront cost ($25k) is critical given Nortec’s weak cash position. It allows the company to "rent" the project while attempting to raise exploration capital. - Jurisdiction Shift: Moving into Nevada increases the company's profile for potential US-based investors or larger mid-tier partners. - Risk: The escalating payment schedule ($2M total over 5 years) will require significant future dilutive financings or a major discovery to sustain.

Nortec Minerals is a junior exploration company that has recently undergone a management overhaul (Nov 2025) and a strategic shift. - Flagship Project: The Nevada Gold Property (Varyville District). It features mesothermal quartz veins and bulk-tonnage diorite-hosted gold. - Secondary Projects: Barker Bay (Ontario - Gold), Sturgeon Lake (Ontario - VMS/Zinc), and minority interests in Finnish lithium/gold assets.