(TheNewswire)
Vancouver, B.C. - TheNewswire- December 6 th , 2021 - Norsemont Mining Inc. (C NSX :NOM. CN)( OTC:NRRSF ) ( FWB:LXZ1) ( “ Norsemont ” or the “ Company ” ) is pleasedto announce that its maiden diamond drilling program at its Choquelimpie high sulphidation epithermal gold-silverproject in northern Chile is progressing better than anticipated andhas surpassed the mid-way mark. Two (2) drill rigs are turning andhave completed eight (8) holes to-date. This initial 4,000 metre drillcampaign is anticipated to be completed before the end of Decemberwith the first set of analytical results expected within twoweeks.
The 2021 drill program is targeting three areas - theVizcacha Pit area, the Intermedio Pit area and the Choque Pit area(Figure 1), which returned high grade gold-silver intercepts inhistoric drilling, (news release 15 th November2021). In addition, ongoing field mapping and 3D modelling suggeststhat mineralization may also be present between the historically minedpits. This program is designed to confirm historic drill results, andto test some of the areas with little or no drilling in search ofadditional mineralisation.
Figure 1: Choquelimpie historic open pits and drillholes, with Norsemont’s Q4 2021 drill hole locations.
Norsemont’s VP Exploration John Currie states: “We are extremelyencouraged by what we are seeing in both field mapping and in thedrill core at Choquelimpie to date. All drill holes completed haveintersected mineralised zones similar to those found in historicdrilling and have confirmed our field mapping and project-scale model.
Marc Levy, CEO of Norsemont said, “We’re excited to be advancingon our initial diamond drill program at Choquelimpie in order to testour thesis of significantly increasing the mineralisation at depthand along strike. We have also identified several new zones, whichwill be further explored in our phase two drilling program in 2022.The geophysical surveying has identified a 2.2kilometre-long anomalouszone connecting each of our existing pits. These are exciting timesfor all of our stakeholders and we hope to announce initial drillresults this month.”
Mr. Art Freeze, P.Geo, Director of Norsemont Mining as well as aqualified person as defined by National Instrument 43-101, hassupervised the preparation of the technical information in this newsrelease.
About Norsemont Mining Inc.
Norsemont comprises experienced natural resourceprofessionals focused on growing shareholder value and developing itsflagship project through to bankable feasibility. Norsemont Miningowns a 100-per-cent interest in the Choquelimpie gold-silver projectin northern Chile, a previously permitted gold and silver mine.Choquelimpie has over 1,700 drill holes, with significant existinginfrastructure.
On behalf of the Board of Directors,
NORSEMONT MINING INC.
Marc Levy
CEO & Chairman
For more information, please contact the Company at:
Telephone: (604) 669-9788; Facsimile: (604)669-9768
Investor Relation: Paul Searle
(778) 240-7724
Forward-Looking Information
This release includes certainstatements that are deemed "forward-looking statements". Allstatements in this release, other than statements of historical facts,that address events or developments that Norsemont expects to occur,are forward-looking statements. Forward-looking statements arestatements that are not historical facts and are generally, but notalways, identified by the words "expects","plans", "anticipates", "believes","intends", "estimates", "projects","potential" and similar expressions, or that events orconditions "will", "would", "may","could" or "should" occur. Although the Companybelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors thatcould cause the actual results to differ materially from those inforward-looking statements include changes to commodity prices, mineand metallurgical recovery, operating and capital costs, foreignexchange rates, ability to obtain required permits on a timely basis,exploitation and exploration successes, continued availability ofcapital and financing, and general economic, market or businessconditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those projected in the forward-lookingstatements. Forward-looking statements are based on the beliefs,estimates and opinions of the Company's management on the date thestatements are made. Except as required by applicable securities laws,the Company undertakes no obligation to update these forward-lookingstatements in the event that management's beliefs, estimates oropinions, or other factors, should change.
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release. No stockexchange, securities commission or other regulatory authority hasapproved or disapproved the information contained herein.
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