Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) is excited to announce the successful completion of the first seven holes in its Phase 3 drill program, totaling 1,650 meters. This drilling initiative has yielded critical data for extending higher-grade mineral zones to greater depths.
The seasonal "Altiplano Winter" weather pattern has led to a temporary postponement of drilling operations. However, Norsemont anticipates that drilling will resume in April 2026, aiming to complete a total of 20 diamond drill holes over 5,000 meters.
Drill samples from the 2025 program have been sent to the laboratory, with initial results received for two holes. Some intervals with initial "over-limit" results are pending re-assay, and additional partial results are expected later this quarter.
CEO Marc Levy remarked, "We have initially drilled 7 holes of the Phase 3 program of 20 holes planned, which should resume in April. Planning and permitting for a more extensive Phase 4 program in 2026 is underway. We are excited that the 2025 drilling at Choquelimpie has intersected higher-grade hydrothermal breccia bodies at depth, enhancing our confidence in expanding the open-pit resource and the overall size of the breccia pipes. We look forward to reporting initial assay results shortly."
The 2025 Phase 3 drill campaign at Choquelimpie has effectively evaluated the down-dip extensions of higher-grade gold mineralization (greater than 1 gram per tonne Au) present within hydrothermal breccia zones. The completed seven core holes total approximately 1,650 meters.
Downhole surveys have been conducted by DV Drilling utilizing a Devic Gyroscope. All split drill core samples from the drilling have been sent to Activation Geological Services SpA (AGS) for geochemical analysis. The samples were prepared at AGS’s facility in Antofagasta, Chile, and are being analyzed at their laboratory in Coquimbo, Chile, which is ISO 17025 certified. Gold grades are being determined using fire assay (AGS code AU-FA30), while intervals with oxidation are being evaluated by the cyanide-soluble gold method (AUCN).
In addition to gold, samples are being analyzed for 60 elements, including silver, using mass spectrometry (MS TD60). Over-limit samples for silver (100 ppm), copper (10,000 ppm), lead (5,000 ppm), and zinc (10,000 ppm) will be re-assayed by atomic absorption methods.
Assay results have been received for hole DD01, which intersected the Vizcacha hydrothermal breccia as predicted. Hole MV25-DD02 was drilled to 239 meters and mainly intersected the Vizcacha Hydrothermal Breccia.
Exploratory hole MV25-DD03 reached a depth of 275 meters, designed to target the Choque Zone, revealing argillically-altered DAP along with intervals of hydrothermal breccia. Hole MV25-DD04, reaching 200 meters, displayed a dominant dacite-andesite porphyry lithology before encountering hydrothermal breccia.
Further, hole MV25-DD05 reached 221 meters and intersected Choque hydrothermal breccia bodies. MV25-DD06 was drilled to a depth of 225 meters, encountering dacite-andesite breccia and hydrothermal breccia, indicating potential for more extensive mineralization.
The Phase 3 exploration program is under the supervision of Roman Flores, a Qualified Person (Q.P.) with the Commission Minera Chile. The technical information in this release has been reviewed by David Flint, MSc, AIPG-CPG, Chief Geologist of Norsemont Mining Inc., who is also a qualified person as defined in NI 43-101.
Norsemont has engaged i2i Marketing Group LLC for a six-month period to enhance its market presence and shareholder communications, with a total cash consideration of $300,000 USD. The company aims to leverage modern exploration techniques to maximize stakeholder value, focusing on its Choquelimpie gold-silver-copper project.
For further details, visit Inside Ticker or contact Investor Relations: Paul Searle at (778) 240-7724.