Norsemont Strategically Expands Choquelimpie Land Package To 9,048 Hectares
Rhea-AI Summary
Norsemont Mining (OTCQX:NRRSF) has expanded its land position at the Choquelimpie gold-silver-copper project by 3,291 hectares, increasing the total project area to 9,048 hectares. The newly staked claims target extensions of known mineralized geological trends along existing access corridors to support efficient future exploration.
According to Norsemont Mining, drilling at Choquelimpie is ongoing. The project is supported by a May 16, 2025 NI 43‑101 Technical Report outlining indicated resources of 81.9 Mt @ 0.66 g/t Au and 12.6 g/t Ag and inferred resources of 25.3 Mt @ 0.55 g/t Au and 8.9 g/t Ag, and benefits from substantial existing infrastructure.
Positive
- Land package expanded to 9,048 hectares, adding 3,291 hectares of new claims
- Newly staked ground targets extensions of identified mineralized geological trends
- Ongoing drilling at Choquelimpie supports continued exploration progress
- Indicated resources of 81.9 Mt @ 0.66 g/t Au and 12.6 g/t Ag
- Inferred resources of 25.3 Mt @ 0.55 g/t Au and 8.9 g/t Ag
- Existing infrastructure includes roads, power, water, camp and a historical 3,000-tpd mill
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / August 6, 2026 / Norsemont Mining Inc. (CSE:NOM)(OTCQX:NRRSF)(FWB:LXZ1) ("Norsemont" or the "Company") announces a strategic expansion of its land position at the Choquelimpie project, adding 3,291 hectares of newly staked ground. This increases the total project area to 9,048 hectares, strengthening Norsemont's control over key geological trends and opportunities identified by its technical team.
The additional ground was selected based on ongoing geological interpretations and the recognition of extensions to known mineralized trends. The new claims lie along established access corridors, providing efficient pathways for future exploration and development.
Highlights
Land position increased by 3,291 hectares, now totaling 9,048 hectares.
Newly staked areas capture extensions of several identified geological trends and opportunities.
Expansion supports long‑term exploration and development growth potential at Choquelimpie.
Management Comments
Marc Levy, CEO of Norsemont Mining, stated:
"As the Company continues to explore and develop the extensive mineralization at Choquelimpie, we are excited that our geological team has identified several extensions to existing geological trends and opportunities along existing roadways for future exploration and development. We continue to add value and advance Choquelimpie through our systematic technical and engineering work. Drilling is ongoing and we look forward to further results as they become available."
Qualified Person
David Flint, MSc, AIPG-CPG, and Chief Geologist of Norsemont Mining Inc.; a Qualified Person as defined in NI 43-101, has reviewed and approved the technical information in this press release.
On Behalf of the Board,
NORSEMONT MINING INC.
Marc Levy
CEO & Chairman
About Norsemont Mining Inc.
Norsemont Mining is led by an experienced team of natural resource professionals focused on advancing its flagship Choquelimpie Gold‑Silver‑Copper project through to feasibility. The project is the basis of a Technical Report filed by the Company on May 16, 2025, and available at www.sedarplus.ca which hosts:
Indicated Resources: 81.9 Mt @ 0.66 g/t Au (1,731,000 oz Au) and 12.6 g/t Ag (33,233,000 oz Ag)
Inferred Resources: 25.3 Mt @ 0.55 g/t Au (446,000 oz Au) and 8.9 g/t Ag (7,219,000 oz Ag)
Choquelimpie is a past‑producing mine with over 1,720 drill holes and substantial existing infrastructure, including roads, power, water, camp facilities, and a previously operational 3,000‑tpd mill. Norsemont is committed to responsible, sustainable development and modern exploration practices to unlock further value for shareholders and stakeholders.
For more information, please contact the Company at: psearle@norsemont.com
Investor Relations: Paul Searle (778) 240-7724
Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining
YouTube: @norsemontmining
Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding future plans, estimates, development and advancement of the project and the creation of shareholder value.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, permitting and regulatory risks with respect to advancement of the project, capital market risks and the ability of the Company to raise the capital necessary to fund continued advancement, risks associated with mineral exploration and development in general, risks related to fluctuating prices for gold, silver and copper, and environmental and geo-political risks.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.
SOURCE: Norsemont Mining, Inc.
View the original press release on ACCESS Newswire