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Norsemont Mining Inc. advances mineral exploration at the Choquelimpie project in Chile. Company news centers on gold, silver, copper, lead and zinc exploration, drilling programs, assay results, project geology, environmental permitting work and public-market trading updates.
Recent updates describe Phase 3 drilling at the company's wholly owned Choquelimpie project, including precious-metal and base-metal assay results, drill-program progress and conference participation. News also covers Norsemont's OTCQX trading status and investor outreach tied to its advanced-stage mineral exploration profile.
Norsemont Mining announced its participation in the 2022 Prospectors & Development Association of Canada Convention from June 13-15, showcasing its Choquelimpie gold-silver project. The company also closed a first tranche of a non-brokered private placement, raising $100,000 through 6% unsecured convertible debentures, convertible into units at $1.00. Each unit comprises one common share and one-half warrant, exercisable at $1.25 for three years. The company aims to utilize the proceeds for general corporate purposes.
Norsemont Mining Inc. (OTCQB: NRRSF) announces significant results from its 2021 diamond drilling program at the Choquelimpie gold-silver project in Chile. Highlights include drill hole MV21-009, which revealed a notable interval of 170.0 meters grading 1.35 g/t gold and 18.3 g/t silver, with the potential for more mineralization. CEO Marc Levy highlighted the transformational potential of these results, indicating that they point to the presence of porphyry Au-Cu mineralization below the Choque Pit. The drill campaign aims to expand the known mineral footprint.
Norsemont Mining Inc. (OTCQB: NRRSF) has released results from its 2021 diamond drilling program at the Choquelimpie gold-silver project in Chile. Highlights include:
- 1.43 g/t gold over 63m, including 2.01 g/t over 35m at Vizcacha (MV21-003).
- 0.71 g/t gold and 10.7 g/t silver over 115m at the Choque Pit (MV21-006).
- Drilling explored significant mineralization and identified potential for a previously unknown porphyry system.
The company also announced a debt settlement via shares issuance, reinforcing its focus on enhancing shareholder value.
Norsemont Mining Inc. announced positive results from its first diamond drilling program at the Choquelimpie project in northern Chile. The assay results include significant gold grades: 1.38 g/t Au over 93.0m and 3.63 g/t Au over 31.0m. The drilling campaign achieved 3,144.1 meters out of a planned 4,000 meters before being paused due to winter conditions. CEO Marc Levy expressed optimism about the high-grade intercepts, indicating a potentially extensive mineralized system. The company continues to analyze samples to further evaluate gold mineralization.
Norsemont Mining Inc. (OTCQB: NRRSF) has appointed Mr. John Bean to its Board of Directors as an independent director. Bean, a seasoned CFO with extensive experience in the cannabis and real estate sectors, previously led Aurora Cannabis during its critical growth phase. Mr. Kant Trivedi has resigned from the board to accommodate this change. Norsemont also granted 100,000 stock options to a director at an exercise price of 74 cents per share. The company owns the Choquelimpie Gold-Silver Project in Chile, emphasizing its commitment to enhancing shareholder value.
Norsemont Mining's (NRRSF) diamond drilling program at the Choquelimpie project in Chile is surpassing expectations. The campaign, which began in December 2021, involves two drill rigs and has already completed eight holes. This 4,000-metre drill program focuses on high-grade gold-silver targets identified in historic drilling. Initial results are expected within two weeks. VP Exploration John Currie expressed optimism about the mineralized zones found, while CEO Marc Levy indicated the potential for new mineralization areas, with plans for further exploration in 2022.
Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF) announced a webinar on December 7, 2021, at 3:00 PM EST to discuss updates regarding its Choquelimpie gold and silver project. CEO Marc Levy will provide insights into the company's plans for 2022 and engage in a Q&A session with shareholders. The Choquelimpie project is notable for its significant infrastructure and over 1,700 drill holes, highlighting its potential as a valuable investment opportunity. Interested participants can register for the free webinar through the provided link.
Norsemont Mining has initiated a 4,000 metre diamond drilling program at its Choquelimpie gold-silver project in northern Chile. The drilling, contracted to Wolf Drilling, aims to confirm historic high-grade gold and silver intercepts across three targeted areas. So far, 1,243 metres have been drilled. The ongoing work is expected to enhance resource estimates and support further drilling campaigns in 2022. The company continues to follow industry best practices for sample preparation and quality assurance.
Norsemont Mining has received the necessary environmental permit for its first diamond drilling campaign at the Choquelimpie project in Chile. This approval allows for the evaluation of geological resources without requiring an environmental impact study. The company highlighted its commitment to environmental policies and the support from the local Aymara indigenous community during a ceremonial blessing of the project. CEO Marc Levy expressed excitement over the drilling program, which aims to advance the project and an upcoming NI 43-101 resource report.
Norsemont Mining Inc. (OTCQB: NRRSF) reports progress at the Choquelimpie gold-silver deposit with updated geological models and re-assaying of 14,850 samples. The re-assay, conducted in Chile, validates historical results. Geologists have logged 6,346 meters and developed 10 geological cross-sections for future resource updates. Meanwhile, ongoing geophysical surveys aim to understand mineralization better. Despite promising findings, challenges remain as the project is still in the early exploration stages, with significant work ahead to assess its full potential.