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Norsemont Mining Announces 2,184,000 Indicated at 0.83 G/T and 557,000 Inferred at 0.69 G/T Gold Equivalent Ounces MRE For Choquelimpie
Vancouver, B.C. – April 14, 2025 – TheNewswire - Norsemont Mining Inc., (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announc
About this update from Norsemont Mining Inc.
[{"type":"text","content":"Vancouver, B.C. – April 14, 2025 – TheNewswire - Norsemont Mining Inc., (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper Project (“Choquelimpie“ or “the Project”), located in the Province of Parinacota, Region XV, Northern Chile. Norsemont holds a 100% ownership interest in the Project, through its wholly owned Chilean subsidiary, Sociedad Contractual Minera Vilacollo, (“SCMV”). The updated estimate reflects updated drilling results which continue to demonstrate the significant upside potential for the Project. Highlights of the Updated Mineral Resource Estimate: Indicated Resources: 81,888,000 tonnes with grades of 0.83 AuEq, containing 1,731,000 ounces of gold at 0.66 g/t, 33,233,000 ounces of silver at 12.62 g/t and 50,867,000 pounds of copper at .04%. Inferred Resources: 25,267,000 tonnes with grades of 0.69 AuEq, containing 446,000 ounces of gold .55 g/t, 7,219,000 ounces of silver at 8.89 g/t and 19,104,000 pounds of copper at .04%. The updated MRE is based on 3,144 meters of additional drilling completed in 2021 and includes updated geological modeling and re-interpretations of several oxidation zones throughout the mineral deposit. “This updated Mineral Resource Estimate of 2,184,000 indicated and 557,000 inferred gold equivalent ounces marks a significant milestone for Norsemont and provides a strong foundation as we advance Choquelimpie toward development,” said Marc Levy, President and CEO. “The additional drilling and geological modeling increase our confidence in the resource and support our belief in Choquelimpie’s significant upside potential. We look forward to progressing toward a preliminary economic assessment and further exploration to grow this resource base.” Choquelimpie Project Indicated and Inferred Mineral Resource Estimate Effective Date March 31, 2025 Oxide Mineralization Classification K tonnes Au g/t K Oz Au Ag g/t K Oz Ag Cu % K Cu Lbs. Au Eq Au Eq Oz Indicated 23,755 0.57 434 13.25 10,118 0 0 0.72 547,000 Inferred 695 0.31 7 5.73 128 0 0 0.38 8,000 Sulfide Mineralization Indicated 58,133 0.69 1,297 12.37 23,115 0.04 50,867 0.88 1,637,000 Inferred 24,572 0.56 439 8.98 ...