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Norsemont Mining Announces Constancia Infill Drill Results and Updates Progress with Definitive Feasibility Study
58.45 meters @ 1.59% Cu Eq, 74.45 meters @ 1.05% Cu Eq and 212 meters @ 0.56% Cu Eq Full Feasibil...
About this update from Norsemont Mining Inc.
[{"type":"text","content":"\n\n\n\n58.45 meters @ 1.59% Cu Eq, 74.45 meters @ 1.05% Cu Eq and\n\n\n212 meters @ 0.56% Cu Eq\n\n\nFull Feasibility Study Team Appointed\n\n\nShares Issued and Outstanding: 50,722,713\n\n\nTSX: NOM\n\n\nBVL: NOM\n\n\nTORONTO, ON, and LIMA, Peru, July 3 /CNW/ - Norsemont Mining Inc. ("the\nCompany") (TSX: NOM, BVL: NOM) today announced additional results from the\nongoing Phase III infill drill program at the Constancia\ncopper-molybdenum-silver-gold porphyry project in southern Peru. The company\nalso updated shareholders on the progress of its ongoing definitive\nfeasibility study.\n\n\nNorsemont currently has eight drill rigs at the Constancia Project and\nhas completed almost 4,000 meters of drilling since the last release of drill\nresults on May 6, 2008. Since the last 43-101 resource estimate by GRD Minproc\ndisclosed on March 14, 2008, the majority of the drilling has been definition\ndrilling to test the north western peripheries of the Constancia zone towards\nthe San Jose zone. Other drilling has been in areas of lower grade or narrower\nintercepts, which is being completed for the pit optimisation work in ongoing\nengineering studies that form part of the feasibility study. The results are\nsummarized in Table 1 below with the full results (together with location map)\navailable on the Company's website www.norsemont.com.\n\n\nCommenting on the results, Norsemont's President and Chief Operating\nOfficer Bob Baxter said: "Our Constancia drilling program continues to return\nexcellent results in the northwest of the Constancia zone and immediately\nnorth of the San Jose zone. We are confident that we will extend the life of\nthe planned operation beyond that reported in our December 2007 Scoping Study.\nWe are seeing thinner intercepts to the west of the Constancia resource and\nthis will allow us to focus on infilling the areas of inferred resources to\nupgrade these to a minimum indicated status. This will be the main focus of\nour drilling in the next six weeks".\n\n\nMr. Baxter added: "We continue to see depth extensions of the Constancia\ndeposit, such as hole CO-08-233 which reported an intercept of 212 meters at\n0.49% Cu (0.56% CuEq) from 252 meters. At the southern end of the porphyry\nsystem we continue to see important intercepts of Cu, Au and Ag rich skarn\nmineralisation in step-...