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Norsemont Mining Announces High Grade Copper-Gold Mineralization at Pampacancha South, Constancia Project, Peru
Norsemont Mining Announces High Grade Copper-Gold Mineralization at Pampacancha South, Constancia...
About this update from Norsemont Mining Inc.
[{"type":"text","content":"\n\n\n\nJan. 14, 2010 (Canada NewsWire Group) -- TORONTO, and LIMA, Peru, Jan. 14 /CNW/ -- Norsemont Mining Inc. (\"the Company\") (TSX: NOM, BVL: NOM) today announced the first results of the current drilling campaign at the Company's 100-percent controlled Pampacancha Prospect, located 3 kilometres SE of the Constancia deposit in south-eastern Peru.The Pampacancha prospect was discovered in September 2008 after drilling results identified high-grade Cu-Au-Ag-Mo mineralization in porphyry-related skarn bodies. On January 27 2009, the Company reported the results of the first drill holes where high grade mineralization was intersected in holes PR-08-08, PR-08-012 and PR-08-10 and PR-08-011, drilled from platforms located 420 meters apart. Results of this drilling identified a north-south-striking mineralized corridor with dimensions of about 1,000 metres by 400 metres, which was the focus of the current follow-up drilling campaign carried out during November and December 2009.Commenting, Norsemont President and COO Robert Baxter said: \"Preliminary results confirm the presence of large Cu-Au-Ag-Mo-bearing magnetite-calc-silicate skarn bodies and endoskarns closely associated to moderate to strong, potassically-altered dioritic porphyry. These latest drill results take us a further step towards our vision to increase Constancia's global resource from its current 440 million tonnes to more than 800 million tonnes. We are very encouraged by the wide intercepts of high grade mineralisation from our current drill campaign\".Table 1 below contains the latest results from the current drill campaign. In the southern sector of Pampacancha, hole PO-09-006 intersected 71.30 metres of magnetite-calc-silicates skarns (from 56.00m to 127.30m depth) averaging 1.29% Cu, 7.34 grams per tonne (g/t) Ag and 0.509 g/t Au. From the same platform holes PO-09-012 and PO-09-009 were drilled in different directions to determine the geometry of the skarn mineralization.Hole PO-09-012 was drilled vertical, intersecting two main skarn bodies, the uppermost of 49.30m (from 21.00m to 70.30m depth) averaging 0.73% Cu, 260ppm Mo, 6.61 g/t Ag and 0.31 g/t Au; and a deeper intercept of 39.00m (from 135.00m to 174.00m depth) averaging 0.88% Cu, 107ppm Mo, 6.51 g/t Ag and 0.395 g/t Au. Hole PO-09-009, drilled to the SE (striking 113degrees) intersected two skarn bo...