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Norsemont Mining Announces the Discovery of new Porphyry-related Cu-Au-Mo Mineralisation at Constancia Project in Peru
Share Issued and Outstanding: 60,266,947 TSX: NOM BVL: NOM
About this update from Norsemont Mining Inc.
[{"type":"text","content":"\n\n\n\nShare Issued and Outstanding: 60,266,947\nTSX: NOM\nBVL: NOM\n\nSurface samples up to 7.84 gpt Au, 2.1% Cu and 765 ppm Mo\n\n\nTORONTO, and LIMA, Peru, June 10 /CNW/ - Norsemont Mining Inc. ("the\nCompany") (TSX: NOM, BVL: NOM) today announced the discovery of new\nporphyry-related copper, molybdenum and gold mineralization at the Company's\n100-percent controlled Constancia Project in south-eastern Peru. The recently\ndiscovered Chiloroya South area, with dimensions of 3.5km by 3.5km is located\nabout 5.5 kilometres south of the Constancia-San Jose deposit, within a 3 km\nwide, southwest-oriented mineralized corridor that includes the Cu-Au-Mo\nPampacancha discovery, reported on January 27, 2009.\n\n\nEvaluation at Chiloroya South began in March 2009, including mapping at\n1:2000 and 1:5000 scale, as well as the collection of more than 700 rock\nsamples. The mineralization and alteration is coincident with several\nchargeability and magnetic anomalies.\n\n\nStrong evidence of porphyry-related copper-gold-molybdenum mineralization\noccurs at the southern sector in an area of about 2.5km by 2km. Scattered\noutcrops of fine-grained siltstones and felspatic sandstones are the host for\nthe mineralization exposed on surface. At the western sector a series of\neast-west-oriented quartz-limonite brecciated structures hosted by feldspatic\nsandstones occur in an area of about 500 metres by 500 metres. On the crest of\nthe hill oxidation and leaching of former sulphides have been strong, leaving\nlimonite crusts and gossanous areas where former sulphides were massive.\nEvidence of copper oxide mineralization is observed about 50 metres down slope\nwhere copper oxides precipitated on fractured surfaces in feldspatic\nsandstones, visible at only few tens of centimetres below surface.\n\n\nOf 152 rock samples taken from this area, 52% returned values from 0.1 up\nto 7.84 gpt Au (averaging 0.89 gpt Au), 85% were anomalous in copper,\nreturning from 70ppm up to 1.33% Cu and 40% were anomalous in molybdenum, with\nvalues in the order of 10 up to 446ppm Mo. This area is coincident with a\nmagnetic high and a composite 800 metre by 900 metre chargeability anomaly,\nthe latter extending westward to an area covered by post-mineral quaternary\ndeposits.\n\n\nOne kilometre to the south, there is another hill containing several\nso...