Business
Norsemont Mining Appoints Gaston Loyola as VP Exploration
Shares Issued and Outstanding: 48,489,147 TSX: NOM BVL: NOM
About this update from Norsemont Mining Inc.
[{"type":"text","content":"\n\n\n\nShares Issued and Outstanding: 48,489,147\n\n\nTSX: NOM\n\n\nBVL: NOM\n\n\nTORONTO and LIMA, Peru, March 24 /CNW/ - Norsemont Mining Inc. ("the\nCompany") (TSX: NOM, BVL: NOM) is pleased to announce the appointment of\nMr. Gaston Loyola as Vice President of Exploration.\n\n\nMr. Loyola is an economic geologist with 20 years of experience in\ndifferent geological environments around the world including Peru, Chile,\nEcuador, China, Mexico, Canada and the USA. More specifically Gaston is a\nhighly motivated geologist with a thorough understanding of copper porphyry\nand related gold systems and extensive evaluation experience of porphyry\ncopper and skarn prospects in the Andahuaylas-Yauri belt in Peru.\n\n\nDuring his extensive career Gaston has worked with Empresa Minera\nEspecial Tintaya, Cyprus, Phelps Dodge, Anglo American and South Western Gold.\nGaston has a Master of Science degree from Queen's University, Canada.\n\n\nCommenting, Norsemont's President, Bob Baxter, said: "We are very pleased\nto welcome Gaston Loyola to the company. Gaston's extensive experience and\nleadership skills will be important to Norsemont as we reach another phase in\nthe exploration program on the Constancia Copper Project. As of today\nNorsemont continues to explore the project with six diamond drill rigs working\non a two shift, seven day a week basis. We expect that by early April we will\nhave initiated a 190 line kilometre program of ground magnetics and induced\npolarisation geophysics designed to enhance our understanding of our property\nholdings in the area. We have been exploring an area of less than 900 hectares\nof our 5,146 hectare project for the last three years and now have an\nadditional 18,000 hectares in the application phase."\n\n\nAbout Norsemont Mining\n\n\nNorsemont Mining is a Canadian mineral exploration and development\ncompany focused on the Constancia Cu-Mo-Ag deposit in southern Peru. Norsemont\ncurrently controls an undivided 81% interest in the Constancia Project, which\ninterest is set to increase to 100% by March 31, 2008 through a final option\npayment of US$8M to Rio Tinto.\n\n\nThe Constancia Project has a 43-101 compliant indicated resource of 70M\ntonnes at 0.53% Cu (0.8 Billion lbs Cu) and an inferred resource of 250.2M\ntonnes at 0.51% Cu (2.8 Billion lbs Cu). A recently complet...