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Norsemont Mining Files NI 43-101 Technical Report for Feasibility Study Optimization of Constancia Cu-Mo-Ag Porphyry Project, Peru
Feb. 21, 2011 (Canada NewsWire Group) -- Share Issued and Outstanding: 101,954,792  &...
About this update from Norsemont Mining Inc.
[{"type":"text","content":"\n\n\n\n Feb. 21, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nShare Issued and Outstanding: 101,954,792            \nTSX: NOM\nBVL: NOM\n\n\nTORONTO, Ontario and LIMA, Peru, Feb. 21 /CNW/ - Norsemont Mining Inc.\n ("the Company") (TSX: NOM, BVL: NOM) today announced the filing on\n SEDAR (www.sedar.com) of a Technical Report required under National Instrument 43-101 in\n respect of the Feasibility Study Optimization (FSO) for the Company's\n Constancia copper-molybdenum-silver porphyry project in southern Peru.\n The Technical Report was prepared by Ausenco Solutions Canada Inc.\n (Ausenco). Norsemont previously announced the results of the Constancia\n FSO in a news release dated January 28, 2011. The Technical Report is\n also available on the Company's website, www.norsemont.com.\n\n\nAs presented in the January 28, 2011 news release, the main focus of the\n FSO was to evaluate the potential to increase mine throughput during\n the later years of the projected mine life to effectively achieve an\n average life of mine throughput of greater than 70,000 tonnes per day\n (tpd), which has now been concluded.  The in-pit reserves have been\n increased by 34%, average annual concentrate production has increased\n by approximately 28%, the life of mine has increased by approximately\n 7%, and base case financials have increased the NPV approximately to\n $810m.  A summary of the FSO financials is presented be...