VANCOUVER, May 3 /CNW/ - Norsemont Mining Inc. ("Norsemont" or "the
Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN:
CA6565291045) is pleased to announce that it has expanded the 2006 exploration
program at Constancia. The company has received approval on a Class C permit,
and has negotiated and secured new agreements with the two villages and
private landowner who own the property rights.
In January, the company also engaged independent geologist James A.
McCrea, P.Geo. (an independent qualified person as defined by NI 43-101) to
prepare the resource estimate for Constancia. These results are expected
imminently. Upon receipt of the resource estimate, the company will
immediately commence a 20,000 meter, two-phase drilling program to infill, and
expand the known extent of mineralization at the Constancia and San Jose
zones, and to explore other prospective areas of the Constancia Property.
'We have been working hard over the last quarter to achieve many
corporate goals in order to move Constancia forward and grow Norsemont. We are
pleased about the ongoing excellent relationship with the local communities
within the Constancia area,' said Marc E. Levy, CEO of Norsemont. 'Securing
these agreements with the local landowners ensures that the company is in a
better position to bring the property through to production, our ultimate
goal. The support of local Peruvians is essential as we continue to advance
the Project through this expanded drilling program.'
Two drill rigs are currently onsite and preparations have been completed
to commence a six-month, 20,000 metre drilling program immediately. Tom
Henrickson (Chief Geologist) is onsite to supervise the commencement of the
program.
The 2006 drilling program and geological studies at the Constancia
project under the supervision of Dr. Thomas A. Henricksen, P.Geo. Norsemont's
Qualified Person as defined by NI 43-101. Core samples will be cut with a
diamond saw, with one-half of the core placed in sealed bags, and shipped to
ALS Chemex Assay Labs in Lima, Peru. The program will include an extensive
quality control program for assaying with the systematic use of standards,
blanks, and field duplicate samples. Secondary laboratories will be used for
check assaying.
Robert McLeod, P. Geo., Norsemont's Consulting Geologist and Qualified
Person as defined by NI 43-101 has reviewed and approved information contained
in this news release.
Norsemont Mining is a well-structured and financed exploration company
working in the America's, with a focus on Peru. The Company is currently
drilling the Constancia Cu-Au-Mo, Ag project, and commencing exploration at
the Amata Ag-Au, Cu property acquired from Rio Tinto. Norsemont recently
completed financings totaling $14 million.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release. We seek
Safe Harbor.
