VANCOUVER, March 14 /CNW/ - Norsemont Mining Inc. ("Norsemont" or "the
Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is pleased
to announce that George Sivertz, B.Sc. P. Geo., was recently retained by
Norsemont to join its dynamic exploration team.
Mr. Sivertz will oversee the assessment and exploration of the Amata
Silver-Gold-Copper Project in southern Peru. Mr. Sivertz and Tom Henricksen,
Chief Geologist of Norsemont are currently on site at the Amata project
outlining our upcoming exploration and drilling programs. After completing a
recent $14 million financing, Norsemont has sufficient funds to complete the
programs.
"I am excited to be joining Norsemont's professional exploration team in
southern Peru, one of the best places in the world to find new mines," said
Mr. Sivertz.
"Norsemont is pleased to be able to attract some of the most talented
geologists in the field. We look forward to George developing our exploration
programs for Amata, and achieving the same level of success we've had at our
Constancia Project," said Marc E. Levy, President and CEO of Norsemont Mining
Inc.
Mr. Sivertz has worked for more than 30 years as an exploration geologist
and project manager throughout the Americas. Mr Sivertz is a Senior Geologist
with OreQuest Consultants Ltd, a well-regarded Vancouver firm. Since joining
OreQuest in 1994, he has been exploring in Latin America for various clients,
primarily in Peru. He has significant experience with epithermal gold,
porphyry copper-molybdenum, and skarn deposits in many districts of Peru.
After taking a degree in Honours Geology from the University of British
Columbia in 1976, Mr. Sivertz began his career with Noranda Exploration in
North-western BC. He later worked for various companies exploring for silver
and gold in the Yukon and in the Toodoggone River district in BC. He gained
important experience with Hunter Dickinson Inc at the Mt. Milligan and
Prosperity copper-gold porphyry deposits in BC. In 1994, he explored north
western Mexico for Glamis Gold.
THE AMATA SILVER-GOLD-COPPER PROJECT
The Amata Project consists of 10,300 hectares and is located 50 km
northeast of Arequipa City in the Coalaque district in the department of
Moquegua, Peru. The project area contains the Amata high sulphidation
epithermal system and associated porphyries located in the Cordillera of
southern Peru. Sampling of 2,282 chip and grab samples include anomalies
grading up to 2,400 g/t of silver and up to 7.2 g/t of gold.
In 2002 and 2003 Rio Tinto completed a two-staged drill program
consisting of 15 widely-spaced holes (within 2km), of which the most
encouraging results include:
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Cerro Amata Zone:
AM-01: 317.80 m (at) 31.7 g/t Ag, 0.11 g/t Au
AM-02: 100.25 m (at) 1.11% Cu, 0.16 g/t Au, 19.55 g/t Ag
AM-03: 2 m (at) 3.08% Cu, 12.85 g/t Ag; and
2.35 m (at) 0.80% Cu, 22.5 g/t Ag
AM-05: 2 m (at) 783 g/t Ag, 0.14% Cu
Tincachoca:
TQ-02: 26.8 m (at) 2.6% Cu, 0.42 g/t Au, 45 g/t Ag
Further information on the Amata project is available on the Norsemont
website at www.norsemont.com. The property hosts multiple high-sulphidation
epithermal targets that have not been drilled. Previous drilling performed by
Rio Tinto was widely spaced; Norsemont believes there is potential to expand
the known zones and discover additional zones of mineralization.
Due to the significant size of the project (10,300 ha), the Company plans
to re-evaluate the existing targets within the prospect area identified by Rio
Tinto. Detailed grid mapping, trenching and geochemical sampling is planned to
fully evaluate the high-sulphidation and porphyry-style precious and base
metal potential of Amata.
Robert McLeod, P. Geo., Norsemont 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 Americas, with a focus in southern Peru.
Marc E. Levy
Director & President
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.
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