Shares Issued and Outstanding: 34.7M
TSX: NOM
VANCOUVER and LIMA, PERU, Aug. 28 /CNW/ - Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX: NOM, BVL: NOM) is pleased to report that the Company's common shares have been listed and have today commenced trading on the Bolsa de Valores de Lima (Lima Stock Exchange) ("BVL"). Norsemont's listing on the BVL is being sponsored by Credibolsa, Peru's largest brokerage firm and the trading arm of Banco de Credito, Peru's largest bank.
The BVL was one of the best performing stock exchanges in 2006, with average returns of 166 percent. Mining shares, which make up 61 percent of the exchange listings, led with average returns of 266 percent, followed by agriculture (239 percent) and basic industry and services (177 percent). The BVL is considered to be a leading indicator of the performance of Peru's economy.
During the press conference held in Lima today, Norsemont's President Bob Baxter explained that the Company's Constancia copper-moly-silver project is both large and robust. A scoping study is currently being prepared by SRK and will be completed shortly. The Company expects Constancia to be in production as early as 2011.
About Norsemont Mining
Norsemont Mining is a Canadian exploration company currently exploring the Constancia Cu-Au-Mo deposit in Peru, which has been optioned from Rio Tinto Plc.
ON BEHALF OF THE BOARD OF DIRECTORS,
Robert W. Baxter
President
Norsemont Mining Inc.