お知らせ • Jul 03
Norsemont Mining Inc. Provides Choquelimpie Drilling Update
Norsemont Mining Inc. has completed nine drill holes totaling 2,187 meters so far in 2026, expanding work across five key zones at Choquelimpie. Nine (9) holes, for a total of 2,187.15 meters, have been drilled year-to-date on the Choquelimpie project. These holes have been designed to both step-out and offset from identified mineralized intercepts. Early drilling has helped outline the edges of several hydrothermal breccia bodies, giving the team a clearer picture of where the strongest mineralization is likely to continue. Multiple gold-bearing styles have been confirmed, including Hydrothermal breccias, Porphyry-related quartz ± magnetite veinlets and Quartz-mica-sulfide alteration zones. Base-metal mineralization is present in the quartz-mica-sulfide zones, adding another potential value component to the system. New holes now underway (DD-15 and DD-18) are offsetting from known mineralization, targeting extensions in the Choque and Suri Zones. Assays are pending and expected to be meaningful catalysts once released. Metallurgical and 3D geological studies planned for later in 2026 will help refine the precious- and base-metal relationships across the system, supporting future resource growth. Two (2) of the holes (DD-09 & 10) have further explored the Choque Zone, one (1) the Suri Zone (DD-08), three (3) the Vizcacha Zone (DD-11, 12 & 13), one (1) the Hundimiento Zone (DD14), and two (2) holes for the Espanola Zone. Holes MV26-DD-15 and DD-18 are currently in progress, further exploring the Choque and Suri Zones. Assays from the Phase 3 2026 drilling program will be reported once available. Some early 2026 holes seem to have defined the limits for individual hydrothermal breccia bodies. Accordingly, future 2026 holes are being designed to offset from known mineralization. Gold mineralization, of the following three (3) styles, has been intersected by the Phase 3 drilling: Hydrothermal breccia bodies, Dacite-andesite porphyry cut by quartz +/- magnetite veinlets, Quartz-mica-sulfide alteration zones developed on the dacite-andesite porphyry and some hydrothermal breccia bodies. Additionally, the elevated base-metal mineralization appears to be primarily related to zones of quartz-mica-sulfide alteration. The mineralogical relationship between the precious- and base-metal mineralization will continue to be assessed as part of metallurgical studies planned to be conducted on sulfide materials later in 2026. Also, the three-dimensional spatial relationships between the various mineral intercept types are being analyzed as additional data is received. The results of these studies, in conjunction with geological and geophysical information, provides important data points to aid in interpretation of the evolution of the Choquelimpe hydrothermal mineralizing system. Split drill core samples for the drilling is being shipped to Activation Geological Services SpA (AGS) for geochemical analysis. The samples are being prepared at the AGS facility located in Antofagasta Chile and analyzed at the AGS geochemical laboratory, located at Coquimbo, Chile. The laboratory has an ISO 17025 certification. The gold grades are being determined by fire assay (AGS code AU-FA30). Drill intervals that have some degree of oxidation are also analyzed by the cyanide-soluble gold method (AUCN). The samples are also analyzed for 60 elements, including silver, by mass spectrometer (MS TD60). In addition, silver and specific base metals are re-assayed by atomic absorption spectrometry (AGS code 4ACID-AAS) for samples where the initial value for a particular element is greater than the limit of accuracy (“over-limit”) for that method. The overlimit value for: silver (Ag) is 100 parts per million (ppm), copper (Cu) is 10,000 ppm, lead (Pb) is 5,000 ppm and zinc (Zn) is 10,000 ppm. Standard and blank samples are being inserted at a frequency of one each for every 20 drill samples. The Phase 3 exploration program is being managed by Roman Flores, a Persona Calificada (Q.P.) with the Commission Minera Chile. HOLE IDEastingNorthingElevationAzimuthDipLength, mMV26-DD-08472,482.07,975,486.04,802.0 180.0 60.0 265.7MV26-DD-09472,482.07,975,486.04,802.0 360.0 60.0 277.5MV26-DD-10472,548.07,975,764.04,750.0 180.0 60.0 350MV26-DD-11473,222.07,976,061.04,697.0 160.0 60.0 323.1MV26-DD-12473,222.07,976,041.04,698.0 220.0 60.0 232.1MV26-DD-13473,250.02,975,975.04,694.0 - 90.0 88.5MV26-DD-14473,467.07,976,041.04,698.0 180.0 60.0 316.65MV26-DD-15in progressMV26-DD-16473,000.07,974,852.04,723.0 360.0 70.0 169.5MV26-DD-17473,000.07,974,852.04,723.0 180.0 70.0 164.1MV26-DD-18in progress2026 Phase 3 Year-To-Date Drill Holes. The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility, with an indicated mineral resource estimate of 81.9 million tonnes at a gold grade of 0.66 g/t (1,731,000 gold ounces), and a silver grade of 12.6 g/t (33,233,000 silver ounces); and an inferred mineral resource of 25.3 million tonnes at a gold grade of 0.55 g/t (446,000 gold ounces) and a silver grade of 8.9 g/t (7,219,000 silver ounces) for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with significant exploration upside. Choquelimpie has over 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill.