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Norsemont Mining begins its first diamond drilling program at Choquelimpie

VANCOUVER, British Columbia, November 22, 2021 (GLOBE NEWSWIRE) – Mine Norsemont inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) (“Norsemont“or the”Society”) Is pleased to announce that a diamond drilling program is underway on its Choquelimpie high sulphidation epithermal Au-Ag project in northern Chile. This initial 4000 meter drilling campaign has started with two (2) rotating rigs and is expected to be completed by the end of December. Through its wholly owned Chilean subsidiary SCM Vilacollo, Norsemont has contracted drilling services from Wolf Drilling in La Serena, Chile. Wolf Drilling has extensive experience drilling similar mineral deposits at high altitudes, including Marte, Lobo and La Coipa, and has an exemplary health and safety record.

The 2021 drill program targets three areas – the Vizcacha pit area, the Intermedio pit area and the Choque pit area (Figure 1), which have returned high-grade Au-Ag intersections in historic drilling. (press release 15e November 2021). Additionally, field mapping and ongoing 3D modeling suggest that mineralization may also be present between historically mined pits and in areas where there is little or no drilling data. This program is designed to confirm historical drilling results and to test some of the areas with little or no drilling for additional mineralization.

Drilling is progressing well and to date four diamond drill holes have been completed in the Vizcacha pit area and two diamond drill holes are underway, one in the Vizcacha area and another in the Choque area. . To date, drilling has totaled approximately 1,243 meters (Figure 1).

Drill core is currently being recorded by our in-house geological team. The drill core is collected from the rig by Norsemont personnel and transported to the Choquelimpie logging and sample preparation area, located on the site near the camp. Here, the core is saved and prepared for sampling before being cut in half, with one half sent to the Andes Analytical Laboratories sample collection point in Arica for shipment to their analysis facilities in Santiago. The other half is kept for geological purposes. Norsemont follows industry best practices for sample preparation and Andes Analytical is an ISO 19001 certified laboratory. Duplicates, certified blanks and standards are inserted into the sampling process by Norsemont and Andes Analytical to provide assurance quality and quality control.

Further updates on the geology of the deposit will be provided as the team incorporates the results of new drilling and ongoing surface mapping, but preliminary geological observations indicate Choquelimpia is the root zone of ‘a classic “vein” style high sulphurization epithermal system. The typical characteristics of these systems observed to date at Choquelimpie are as follows:

  • High grade high sulphidation mineralization in pits and drill core occurs as open space fillings of pyrite-enargite, sphalerite and traces of sulphosalts with matrix of dickite, chalcedony, quartz and barite, hosted in networks of anastomosing hydrothermal breccia which are generally vertical to steeply dipping.
  • Hydrothermal breccias generally occur in cutting zones of varous silica, massive silica and / or tugite matrix breccia surrounded by an envelope of intense alunite alteration.
  • The alunite weathering envelope passes outward in a kaolinite-dominant weathering.
  • The vulgar and massive silica seems to belong to the same nourishing network as the hydrothermal breccia. The tufite matrix breccia can occur independently and precede the hydrothermal breccia.
  • Disseminated mineralization occurs in the form of a halo around the mineralized network, in particular in porous breccias with silica and tufite matrix.
  • In the Choque and Intermedio sectors, the ore bodies form irregular lenses and pods (often called “veins” or “cornices”) of several to a dozen meters in width and length, generally elongated along “corridors”. oriented WSW-ENE to EW.
  • Mineralization in the Vizcacha region is similar in style, but breccias are more common and structural controls are less clear.

Norsemont Vice President of Exploration John Currie said, “We are delighted to have started our first drill program and look forward to sharing regular updates with you as we explore this exciting deposit. “

Marc Levy, CEO of Norsemont, said: “I am confident that we will be able to confirm strong precious metal mineralization and historic resources, and this will be a catalyst for a more comprehensive drilling campaign in 2022. We are doing some research. ‘Great progress and building momentum for additional drilling, while working on an updated NI 43-101 Resource Estimate Report. “

Mr. Art Freeze, P.Geo, Director of Norsemont Mining as well as a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the technical information contained in this press release.

About Norsemont Mining Inc.

Norsemont includes experienced natural resource professionals focused on growing shareholder value and developing its flagship project to bank feasibility. Norsemont Mining owns a 100 percent stake in the Choquelimpie gold and silver project in northern Chile, a previously licensed gold and silver mine. Choquelimpie has more than 1,700 boreholes, with extensive existing infrastructure.

On behalf of the Board of Directors,

NORSEMONT MINES INC.

Marc Levy
CEO & President

For more information, please contact the Company at:
Telephone: (604) 669-9788; Fax: (604) 669-9768

Investor Relations: Paul Searle (778) 240-7724

Forward-looking information

This press release includes certain statements that are considered “forward-looking statements”. All statements in this press release, other than statements of historical fact, that deal with events or developments that Norsemont expects to occur, are forward-looking statements. Forward-looking statements are statements which are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to”. “,” Estimates “,” projects “,” potential “and similar expressions, or that events or conditions” will “,” would “,” could “,” could “or” should “occur. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those of forward-looking statements. Factors that could cause actual results to differ materially from those of forward-looking statements include changes in raw material prices, mining and metallurgical recovery, operating and capital costs, currency exchange rates, ability to obtain required permits in a timely manner, successful exploitation and exploration, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that these statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the management of the Company as of the date the statements are made. Except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements in the event that the beliefs, estimates or opinions of management, or other factors, should change.

Neither the Canadian Securities Exchange nor its regulatory services provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained in this document.



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