- Norsemont Mining (NOM) has started a diamond drilling program at its Choquelimpie high sulphidation epithermal gold-silver project in northern Chile
- Two drill rigs are working on the initial 4,000-metre drill campaign
- It’s anticipated drilling will be completed before the end of December
- The 2021 drill program is targeting three areas which all returned high grade gold-silver intercepts in historic drilling
- Norsemont Mining is up 1.9 per cent, trading at $1.07 at 1:42 pm ET
Norsemont Mining (NOM) has started a diamond drilling program at its Choquelimpie high sulphidation epithermal gold-silver project in northern Chile.
Two drill rigs are working on the initial 4,000-metre drill campaign, which is anticipated to be completed before the end of December.
The 2021 drill program is targeting three areas – the Vizcacha Pit area, the Intermedio Pit area and the Choque Pit area, all of which returned high-grade gold-silver intercepts in historic drilling.
Ongoing field mapping and 3D modelling suggest that mineralization may also be present between the historically mined pits and in areas where little to no drilling data exists.
The program is designed to confirm the historic drill results, and to test some of the areas with little or no drilling in search of additional mineralization.
Drilling is progressing and to date, four diamond drill holes have been completed in the Vizcacha Pit area and two diamond drill holes are in progress, one in the Vizcacha area, and another in the Choque area.
Drilling to date totals approximately 1,243 metres.
Drillcore is currently being logged by the Vancouver-based company’s in-house geological team.
The company will issue further updates on the geology of the deposit as it incorporates the results of the new drilling and ongoing surface mapping. But preliminary geological observations indicate that Choquelimpie is the root zone of a classic lode style High Sulphidation Epithermal system.
“I am confident that we will be able to confirm robust precious metal mineralisation and the historic resources, and this will be a catalyst for a more comprehensive drilling campaign in 2022. We are making excellent progress and building momentum for additional drilling, while working on an updated NI 43-101 resource estimate report,” said Norsemont CEO Marc Levy.
Norsemont Mining owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile, a previously permitted gold and silver mine.
Norsemont Mining is up 1.9 per cent, trading at $1.07 at 1:42 pm ET.