- Norsemont (NOM) returns high-grade intercepts from surface and deepens known mineralisation at Vizcacha
- Two drill rigs completed 10 diamond drill holes prior to the temporary suspension of the drilling operations due to the early onset of the Altiplano winter
- The first batch of analytical results for the program have been received from Andes Analytical Laboratories
- Both drill holes were oriented to test for the presence of high-grade mineralisation
- Norsemont Mining owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile
- Norsemont Mining Inc. (NOM) is up 8.64 per cent, trading at C$0.88 at 12:15 pm EST
Norsemont Mining (NOM) has announced the first tranche of results from its diamond drilling program at the Choquelimpie Project in northern Chile.
Two drill rigs completed 10 diamond drill holes prior to the temporary suspension of the drilling operations due to the early onset of the Altiplano winter. A total of 3,144.1 meters were completed out of the initial 4,000-metre drill campaign.
The first batch of analytical results for the program have been received from Andes Analytical Laboratories and correspond to diamond drill holes MV21-002 and MV21-004.
Both drill holes were oriented to test for the presence of high-grade mineralization in hydrothermal breccia intercepted in historical holes and observed in the bottom of the Vizcacha Pit.
Drill holes MV21-002 and MV21-004 both intercepted multiple intervals of matrix and clast supported hydrothermal breccia with intense advanced argillic alteration and widespread infill and disseminated pyrite and enargite mineralization.
The discontinuous nature of the breccia intervals in hole MV21-002 suggests this hole skirted the edge of the main breccia body.
John Currie, Norsemont’s VP of Exploration commented on the program’s early success.
“We are very pleased to have encountered high-grade gold mineralization at the surface from these first two diamond drill holes. The presence of high-grade zones was also indicated by re-assaying of historic core from the Vizcacha Pit.”
“These are excellent preliminary results in line with our expectations and we look forward to sharing more results with the market as they arise,” added Currie.
Marc Levy, CEO of Norsemont added,
“The results from the Vizcacha Pit are very encouraging. We are excited to report near-surface high-grade gold intercepts as well as significant mineralization that extends deeper than the previous drilling in this area (to at least 189m at Vizcacha).”
“This supports our thesis that we are in a large, poorly-tested mineralized system. We are looking forward to receiving the next set of assay results from our drilling program,” concluded Levy.
Drill core for the Choquelimpie 2021 drill program is collected directly from the drill site by SCM Vilacollo geologists and technicians and taken to the core shack at the Choquelimpie camp.
Sample lengths are marked at 1.0-metre intervals and the core is cut by a diamond blade rock saw, with half of the cut core placed in individual bar-code numbered polyurethane bags and half placed back in the original core box for permanent storage.
The sample bags are then sealed and placed in security-sealed sacks before delivery by SCM Vilacollo staff to the Andes Analytical Laboratory (AAA) sample receiving facilities in Arica, Chile.
Norsemont comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility.
Norsemont Mining owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile, a previously permitted gold and silver mine. Choquelimpie has over 1,700 drill holes, with significant existing infrastructure.
Norsemont Mining Inc. (NOM) is up 8.64 per cent, trading at C$0.88 at 12:15 pm EST.
