202618 releases
Norsemont Hits 41 Meters of 4.59 g/t Gold as Phase 3 Drilling Continues to Expand the Choquelimpie System
Drill hole MV26-DD13 at the Choquelimpie gold-silver-copper project in northern Chile returned 41 meters at 4.59 g/t gold, including 18 m at 9.7 g/t Au, in the Vizcacha Zone; the hole was abandoned at 88.5 meters due to difficult down-hole conditions. DD11 returned 39 meters of gold, silver and base-metal mineralization including 12 m at 2.46 g/t AuEq, while DD07 hit 39 m and 12 m intervals. Three step-out holes (DD06, DD08, DD12) missed relevant mineralization. Sixteen holes totaling 4,100 meters have been completed in 2026; silver and base-metal over-limit re-assays are pending.
Drill resultsNorsemont to Participate at Precious Metals Summit Beaver Creek
Norsemont's executive team, including CEO Marc Levy, CFO Charles Ross and Chief Geologist David Flint, will attend the 2026 Precious Metals Summit Beaver Creek, held September 22-25, 2026 in Beaver Creek, Colorado, for 1-on-1 meetings with institutional investors and potential partners. The company also entered a marketing consulting agreement with Spark Newswire Inc., with an initial one-month term and a US$150,000 monthly budget, which may transition to a US$75,000 monthly maintenance budget. No equity or performance-based compensation is payable.
CorporateNorsemont Provides Choquelimpie Drilling Update
Sixteen holes totaling 4,100 metres have been drilled year-to-date in the 2026 Phase 3 program at the Choquelimpie gold-silver-copper project in Chile, across five zones, with assays pending. Hole MV26-DD24 is in progress, targeting the area between the Choque and Vizcacha zones. Metallurgical and 3D geological studies are planned for later in 2026. The Company reported a cash position of $13,677,089 as of June 30, 2026, unaffected by its previously announced financial statement restatement.
Drill resultsNorsemont Announces Restatement of Financial Statements
Financial statements for the year ended December 31, 2025 and the interim period ended March 31, 2026 will be restated to reclassify the 10,929 convertible debentures issued in December 2025 and the related derivative liability from non-current to current liabilities, and to add descriptions of royalties payable to Minera Altiplano and Minera Choquelimpine on the Choquelimpie Project in northern Chile. Current liabilities increase by $15,168,374 at December 31, 2025 and $22,899,176 at March 31, 2026, with no change to total liabilities, equity, net loss or cash flows. Investors should no longer rely on the prior statements; restated documents are expected on or before August 31, 2026.
CorporateNorsemont Mining to Present at the Emerging Growth Conference on August 20, 2026
CEO and Chairman Marc Levy will present at the Emerging Growth Conference from 11:25 a.m. to 11:55 a.m. Eastern Time on Thursday, August 20, 2026, giving an overview of Norsemont and its Choquelimpie Gold-Silver-Copper Project in northern Chile, followed by a question period. An archived webcast will be posted on EmergingGrowth.com and the conference's YouTube channel after the event.
CorporateNorsemont Mining Appoints Ariel Tepperman to Its Board
Ariel Tepperman has been appointed to the Board of Directors of Norsemont Mining, effective immediately. UK-based, he has over 20 years of international corporate finance experience across M&A advisory, capital raising and strategic advice, and is currently Head of Advisory at Lionhead Capital, having previously been Head of Metals and Mining at Gneiss Energy and held positions at NRG Capital Partners, Macquarie Capital and RBC Capital Markets. The Company's flagship asset is the Choquelimpie gold-silver-copper project.
ManagementNorsemont Mining Strategically Expands Choquelimpie Land Package To 9,048 Hectares
An additional 3,291 hectares has been staked at the Choquelimpie gold-silver-copper project, increasing the total project area to 9,048 hectares. The new claims cover extensions of identified geological trends and lie along existing access corridors. Drilling is ongoing. Choquelimpie hosts indicated resources of 81.9 Mt at 0.66 g/t Au (1,731,000 oz) and 12.6 g/t Ag (33,233,000 oz), and inferred resources of 25.3 Mt at 0.55 g/t Au (446,000 oz) and 8.9 g/t Ag (7,219,000 oz).
CorporateNorsemont Mining Provides Choquelimpie Drilling Update
Nine holes totaling 2,187.15 metres have been drilled year-to-date in the 2026 Phase III program at the Choquelimpie gold-silver-copper project in northern Chile, covering the Choque, Suri, Vizcacha, Hundimiento and Espanola zones. Three styles of gold mineralization were intersected — hydrothermal breccias, dacite-andesite porphyry with quartz ± magnetite veinlets, and quartz-mica-sulfide alteration zones — with base metals mainly in the quartz-mica-sulfide zones. Holes DD-15 and DD-18 are in progress; assays are pending, and metallurgical and 3D geological studies are planned for later in 2026.
Drill resultsNorsemont Drills 20 Meters of 1.20 G/T Gold Equivalent at Bottom of Hole
Assay results from two additional Phase 3 drill holes at the 100%-owned Choquelimpie gold-silver-copper project in northern Chile returned 28 meters averaging 0.97 g/t gold equivalent in DD04, and three gold intervals in DD05, including 58 meters averaging 0.92 g/t AuEq with elevated lead and zinc, and 20 meters averaging 1.20 g/t AuEq ending at the bottom of the hole. Seven core holes totaling approximately 1,650 meters have been completed since the program recommenced in mid-April 2026.
Drill resultsNorsemont Resumes Phase Three Drill Program at Choquelimpie
Phase 3 diamond drilling has resumed at the 100%-owned Choquelimpie gold-silver-copper project in northern Chile, with a rig on site. The Phase 3 program totals up to 5,000 metres, of which 1,700 metres were drilled in 2025, and the remaining work comprises up to 13 holes of up to 500 metres each, approximately 3,300 metres, testing down-dip extensions of higher-grade hydrothermal breccia bodies. DV Drilling Ltd. of Coquimbo was engaged; further oxide-focused drilling is budgeted for the second half of the year.
Drill resultsNorsemont To Participate in The Inaugural Swiss Mining Institute Conference in Panama City April 15-16
Norsemont Mining will participate in the inaugural Swiss Mining Institute Conference in Panama City, Panama on April 15-16, 2026, with CEO Marc Levy presenting April 15 at 5pm local time on the Company's strategic roadmap and development programs for Choquelimpie. The Choquelimpie gold-silver-copper project in northern Chile, 100% owned, has indicated resources of 1,731,000 gold ounces and 33,233,000 silver ounces, plus inferred resources of 446,000 gold ounces and 7,219,000 silver ounces.
CorporateOTC Markets Group Welcomes Norsemont Mining Inc. to OTCQX
Norsemont Mining has qualified to trade on the OTCQX Best Market, upgrading from the OTCID Basic Market, and begins trading today under the symbol NRRSF while remaining listed on the CSE as NOM. The company's Choquelimpie gold-silver-copper project in northern Chile has an indicated mineral resource of 1,731,000 gold ounces and 33,233,000 silver ounces, plus inferred resources of 446,000 gold ounces and 7,219,000 silver ounces.
CorporateNorsemont Targets Filing Environmental Impact Declaration in December 2026
DAES Consultores has been engaged to complete an Environmental Impact Declaration (Declaración de Impacto Ambiental) by December 2026 for the Choquelimpie gold-silver-copper project in northern Chile, to support the regulatory pathway for future project development. Biologists are on site conducting biological characterizations of terrestrial fauna, flora and vegetation, with three additional visits planned this year. Between March and November 2026, studies include cultural heritage, landscape, air quality modeling, traffic impact, hydrology, soils and protected areas. Carolina Morgan leads the internal environmental team.
CorporateNorsemont Invites Shareholders and Investment Community To Visit Us at Booth 3035 at PDAC 2026 in Toronto, March 1–4
Norsemont Mining will exhibit at Booth #3035 at the PDAC Convention at the Metro Toronto Convention Centre from March 1 to March 4, 2026, with technical and management teams available to discuss exploration results, geology, drilling and development plans. The company holds a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, with indicated resources of 1,731,000 gold ounces and 33,233,000 silver ounces and inferred resources of 446,000 gold ounces and 7,219,000 silver ounces.
CorporateNorsemont Drills 94 meters at 1.26 g/t Au and 109 meters at 1.09 g/t Au Both Holes Starting at Surface
Assay results from three Phase 3 holes at the 100%-owned Choquelimpie gold-silver-copper project in northern Chile include MV25-DD01 with 109 meters at 1.09 g/t Au (including 45 meters at 1.21 g/t), MV25-DD02 with 94 meters at 1.26 g/t Au (including 31 meters at 1.79 g/t), and MV25-DD03 with 33 meters at 0.87 g/t Au. Seven holes totalling 1,650 meters are complete, with remaining assays due later this quarter and drilling to resume in April 2026.
Drill resultsNorsemont Drilling Program Update at Choquelimpie
The first seven holes of the Phase 3 drill program at the Choquelimpie gold-silver-copper project in northern Chile have been completed for 1,650 meters, with drilling postponed due to the Altiplano Winter weather pattern and expected to resume in April 2026 to finish the planned 20 diamond holes for 5,000 meters. Assays have been received for two holes, with over-limit intervals awaiting re-assay and the balance expected later this quarter. The Company also engaged i2i Marketing Group LLC for six months for US$300,000 cash, with services starting on or around March 2, 2026.
Drill resultsNorsemont Provides 2025 Year-End Update and Appoints New CFO
Charles Ross was appointed Chief Financial Officer, replacing Kulwant Sandher, alongside a year-end update on the 100%-owned Choquelimpie gold-silver-copper project in northern Chile, where the April 14, 2025 maiden resource totalled 2,184,000 indicated and 557,000 inferred gold-equivalent ounces. The company raised over $22 million in 2025, including a recent $15 million, and plans a Phase 4 drill program in Q2 2026, an updated 43-101 resource and a PEA in Q4. Marketing agreements with Native Ads (US$200,000), Street Scope (US$200,000) and Goldinvest (EUR 35,000) were signed, subject to CSE approval.
Corporate
202520 releases
Norsemont Closes Financing for a Total of $15MM with Increased Support from Crescat and Strategic Investors
The second and final tranche of a non-brokered private placement of unsecured convertible debenture units has closed, bringing the Offering total to US$10,929,000 principal of convertible debentures and 8,765,058 warrants for gross proceeds of US$10,929,000 (approximately CAD$15,075,899.76); the Second Tranche accounted for US$3,400,000 and 2,726,800 warrants. Debentures bear 5.25% interest, mature in three years, convert at C$0.86, with warrants exercisable at C$1.00 for three years and a right to buy gold at US$3,000 per ounce upon commercial production. Proceeds go to working capital and the Choquelimpie gold-silver-copper project in northern Chile.
FinancingNorsemont Announces First Tranche Closing of Convertible Debenture Financing
The first tranche of a non-brokered private placement of unsecured convertible debenture units has closed, with US$7,529,000 (approximately CAD$10,375,715) of principal amount of convertible debentures issued along with 6,035,258 warrants, for gross proceeds of US$7,529,000. The debentures bear 5.25% interest, mature in three years, convert at C$0.86 per share, carry C$1.00 warrants exercisable for three years, and include a right to buy gold at US$3,000 per ounce upon commercial production. Offering terms were amended to gross proceeds of up to US$10,000,000. Proceeds are for working capital and the Choquelimpie gold-silver-copper project in northern Chile.
FinancingNorsemont Announces $10 Million Financing With Strategic Investors
A CAD$10 million non-brokered private placement of unsecured convertible debenture units, with an overallotment of up to 30%, is underway, with closing anticipated December 17, 2025. Each unit comprises one US$1,000 debenture convertible at CAD$0.86 per share, bearing 5.25% interest over a three-year term, plus 802 warrants exercisable at CAD$1.00 for three years; debentures include a right to buy gold at US$3,000 per ounce for one year from commercial production. Proceeds fund working capital and the Choquelimpie gold-silver-copper project in Chile.
FinancingNorsemont Drilling Program Update at Choquelimpie
The first hole of the Phase 3 drill program at the 100%-owned Choquelimpie gold-silver-copper project in northern Chile, MV25-DD01, has been completed to 300 metres, intersecting the Vizcacha hydrothermal breccia with 1–7% pyrite and silica-pyrite and silica-enargite veinlets from 180 metres to end-of-hole; assays are pending. Holes MV25-DD02 (225 metres design) and MV25-DD03 (275 metres, targeting the Choque Zone at depth) have been collared. The program comprises up to 5,000 metres, up to 20 holes, using two rigs through late December.
Drill resultsFirst Drill Hole Commenced and Second Drill Rig has Arrived at Choquelimpie Project
The first hole of the Phase 3 drill program, MV25-DD01, has collared at the 100%-owned Choquelimpie gold-silver-copper project in northern Chile, targeting the Vizcacha hydrothermal breccia at an azimuth of 275 degrees, inclined 70 degrees, to a target depth of 225 meters, below the April 2025 resource model. The program comprises up to 5,000 meters of diamond drilling in up to 20 holes averaging 250 meters using two rigs, continuing through late December. An engineering report on the 3,000 TPD plant is nearing completion.
Drill resultsNorsemont Commences Drill Program at Choquelimpie Project
Phase 3 drilling has begun at the 100%-owned Choquelimpie high-sulphidation gold-silver-copper project in northern Chile, comprising up to 20 diamond drill holes totaling approximately 5,000 meters, averaging 250 meters per hole, and running through late December. One rig is on site with a second expected next week; DV Drilling Ltd. of Coquimbo will operate two Longyear LF230 track-mounted rigs on a 24-hour schedule. Holes will test down-dip extensions of higher-grade hydrothermal breccia zones below the current resource, including Choque, Vizcacha and Suri.
Drill resultsNorsemont Provides Corporate Update and Additions to the Team
A $6 million raise from strategic investors will fund drilling and metallurgical programs at the 100%-owned Choquelimpie gold-silver-copper project in northern Chile, which hosts an initial mineral resource estimate of 2,184,000 indicated and 557,000 inferred gold-equivalent ounces and a 3,000-tonne-per-day mill. Appointments include David Flint as Chief Geologist, Roman Flores as Lead Geologist, Chile, and Susan Liddle as General Manager CFO of subsidiary SCMV. Next six months include starting the 2025 Phase 3 drill program, metallurgical testing and plant condition reporting.
CorporateNorsemont to Present at the Centurion One Capital 3rd Annual Bahamas Summit
Norsemont Mining will present at the Centurion One Capital 3rd Annual Bahamas Summit, an invitation-only event at the Rosewood Baha Mar Hotel in Nassau, Bahamas, on October 28 and 29, 2025, running 9:00 AM to 5:00 PM EDT. CEO Marc Levy will present, join a panel discussion and attend one-on-one investor meetings. The company recently completed a $6 million financing with strategic investors including Rob McEwen, Paul Matysek, Dr. Quinton Hennigh and Larry Lepard to advance the Choquelimpie Project in northern Chile.
CorporateNorsemont Announces Closing of Warrant Financing from Strategic Investors
A non-brokered private placement of 3,500,000 share purchase warrants at CAD $0.10 per warrant has closed for gross proceeds of CAD $350,000. Each warrant is exercisable at CAD $0.59 per share for five years, subject to an acceleration clause if shares close at CAD $1.00 or more for 10 consecutive trading days after four months and one day; full exercise would raise an additional $2,065,000. Proceeds are for working capital and exploration at the Choquelimpie gold-silver-copper project in Chile.
FinancingNorsemont Announces Non-Brokered Private Placement of Warrants
A non-brokered private placement of up to 3.5 million warrants at CAD $0.10 per warrant will raise gross initial proceeds of up to CAD $350,000, with closing anticipated October 3, 2025. Each warrant is exercisable at CAD $0.59 per share for five years, subject to acceleration if shares close at CAD $1.00 or more for ten consecutive trading days after four months and one day. Proceeds are for general working capital and exploration at the Choquelimpie gold-silver-copper project in northern Chile. Norsemont also granted 790,000 stock options exercisable at $0.98 and 600,000 restricted share units to directors and officers.
FinancingNorsemont Announces Closing of Final Tranche of Private Placement from Strategic Investor Paul Matysek
The final tranche of a non-brokered private placement has closed, consisting of 1,000,000 units at CAD $0.60 per unit for gross proceeds of CAD $600,000, subscribed by Paul Matysek; each unit includes one common share and one-half warrant exercisable at CAD $0.75 for two years. Aggregate gross proceeds under the Offering, first announced August 1, 2025, total $6,079,199.40. Funds are earmarked for a phase 3 drill program at the Choquelimpie gold-silver-copper project in northern Chile and working capital.
FinancingNorsemont Announces Closing of 3rd Tranche of Private Placement Led by Crescat Capital and Equity Management Associates
A third tranche of a non-brokered private placement has closed, consisting of 1,985,834 units at CAD $0.60 per unit for gross proceeds of CAD $1,191,500.40, bringing aggregate proceeds across the three tranches to $5,479,199.40. Each unit includes one common share and one-half warrant exercisable at CAD $0.75 for two years, subject to acceleration if shares close at CAD $1.25 or more for 10 consecutive trading days. The round, led by Crescat Capital and Equity Management Associates, will fund phase 3 drilling, metallurgy and working capital at the Choquelimpie gold-silver-copper project in northern Chile.
FinancingNorsemont Launches New Website and Updated Investor Deck
A redesigned corporate website and updated corporate presentation have been launched, following completion of a recent private placement that included new strategic investors Rob McEwen and Dr. Quinton Hennigh. Both feature expanded information on the Choquelimpie gold-silver-copper project in northern Chile, which has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. The Company also plans to host an investor webinar.
CorporateNorsemont Announces Closing of 2nd Tranche of Private Placement Led by Rob Mcewen and Other Strategic Investors
The second tranche of a non-brokered private placement has closed, consisting of 2,320,000 units at CAD $0.60 per unit for gross proceeds of CAD $1,392,000, with Rob McEwen leading the round. Each unit includes one common share and one-half warrant exercisable at CAD $0.75 for two years, subject to acceleration if shares close at CAD $1.25 or more for 10 consecutive trading days. Finder's fees of $68,060 and 109,433 finder warrants were issued across the first two tranches. Proceeds fund phase 3 drilling, including 600m and 300m holes, metallurgy and working capital at the Choquelimpie gold-silver-copper project in northern Chile.
FinancingNorsemont Announces Closing of 1st Tranche of Private Placement Including Several Strategic Investors
The first tranche of a non-brokered private placement has closed, consisting of 4,826,165 units at CAD $0.60 per unit for gross proceeds of CAD $2,895,699. Each unit includes one common share and one-half warrant exercisable at CAD $0.75 for two years, subject to acceleration if shares close at CAD $1.25 or more for 10 consecutive trading days after four months and one day. Proceeds will fund phase 3 drilling and metallurgy at the Choquelimpie gold-silver-copper project in northern Chile, plus working capital. New investors include Dr. Quinton Hennigh.
FinancingNorsemont Announces Non-Brokered Private Placement
A non-brokered private placement of up to seven million units at CAD $0.60 per unit for gross proceeds of up to CAD $3,500,000, with a 20% overallotment option; each unit includes one common share and one-half warrant exercisable at CAD $0.75 for two years. A first tranche of $2,000,000 is expected to close August 11, 2025. Proceeds will fund phase 3 drilling, metallurgy and working capital at the Choquelimpie gold-silver-copper project in northern Chile. Norsemont also engaged Danayi Capital and Altura Media for marketing services and granted 50,000 RSUs.
FinancingNorsemont Provides Corporate Update and Clarifies Information Regarding its Choquelimpie Gold-Silver-Copper Project
The Choquelimpie gold-silver-copper project in northern Chile lies entirely within the Las Vicuñas National Reserve, with mining and exploration permitted under presidential decrees covering 417 hectares (exploitation) and an adjacent 650 hectares (exploration), which Norsemont says remain valid and unchanged as of 2025. Bottle roll leach tests from 2005 showed gold recoveries of 33.0% to 89.8%, while historical heap leach operations from 1988–1992 recovered about 400,000 ounces of gold and 2.1 million ounces of silver.
CorporateNorsemont Commences Trading On Tradegate Exchange
A listing on the Tradegate Exchange in Germany has been received, adding to Norsemont Mining's existing listings on the CSE (NOM), OTCID (NRRSF) and FWB (LXZ1). The company owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a previously permitted gold and silver mine with over 1,710 drill holes and existing infrastructure including roads, power, water, camp and a 3,000-tonne-per-day mill.
CorporateNorsemont Announces 2,184,000 Indicated At 0.83 G/T And 557,000 Inferred At 0.69 G/T Gold Equivalent Ounces Mre For Choquelimpie
An updated mineral resource estimate for the 100%-owned Choquelimpie gold-silver-copper project in Parinacota Province, Region XV, northern Chile, with an effective date of March 31, 2025, reports 81,888,000 indicated tonnes at 0.83 g/t AuEq for 2,184,000 gold equivalent ounces and 25,267,000 inferred tonnes at 0.69 g/t AuEq for 557,000 ounces. Indicated contains 1,731,000 oz gold at 0.66 g/t, 33,233,000 oz silver at 12.62 g/t and 50,867,000 lb copper at 0.04%. The estimate incorporates 3,144 metres of additional 2021 drilling; further drilling, metallurgical testing and a preliminary economic assessment are planned.
Resource update
20244 releases
Norsemont Appoints Mijael Thiele to Board of Directors
Mijael Thiele has been appointed to Norsemont Mining's board effective immediately; he has 30 years of mining experience, including leading development of the USD $2.7 billion Esperanza copper-gold project and serving as VP of Operations and General Manager at Anglo American's Los Bronces mine. The Company granted directors and officers 750,000 stock options exercisable at $0.30 per share for five years. Norsemont also retained Senergy Communications Capital Inc. for digital marketing on its Choquelimpie project in northern Chile, for an initial two-month term starting December 1, 2024, for $120,000.
ManagementNorsemont Closes Convertible Debenture Financing with Strategic Investors
A private placement of a secured two-year convertible debenture totalling $3,000,000 in principal has closed, bearing 8% annual interest and convertible into units at eleven cents per unit. Each unit includes one common share and one-half warrant exercisable at twenty cents for two years from conversion, with an acceleration provision if shares trade at thirty-five cents or more for ten consecutive trading days. Proceeds are for general corporate obligations, debt repayment and working capital, with a four-month-and-one-day hold period.
FinancingNorsemont Closes Private Placement With Strategic Investors
A non-brokered private placement of 10,129,680 units at 10 cents per unit has closed for gross proceeds of $1,012,968, placed with strategic investors. Each unit includes one common share and one-half warrant exercisable at 20 cents for 24 months, subject to acceleration if shares trade at 35 cents or more for 10 consecutive trading days, and a 9.99 per cent blocker provision. Proceeds are intended for general corporate obligations, debt repayment and working capital.
FinancingNorsemont Appoints Dr. Sergei Diakov to Board of Directors
Dr. Sergei Diakov has been appointed to Norsemont Mining's board of directors, effective immediately. Diakov is a US-based geologist with over 30 years of mining industry experience, having led BHP to the original discovery of the Oyu Tolgoi porphyry copper-gold deposit in Mongolia and AngloGold Ashanti's discovery of Nuevo Chaquiro in Colombia. Norsemont holds a 100-percent interest in the Choquelimpie gold-silver-copper project in northern Chile.
Management
20235 releases
Norsemont Closes First Tranche Of Private Placement And Debt Settlement
The first tranche of a non-brokered private placement closed, comprising 3,125,000 units at $0.20 per unit for gross proceeds of $625,000, with an additional 530,000 units issued to settle $106,000 in debt. Each unit includes one common share and one-half warrant exercisable at $0.30 until July 31, 2025, subject to acceleration. Insiders acquired 1,155,000 units for $231,000. Proceeds are for working capital and general corporate purposes; Norsemont holds 100% of the Choquelimpie gold-silver project in northern Chile.
FinancingNorsemont Announces Private Placement
A non-brokered private placement of up to 5,000,000 units at $0.20 per unit for gross proceeds of up to $1,000,000 has been arranged. Each unit includes one common share and one-half warrant exercisable at $0.30 for two years from closing, with an acceleration provision if shares trade at $0.50 or above for ten consecutive trading days. Proceeds will fund working capital and exploration of the Company's properties, including the Choquelimpie gold-silver-copper project in northern Chile.
FinancingNorsemont Appoints Nikolas Perrault to the Board of Directors
Nikolas Perrault has been appointed to Norsemont Mining's board of directors, effective immediately. Perrault is CEO of Montreal-based capital markets advisory firm Twilight Capital, which he founded in 2008, and previously worked at National Bank, Merrill Lynch, CIBC and Scotia Capital. Kyle Haddow resigned from the board and will serve as an advisory board member. The company granted 300,000 stock options at 31 cents per share for five years, vesting over two years, plus 35,000 restricted stock units.
ManagementChoquelimpie Sampling Extends Surface Gold-Silver Oxide Mineralized Zones
Surface outcrop chip and channel sampling at the Choquelimpie gold-silver-copper project in northern Chile returned 60 metres at 0.97 g/t Au and 21 g/t Ag, including 2 metres at 10.93 g/t Au and 46 g/t Ag, on the eastern margin of the Choque and Intermedio pits. A total of 517 samples were collected in November 2021 and March 2022. The Vizcacha Porphyry Zone returned 0.1–0.4 g/t Au, 8 m at 41 ppm Mo, and 1 metre at 2.14 g/t Au and 361 g/t Ag.
Drill resultsNorsemont Drilling Expands Area of Gold Mineralisation at Choquelimpie
Final two holes from the maiden diamond drilling program at the Choquelimpie gold-silver-copper project in northern Chile returned 61 metres grading 0.47 g/t gold and 0.78 g/t silver from 239–300 metres in MV21-010, including 15 metres at 0.71 g/t gold and 1.43 g/t silver from 271–286 metres, and 10 metres at 1.61 g/t gold and 2.8 g/t silver from 122–132 metres in MV21-008. The program totalled ten holes for 3,144.1 metres, drilled in Q4 2021, with mineralisation open along strike and to depth.
Drill results
20226 releases
Norsemont Mining to Exhibit at PDAC 2022, Booth 3243
Norsemont Mining will exhibit at PDAC 2022 at booth #3243 in the Investor Exchange at the Metro Toronto Convention Centre from June 13 to June 15, 2022, with the online event running June 28 to June 29, and one-on-one meetings on June 14 and 15. The company also closed the first tranche of a non-brokered private placement of one-year, 6% unsecured convertible debentures totalling $100,000, convertible at $1.00 per unit, with half-warrants exercisable at $1.25 for three years.
CorporateNorsemont Announces The Engagement Of Paradox For Investor Relations Services
Montreal-based Paradox Public Relations Inc. has been retained to provide investor relations services, effective immediately, for an initial committed term of thirty-six months and month-to-month thereafter, at cash compensation of $10,000 per month. Services include marketing to the investment community and Paradox's proprietary investment database, coordinating physical and online road shows and presentations, and advising on marketing materials and strategies. Paradox is not related to the company and holds no direct or indirect interest in it or its securities.
CorporateNorsemont Appoints Patrick Burns to Board of Directors
Patrick Burns, a Canadian geologist with over 40 years' experience in the Caribbean, Central and South America, has been appointed to Norsemont Mining's board effective immediately, while Adrian King has resigned from the board. The company granted 100,000 stock options exercisable at 75 cents per share for five years, vesting over two years, plus 50,000 restricted stock units. Norsemont also entered a marketing and advertising arrangement with arm's-length Financial Star News Inc. of Vancouver for US$500,000.
ManagementNorsemont Announces Closing Of Convertible Debenture Offering
A non-brokered private placement of unsecured convertible debentures totalling $950,000 in aggregate principal amount has closed. The debentures mature one year from issuance, bear interest at 6% per annum payable quarterly in arrears, and are convertible at the holder's option at $1.00 per unit, each unit comprising one common share and one-half warrant exercisable at $1.25 for three years from conversion. Proceeds are expected to fund general working capital, with participation from existing shareholders, directors, officers and employees, some of them insiders.
FinancingNorsemont Expands Footprint At Choquelimpie With Latest Positive Drill Results Which Intercepted 170 Meters Of 1.57 G/T Aueq Including 95 Meters Of 1.92 G/T Aueq
Hole MV21-009 beneath the Choque Pit at the Choquelimpie gold-silver project in northern Chile returned 170.0 m grading 1.35 g/t gold and 18.3 g/t silver (1.57 g/t AuEq), plus 47.0 m at 0.56 g/t Au and 15.0 m at 0.84 g/t Au, 8.4 g/t Ag (0.94 g/t AuEq) as oxide. The third tranche of 2021 results also covers holes MV21-001 and MV21-007. The Q4 2021 program comprised ten holes totalling 3,144.1 m, with results from MV21-008 and MV21-010 pending.
Drill resultsNorsemont Delivers Second Tranche of Encouraging Drill Results and Intercepts Porphyry at Choquelimpie
Second-tranche results from the 2021 maiden diamond drilling at the Choquelimpie gold-silver project in northern Chile include 63.0 m grading 1.43 g/t gold, including 35.0 m at 2.01 g/t gold, in hole MV21-003 at Vizcacha, and 115 m at 0.71 g/t gold and 10.7 g/t silver (0.84 g/t AuEq) northeast of the Choque Pit in MV21-006. Hole MV21-005 cut phyllic-altered porphyry dykes from 240-340 m, named the Vizcacha Porphyry. Ten holes totalling 3,144.1 m were completed in Q4 2021 before winter suspension. Norsemont will also issue 284,772 shares at $0.75 to settle $212,813 of debt.
Drill results