Norsemont Mining Intersects High-Grade Gold; Shares Surge

Drill results from surface included 2.01 grams per tonne (g/t) gold over 50.0 metres

SmallCapPower | February 9, 2022: Norsemont Mining Inc. (CSE:NOM) (OTCQB:NRRSF) shares climbed 11% to $0.90 on Wednesday after the Company reported the first tranche of results from its maiden diamond drill program at its  Choquelimpie high sulphidation epithermal gold-silver project in Chile.

Drill results from surface included 2.01 grams per tonne (g/t) gold over 50.0 metres as well as 3.63 g/t gold over 31.0 metres.

“The results from the Vizcacha Pit are very encouraging. We are excited to report near-surface high-grade gold intercepts as well as significant mineralisation that extends deeper than previous drilling in this area (to at least 189m at Vizcacha),” Norsemont Mining CEO Marc Levy said in a statement.

“This supports our thesis that we are in a large, poorly-tested mineralised system. We are looking forward to receiving the next set of assay results from our drilling program.”

A total of 3,144.1 meters were completed out of the initial 4,000 metre drill campaign.

Norsemont Mining comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility.

The Company 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.

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