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Norsemont Mining Increases Mineral Resource at Choquelimpie Project

Norsemont Mining Inc. (CSE: NOM) has unveiled an updated Mineral Resource Estimate (MRE) for its Choquelimpie Gold-Silver-Copper Project located in Northern Chile. The announcement, made on April 15, 2025, highlights an impressive total of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. This represents a notable increase in the resource estimates and signals optimism for advancements in the project's development.

Project Overview

The Choquelimpie Project, owned entirely by Norsemont through its Chilean subsidiary, Sociedad Contractual Minera Vilacollo, is situated in the Parinacota Province, Region XV. This region has long been recognized for its mineral wealth, and Choquelimpie itself houses significant existing infrastructure, including roads, water sources, and a mill designed to process 3,000 tonnes of ore per day.

Updated Estimate

The updated MRE showcases the potential of the Choquelimpie Project:

• - Indicated Resources: 81,888,000 tonnes with an average grade of 0.83 g/t AuEq, equating to 1,731,000 ounces of gold at a grade of 0.66 g/t, alongside substantial silver and copper quantities.
• - Inferred Resources: 25,267,000 tonnes at 0.69 g/t AuEq, reflecting 446,000 ounces of gold, as well as notable silver and copper content.

This increase in resources stems from the completion of 3,144 meters of additional drilling conducted in 2021, showcasing the efficacy of ongoing geological modeling and interpretations of mineralization zones throughout the deposit area.

Company Leadership's Vision

Marc Levy, the President and CEO of Norsemont Mining, expressed enthusiasm regarding the latest resource estimates. He stated, “This updated Mineral Resource Estimate of 2,184,000 indicated and 557,000 inferred gold equivalent ounces marks a significant milestone for Norsemont.” He emphasized that this foundation will bolster the company's efforts as they work towards further developing Choquelimpie.

Levy noted the importance of continuing exploration activities to enhance confidence in their resource assertions while paving the way for a preliminary economic assessment.

Growth Potential

Norsemont aims to expand its resource base through more drilling into both oxide and sulfide zones. The company also plans on conducting metallurgical tests and economic analyses as part of its commitment to progressing the project toward a comprehensive assessment of its financial viability.

Future Steps

Planned next steps for Norsemont include:

• - Conducting additional drilling aimed at expanding and upgrading the mineral resource.
• - Undertaking metallurgical testing to analyze potential recovery efficiencies.
• - Engaging in economic studies to outline the feasibility of future developments.

This ambitious roadmap reflects not only Norsemont's faith in the Choquelimpie Project's potential but also their dedication to responsible mining practices.

Conclusion

As Norsemont Mining Inc. continues to push forward with the Choquelimpie Project, the latest mineral resource estimates set a robust foundation for what could be a transformative period for the company. The strategic focus on exploration, combined with a solid understanding of the market dynamics, positions Norsemont to potentially unlock significant value for its stakeholders. As developments unfold, industry watchers will be closely monitoring how the company navigates its next steps in advancing this promising venture.