These last holes further extend the mineralisation within the hydrothermal alteration footprint covering 27 square kilometres and are located near Drill Hole MV21-009, which returned a significant 170 metre intercept grading 1.84 g/t Au Equivalent, including 95 metres of 1.92 g/t Au Equivalent. (See
Mineralisation remains open for extension peripheral to the Choque pit and to depth.
The expanded envelope of mineralisation and the increase in gold grade at depth in hole MV21-009 as well as the presence of epithermal copper mineralisation support the interpretation of potential porphyry Au-Cu mineralisation beneath this hole and extending more than 500 metres to the northeast below hole MV21-005.
Highlights of the final two holes include:
Hole MV21-010 yielded 61.0 metres grading 0.47 grams per tonne (“g/t”) gold (“Au”) between 239 - 300 metres depth. This mineralised interval expands the known footprint of mineralisation in the
Hole MV21-008: yielded 10.0 metres grading 1.61 g/t Au and 2.8 g/t Ag from 122 – 132 metres depth. This intercept is interpreted as being associated with peripheral veinlets forming a halo around high-grade mineralisation and may be indicative of similar grade mineralisation at depth.
The Maiden Diamond Drilling Program Summary:
Norsemont completed ten diamond drill holes for 3,144.1 metres during the Q4 2021 drill campaign (See Figure 1). A detailed map of holes in the area of the Vizcacha and
Figure 1: Choquelimpie historic open pits and drill holes, with Norsemont’s 2021 drill hole locations. Holes with results reported here are highlighted in yellow.
Figure 2: Plan Map of the
Drill hole MV21-008 tested the eastward extension of the Choque mineralisation. The hole cut Au-polymetallic peripheral veinlets typically related to the halo zone peripheral to high-grade mineralisation. Hydrothermal alteration is observed as quartz-kaolinite-illite, with local silicified structures containing pyrite-(±sphalerite-galena & enargite) mineralisation. Gold and silver are anomalous throughout the hole, with the most significant intercept being:
10 metres @ 1.61 g/t Au & 2.8 g/t Ag from 122 – 132 metres depth
MV21-010 tested the SW extension of the Choque mineralisation. This hole confirms the depth extension of the hydrothermal breccia, that remains open to the NE, E, SE and to depth. A hydrothermal alteration assemblage of quartz-illite-pyrophyllite was observed, which is typical of the transition from an epithermal to a porphyry environment. The sulphide mineralisation observed at depth consists of 6-10% pyrite with traces of sphalerite, galena and enargite.
61 metres @ 0.47 g/t Au & 0.78 g/t Ag from 239 – 300 metres depth, including 15 metres grading 0.71 g/t Au & 1.43 g/t Ag from 271 – 286 metres depth
Figure 3: Cross-section A-A’ through drill hole MV21-008 showing significant gold intercepts and preliminary geological interpretation. Mineralisation is open along strike and to depth.
Figure 4: Cross-section B-B’ through drill hole MV21-010 showing gold intercepts and a preliminary geological interpretation. Mineralisation is open along strike and to depth. Significant Au grades in the last 61 metres of drill hole MV21-010 confirm the extension to depth and continuity of the mineralised hydrothermal breccia.
We now have a range of exciting targets for follow-up drilling programs. We look forward to the next phase of exploration, which will be focussed on extending mineralisation outwards and to depth relative to these 2021 drill holes. In addition, we plan to test the hypothesis of a Au-Cu-Mo mineralised porphyritic intrusive at depth beneath the Choque and Viscacha pits.”
QA/QC Parameters
Drill core for the Choquelimpie 2021 drill program is collected directly from the drill site by company staff and taken to the core shack at the Choquelimpie camp. Drill core is logged, photographed, and sampled by staff who insert certified reference materials into the sampling sequence when/where appropriate. 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 sealed, placed in security-sealed sacks, and then delivered by company staff to the
All drill core samples reported in this news release were analysed at
The information presented in this news release was collected and prepared by SCM Vilacollo staff in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. QA/QC for the analytical results was reviewed by Mr.
Mr.
About
Norsemont comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility.
On behalf of the Board of Directors,
CEO & Chairman
For more information, please contact the Company at:
Telephone: (604) 669-9788; Facsimile: (604) 669-9768
Forward-Looking Information
This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Norsemont expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Figure 1
Choquelimpie historic open pits and drill holes, with Norsemont’s 2021 drill hole locations. Holes with results reported here are highlighted in yellow.
Figure 2
Plan Map of the Choque Pit showing gold intercepts in drill holes MV21-008 and 010. Results of holes MV21-006 and 009 were previously reported on March 2 and March 31, 2022 , respectively.
Figure 3
Cross-section A-A’ through drill hole MV21-008 showing significant gold intercepts and preliminary geological interpretation. Mineralisation is open along strike and to depth.
Figure 4
Cross-section B-B’ through drill hole MV21-010 showing gold intercepts and a preliminary geological interpretation. Mineralisation is open along strike and to depth. Significant Au grades in the last 61 metres of drill hole MV21-010 confirm the extension to depth and continuity of the mineralised hydrothermal breccia.
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