Norsemont Extends Mineralized Zone in Step-Out Drilling at the Constancia Project
Vancouver, Canada (ots/PRNewswire)
Norsemont Mining Inc.
("Norsemont" or "the Company") (TSX-V: NOM; Frankfurt: N8S; WKN:
A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is pleased to announce
results from six more Phase II diamond drill holes targeting the
Constancia and San Jose Zones at the Constancia
Copper-Molybdenum-Silver- Gold Porphyry Project in southern Peru. TABLE 1: COPPER INTERSECTIONS AT CONSTANCIA PROJECT
FROM TO INT. Cu Mo Au Ag CuEQ
DRILL HOLE (m) (m) (m) (%) (%) (g/t) (g/t) (1)
CO-06-47 38.0 76.0 38.0 0.59 0.0135 0.025 3.90 0.73
CO-06-48 38.0 176.0 138.0 0.60 0.0263 0.112 3.36 0.87
CO-06-49 8.0 20.0 12.0 0.65 0.0105 0.037 4.43 0.78
40.0 144.0 104.0 0.60 0.0190 0.017 2.70 0.76
CO-06-50 76.0 96.0 20.0 0.59 0.0023 0.080 7.36 0.72
CO-06-51 42.0 206.0 164.0 0.67 0.0134 0.028 3.80 0.81
Incl. 46.0 116.0 70.0 1.12 0.0153 0.038 3.95 1.28
CO-06-52 64.0 80.0 16.0 0.31 0.0013 0.100 2.34 0.39
88.0 100.0 12.0 0.32 0.0068 0.044 4.00 0.43
Note 1: Copper equivalent Values (CuEQ) are estimated using long-term
metal prices including: Copper US$1.20 per lb, Molybdenum US$8.00 per lb,
Gold US$450 per oz., and Silver US$7.50 per oz. Adjustment factors to
account for differences in relative metallurgical recoveries for gold,
copper and molybdenum will depend upon the completion of definitive
metallurgical testing. CuEQ equals Cu per cent plus Mo percent times
(8.00/1.20) plus Au grams per tonne times 14.47/(1.20(x)22.05) plus Ag
grams per tonne times 0.24/(1.20(x)22.05).Drill holes CO-06-O47, -049 and -051 are step-out holes in the Constancia Zone that contain mixed chalcocite and chalcopyrite.
Drill hole CO-06-048 is an infill hole in the Constancia Zone that contains mixed secondary chalcocite and chalcopyrite.
Drill holes CO-06-050 and -052 are step-out holes in the San Jose Zone with chalcopyrite mineralization in skarn.
The majority of future holes will be step-out holes on 100 meter centers, similar to the program carried out in 2005, for the purpose of calculating a resource estimate for the property. Two drill rigs are currently operating on site.
"We are highly encouraged by these results, as they continue to push out the extent of the mineralized footprint of both the Constancia and San Jose zones," said Marc E. Levy, President & CEO of Norsemont Mining Inc.
The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P. Geo., Norsemont's Qualified Person as defined by NI 43-101. Mr. Henricksen has reviewed and approved information contained in this news release. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.
A plan map with drill hole locations is available on Norsemont's website at www.norsemont.com.
About Norsemont Mining
Norsemont Mining is a well structured, well financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and exploration is underway at the Amata Ag-Au property acquired from Rio Tinto. Norsemont recently completed financings totaling US$14 million.
Sincerely,
Marc E. Levy
President & CEO
Norsemont Mining Inc.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.
Contact:
For further information: Marc Levy, President & CEO, or Brian
Soregaroli, VP Corporate Communications at: Phone: +1-(604)-669-9788,
Fax: +1-(604)-669-9768, E-Mail: investors@norsemont.com, Web Site:
www.norsemont.com