Norsemont Continues to Expand Mineralized Zones 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 five more Phase II diamond drill holes targeting the
Constancia and San Jose Zones at the Constancia Copper-Molybdenum-
Silver Porphyry Project in southern Peru. Highlights:
- Hole CO-06-57: 84 metres at 0.81% Copper (0.93% Copper Equivalent)
and 80 metres at 0.82% Copper (0.96% Copper Equivalent)
- Hole CO-06-59: 16 metres at 0.75% Copper (0.89% Copper Equivalent)
- Hole CO-06-61: 98 metres at 0.67% Copper (0.77% Copper Equivalent)
and 26 metres at 0.71% Copper (0.77% Copper Equivalent)"We continue to extend the mineralized zones with each step-out hole we drill," said Marc E. Levy, CEO of Norsemont Mining Inc. "Bob Baxter, Norsemont's recently appointed President, is currently at the Constancia site familiarizing himself with the project and staff. His experience and knowledge will help move this project toward development."
TABLE 1: COPPER INTERSECTIONS AT CONSTANCIA PROJECT
DRILL
HOLE FROM(m) TO(m) INT.(m) Cu(%) Mo(%) Ag(g/t) CuEQ(1)
CO-06-57 0.0 84.0 84.0 0.81 0.0095 6.67 0.93
and 112.0 191.7 79.7 0.82 0.0154 4.40 0.96
CO-06-58 86.0 100.0 14.0 0.39 0.0017 5.50 0.45
and 174.0 190.0 16.0 0.52 0.0018 3.65 0.57
CO-06-59 122.0 138.0 16.0 0.75 0.0150 4.24 0.89
and 163.0 192.0 29.0 0.52 0.0024 5.18 0.58
CO-06-60 76.0 94.0 18.0 0.44 0.0070 5.70 0.54
CO-06-61 106.0 204.0 98.0 0.67 0.0104 3.46 0.77
and 238.0 264.0 26.0 0.71 0.0040 3.11 0.77
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,
and Silver US$7.50 per oz. Adjustment factors to account for differences
in relative metallurgical recoveries will depend upon the completion of
definitive metallurgical testing.
CuEQ equals Cu per cent plus Mo percent times (8.00/1.20) plus Ag grams
per tonne times 0.24/(1.20(x)22.05).Drill hole CO-06-57 is located in the vicinity of hole CO-05-19 and extends the western margin of the known mineralization within the Constancia Zone. The hole contains chalcopyrite-bearing skarn to a depth of approximately 120 metres, below which is secondary chalcocite and mixed chalcocite/chalcopyrite to the bottom of the hole at 191.7 metres.
Hole CO-06-58 extends the mineralization within the San Jose Zone to the north-east. Copper mineralization is chalcopyrite in skarn.
Hole CO-06-59 extends the mineralization within the San Jose Zone to the south-east. Copper mineralization is mixed secondary chalcocite and chalcopyrite in the upper portion, and chalcopyrite in skarn at depth.
Hole CO-06-60 extends the mineralization within the Constancia Zone to the south-west. Copper mineralization is mixed secondary chalcocite and chalcopyrite.
Hole CO-06-61 extends the mineralization within the Constancia Zone to the south. The hole contains copper mineralization as chalcopyrite in skarn in the upper portion, and mixed secondary chalcocite and primary chalcopyrite at depth.
The majority of future holes will be step-out holes on 100 metre 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.
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, who has reviewed and approved the 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 Copper-Molybdenum-Silver project, and exploration is underway at the Amata Silver-Gold property acquired from Rio Tinto.
ON BEHALF OF THE BOARD OF DIRECTORS,
Marc E. Levy
CEO & Chariman
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: Brian Soregaroli, VP Corporate
Communications at: Phone: +1-(604)-669-9788 x109, Fax:
+1-(604)-669-9768, E-Mail: investors@norsemont.com, Web Site:
www.norsemont.com