The Trade Desk(US:TTD) Thenewswire·2025-11-14 14:00Core Viewpoint - Norsemont Mining Inc. has initiated its Phase 3 exploration drill program at the Choquelimpie project in northern Chile, focusing on high-grade gold zones at depth beneath the current resource [1][3]. Group 1: Phase 3 Drill Program - The Phase 3 drill program will involve up to 5,000 meters of diamond drilling using two drill rigs, with drilling expected to continue through late December [1][8]. - The program aims to evaluate down-dip extensions of high-grade gold mineralization within hydrothermal breccia zones, consisting of up to 20 holes averaging 250 meters in length [3][8]. Group 2: Management Insights - CEO Marc Levy expressed excitement about the Phase 3 drilling, highlighting the potential for discovering higher-grade gold zones at depth and the importance of this program in defining the scale and continuity of mineralization [3][9]. - The drilling will target several zones, including Choque, Vizcacha, and Suri, with expectations for steady progress and consistent updates over the coming months [3][9]. Group 3: Historical Context and Infrastructure - Historical production at Choquelimpie from 1988 to 1996 focused on near-surface oxidized mineralization, leaving deeper sulphide resources largely unexplored [5]. - The project has over 1,710 drill holes and significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill, indicating strong exploration upside [9]. Group 4: Operational Details - Norsemont's Chilean subsidiary, SCM Vilacollo, has contracted DV Drilling Ltd. to conduct the drilling program, which will operate on a 24-hour schedule [4][8].