Norsemont Drilling Program Update at Choquelimpie

Core Viewpoint - Norsemont Mining Inc. has completed the initial diamond drill hole and commenced two additional drill holes as part of its Phase 3 exploration program at the Choquelimpie project in northern Chile, indicating a strong focus on high-grade gold mineralization [1][3]. Group 1: Phase 3 Drill Program - The Phase 3 drill program aims to evaluate down-dip extensions of higher-grade gold mineralization (>1 gram/tonne Au) within hydrothermal breccia zones, consisting of up to 20 holes averaging 250 meters in length [4]. - The program is being conducted using two diamond drill rigs, with a total of up to 5,000 meters of diamond drilling planned, scheduled to continue through late December [1][4]. Group 2: Management Insights - CEO Marc Levy expressed confidence in the potential for substantial high-grade gold zones at depth and along strike below the existing open-pit resource, highlighting the transformative nature of the Phase 3 drill program [3]. - The company anticipates providing further updates to shareholders as drilling progresses and results become available [3]. Group 3: Technical Details - The first drill hole, MV25-DD01, has been completed to a depth of 300 meters, intersecting the Vizcacha hydrothermal breccia with moderate to strong pyrite mineralization [7][11]. - The second hole, MV25-DD02, is also targeting the Vizcacha Hydrothermal Breccia, while the third hole, MV25-DD03, is designed to explore the Choque Zone at depth, below previously calculated higher gold grades [8][11]. Group 4: Operational Aspects - Norsemont has engaged DV Drilling Ltd. to conduct the Phase 3 exploration program, utilizing truck-mounted diamond drills operating on a 24-hour schedule [5]. - Drill core samples will be prepared and analyzed at certified facilities in Chile, ensuring quality control in the exploration process [6].