Norsemont Mining’s Choquelimpie Project: A Significant Update to the Gold-Equivalent Ore Reserves
Vancouver, B.C. – April 1, 2025 – Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1), a leading mining company, is thrilled to share an updated Mineral Resource Estimate (MRE) for its Choquelimpie Gold-Silver-Copper Project, located in the Parinacota Province, Region XV, Northern Chile. Norsemont holds a 100% ownership interest in the Project through its wholly-owned Chilean subsidiary, Sociedad Contractual Minera Vilacollo (SCMV).
Updated MRE Highlights
The updated MRE reveals a substantial increase in gold-equivalent ounces for Norsemont’s Choquelimpie Project. The new estimate includes:
- Indicated gold equivalent ounces: 2,184,000
- Inferred gold equivalent ounces: 557,000
These figures represent a considerable improvement compared to the previous estimate. The updated estimate is a testament to the Project’s potential for growth and the successful drilling campaigns that Norsemont has executed.
Impact on Norsemont and Shareholders
This significant upgrade to Norsemont’s gold-equivalent ore reserves is a positive development for the Company and its shareholders. The increased resources will:
- Strengthen Norsemont’s financial position by providing a larger resource base to support future mine planning and development
- Increase investor confidence and potentially attract new investors due to the enhanced project value
- Provide a foundation for future growth and expansion opportunities
Global Implications
Beyond Norsemont and its shareholders, this update to the Choquelimpie Project’s mineral resources has potential implications for the global mining industry:
- Increased exploration and investment in similar projects in Northern Chile and other regions with favorable geological conditions
- An overall positive impact on the mining sector, as increased resources and successful projects can lead to a stronger industry and potential economic benefits
- Contribution to the global gold supply, helping to meet the growing demand for precious metals
Conclusion
Norsemont Mining’s updated Mineral Resource Estimate for its Choquelimpie Gold-Silver-Copper Project represents a significant milestone for the Company and the mining industry. With increased gold-equivalent ounces and a strengthened financial position, Norsemont is well-positioned for future growth and development. Furthermore, this update has the potential to stimulate increased exploration and investment in similar projects, contributing to a stronger mining sector and the global gold supply. As we move forward, Norsemont’s success serves as an inspiring example of the potential for mineral exploration and development to create value and drive progress.
For more information, please visit Norsemont Mining’s website at www.norsemontmining.com.
