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Norsemont Mining Inc
Symbol NOM
Shares Issued 51,644,949
Close 2021-03-15 C$ 0.75
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Norsemont prepares technical staff for Choquelimpie

2021-03-15 12:11 ET - News Release

Mr. Marc Levy reports

NORSEMONT PROVIDES UPDATE ON CHOQUELIMPIE GOLD-SILVER PROJECT

Norsemont Mining Inc. has provided an update to its shareholders on the Choquelimpie gold-silver project, located within the province of Parinacota in Region XV of northern Chile and approximately 115 kilometres east-northeast of the coastal city and port of Arica. Norsemont holds a 100-per-cent ownership interest in the project, through its wholly owned Chilean subsidiary, Sociedad Contractual Minera Vilacollo (SCM Vilacollo).

Norsemont is pleased to report that critical in-country management and staff positions have been filled with the technical team being led by John Currie, vice-president of exploration.

Until recently, field operations have been challenging due to COVID-19 lockdowns but Norsemont is now pleased to report that field operations are now under way in earnest, whilst continuing to carefully observe COVID-19 protocols. Meetings have been held with local indigenous community leaders and access agreements are in place.

With regard to environmental matters, the company has completed a review of leading consultants in Chile and selected DAES Consultores (DAES) of Santiago, to assist in the development, analysis and formulation of appropriate environmental strategies and ensure compliance for the project. DAES management has more than 20 years of experience in environmental matters across various industries.

On the technical front, the early focus has been on developing a comprehensive validated database. Voluminous historic material is being digitized and a major reassaying program is under way. Diamond drill core, RC cuttings, pulps and splits are kept in an orderly fashion in a warehouse at the historic mine site and are easily accessible. Several thousand samples will be reassayed over the next three months and results will be compared with historic data with the aim of supporting a compliant National Instrument 43-101 resource.

Marc Levy, chief executive officer of Norsemont, said, "We are pleased to back in the field at Choquelimpie and look forward to rapidly moving the project forward with a plan for additional drilling, subject to permitting and delivering a NI 43-101 compliant resource, in the second half of the year."

We seek Safe Harbor.

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