Norsemont Mining Inc. - Drilling Program Update
NORSEMONT MINING INC.
Suite 500, 666 Burrard Street
Vancouver, BC, V6C 3P6
Phone: 778-240-7724
NORSEMONT DRILLING PROGRAM UPDATE AT CHOQUELIMPIE
Vancouver, B.C., December 2, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF,
FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce completion of the initial
diamond drill hole and commencement of 2 additional drill holes of its Phase 3 exploration drill
program at the 100%-owned Choquelimpie high-sulfidation gold-silver-copper project in
northern Chile. The first hole was targeting higher-grade gold mineralization hosted in the
Vizcacha hydrothermal Brecia (Figure 1). The Phase 3 program will comprise up to 5,000 meters
of diamond drilling (“DDH”) utilizing two (2) diamond drill rigs , with drilling scheduled to
continue through late December.
Highlights
Diamond drill hole MV25-DD01, targeting the Vizcacha higher grade hydrothermal breccia,
has been completed to a depth of 300 meters (Figure 2).
Diamond drill hole MV25-DD02 has been collared, from the same station as MV25-DD01
(Figure 1), to also target the Vizcacha Hydrothermal Breccia to depth (Figure 2)
MV25-DD03 has been designed to explore the Choque Zone (Figure 1) at depth, below the
area where gold grades have been calculated within the 2025 resource model (Wilson, 2025),
(Figure 3).
Management Comments
Norsemont CEO Marc Levy commented:
“With the second and third diamond drill holes now in progress at Choquelimpie utilizing 2 drill
rigs, we are rapidly advancing what we believe could be a transformative Phase 3 drill program.
The targeting of these holes reflects our growing confidence in the potential for substantial high-
grade gold zones at depth and along strike below the existing open-pit resource. We look forward
to further updating shareholders as drilling continues and results become available.”
The Phase 3 Drill Program
The Phase 3 drill campaign at Choquelimpie is designed to evaluate down-dip extensions of
higher-grade gold mineralization (>1 gram/tonne Au) hosted within hydrothermal breccia zones.
The program will comprise up to 20 holes averaging 250 meters in length. The priority drill
stations for this program are shown on Figure 1.
Norsemont, through its wholly owned Chilean subsidiary SCM Vilacollo , has engaged DV
Drilling Ltd. of Coquimbo, Chile, to conduct the Phase 3 exploration program. DV Drilling is
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operating one each of a Golden Bear 1400, and CSK C1500, truck-mounted diamond drills. The
rigs will be operated on a 24-hour schedule.
Drill core samples will be prepared at the Activation Geological Services SpA (AGS) facility
located in Antofagasta Chile and analyzed at the AGS geochemical laboratory, located at
Coquimbo, Chile. The laboratory has an ISO 17025 certification.
Downhole surveys are being conducted by DV Drilling utilizing a Device Gyroscope.
Hole MV25-DD01 has been collared at coordinates of E473,285, N7,975,980 and an elevation of
4,694 meters (blue star on Figure 1). The hole, oriented at an azimuth of 275 degrees and inclined
at 70 degrees, has been completed to a depth of 300 meters. The hole dominantly intersected the
Vizcacha hydrothermal breccia (“Brecha Hidrotermal” in Figure 2), as predicted. The breccia
hosts moderate to strong pyrite mineralization (1 – 7%), as disseminations and in veinlets. Silica-
pyrite and silica-enargite veinlets also were intersected from the 180-meter depth to the end-of-
hole. Assays are pending
Hole MV25-DD02 has been collared, from the same station as MV25-DD01, to also target the
Vizcacha Hydrothermal Breccia to depth (Figure 2). The hole: is oriented at an azimuth of 180
degrees, is inclined at 80 degrees and has a design depth of 225 meters. The hole is intersecting
the Vizcacha Hydrothermal Breccia, with disseminated and veinlet-hosted sulfides.
Hole MV25-DD03 has been collared: at coordinates of E472,622, and N7,975,811 (Figure 1), at
an elevation of 4,735 meters, and with a design depth of 275 meters (Figure 3). This drill hole
targets the Choque Zone at depth, below the area where higher gold grades (red, pink & purple
display colors on Figure 3) have been calculated within the 2025 resource model (Wilson, 2025),
(Figure 3). This drill hole will also intersect a modeled hydrothermal breccia body.
The Phase 3 exploration program is being supervised by Roman Flores, a Persona Calificada (Q.P.)
with the Commission Minera Chile.
References:
Wilson, S. E., 2025, NI 43-101 Technical Report for the Choquelimpie Au-Ag Project Region 1
Chile, 115p.
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Figure 1
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Figure 2: DD01 & DD02 Cross Section
Notes: 1) The line of section is displayed in Figure 1; 2) West-east section, looking North; 3) Block model grades in
grams/tonne Au & 4) Block model display filtered to > 0.20 grams/tonne Au.
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Figure 3: DD03 Cross Section
Notes: 1) The line of section is displayed in Figure 1; 2) North-south section, looking east; 3) Block model grades in
grams/tonne Au & 4) Block model display filtered to > 0.20 grams/tonne Au.
Qualified Person
David Flint, MSc, AIPG-CPG, and Chief Geologist of Norsemont Mining Inc.; a qualified person
as defined in NI 43-101, has reviewed and approved the technical information in this press release.
On Behalf of the Board,
NORSEMONT MINING INC.
Marc Levy
CEO & Chairman
About Norsemont Mining Inc.
The Norsemont team comprises experienced natural resource professionals focused on growing
shareholder value and developing its flagship project through to bankable feasibility, with an
indicated mineral resource estimate of 1,731,000 gold ounces, and 33,233,000 silver ounces and
an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces for its
Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the
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Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine
with significant exploration upside. Choquelimpie has over 1,710 drill holes, with significant
existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill.
Norsemont is committed to responsible and sustainable resource development, leveraging modern
exploration techniques to unlock further value for all stakeholders.
For more information, please contact the Company at: [email protected]
Investor Relations: Paul Searle (778) 240-7724
Follow Norsemont Mining:
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LinkedIn: @norsemontmining
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Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements
and information that may constitute forward-looking information within the meaning of applicable
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Generally, forward-looking statements and information can be identified by the use of forward-
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statements regarding discussions of future plans, estimates and forecasts and statements as to
management's expectations and intentions with respect to, among other things, the Offering and
entry into the marketing agreements.
These forward-looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward-looking statements. These risks and
uncertainties include, among other things, the Company not receiving the necessary regulatory
approvals in respect of the Offering and marketing agreements contemplated herein and, with
respect to the Offering, risks adverse to the capital markets, the mining industry, and investor
support. In making the forward-looking statements in this news release, the Company has applied
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several material assumptions, including without limitation, that the Company will receive the
necessary regulatory approvals and receive market interest to close the Offering on the terms herein.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-
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