Norsemont Mining Inc. Announces 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., February 19th, 2026 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB:
LXZ1) (“Norsemont” or the “Company”) is pleased to announce the completion of the first seven
(7) holes of the Phase 3 drill program, for a total of 1,650 meters. The drilling has provided
important data for the extension of higher-grade zones, to depth. The “Altiplano Winter” weather
pattern, an annual event, has necessitated that drill operations be postponed. Norsemont is
planning for the weather conditions to be such that drilling operations can resume in April 2026
to complete the Phase 3 drill program of 20 DDH holes for 5,000 meters total.
Drill samples for the 2025 drill program have been submitted to the laboratory. Results have been
initially received for two (2) holes, although some intervals with initial “over-limit” results remain
to be re-assayed. Partial results also have been received for additional holes. The balance of
assays is expected to be received later this quarter.
Management Comments
Norsemont CEO, Marc Levy commented:
“We have initially drilled 7 holes of the Phase 3 program of 20 holes planned, which should resume
in April. Planning and permitting for a more extensive Phase 4 program in 2026 is underway. We
are excited that the 2025 drilling at Choquelimpie has intersected higher-grade hydrothermal
breccia bodies at depth, boosting confidence in expanding the open-pit resource and the overall
size and width of the breccia pipes. We look forward to reporting initial assay results shortly.”
The Phase 3 Drill Program
The 2025 Phase 3 drill campaign at Choquelimpie has successfully evaluated the down-dip
extensions of high er-grade gold mineralization (>1 gram/tonne Au) hosted
within hydrothermal breccia zones (Figure 1). Seven holes (7) core holes, for a total of
approximately 1650 meters have been completed. The details of this program are shown on
Figure 1 and Table 1.
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Figure 1: Phase 3 Drill Hole Location Map
Table 1: Phase 3 Drill Hole Collar File
Downhole surveys have been conducted by DV Drilling utilizing a Devic Gyroscope.
Hole ID N E Elevation A zimuthInclinationLengthMethod
M V25-DD017,975,980 473,285 4694 275 70 300 core
M V25-DD027,975,980 473,285 4694 180 80 239 core
M V25-DD037,975,811 472,622 4735 180 60 275 core
M V25-DD047,975,499 472,756 4832 360 60 200 core
M V25-DD057,975,602 472,463 4761 360 60 221 core
M V25-DD067,976,100 473,352 4687 180 50 225 core
M V25-DD077,975,602 472,463 4761 180 60 203 core
Choquelimpe 2025 Core Drill Hole Collar File
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All split drill core samples for the drilling have been shipped to Activation Geological Services
SpA (AGS) for geochemical analysis. The samples have been prepared at the AGS facility located
in Antofagasta Chile and are being analyzed at the AGS geochemical laboratory, located at
Coquimbo, Chile. The laboratory has an ISO 17025 certification. The gold grades are being
determined by fire assay (AGS code AU-FA30). Drill intervals that have some degree of oxidation
are also being analyzed by the cyanide-soluble gold method (AUCN).
The samples are also being analyzed for 60 elements, including silver, by mass spectrometer (MS
TD60). In addition, silver and specific base metals are being re-assayed by atomic absorption for
samples where the initial value for a particular element is greater than the limit of accuracy (“over-
limit”) for that method. The overlimit value for: silver is 100 ppm, copper is 10,000 ppm, lead is
5,000 ppm and zinc is 10,000 ppm.
MV25-DD01
Assay results have been received for DD01, although some intervals with initial “over-limit”
results remain to be re-assayed. The hole intersected the Vizcacha hydrothermal breccia (Figure
2), as predicted.
Figure 2: Hole DD-01 Hydrothermal Breccia Photos
Note: Hydrothermal Breccia: dacite porphyry fragments in dark-gray hydrothermal matrix.
9.2-meter depth block at photo top.
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Note: Hydrothermal breccia with strong sulfide mineralization. Left image is cut NQ core, right image is
enlarged (note the yellow mineral for scale and position).
MV25-DD02
Hole MV25-DD02 has been completed to a length of 239 meters. The hole dominantly
intersected the Vizcacha Hydrothermal Breccia from collar to 145 meters depth. Brecciated dacite-
andesite porphyry (DAP) dominated the deeper portion of the hole, with abundant (locally to 20%)
sulfide mineralization.
MV25-DD03
Hole MV25-DD03 has been drilled (depth of 275 meters) to explore the Choque Zone (Figure 1
& Table 1) at depth, below the area where higher gold grades have been calculated within the
2025 resource model (Wilson, 2025), (Figure 3). The hole intersected argillically-altered DAP.
Intervals of hydrothermal breccia (Figure 4, lower tray), overprinting the DAP, were also intersected
in the upper half of the hole. The porphyry is oxidized to a down-hole length of 12.5 meters.
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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 g/t Au & 4) Block model display filtered to > 0.20 g/t Au.
Figure 4: DD-03 Core
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MV25-04
Hole MV25-DD04, also been designed to explore the Choque Zone (Figure 1 & Table 1), has been
completed to a length of 200 meters (Figure 5). Lithology for upper portion of the hole is
dominated by dacite-andesite porphyry (DAP) and followed by an intersection of hydrothermal
breccia. The breccia has clasts of DAP and previously formed hydrothermal breccia, in a matrix
that is predominantly pyrite. From 50 – 200 meters (end of hole), quartz-sericite-altered DAP, with
5 – 10% sulfides, was intersected.
Figure 5: DD04 Cross Section
Notes: 1) The line of section is displayed in Figure 1; 2) north-south section, looking east;
3) Block model grades in g/t Au & 4) Block model display filtered to > 0.20 g/t Au.
MV25-DD05
MV25-DD05 has been drilled to explore the Choque Zone (Figure 1 & Table 1) to a depth of 221
meters (Figure 6). The hole intersected Choque hydrothermal breccia bodies and quartz-sericite-
altered DAP (containing 3 – 10% sulfides). The hydrothermal breccia bodies contain 10 – 20%
total sulfides, including enargite.
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Figure 6: DD05 Cross Section
Notes: 1) The line of section is displayed in Figure 1; 2) north-south section, looking west;
3) Block model grades in g/t Au & 4) Block model display filtered to > 0.20 g/t Au.
MV25-DD06
MV25-DD06 has been drilled to explore the Vizcacha Zone (Figure 1 & Table 1) to a depth of
225 meters. The hole intersected dacite-andesite breccia (DAB) and hydrothermal breccia. The
DAB is quartz-sericite-altered and contains 5 – 10% sulfides. The hydrothermal breccia is
commonly matrix-supported with poly-lithic clasts and has 7 – 10% sulfide mineralization. In
addition, this hydrothermal breccia body may be more extensive than currently modeled (black
outline in Figure 7).
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Figure 7: DD06 Cross Section
Notes: 1) The line of section is displayed in Figure 1; 2) north-south section, looking east; 3) Block
model grades in g/t Au & 4) Block model display filtered to > 0.20 g/t Au.
The Phase 3 exploration program was 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.
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.
Marketing Contract
The Company announces that it has engaged i2i Marketing Group LLC (“i2i”) (email:
[email protected]; address 1107 Key Plaza #222, Key West FL 33040; phone: 2403154665). The
engagement with i2i is designed to enhance the Company’s market presence and expan d its
shareholder communications program. The services will include content creation management,
author sourcing, project management, and media distribution. Services will commence on or