Norsemont Mining Inc. Resumes Phase Three Drill Program at Choquelimpie
NORSEMONT MINING INC.
Suite 500, 666 Burrard Street
Vancouver, BC, V6C 3P6
Phone: 778-240-7724
NORSEMONT RESUMES PHASE THREE DRILL PROGRAM AT CHOQUELIMPIE
Vancouver, B.C., April 15, 2026 – Norsemont Mining Inc. (CSE: NOM, OTCQX: NRRSF,
FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce the continuation of
its Phase 3 exploration drill program at the 100%-owned Choquelimpie high-sulfidation gold-
silver-copper project in northern Chile. The Phase 3 program comprises up to 5,000 meters of
diamond drilling (“DDH”) of which 1,700 meters were drilled in 2025, utilizing a diamond drill
rig. The resumption of the Phase 3 drill program has commenced.
Highlights
• The diamond drill rig is currently on site.
• The Phase 3 drill program includes up to 13 diamond drill holes, totaling
approximately 3,300 meters.
• Drilling will test extensions of higher-grade hydrothermal breccia bodies at depth, below
the current mineral resource envelope.
• Further drilling targeting oxide resources expansion has been budgeted for the second half of
the year.
Management Comments
Norsemont CEO Marc Levy commented:
“We are very excited to resume the Phase 3 drilling at Choquelimpie, where our recent work has
highlighted significant potential for higher-grade gold zones at depth beneath the current resource
and along strike. This high impact program will be testing higher grade mineralization at depth in
several zones such as Choque, Vizcacha and Suri. The program will continue to define the scale
and continuity across the target. We expect steady progress and consistent news flow over the
coming months. The 2026 Phase 4 drill program has budget for up to 13,000 meters of drilling.”
The Phase 3 Drill Program
The Phase 3 drill campaign at Choquelimpie is designed to evaluate down-dip extensions of
high-grade gold mineralization hosted within hydrothermal breccia zones. The program will
comprise up to 13 holes up to 500 meters in length.
Norsemont, through its wholly owned Chilean subsidiary SCM Vilacollo, has engaged DV
Drilling Ltd. of Coquimbo, Chile, to conduct the program.
Historical production at Choquelimpie during the period of 1988 to 1996 focused primarily on
oxidized near-surface mineralization between 20 and 100 m depth, depending in the type of rock,
alteration and mineralogy. Consequently, much of the exploration at the Project focused on this
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near surface oxide resource without testing the deeper, potentially larger, sulphide resource. The
Phase 3 drill program aims to systematically assess this deeper resource potential by targeting the
geometry of the higher-grade breccia bodies.
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.
Norsemont is an advanced stage mining company engaged in the development and resource expansion of
it Choquelimpie gold silver copper project in Northern Chile. The Norsemont team comprises experienced
natural resource professionals focused on growing shareholder value and developing its flagship project
through to 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 Choquelimpie
gold-silver-copper project in northern Chile, a past producing gol d 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:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining
YouTube: @norsemontmining
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release. No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
Forward-Looking Statements
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Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements
and information that may constitute forward-looking information within the meaning of applicable
Canadian securities laws. Forward-looking statements relate to future events or future performance
and reflect the expectations or beliefs of management of the Company regarding future events.
Generally, forward-looking statements and information can be identified by the use of forward-
looking terminology such as "intends" or "anticipates", or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "should", "would" or "occur". This
information and these statements, referred to herein as "forward-looking statements", are not
historical facts, are made as of the date of this news release and include without limitation,
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 finalization and
delivery of the EID and the anticipated timeline thereof, anticipated advancement of the project, and
the ability of the Company to obtain regulatory approvals and permits required for such
advancement.
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 being able to obtain the EID for any
reason, inability to obtain required government approvals and permits to advance the project as
required and on reasonable timelines, 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 several material assumptions, including without limitation, that the Company will receive
the necessary regulatory approvals and support to prepare, submit and receive the EID on
anticipated timelines.
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-
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-
looking information. Readers are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to update any forward-looking
statement, except as required by applicable securities laws.