Norsemont Provides Update on Choquelimpie Gold-Silver Project
NORSEMONT MINING INC.
Suite 610, 700 West Pender Street
Vancouver, BC, V6C 1G8
Phone: 604-669-9788
NEWS RELEASE
NORSEMONT PROVIDES UPDATE ON CHOQUELIMPIE GOLD-SILVER PROJECT
Vancouver, B.C., March 15, 2021 – Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) (“Norsemont”
or the “Company”) wishes to provide an update to its shareholders on the Choquelimpie gold-silver project (“the
Project”), located within the Province of Parinacota in Region XV of northern Chile and approximately 115
kilometers east-northeast of the coastal city and port of Arica. Norsemont holds a 100% 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 Mr. John Currie, VP Exploration.
Until recently field operations have been challenging due to Covid-19 lock-downs but Norsemont is now pleased
to report that field operations are now underway 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 re-assaying program is underway. 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 re-assayed over the next three months and results will be compared to historic
data with the aim of supporting a compliant 43-101 resource.
Marc Levy, CEO 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.
On behalf of the Board of Directors,
NORSEMONT MINING INC.
Marc Levy
CEO & Chairman
For more information, please contact the Company at:
Telephone: (604) 669-9788; Facsimile: (604) 669-9768
Forward-Looking Information
This release includes certain statements that are deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address events or developments that Norsemont expects
to occur, are forward-looking statements. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will",
"would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the forward-looking statements.
Factors that could cause the actual results to differ materially from those in forward-looking statements include
changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange
rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date the
statements are made. Except as required by applicable securities laws, the Company undertakes no obligation
to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or
other factors, should change.
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.