Norsemont Mining Inc.

Norsemont Extends Mineralized Zone at the Constancia Project

    Vancouver, Canada (ots/PRNewswire) - Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX-V: NOM;  Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is pleased  to announce that encouraging results have been received from the first  three Phase II diamond drill holes targeting the Constancia Zone at the Constancia Copper-Molybdenum-Silver-Gold Porphyry Project in southern Peru.

@@start.t1@@      Highlights include:
      -    Hole CO-06-42: 317.00 metres of 0.44% Cu and 0.028% Mo (0.65% CuEQ1)
      -    Hole CO-06-43: 108.00 metres of 0.93% Cu and 0.013% Mo (1.08% CuEQ1)
      -    Hole CO-06-44: 210.00 metres of 0.58% Cu (0.68% CuEQ1).@@end@@

    Drill hole CO-06-042 is a step-out hole on the west side of the Constancia zone, which hit 317.0 metres of mineralization (Table 1). Drill  holes CO-06-043 and 044 are infill holes within the Constancia zone.

@@start.t2@@      TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT
      DRILL                                                                              Au         Ag
      HOLE         FROM(m)    TO(m) INT.(m)  Cu (%)  Mo (%)    (g/t)    (g/t) CuEQ(1)
      -------------------------------------------------------------------------
      CO-06-42    24.25  341.25  317.00      0.44    0.028    0.034      2.70      0.67
      CO-06-43      0.00  108.00  108.00      0.93    0.013    0.060      4.24      1.09
                      116.00  186.00    70.00      0.73    0.018    0.024      6.90      0.93
      CO-06-44      0.00    18.00    18.00      0.60    0.003    0.590      4.86      0.99
                        40.00    68.00    28.00      0.60    0.002    0.150      6.48      0.75
                        76.00  210.00  134.00      0.58    0.001    0.080      4.70      0.67
      Note 1: Copper equivalent Values (CuEQ) are estimated using long-term
      metal prices including: Copper US$1.20 per lb, Molybdenum US$8.00 per lb,
      Gold US$450 per oz., and Silver US$7.50 per oz. Adjustment factors to
      account for differences in relative metallurgical recoveries for gold,
      copper and molybdenum will depend upon the completion of definitive
      metallurgical testing. CuEQ equals Cu per cent plus Mo percent times
      (8.00/1.20) plus Au grams per tonne times 14.47/(1.20(x)22.05) plus
      Ag grams per tonne times 0.24/(1.20(x)22.05).@@end@@

    In this current drilling campaign Norsemont has completed two additional infill holes (assays not yet received). The majority of future  holes will be step-out holes on 100 meter centers, similar to the program  carried out in 2005, for the purpose of calculating a resource estimate for  the property. The company is currently drilling hole CO-06-051, which is an  additional step-out hole. Two drill rigs are currently operating on site.

    "We are delighted with these initial results," said Marc Levy, Norsemont President & CEO. "We are encouraged to find that the two infill  drill holes indicate excellent continuity within the mineralized zone. Of  significant interest is that the first step-out hole, peripheral to the  previously known Constancia mineralization, shows that mineralization  continues from near surface to a significant depth." (Refer to 2005 drill  results news releases for comparable data.)

    The drilling program and geological studies at the Constancia project  are being supervised by Dr. Thomas A. Henricksen, P. Geo., Norsemont's  Qualified Person as defined by NI 43-101. Core samples are cut with a  diamond saw, with one-half of the core placed in sealed bags, and shipped  to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive  quality control program for assaying which includes the systematic use of  standards, blanks, and field duplicate samples. Secondary laboratories are  also used for check assaying.

    Art C. Freeze, P. Geo., Director of Norsemont and Qualified Person as  defined by NI 43-101 has reviewed and approved information contained in  this news release.

    A plan map with drill hole locations will be available shortly on Norsemont's website at www.norsemont.com

    About Norsemont Mining

    Norsemont Mining is a well structured, well financed exploration company working in the America's, with a focus on Peru. The Company is  currently drilling the Constancia Cu-Au-Mo project, and exploration is  underway at the Amata Ag-Au property acquired from Rio Tinto. Norsemont  recently completed financings totaling $14 million.

    Sincerely,

    Marc E. Levy

    President & CEO

    Norsemont Mining Inc.

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.

ots Originaltext: Norsemont Mining Inc.
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
For further information: contact Marc Levy, President & CEO, or Brian
Soregaroli, VP Corporate Communications at: Phone: +1-(604)-669-9788,
Fax: +1-(604)-669-9768, E-Mail: investors@norsemont.com,
www.norsemont.com



Weitere Meldungen: Norsemont Mining Inc.

Das könnte Sie auch interessieren: