Norsemont Mining Inc.

Norsemont Extends Mineralization and Reports Highest Grade Intercept to Date at San Jose Zone, 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 three  additional holes targeting both the Constancia and San Jose Zones at the Constancia Copper-Molybdenum-Gold-Silver Porphyry Project in southern Peru.

    Highlights include:

      -  Hole CO-05-32: 166.00 meters of 0.83% Copper (0.97% CuEQ(1))
      -  Hole CO-05-34: 62.00 meters of 1.45% Copper (1.68% CuEQ(1))
      -  Hole CO-05-35: 180.90 meters of 0.58% Copper (0.88% CuEQ(1))

    All three holes are on the fringes of previous drilling at Constancia, thus adding significantly to the known extent of mineralization.

    "Hole CO-05-34 encountered 62 meters of 1.45% Cu, the highest grades received to-date within the San Jose Zone, located near surface," said Marc  E. Levy, President and CEO of Norsemont Mining Inc. "Additionally, step out  Hole CO-05-35 encountered the highest molybdenum values yet observed on the property, intersecting 16 meters of 0.60% Cu and 0.071% Mo and 82 meters of 0.59% Cu and 0.054% Mo. The hole terminated in strong mineralization at 296 meters due to caving. Step out Hole CO-05-32 and CO-05-35 suggest that  the Constancia Zone remains open for expansion to the south and to the west." To-date, 41 drill holes have been completed by Norsemont at the  Constancia Project totalling 9,790 meters.

      DRILL                                                                                Au         Ag      CuEQ
      HOLE          FROM(m)    TO(m)    INT.(m)  Cu (%)  Mo (%)  (g/t)    (g/t)  (1)
      CO-05-32                                 166.00      0.83    0.014    0.010    4.99    0.97
         incl.        40.00        48.00      8.00      2.32    0.002    0.009    5.90    2.39
         incl.      100.00      240.00  140.00      0.80    0.015    0.008    5.01    0.94
         incl.      246.00      254.00      8.00      0.38    0.010    0.021    4.38    0.49
         incl.      260.00      270.00    10.00      0.48    0.011    0.026    4.50    0.61
      CO-05-34      16.00        78.00    62.00      1.45    0.009    0.160    8.24    1.68
      CO-05-35                                 180.90      0.58    0.038    0.068    3.48    0.88
         incl.         3.10        32.00    28.90      0.55    0.013    0.038    5.30    0.70
         incl.      106.00      120.00    14.00      0.66    0.013    0.081    4.30    0.83
         incl.      126.00      166.00    40.00      0.55    0.020    0.140    2.15    0.77
         incl.      184.00      200.00    16.00      0.60    0.071    0.087    2.70    1.10
         incl.      214.00      296.00    82.00      0.59    0.054    0.038    3.49    0.97
      Note 1: Copper equivalent Values (CuEQ) are estimated using long-term
      metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb,
      Silver US$6.50 per oz., and Gold US$400 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 (Au grams per tonne
      times 12.86/22.05) plus (Mo percent times 132.28/22.05) plus (Ag grams
      per tonne times 0.21/22.05).@@end@@

    The San Jose Zone at the Constancia project is believed to be the faulted extension of the main Constancia Zone to the east. Hole CO-05-34, one of five holes completed during 2005 at the San Jose Zone, intersected the highest grades yet encountered. A near surface interval of 62 meters (16m - 78m) encountered 1.45% Cu in mixed skarn mineralization and chalcocite-bearing monzonite. Continued drill testing the near surface potential of the San Jose Zone will be a high priority in early 2006.

    Holes CO-05-32 and 35 are 100 meter step-out holes collared within the Southern Fracture System, the thickest and generally highest grade portion of the main Constancia Zone. CO-05-32 tested the southeastern portion of the Fracture Zone, angled to the northwest. Hole CO-05-32 encountered a skarn contact with mineralized monzonite intersecting 140 meters (100 meters - 240 meters) of 0.8% Cu and 0.015% Mo. The interval overlaps mineralized skarn rocks and secondary chalcocite in the monzonite. This intercept has excellent continuity with nearby holes, collectively suggesting that the Constancia  zone remains open for expansion to the south. CO-05-35 has extended the  Southern Fracture System to the west, encountering 180.9 meters of 0.58% Cu  and with 0.038% Mo in five zones. These zones start at the surface and  continue to the bottom of the drill hole. This 100 meter step-out hole  intersected the strongest molybdenum values yet encountered on the property.  Furthermore, the Constancia zone remains open to the west and at depth in  this region, since the hole was lost within strong mineralization due to poor down-hole ground conditions.

    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.

    Robert McLeod, P. Geo., Norsemont's Consulting Geologist 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

    Norsemont Mining is a well-structured and 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 commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.

    Marc E. Levy

    Director & President

    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.
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For further information: Marc E. Levy, Director & President, Phone:
+1-(604)-669-9788, Fax: +1-(604)-669-9768, E-Mail:,

Weitere Meldungen: Norsemont Mining Inc.

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