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Norsemont Mining Inc.

Norsemont Intersects 159 Metres of 1.12% Copper (1.22% cueq) in Step-Out Drilling at the Constancia Project

17.07.2006 – 14:10

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
results from four more Phase II diamond drill holes targeting  the
Constancia and San Jose Zones at the Constancia
Copper-Molybdenum-Silver-Gold Porphyry Project in southern Peru.
     Highlights:
     <<
     -   Hole CO-06-55:  159.0 metres at 1.12% Copper (1.22% Copper
         Equivalent), and
     -   Hole CO-06-56:   56.0 metres at 1.23% Copper (1.60% Copper
         Equivalent)
              TABLE 1:  COPPER INTERSECTIONS AT CONSTANCIA PROJECT
       DRILL    FROM    TO      INT.      Cu      Mo        Au     Ag    CuEQ
       HOLE      (m)    (m)     (m)       (%)     (%)     (g/t)  (g/t)    (1)
     CO-06-53   10.8   242.0   159.6(2)   0.45   0.0039   0.010   2.01   0.50
        incl.   10.8    18.2     7.4      0.52   0.0018   0.015   0.16   0.54
        incl.   43.8   102.0    58.2      0.50   0.0028   0.006   2.15   0.54
        incl.  188.0   200.0    12.0      0.59   0.0024   0.020   2.07   0.64
        incl.  210.0   242.0    32.0      0.53   0.0064   0.007   1.24   0.59
     CO-06-54   22.0   154.0   132.0      0.65   0.0066   0.130   3.74   0.80
     CO-06-55  35.00  194.00   159.0      1.12   0.0093   0.028   2.29   1.22
     CO-06-56  22.00   78.00    56.0      1.23   0.0025   0.440  12.70   1.60
     >>
     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).
     Note 2:  In hole -053, the 231.2 m interval from 10.8 m to 242.0 m
     contains 6 mineralized zones with an aggregate interval length of
     159.6 m. The weighted average results of those intervals are reported.
Drill holes CO-06-O53 and -055 are 100 metre step-out holes in the
Constancia Zone that contain mixed chalcocite and chalcopyrite, with
the chalcocite content decreasing with depth. Native copper was
observed in the upper chalcocite interval of hole -055.
Drill holes CO-06-054 and -056 are 100 metre step-out holes toward
the current southern boundary of the San Jose Zone. Chalcocite
predominates  within the top 40 metres, while chalcopyrite
mineralization dominates at  depth.
The majority of future holes will be step-out holes on 100 metre
centers, similar to the program carried out in 2005, for the purpose
of  calculating a resource estimate for the property. Two drill rigs
are  currently operating on site.
"Hole 55, a step-out hole in the Constancia Zone, with 159 metres
of 1.12% copper, and 1.22% copper equivalent, is one of the best
holes we've drilled to date, based on both the grade and interval
length," said Marc E. Levy, President & CEO of Norsemont Mining Inc.
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, who has
reviewed and approved the  information contained in this news
release. 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.
A plan map with drill hole locations is available on Norsemont's
website at www.norsemont.com.
Norsemont also announces the issuance of an aggregate of 150,000
options to one officer and one employee of the Company at a price of
$2.00 per share, expiring 5 years from date of grant. This grant is
subject to TSX-V approval and shareholder approval at the 2006 Annual
General Meeting.
About Norsemont Mining
Norsemont Mining is a well structured, well financed exploration
company working in the Americas, with a focus on Peru. The Company is
currently drilling the Constancia Copper-Molybdenum-Silver-Gold
project, and  exploration is underway at the Amata Silver-Gold
property acquired from  Rio Tinto.
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.

Contact:

For further information: Brian Soregaroli, VP Corporate
Communications at: Phone: +1-(604)-669-9788 x109, Fax:
+1-(604)-669-9768, E-Mail: investors@norsemont.com, Web Site:
www.norsemont.com

Plus de actualités: Norsemont Mining Inc.
Plus de actualités: Norsemont Mining Inc.
  • 05.07.2006 – 14:05

    Norsemont Extends Mineralized Zone in Step-Out Drilling 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 results from six more Phase II diamond drill holes targeting the Constancia and San Jose Zones at the Constancia Copper-Molybdenum-Silver- Gold Porphyry Project in southern ...

  • 21.06.2006 – 14:04

    Norsemont Intersects 1.58% Copper in Step-Out Drilling 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 results from the fourth and fifth Phase II diamond drill holes targeting the Constancia Zone at the Constancia Copper-Molybdenum-Silver-Gold Porphyry Project in southern Peru. ...

  • 16.06.2006 – 14:04

    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. Highlights ...