Norsemont Mining Inc. (CSE: NOM | OTCQB: NRRSF | FRA: LXZ1) owns the Choquelimpie Project — a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction.
Over 415,000 oz gold and 2 million oz silver produced by Shell and Northgate in the late 1980s to early 1990s
2.74M oz AuEq: 2.18M Indicated + 557k Inferred (NI 43-101, April 2025)
3,000 TPD mill, ADR effluent plant, camp, road access, power & water
Track record includes several exits including Norsemont 1.0 for $520M exit (Hudbay), Petaquilla Copper for $357mm (InMet Mining), Tier-1 discoveries like Oyu Tolgoi and Nuevo Chaquiro, mine development of the $2.7B Esperanza mine in Chile, and over $1B in capital raised across resource and venture sectors
Norsemont is an advanced-stage mining company unlocking value from the high-potential Choquelimpie past-producing mine. Choquelimpie, is a large-scale gold-silver-copper system in northern Chile with updated resources, extensive infrastructure, and significant exploration upside.
Led by Marc Levy, Norsemont’s leadership includes respected professionals with experience in discovery, engineering, permitting, mine development & operations and capital markets. Collectively, the team has delivered multiple discoveries, developments, and exits exceeding $26B in value.
Choquelimpie boasts over 140,000 metres of drilling, in over 1,700 drill holes, and significant infrastructure . Drilling has confirmed high-grade oxide and sulfide mineralization — including 35m @ 32.2 g/t Au & 8.0 g/t Ag — with copper and gold porphyry potential at depth.
Choquelimpie’s exceptional gold grades have been confirmed through both legacy and recent drilling. Notable highlights include:
In total, over 1,700 holes and 140,000 metres have been completed. The 2021 drill program intersected near-surface oxide zones and deep porphyry-style gold-silver-copper mineralization.
69 sonic holes drilled into stock piles and leach pads confirm leachable resources
Core and pulps from historic and recent drill campaigns are preserved onsite
Multiple zones (oxide, sulfide, porphyry) remain open along s strike and at depth, with significant areas underexplored
Existing mill reduces development timelines and capital costs.
Onsite plant and lab support efficient gold and silver recovery and testing.
Modern facilities for secure sample and equipment management.
Reliable logistics with all-season road to the port city of Arica.
Stable power supply and permitted water for uninterrupted operations.
Fully functional accommodations, offices, and site security.
Historical oxide recoveries (heap leach): up to ~90% Au
Flotation results: up to 87% Au, 78% Ag recoveries
Current testing in progress to optimize oxide, mixed, and sulfide gold recovery
