Norsemont's 43-101 Stock Data
Choquelimpie

A
golden
opportunity,
reborn

A PROVEN WINNER

Choquelimpie was previously the third largest gold producer in Chile. Featuring over 1700 drill holes and an existing record of success, we believe the property has been under-explored and could grow exponentially.

A SAFE AND SECURE LOCATION

Chile is a traditionally mining friendly and geopolitically stable jurisdiction with a well-established history. Being located in the Arica Industrial Free Trade Zone allows Norsemont to take advantage of unparalleled economic and tax incentives of up to 40% credit on investments in physical assets.

MODERN MINING TECHNOLOGY

Choquelimpie has not yet been explored with modern exploration techniques and technologies. Evaluation by the Norsemont team recognizes significant exploration upside potential in the existing gold and sliver targets as well as additional upside with the Cu-Au porphyry target.

INFRASTRUCTURE

The property features year round access, an existing ADR effluent treatment plant, power and water on site, established water permits, a fully equipped camp and a 3000 tonne a day plant.

About The Choquelimpie Project

A PAST PRODUCING GOLD MINE

Located in the Arica and Parinacota Region, the 5757 hectare Choquelimpie Gold Project is a mining project like no other.

Purchased as a ‘turnkey’ operation, the site features:

Year round road access
A functioning ADR efffluent treatment plant
Power and permitted water on site
A 3,000 tonne a day mill
A fully equipped camp, offices and warehouse
A ready to use lab for preparation

Schematic Cross Section

Excellent opportunity to follow up on exceptional high grade sulfides interceptions

High grade sulfides are generally hosted by breccia

No work has been done to understand the controls of the High Grade Sulfide

No moden Exploration techniques applied by previous operators

Highlights of high grade sulfides intercepts hosted by breccias

Suri Area

  • DH977: 2m of 340 g/t Au. 127 g/t Ag. 4% Cu
  • DH967: 2m of 13 g/t Au. 62 g/t Ag. 0.5% Cu
  • DH101: 8m of 30.8 g/t Au. 1.695 g/t Ag
  • DH101: 5m of 48 g/t Au. 2.622 g/t Ag
  • DH967: 6m of 7 g/t Au. 164 g/t Ag. 3.9% Cu
  • DH342: 6m of 9.66 g/t Au. 7.6 g/t Ag
  • DH965: 10m of 23.6 g/t Au. 55.6 Ag. 1.35% Cu
  • DH971: 16m of 7.24 g/t Au. 21.3 g/t Ag

 

Highlights of high grade sulfides intercepts hosted by breccias

Choque Area

  • DH977: 2m of 340 g/t Au. 127 g/t Ag. 4% Cu
  • DH967: 2m of 13 g/t Au. 62 g/t Ag. 0.5% Cu
  • DH101: 8m of 30.8 g/t Au. 1.695 g/t Ag
  • DH101: 5m of 48 g/t Au. 2.622 g/t Ag
  • DH967: 6m of 7 g/t Au. 164 g/t Ag. 3.9% Cu
  • DH342: 6m of 9.66 g/t Au. 7.6 g/t Ag
  • DH965: 10m of 23.6 g/t Au. 55.6 Ag. 1.35% Cu
  • DH971: 16m of 7.24 g/t Au. 21.3 g/t Ag

CHOQUELIMPIE HISTORY

The last major survey of the Choquelimpie deposit was done by Royal Dutch Shell (NYSE:RDS.A) when it signed an option to buy the mine in 1987.

Its geologists established the gold reserve at 530,000 ounces. Shell mined 380,000 ounces of high-grade gold between 1988 and 1992, making it the 3rd largest producer in Chile.

Northgate Minerals bought the mine and extracted another 35,000 ounces. That, on the surface would make Choquelimpie a very small, though mega profitable mine based on what remains from the Royal Dutch Shell reserves.

Evaluation by the Norsemont team recognizes significant exploration upside potential in the existing gold-silver targets and additional upside with the Cu-Au porphyry target.

GEOLOGY AND MINERALIZATION

Gold and Silver deposits associated with the Andean magmatic arc activity during Miocene (6.7 to 7.3 Million years)

Historic exploration only over an area of 5 Km2 that ’s included in an area of 27 Km2 of hydrothermal alteration

Mineralization occurs as disseminated in hydrothermal breccias and porphyritic rocks, stockwork, and high grade sulfide veins

High Sulphidation epithermal system characterized by the presence of quartz, alunite, dikite, kaolinite and pyrophyllite

Follow us on Twitter