Norsemont hat den Kupfer-Rekord
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Source: Norsemont Mining Inc.
Norsemont extends mineralization and reports highest grade intercept to date at San Jose zone, Constancia project
Tuesday January 17, 8:01 am ET
VANCOUVER, Jan. 17 /CNW/ - 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.
TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT
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).
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 www.norsemont.com
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.
For further information
Marc E. Levy, Director & President, Phone: (604) 669-9788, Fax: (604) 669-9768, E-Mail: investors@norsemont.com, www.norsemont.com
Moderation
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Aktion: Forumswechsel
Kommentar: Regelverstoß
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Aktion: Forumswechsel
Kommentar: Regelverstoß
www.norsemont.com
VERDOPPELT NORSEMONT SEINE SCHON HEUTE GEWALTIGE KUPFERRESSOURCEN IN
PERU!?
Norsemont hat soeben neue Bohrresultate von seinem
Flaggschiff-Kupferprojekt Constancia in Peru veröffentlicht. Dabei konnte Norsemont im
wahrsten Sinne des Wortes einen "Big Hit" landen, so konnte ein Bohrloch
die bisher GRÖSSTE JEMALS vorgefundene KUPFERMINERALISIERUNG vorweisen.
Über eine Länge von 62 Metern fand das Bohrteam von Norsemont eine
Kupfermineralisierung von 1,45%, sowas finden Sie sicherlich bei keinem
anderen Explorer mit solch einer geringen Bewertung. Und das wichtigste
kommt erst noch: Diese Resultate stammen von der sog. "San Jose - Zone",
der Minengigant Rio Tinto hatte aber schon allein für die "Constancia -
Zone" eine Ressource von über 6 MILLIARDEN PFUND KUPFER ausgewiesen,
dabei wurde "San Jose" nie berücksichtigt. Die Mineralisierungen setzen
sich also scheinbar auch im Süden und Westen der bisher identifizierten
Ressource weiter fort.
MASSIV UNTERBEWERTET - NACH HEUTIGER MELDUNG EIN ABSOLUTES MUSS FÜRS
LANGFRISTDEPOT
Allein mit der BIS HEUTE identifizierten Ressource von 6,4 Milliarden
Pfund Kupfer erscheint die Aktie von Norsemont massiv unterbewertet. Und
jetzt deutet sich auch noch eine ERHEBLICHE Vergrößerung der Ressource
an, werden weitere Bohrproben ähnlich gut ausfallen, könnte man sogar
von einer Verdopplung der Ressource ausgehen. Eines steht fest:
Norsemont wird weiter bohren und die Chancen stehen extrem gut, dass wir in
Zukunft ähnliche Resultate sehen werden. Wir sind der festen Überzeugung,
die letzten Stunden unter 5 Euro haben nun für Norsemont begonnen,
daher für uns ein unbedingtes Muss für bullVestoren, die derzeit günstigen
Kurse zu nutzen.
Lesen Sie hier die Meldung:
Norsemont extends mineralization and reports highest grade intercept to
date at San Jose zone, Constancia project
http://biz.yahoo.com/cnw/060117/norsemont_report_find.html?.v=1
-Firma ist erst seit Februar 2005 als company in development stage
-es gibt bisher keine Finacial Reports und keine SEC Filings
-aber erstaunlich viel Pusherei von bekannten Zockern
-und natürlich ist sie in Deutschland notiert ,weil die Deutschen ja bekanntlich sogar auf Goldfirmen fliegen,die noch am Suchen sind und bisher keinerlei Gewinne machten
Und Deine Beleidigungen sind alles andere als sachdienlich zu diesen Thema!
Ein Großinvestor, die Sentient Group, ein Fonds, der unter anderem auch
von der HypoVereinsbank mit getragen wird, investiert 14 Mio. CAD in Norsemont (Preis pro Aktie ist 4 CAD). Auch zu erwähnen ist, dass das Management
selbst ebenfalls noch einmal 2 Mio. CAD drauflegt, so, dass insgesamt 16
Mio. CAD in das Unternehmen fließen.
Press Release Source: Norsemont Mining Inc.
Norsemont Mining increases financing
Wednesday January 18, 8:00 am ET
VANCOUVER, Jan. 18 /CNW/ - Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is very pleased to announce it has secured a non-brokered private placement of $14,000,000 with institutional investor The Sentient Group. The company is concurrently finalizing an additional financing of up to $2,000,000 from insiders, associates and institutional investors.
ADVERTISEMENT
The private placement was first announced in Stockwatch on December 18, 2005. The amended terms are that Norsemont will issue up to 4,000,000 units at a price of $4.00 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share for two years at a price of $4.75 per share. The Warrants will have an "accelerator" provision such that if the closing price of Norsemont's common shares is $6.00 or higher for 10 consecutive trading days at any time after the closing date, Norsemont may, by issuance of a press release and written notice to the holders, give notice of "acceleration" of the warrant expiry date to the day which is 20 calendar days following the date of issuance of the press release.
The Sentient Group of funds will be subscribing for a total of 3,500,000 units of the private placement for a total of $14,000,000. This transaction is expected to close within 3 days subject to final Exchange acceptance.
Norsemont President & CEO, Marc E. Levy said: "We're delighted that a quality investor such as The Sentient Group has recognized the value of our asset at Constancia. Sentient is an exceptional group for us to partner with and they are determined to see our Constancia project move towards production. This is a considerable milestone for Norsemont to have achieved in less than twelve months since optioning the Constancia property from Rio Tinto. We are proud to attract such an outstanding financial partner to help in developing a first-class project such as Constancia. The Sentient Group has a long term approach to investing, is actively involved and able to provide strategic and long term planning advice. Their extensive experience in mining will provide Norsemont with additional resources to ensure our success."
Norsemont is pleased to have attracted multiple suitors who were prepared to fund the company. After completing a detailed review of the two main offers the board decided to accept a significantly larger offer at a marginally reduced price so that it will have sufficient funds to ensure the execution of its plans for Constancia and Amata. Although the placement with Sentient Group was discounted slightly when compared to the other offer, yet still above the existing market, the Board decided to go with Sentient for a number of reasons, including a 40% increase in the size of the offer, a reduction to a 1/2 warrant, an expedient closing and their long term strategic approach.
The financing proceeds will be used to fund the company's anticipated work programs on the Constancia project and Amata project, for investigation of asset acquisition activities and general working capital. A finder's fee will be payable on all or a portion of the private placement according to the TSX Venture Exchange policies including a fee payable to Allied Capital Corporation.
Securities issued pursuant to the private placement will be subject to a four-month hold. The private placement is subject to acceptance for filing by the TSX Venture Exchange.
As well, Norsemont Mining Inc. has granted 400,000 incentive stock options to certain employees, directors and consultants, exercisable at $4.00 per share. The options are exercisable for a period of five years from the date of grant in accordance with the terms of the company's plan. The grant is subject to the policies of the TSX Venture Exchange.
The Sentient Global Resources Fund is a 10-year closed-end private equity fund based in the Cayman Islands, investing principally in the development of natural resource based projects. The Fund consists of a Limited Partnership and a parallel Australian Trust, which invest pro-rata in the Fund's investments.
The Fund's sponsors are CDP Capital, Babcock & Brown and HypoVereinsbank. The Fund's investors range from government pension plans, corporate pension funds, institutional investors and industry participants. The global spread of investors from the USA, Canada, Germany and Australia complements its global mandate. For more information visit their web site at www.thesentientgroup.com
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.
For further information
Contact: (604) 669-9788