In this video, Norsemont Mining (CSE NOM / WKN A2DN0Z) explains the latest developments at the Choquelimpie project in northern Chile. CEO Marc Levy highlights the advantages of the existing infrastructure—including a 3,000 t/day mill, camp, workforce, power and water supply, and year-round road access—which enable accelerated production readiness. The updated NI 43-101 resource estimate (April 2025) includes 2.18 million ounces of gold equivalent (indicated) and 557 thousand ounces (inferred).
The exploration program is also discussed: the Phase 3 drilling campaign, with up to 5,000 m of diamond drilling, targets high-grade breccia zones and potential copper-gold porphyry structures at depth. The first seven holes (1,650 m) have been completed; results are partially available, with further results expected during the current quarter. Drilling is scheduled to resume in April 2026.
Finally, the financing situation is outlined: in December 2025, approximately USD 15 million was raised from strategic investors to fund drilling, metallurgy, and studies. This underscores the confidence of renowned investors in the project and provides a solid basis for the next development steps.
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