Northwire Canada EditionSaturday, November 14, 2026
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Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1%
Drill Results

First Drill Hole Commenced and Second Drill Rig has Arrived at Choquelimpie Project

By The Northwire Desk — AI Analysis Nov 20, 2025 · 09:01 NOM · 0.82 Norsemont Mining Inc.
NOM · Price

Executive Summary

  • Norsemont Mining announced the collaring of the first diamond drill hole (MV25‑DD01) for its Phase 3 program at the 100 % owned Choquelimpie gold‑silver‑copper project in northern Chile.
  • The hole targets higher‑grade gold mineralization within the Vizcacha hydrothermal breccia and is designed to test depth extensions below the April 2025 resource model.
  • Phase 3 will comprise up to 5,000 m of drilling (≈20 holes) using two rigs, with work scheduled through late December 2025; assay results are pending.

Key Details

  • Hole MV25‑DD01 – collared at E473,285 / N7,975,980, elevation 4,694 m; azimuth 275°, inclination 70°, target depth 225 m.
  • Program Scope – up to 5,000 m total drilling, ≈20 holes averaging 250 m each, employing a Longyear LF230 truck‑mounted rig on a 24‑hour schedule.
  • Objective – evaluate down‑dip extensions of high‑grade gold zones within the Vizcacha hydrothermal breccia, beneath grades modeled in April 2025 resource estimate.
  • Contractor – DV Drilling Ltd. (Coquimbo, Chile) engaged by wholly‑owned subsidiary SCM Vilacollo to execute drilling.
  • Assay Laboratory – core samples to be analyzed at Activation Geological Services SpA (ISO 17025 certified).
  • Management Comment – CEO Marc Levy highlighted the “significant potential for higher‑grade gold zones at depth” and noted an upcoming update on the 3,000 TPD plant engineering report and near‑term production strategy.
  • Qualified Person – David Flint, MSc, AIPG‑CPG, Chief Geologist, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“We are very excited to collar the 1st hole of the Phase 3 drilling program at Choquelimpie… this potential high impact hole will test previously indicated higher grade mineralization hosted in the Vizcacha hydrothermal breccia.” – Marc Levy, CEO & Chairman

Materiality Assessment: Non‑Material – Positive (operational update with no immediate financial impact; provides forward‑looking information on exploration potential).

Read the original news release →

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