Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Production / Operations

Norsemont Resumes Phase Three Drill Program at Choquelimpie

Norsemont Resumes Drilling as Phase 4 Budget Signals Continued Capital Deployment

By The Northwire Desk — AI Analysis Apr 15, 2026 · 09:00 NOM · 1.42 Norsemont Mining Inc.
Executive Summary
  • Norsemont Mining has resumed its Phase Three exploration drilling program at the Choquelimpie project in northern Chile following weather-related delays.
  • The current Phase 3 scope includes up to 13 diamond drill holes totaling approximately 3,300 meters, with a total target of 5,000 meters (1,700 meters completed in 2025).
  • Management has budgeted for a significant Phase 4 drill program in 2026 consisting of up to 13,000 meters.
  • Drilling targets higher-grade mineralization at depth in zones including Choque, Vizcacha, and Suri, testing extensions below the existing mineral resource envelope.
  • Contractor DV Drilling Ltd. has been engaged for the program.
  • The project features an indicated mineral resource estimate of 1,731,000 gold ounces and 33,233,000 silver ounces.
Material Impact
  • The news is Routine - Positive as it confirms execution of previously announced plans rather than introducing new material data like assay results or a resource update.
  • Phase 4 budgeting indicates management confidence in the project's potential but does not guarantee immediate valuation uplift without assay confirmation.
  • Previous February drill results (NewsId 91394) showing >1g/t Au intercepts were Material - Positive; this April update is an operational follow-up to that momentum.
  • The resumption after weather delays was anticipated given the February news regarding "Altiplano Winter" impacts, reducing surprise factor for investors.
  • No new financing or strategic investor announcements are included in this release, limiting immediate capital impact assessment.
NOM · Price
Company Overview
  • Norsemont Mining Inc. is a gold-silver-copper exploration company focused on the Choquelimpie project in northern Chile.
  • The project is 100% owned by the company.
  • Flagship Project: Choquelimpie features an indicated mineral resource of 1,731,000 gold ounces and 33,233,000 silver ounces (April 2025 estimate).
  • Development Strategy involves processing existing oxide stockpiles for early cash flow while expanding the sulfide resource through drilling.
  • Management team includes CEO Marc Levy, new CFO Charles Ross, and Chief Geologist David Flint appointed in late 2025/early 2026.
Read the original news release →

More from Norsemont Mining Inc.

Jun 05, 2026 · 09:00

Norsemont's Choquelimpie Phase 3 Drilling Confirms Higher-Grade Sulfide Extensions, But Capital Burn and Going Concern Risks Loom

Drill Results Apr 24, 2026 · 09:00

Choquelimpie Drill Results Confirm Base Metal Potential Amidst Re-Assay Uncertainty

Drill Results Feb 24, 2026 · 09:00

Norsemont Drills 94 meters at 1.26 g/t Au and 109 meters at 1.09 g/t Au Both Holes Starting at Surface

Drill Results Feb 20, 2026 · 05:17

Norsemont Drilling Program Update at Choquelimpie

Drill Results Feb 20, 2026 · 03:52

Norsemont completes drill holes, may resume in April

Drill Results Feb 19, 2026 · 09:00

Norsemont Drilling Program Update at Choquelimpie

Drill Results