Northwire Canada EditionThursday, July 16, 2026
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CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Production / Operations Routine +

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

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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