Dadurch dürften mittelfristig keine Liquiditätsprobleme auftauchen.  
Die Bewertung von ca. 80 Mio C$ ist auch noch im Rahmen.
Da gibt es einige Unternehmen mit weitaus weniger Potenzial, die viel höher bewertet sind.

Mein Fazit lautet kaufen! Für mich ein klarer Kauf...

Unternehmen: Norsemont Mining Inc.


Überblick:                                                                                    

Kategorie:                               Explorer
Aktienkurs:                             3.35 C$ (1.3.06)        
Heimatbörse:                          TSXV 
Kürzel:                                   NOM
WKN:                                  A0DQKK
52-Wochen-Hoch/Tief:         0.70 / 6.65 C$
Aktienanzahl in Mio.             24,4
Marktkap. (Mio. CAD):      ca.81,74
Cash:                                  13,5 Mio $
Abbauland:                          Peru
Rohstoffart:                          Kupfer, Molybdenum, Gold, Silber
Internetadresse:                    http://www.norsemont.com/investors.php


Management Team

Marc Levy, President & CEO, Director
Mr. Levy has over 15 years of management and leadership experience in business. His dynamic personality, excellent communication skills and vision have contributed to his strong track record of success. He has held numerous management and senior management positions with both private and public companies. Most recently he was Director of Sales for IP Applications Corp. where he was responsible for increasing sales by over 500% and securing many of their largest contracts. Previously, he was Director of Sales at Look Communications (previously ID Internet Direct), where he oversaw the various sales channels. Joining Look when it had a market capitalization of approximately $20-million, he helped grow the company to a $1.5-billion market capitalization. As well, Mr. Levy has served as VP of Sales and Marketing for GAON Technologies BC and previously served as General Manager of a retail chain of computer stores.

 

Tony Ricci, (CA), CFO
Mr. Ricci is a chartered accountant with over 18 years of practice experience, mainly with public companies listed on Canadian and U.S. stock exchanges. His expertise involves auditing and corporate structure advice, including the structuring of subsidiaries in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Latin America. Mr. Ricci currently is the principal of Pacifica-Tech Capital and has his own accounting practice, primarily servicing public companies. Previously, he had worked as a manager with Amec Inc. (formerly H.A. Simons Ltd.) and KPMG as a senior accountant. He has also acted as a director of TSX Venture Exchange listed companies. The addition of Mr. Ricci to the team will provide Norsemont with extensive experience in the areas of Corporate Finance, acquisitions, financial reporting, corporate governance and accounting.

 

Art C. Freeze (P.Geo), Director
Mr. Freeze has over 35 years of experience as an exploration and production geologist. Mr. Freeze has extensive experience in mining development programs and evaluating projects for both major and junior resource companies. He has held consulting, supervising and managing positions with major and junior mining companies including; Cominco Ltd., Pasminco Exploration, Echo Bay Mines and the Pan American Silver Corporation. Geographically, he has extensive experience in Chile, Peru, Bolivia, Argentina, Mexico, the former Soviet Republics, the USA and Canada. Currently, he is the President of Stillwater Enterprises and most notably the primary Consulting Geologist for GoldCorp Inc.

 

Projects:

Constancia Project, Cuzco Peru (51%, max 70%;min 34%)

Kurzbeschreibung

• 70% option from Rio Tinto
• 5146 Ha property
• 6 billion lbs geological potential(geschätzt, noch nichts nachgewiesen) for copper,
   significant credits of molybdenum and gold

•Large Copper-Gold-Moly Porphyry/Skarn

•Un-audited resource estimate of 608 million tonnes grading 0.48% Cu, 0.05g/t Au,
               0.014% Mo, 3.4g/t Ag (0.3% Cu Cut-off)*

•Including 189 million tonnes 0.68% Cu, 0.05g/t Au, 0.021% Mo, 3.4 g/t Ag (0.5% Cut-off)

•Higher-grade Chalcocite Enrichment, and skarn zones•Excellent Access (Roads, Rail)

•Property-wide exploration targets Constancia

•Sparse vegetation, moderate relief

•Multiple access roads

•40 km from railway

•Year-round flowing streams nearby Project

The project is an enormous multi-billion pound copper target (along with credits of gold, silver and molybdenum) located 600 km southeast of Lima, Peru. Rio Tinto had joint ventured with Mistui to explore the property, but had judged the estimates to fall short of their objectives and were giving it a pass. Our geologists thought differently.

Rio Tinto worked on the Constancia Copper-Gold-Moly Project in 2004 under a Joint Venture with Mitsui. Previous drilling by Mitsui and Minera Livitaca/Minera Katanga included 48 drill holes (approximately 5,430-metres). Rio Tinto has completed 24 drill holes (7,843.9 metres), IP, ground magnetics, limited metallurgical test work and detailed geological mapping over the area. The recent drilling has broadly defined a large copper porphyry system with a shallow chalcocite enrichment zone, hypogene chalcopyrite and copper skarn mineralization. Best drill results include 168m @ 1.14% Cu, 0.11g/t Au, 8g/t Ag, 138ppm Mo, mostly as chalcocite enrichment. An aggressive exploration program is currently underway.

 

Entwicklungsstatus

•Local small scale copper-skarn mining from 1800’s to 1992

•1980’s: Mitsui -48 ddh

•1995: Mitsui –widespread Cu enrichment discovered

•2003: Consolidation of land by Rio Tinto (RTZ)

•2004: RTZ –24 ddh (7,844m)•2005: NOM options RTZ’s interestProject

•Disseminated Porphyry and skarn styles

•Hypogene ‘A-veinlet’cpy-py-mbd to 480m

•Py/cpy 1:1 to 2:1

•Massive sulphide skarn py-sph-gal-cpy-mbd•Supergene chalcocite to 260m, partial to 316m

•Leach cap to 100mGeology

 

 

2005 Norsemont Drilling Highlights Projects Constancia

Hole-id          Int.(m)            Cu(%)                        Au(g/t)           Ag(g/t)           Mo(%)            CuEQ           
C0-05-02       16.55              2.07                0.184              2.5                  0.010              2.26               
C0-05-05       110                 0.87                0.036              4.2                  0.011              1.00               
C0-05-06       58                   1.44                0.161              5.2                  0.008              1.73
C0-05-07       30                   1.08                0.085              3.8                  0.033              1.36
C0-05-10       166                 0.59                0.086              3.9                  0.011              0.74
C0-05-11       196                 0.88                0.072              6.8                  0.019              1.10
C0-05-13       164                 0.94                0.15                4.8                  0.009              1.13
C0-05-14       301                 0.77                0.056              4.5                  0.002              0.86
incl.                 62.6                1.26                0.038              4.5                  0.005              1.36
CO-05-16      118                 0.81               0.041              5.73                0.19                1.00

CO-05-18      118                 0.83                0.137              4.48                0.008              1.00

C0-05-20       50                   0.94                0.025              4.10                0.020              1.11
C0-05-21       40                   0.87                0.035              5.01                0.014              1.02

C0-05-25       58                   0.83                0.040              4.08                0.005              0.92

C0-05-27       118                 0.74                0.059              4.97                0.041              1.07

C0-05-28       22                   2.02                0.198              17.18              0.031              2.49

C0-05-29       58                   0.88                0.052              4.23                0.011              1.02

And                 120                 0.66                0.052              3.54                0.021              0.85

C0-05-32       166                 0.83                0.010              4.99                0.014              0.97

incl.                 8                     2.32                0.009              5.90                0.002              2.39

CO-05-34      62                   1.45                0.160              8.24                0.009              1.68

CO-05-35      181                 0,58                0,068              3.48                0.038              0.88

        

Projektanteile

The Company can acquire up to 70% of the Constancia Property, subject to approval of the TSX Ventureexchange. This includes an initial option to acquire an undivided 51% interest in the Constancia project bymaking property payments of U.S. $5,000,000, completing work expenditures of U.S. $7,800,000 andissuing 1,250,000 common shares of the Company (or cash in lieu of shares) over a period of nearly fiveyears, ending October 31, 2009. Upon exercise of the initial option, Rio Tinto has the right to claw back anundivided 17% interest, provided global reserve estimates contained in the property are not less than four

million tonnes of copper or better (i.e. 8.8 billion lbs. of Cu). If Rio Tinto does not exercise its claw back,the Company may acquire an additional 9% interest for U.S. $3,750,000 or an additional 19% interest forU.S. $8,000,000. An initial option payment of $ 100,000 USD has been paid to Rio Tinto on March 23,2005. A finder's fee was paid in connection with this transaction. On March 14, 2005 Tessa Consultants were contracted to complete a 43-101 Qualifying Report, which is available at www.sedar.com. TheCompany received approval for the transaction from the TSX-Venture Exchange on May 16, 2005.

 

The cash payment, share issuance and work expenditure schedule is as follows:

 

Option Exercise Schedule      IssueShares     MakeUS$         ExplorationExpenditures US $
On signing of LOI                                                              -              $10,000 (1)                         -

45 days following LOI                                       -               $90,000(1)                          -

April 20, 2005                                                     -               $150,000(1)                        -

June 30, 2005                                     250,000(2)                    -                                    -

October 20, 2005                                                               -               $200,000(1)                        $500,000

April 20, 2006                                                     -               $250,000                             $500,000

June 30, 2006                                    250,000                        -                                      -

October 20, 2006                                                               -               $300,000                             $500,000

April 20, 2007                                                     -              $400,000                             -

June 30, 2007                                      250,000                                     -                                        -

October 20, 2007                                                               -              $500,000                             $1,300,000

April 30, 2008                                                     -              $500,000                             $1,000,000

June 30, 2008                                      250,000                      -                                         -

October 31, 2008                                                               -               $750,000                             $1,500,000

October 20, 2009                                250,000                               $1,850,000                         $2,500,000
Total                                                     1,250,000             $5,000,000                          $7,800,000

 

(1) Amounts paid

(2) Shares issued on July 12, 2005

 

Produktionsbeginn

                   Geschätzt von mir 2008

 

Infrastrucktur:
 Strasse/Bahn:           (mir) unbekannt
  Strom:                      (mir) unbekannt

 

Amata property, Peru (100%)

Kurzbeschreibung

•10,300 hectares Silver-Gold-Copper high sulphidation epithermal system

•Located 50 kilometers North East of Arequipa

•15 drill holes completed by RTZ for a total of 6,150m

•Norsemont believes there is potential to expand the zones of mineralization and identify additional
              zones of   high-grade precious metals in the epithermal lithocap or copper in the underlying porphyry.

 

After a successful partnership through the Con-stancia project, Rio Tinto was confident enough with our geological expertise and business acumen to allow us to acquire 100% of the Amata Project, a major high grade silver-gold-copper property in southern Peru. In fact, Amata is an immense series of thirteen mineral properties spanning 10,300 hectares. Our ability to pinpoint likely high grade targets and mobilize quickly to get drilling underway has gone a long way in putting us at the forefront of reviewing world-class opportunities. Acquiring control of this project from one of the world?s largest mining companies is another example of the industry?s respect for our know-how and determination.

The Amata Project is located 50km northeast of Arequipa city in the Coalaque district in the department of Moquegua, Peru. It is located at UTM coordinates 278000mE 8169000mN (Zone 19 S, datum WGS 84). The project area contains the Amata high sulphidation epithermal system and associated porphyries located between 3900m - 4700m altitude in the Cordillera of southern Peru.

 

Entwicklungsstatus

In 2001, Rio Tinto Exploration (RTE) secured 100% mineral rights over the prospect area which totalled 10,300 hectares and commenced exploration in the same year. Detailed geological mapping, systematic rock chip sampling and ground magnetics identified a large 10 x 4 km area of high sulphidation epithermal alteration with underlying porphyry type intrusives. A total of 2272 rock, 19 stream sediment and 10 rock float samples (excluding quality control samples) were collected in the project area. High Ag, Mo, Cu, Au and Hg values in rock samples helped identify at least six different drill targets (Cerro Amata, Tincacocha, Cayrane, Tacune, Trinchera and Palcamayo). The first round of drilling began in December 2002 with 9 recconaissance diamond holes totalling 3,866m drilled within the six target areas.

After a small CSAMT survey and further geochemistry, a second round of drilling began in September 2003 with 6 holes totalling 2,291m drilled, including 1,512m RC and 779m as diamond tails to these RC holes.

Not all targets have been tested within the prospect area and some of the targets have only been tested with very wide spaced drill holes. There are significant chances of identifying more mineralisation and zones of high grade precious metals in the epithermal lithocap or copper in the underlying porphyry.

 

Drilling Highlights
Of the six targets drilled three (Cerro Amata AM, Tincacocha TQ and Tacune TN) contain
the most encouraging drill results, including:

AM-01 :
317.80m @ 31.7 g/t Ag, 0.11 g/t Au
Includes:
41.95m @ 61.3 g/t Ag, 0.24 g/t Au
48.10m @ 36.2 g/t Ag, 0.28 g/t Au
AM-02 :
100.25m @ 1.11% Cu, 0.16 g/t Au ,19.55 g/t Ag
AM-03 :
2m @ 3.08% Cu, 12.85 g/t Ag
2.35m @ 0.80% Cu, 22.5 g/t Ag
AM-04 :
118m @ 0.11 % Cu, 13.08 g/t Ag
Includes: 4m @ 52.45 g/t Ag
AM-05 :
2m @ 783 g/t Ag, 0.14% Cu
TQ-02 :
25 m @ 2.76 % Cu, 0.43 g/t Au, 49 g/t Ag
TN-03 :
64m @ 0.33 % Cu

Projektanteile

On September 5, 2005, the Company signed a letter agreement with Rio Tinto Mining and Exploration Ltd. Whereby the Company acquired a 100% interest in 13 mineral properties known as the Amata Project in southern Peru plus property studies for a total consideration of US $80,000 which was paid as of June 30, 2005.

Produktionsbeginn

                   Nicht abzusehen

Infrastrucktur:
 Strasse/Bahn:           (mir) unbekannt
  Strom:                      (mir) unbekannt

 

Anzahl Reserver & Ressourcen’
              

Measured und Indicated:          unbekannt
            Inferred:                                  unbekannt

            Noch gibt es keine eigenen Ressourcen oder Reservenschätzungen
            Ich rechne mit ersten Ressourcenschätzungen im zweiten oder dritten Quartal (2006)

Kapitalmaßnahmen (ab 2006)

         Private Placement:  

Datum: 19 Februar 2006
            Einnahmen: 14,4 Mio C$
            Kurs: 4,00
            Stück: 3,500,000 

Warrents: 1,750,000 zu 4,75 C$ innerhalb 2 Jahre
            Bemerkungen:
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=27996&NOTICE_ID=110969&CORRECTION_FLG=N&HC_FLAG1=checked    

 

Options:

Datum: 18 Januar  2006
            ausführbar zu: 4,00
            ausfürbar bis: innerhalb der nächsten 5 Jahre

Stück: 400.000

Bemerkungen: für certain employees, directors and consultants

            http://www.norsemont.com/news.php?id=46&action=fullnews

 

Share Capital

Issued and outstanding:                                    24.4 Mio Shares
Fully Diluted                                                    29.6 Million
Working Capital                                              $ 13.5 Million
Fully Diluted Working Capital                          $ 27.1 Million
Management Position                                      16%
Fully Diluted Management Position                  27%

 

(a) Authorized

Unlimited number common shares without par value (2004: 100,000,000)

(b) Issued and outstanding:

                                                       Price perShare   Number of Shares       Amount          

Balance, June 30, 2005                                                19,120,125                   $ 10,893,340

Issued on exercise of options                 $0.19                36,000                          6,840

Issued on exercise of options                 $0.26                6,500                           1,690

Issued on exercise of warrants               $0.30                307,500                        92,250

Issued on exercise of warrants               $0.35                344,150                        120,463

Issued on exercise of options                 $0.80                5,000                           4,000

Share issuance Constancia                   $0.91                250,000                        227,500

Issued on exercise of options                 $1.00                6,250                           6,250

Issued on exercise of options                 $1.06                12,500                          13,250

Issued on exercise of warrants               $1.10                749,190                        824,109

.

Balance, Dec 31, 2005                                                20,837,215                   $12,189,692

 

Outstanding share purchase warrants at Dec. 31, 2005 were as follows:

 

Geschäftsberichte

             Jahresbericht 2005:
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

           

            Quartalsberichte 2005:
            3rd Quarter 
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

            2rd Quarter 
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

            1st Quarter 
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

 

Ausblick

 

- new resource study and coincident metallurgical studies sollen im ersten Quartal 2006 kommen!
 - in den nächsten Monaten weitere Bohrergebnisse von Constanicia
- plans to perform a trenching and drilling program in the Amata Claim  to assess the  
  property in 2006.

Finanzbedarf

            Durch das letzte private Placement von 14 Mio $ erwarte ich für dieses Jahr mit keiner weiteren
            Maßnahmen.
            Ich rechne mit einen Finanzbedarf von 5-6 Mio $ im Jahr 2006.

 

Shortpositionen

 

Date:15.02.06

NORSEMONT MINING INC ("NOM-V;NOMFF-0")

- Short Positions on 2006/02/15       4,000           0      3.65

 

Net       Total     Last        Total       Price

Date         Change     Shorted    Price       Volume       Range

--------------------------------------------------

2006/02/15            0       4,000     3.65      689,621    3.55 - 4.50

2006/01/31       -3,100       4,000     4.60    1,513,028    3.90 - 4.60

2006/01/15        1,600       7,100     3.85*     782,224    3.64 - 4.00

2005/12/31        1,500       5,500     3.86*   1,348,125    3.35 - 3.98

2005/12/15            0       4,000     3.12      673,971    3.03 - 3.37

2005/11/30       -6,200       4,000     3.08      679,999    3.00 - 3.70

2005/11/15       -2,500      10,200     3.23    1,028,462    3.02 - 3.57

2005/10/31      -38,300      12,700     3.20      839,940    3.20 - 3.93

 

* - Indicates that the closing price used is the last non-zero

closing price and is not the closing price on the report date.

 

 

 

NEWS

 

Norsemont closes private placement with the Sentient Group

Friday January 20, 6:30 am ET

 

VANCOUVER, Jan. 20 /CNW/ - Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is very pleased to announce it has now closed the previously announced private placement with Sentient Group for the sale of 3,500,000 Units of the Company at $4.00 per unit for gross proceeds of $14million. Each unit consists 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 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 and notice.

 

ADVERTISEMENT

           

Norsemont President & CEO, Marc E. Levy said: " We are pleased to have finalized our Private Placement with The Sentient Group. We expect to close on an additional $2,000,000 within the next two weeks. This significant investment in our company reaffirms the value of our properties and their future potential. We look forward to continuing to expand the extent of mineralization, as well as completing a revised, 43-101 compliant resource estimate at our Constancia Copper-Gold-Silver-Moly Property, and to initiate an aggressive exploration program at our Amata gold-silver-copper Property."

 

The financing proceeds will be used to fund through completion a resource estimation at Constancia, to initiate an exploration and drilling program on Amata, and for general working capital.

 

A commission consisting of cash and agents warrants will be paid to Allied Capital Corporation, a limited market dealer. The shares, warrants, agents warrants and any shares issued upon exercise of the warrants and agents warrants, are subject to a hold period expiring May 20, 2006.

 

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.

01/18/06
NORSEMONT MINING INCREASES FINANCING

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.

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 ½ 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

Contact: 604-669-9788

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.

 

 

01/17/06
NORSEMONT EXTENDS MINERALIZATION AND REPORTS HIGHEST GRADE INTERCEPT TO DATE AT SAN JOSE ZONE, CONSTANCIA PROJECT

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% CuEQ1)
• Hole CO-05-34: 62.00 meters of 1.45% Copper (1.68% CuEQ1)
• Hole CO-05-35: 180.90 meters of 0.58% Copper (0.88% CuEQ1)

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
HOLE# INT.(m) Cu% Mo% Au(g/t) Ag (g/t) CuEQ
05-32 166 0.83 .014 .010 4.99 0.97
incl. 8 2.32 .002 .009 5.90 2.39
140 0.80 .015 .008 5.01 0.94
8 0.38 .010 .021 4.38 0.49
10 .48 .011 .026 4.50 0.61
05-34 62 1.45 .009 .160 8.24 1.68
05-35 180 0.58 .038 .068 3.48 0.88
incl. 28 0.55 .013 .038 5.30 0.70
incl. 14 0.66 .013 .081 4.30 0.83
incl. 40 0.55 .020 .140 2.15 0.77
incl. 16 0.60 .071 .087 2.70 1.10
incl. 82 0.59 .054 .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 - 240meters) 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


Phone: 604-669-9788
Fax: 604-669-9768
E-Mail: investors@norsemont.com
www.norsemont.com

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.

 

 

 

 

 

 

12/21/05
STEP OUT DRILLING WITHIN THE SAN JOSE ZONE YIELDS ADDITIONAL MINERALIZATION AT CONSTANCIA PROJECT

STEP OUT DRILLING WITHIN THE SAN JOSE ZONE YIELDS ADDITIONAL MINERALIZATION AT CONSTANCIA PROJECT

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045 ) is pleased to announce that favourable results have been received from the initial three drill holes within the San Jose Zone at the Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Highlights include:
• Hole CO-05-31: 60m of 0.82% Copper (0.97% CuEQ1)
• Hole CO-05-30: 36m of 0.71% Copper (0.88% CuEQ1)
• Hole CO-05-33: 44m of 0.42% Copper (0.60% CuEQ1)

“Norsemont is encouraged by the near-surface mineralization encountered at the San Jose Zone” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “The zone is wide open along strike, and is likely the faulted extension of the Constancia Zone located to the east. The recently announced financing will allow for an extensive drill program at Constancia in 2006.”

TABLE 1 SAN JOSE ZONE COPPER INTERSECTIONS AT CONSTANCIA PROJECT
HOLE INT.(m) Cu% Mo% Au(g/t) Ag(g/t) CuEQ1
05-30 36.0 .71 .004 .190 3.65 0.88
05-31 60.0 .82 .012 .078 3.65 0.97
05-33 44.0 .42 .012 .107 4.82 0.60

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 prospect is believed to be the faulted extension of the main Constancia Zone to the east. Historical work at the San Jose Zone in the 1990’s, included mapping, surface sampling and diamond drilling. This work was performed by Mitsui Mining, who were operating the nearby Katanga mine. An unknown amount of high grade copper was extracted from a small open pit, typified by a mixture of chalcopyrite and chalcocite in skarn and mineralized intrusive. The open pit is located in the geographic center of the known limits of the San Jose Zone. Mitsui drilled a series of short reverse circulation drill holes, encountering consistent thicknesses of strong copper mineralization. In 2004, Rio Tinto completed three holes near the open pit. The extent of mineralization at the San Jose Zone is not well understood due to poor exposure, however surface sampling and limited drilling suggest a width of 250 meters in the open pit area. Along strike, the zone is traceable in sparse leached outcrops for a length of nearly one kilometer in total, extending mainly to the north of the open pit.

As part of the current drilling program at Constancia, Norsemont completed five core holes in the San Jose Zone and has received results for the first three holes; CO-05-30, 31, and 33. These holes are oriented along an east-west section line, across the strike of the zone and spaced at 100 meter intervals. CO-05-30 contains an interval of 36 meters (30 m - 66m) of near surface skarn mineralization, averaging 0.71% Cu, 0.004% Mo, 0.19 g/t Au, and 3.65 g/t Ag. CO-05-31, located 100 meters to the west of CO-05-30, contains an interval of 60 meters (12 m - 72 m) of near surface mixed skarn chalcopyrite and chalcocite mineralization in intensely phyllic altered and brecciated monzonite averaging 0.82% Cu, 0.012% Mo, 0.078 g/t Au, and 3.65 g/t Ag. CO-05-33, located 100 meters to the west of CO-05-31, encountered 44 meters (84 m - 128 m) of mixed chalcopyrite and chalcocite in both skarn and monzonite, averaging 0.42% Cu, 0 .012% Mo, 0.107 g/t Au and 4.82 g/t Ag. The grades and thicknesses at the San Jose Zone encountered to-date are consistent with mineralization encountered at the north end of the offset Constancia Zone.

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 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, Ag project, and commencing exploration at the Amata Ag-Au, Cu property acquired from Rio Tinto.


Marc E. Levy
Director & President


Phone: 604-669-9788
Fax: 604-669-9768
E-Mail: investors@norsemont.com
www.norsemont.com

12/20/05
NORSEMONT INTERSECTS BEST GRADES YET ENCOUNTERED AT CONSTANCIA

NORSEMONT INTERSECTS BEST GRADES YET ENCOUNTERED AT CONSTANCIA

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045 ) is pleased to announce that assay results for an additional four holes have been received from its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Highlights include:
• Hole CO-05-27: 118m of 0.74% Copper (1.07% CuEQ1)
• Hole CO-05-28: 22m of 2.02% Copper (2.49% CuEQ1)
• Hole CO-05-29: 58m of 0.88% Copper (1.02% CuEQ1)

“The southern portion of the main Constancia Zone exhibits near-surface, excellent copper, silver and molybdenum grades over wide intervals.” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “Hole CO-05-28 encountered 22 meters of 2.02% Cu, 0.03% Mo, 198 ppb Au and 17.18 g/t Ag, the highest grades yet encountered on the project”. Future drilling will continue to step-out from this recent drilling to expand the deposit along strike.

TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT


Hole# INT.(m) Cu% Mo% Au(g/t) Ag(g/t) CuEQ1
05-26 No Significant Assays
05-27 118.00 0.74 .041 .059 4.97 1.07
incl. 54.00 1.05 .031 .084 6.07 1.35
05-28 22.00 2.02 .031 .198 17.18 2.49
05-29 58.00 0.88 .011 .052 4.23 1.02
and 120.00 0.66 .021 .052 3.54 0.85

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).


Results to-date in the Constancia Zone have identified two distinct corridors east-west trending structural corridors of high-grade mineralization within the extent of the open-ended mineralizing system. Additionally, excellent continuity of near-surface supergene-enriched copper mineralization at Constancia is unique for porphyry and skarn deposits in southern Peru, amenable to low-cost heap leach recoveries. Norsemont is initiating metallurgical testwork on samples representative of supergene material, as well as primary mineralization.





Norsemont’s ongoing drilling at the Constancia Zone is testing the northern and southern portions of known mineralization. Holes CO-05-27, 28 and 29 are located in the southern half of the Constancia Zone, and were drilled at the limits of known mineralization. CO-05-27 and 29 were drilled from the same platform and directed to the south at -60 and -80 degrees respectively. Strong chalcocite was encountered in both drill holes over significant core lengths, suggesting that the mineralizing system remains open. Hole CO-05-28, a 100 meter step-out hole in the south-central portion of the zone encountered strong mineralization, and suggests that the zone remains open to the south. Hole CO-05-26 was collared in the extreme northeast corner of the deposit, and did not encounter significant mineralization.

Norsemont’s expanded program has completed over 9,000 meters of core drilling on the property to-date, with current drilling testing the San Jose Zone, located west of the main Constancia Zone. Management is encouraged by the results received to-date, suggesting that the deposit has excellent continuity of near-surface mineralization, and remains open to expansion in multiple directions and at depth. Norsemont expects to release additional assay results from the initial holes from the San Jose Zone shortly.

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 is available 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

 

 

12/19/05
NORSEMONT MINING ARRANGES CDN$10,000,000 FINANCING

Siehe Meldung von 20.1.06!!

Norsemont Mining Arranges CDN$10,000,000 Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 18, 2005) - Norsemont Mining Inc. ("Norsemont") (TSX VENTURE:NOM)(OTCBB:NOMFF)(FWB:N8S)(WKN:A0DQKK)(ISIN:CA6565291045)­ is pleased to announce it has arranged a non-brokered private placement of up to $10,012,500. Norsemont will issue up to 2,225,000 units at a price of $4.50 per unit. Each unit will consist of one common share and one common share purchase warrant whereby each whole warrant will be exercisable into one common share for two years from the date of closing at a price of $5.00 per share. The Warrant 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, the Issuer may, by issuance of a press release, 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 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.

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.

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.

We seek Safe Harbor.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

CONTACT INFORMATION
Norsemont Mining Inc.

Aly B. Mawji
Director
(604) 669-9788
(604) 669-9768 (FAX)

 

 

12/14/05
NORSEMONT CONSTANCIA ZONE EXPANDED TO THE NORTH

NORSEMONT CONSTANCIA ZONE EXPANDED TO THE NORTH

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is pleased to announce that assay results for an additional seven holes have been received from its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Highlights include:
• Hole CO-05-20: 50m of 0.94% Copper (1.11% CuEQ1)
• Hole CO-05-21: 40m of 0.87% Copper (1.02% CuEQ1)
• Hole CO-05-25: 58m of 0.81% Copper (0.92% CuEQ1)

“These recent results continue to infill and expand the northern portion of the main Constancia Zone,” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “hole C-05-39 is currently in progress testing the San Jose Zone located northwest of Constancia. Results from the southern portion of the Constancia Zone are to be announced shortly.”

TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT

Drill
HOLE# INT.(m)Cu(%) Mo Au Ag (%)CuEQ1
CO-05-19 No Significant Assays
CO-05-20 50.40 .94 .020 .025 4.10 1.11
CO-05-21 40.00 .87 .014 .035 5.01 1.02
CO-05-22 52.00 .41 .005 .053 10.0 0.56
CO-05-23 24.00 .55 .005 .035 6.62 0.66
CO-05-24 50.00 .55 .021 .034 6.60 0.76
CO-05-25 58.35 .83 .005 .040 4.08 0.92

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).

Norsemont’s ongoing drilling at the Constancia Zone is testing the northern and southern portions of known mineralization. Holes C-05-20 to 25 are located in the north part of the Zone, spaced on 100 meter centers with the objective to establish continuity of grade, as well as to expand mineralization along strike and at depth. These results suggest excellent continuity of supergene and hypogene copper mineralization, underneath a leached cap and results will be incorporated into a near-surface resource estimate for the Constancia Zone. Hole C-05-19 was drilled at the southwest corner of the Zone and encountered low grades, where interfingering of excellent and low copper grades define the margin of the deposit. Norsemont expects to release additional assay results from the southern portion of the Constancia Zone, as well as the initial holes from the San Jose Zone in the near future. Based on previously released results, the southern portion of the Constancia Zone exhibits the strongest copper mineralization over the widest intervals. Due to excessive workload at the analytical labs, assay results have been taking longer than expected.

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 collar locations is available on the Norsemont 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

 

 

11/24/05
NORSEMONT UPDATES GOLD AND SILVER VALUES FROM CONSTANCIA

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that complete assay results have been received complementing the previously released copper and molybdenum values from the initial 12 diamond drill holes at its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru. Complete assay results for holes 13 thru 18 were previously announced on November 9, 2005.

“The Company is pleased to release the complete assay results as well as the copper equivalent values” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “The complete assays suggest economically significant quantities of gold and silver at Constancia, in addition to the previously released copper and molybdenum values. Of particular interest are the consistently high silver values. We are continuing with our aggressive drill program to infill and expand the limits of known mineralization and will release results from additional holes in the near future. ”

To date the Company has completed approximately 33 diamond drill holes in the 2005 program including 3 holes in the San Jose zone. Assay results on holes 19 to 33 will be announced as they are made available to the Company.

Hole#INT.(m)Cu% Mo% Au (g/t) Ag (g/t)CuEQ%
CO05-01 54 0.79 0.002 0.065 3.9 0.88
CO05-02 16 2.07 0.010 0.184 2.5 2.26
52 0.68 0.007 0.038 2.2 0.76
CO05-03 7 0.81 0.002 0.024 3.5 0.87
27 0.63 0.003 0.039 4.3 0.71
CO05-04 16 0.47 0.006 0.013 3.8 0.55

CO05-04 97 0.61 0.008 0.018 6.9 0.73
Incl. 68 0.73 0.009 0.015 3.4 0.82
CO05-05 12 0.55 0.001 0.054 3.4 0.62
Incl. 110 0.87 0.011 0.036 4.2 1.00
72 1.1 0.012 0.038 5.1 1.24
CO05-06 12 0.67 0.029 0.02 3.7 0.89
58 1.44 0.008 0.16 15.2 1.73 CO05-07 30 0.73 0.004 0.022 2.7 0.79
30 1.08 0.033 0.085 3.8 1.36
24 0.46 0.006 0.043 1.9 0.54 CO05-08 50 0.57 0.003 0.024 7.3 0.67
CO05-09 66 0.43 0.002 0.014 2 0.47
CO05-10 166 0.59 0.011 0.086 3.9 0.74
Incl. 114 0.69 0.014 0.115 4 0.88 CO05-11 196 0.88 0.019 0.072 6.8 1.10
Incl. 48 1.7 0.020 0.091 5.5 1.93
CO05-12 47 0.87 0.001 0.461 6.4 1.21
190 0.53 0.015 0.039 5.2 0.69

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 Cu% + (Au gram per tonne times 12.86/22.05) plus (Mo percent times132.28/22.05) plus (Ag gram per tonne times *0.21/22.05).

Hole Locations are as follows:
Hole # East North Azimuth ANGLE
CO05-012 02100E 8300400N 0 -90
CO-05-02 202000E 8400000N 0 -90
CO-05-03 202000E 8399900N 0 -90
CO-05-04 202000E 8399800N 0 -90
CO-05-05 202000E 8399700N 0 -90
CO-05-06 201900E 8399700N 0 -90
CO-05-07 201900E 8339800N 0 -90
CO-05-08 201900E 8339900N 0 -90
CO-05-09 201900E 8400000N 0 -90
CO-05-10 202100E 8339900N 180 -80
CO-05-11 202100E 8399900N 225 -80
CO-05-12 202200E 8399900N 20 -80

Drilling cross-sections and plan view are available at www.Norsemont.com

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.

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.

Robert Mcleod, P. Geo., Advisory Board member of Norsemont and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.



Marc E. Levy
Director & President

 

 

11/10/05
NORSEMONT CONSTANCIA PROJECT YIELDS ITS WIDEST EVER INTERSECTION WITH 301 METERS 0.77% CU (INCLUDING 62.6M 1.26% CU) (PHOTOS)

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that assay results for an additional six holes have been received from its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Photos of the Constancia project are available at:

http://www.norsemont.com/properties.php?page=constancia&subpage=photos


Highlights include:
Hole CO-05-13: 164m of 0.94% Copper
(1.13% CuEQ1)
Hole CO-05-14: 301m of 0.77% Copper
(0.86% CuEQ1)
Hole CO-05-16: 118m of 0.81% Copper
(1.00% CuEQ1)
Hole CO-05-18: 118m of 0.83% Copper
(1.00% CuEQ1)

“In addition to exceptional grades, these results include our widest interval of mineralization yet encountered at Constancia.” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “Hole CO-05-14 encountered over 300 meters of 0.86% copper equivalent (CuEQ1), including 0.77% Cu, 4.5 g/t Ag, 0.056 g/t Au and 0.002% Mo. We are continuing with our aggressive drill program to infill and expand the limits of known mineralization.”

TABLE 1
COPPER INTERSECTIONS AT CONSTANCIA PROJECT

Hole# From(m) To(m) INT.(m) Cu (%)CuEQ1

CO-05-13 92.00 256.00 164 0.94 1.13
Incl. 212.00 250.00 38 1.42 1.52
CO-05-14 22.00 323.00 301 0.77 0.86
Incl. 109.40 172.00 62.6 1.26 1.36

CO-05-15 4.00 22.00 18 0.49 0.71
Incl. 48.00 66.00 18 0.54 0.79

CO-05-16 25.65 60.00 34.35 1.01 1.27
Incl. 80.00 136.00 56 0.63 0.86
Incl. 172.00 290.00 118 0.81 1.00

CO-05-17 NO SIGNIFICANT ASSAYS
CO-05-18 22.00 140.00 118 0.83 1.00
Incl. 146.00 156.00 10 1.23 1.34
Incl. 176.90 232.00 55.1 0.93 1.02

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).

TABLE 2 DRILL HOLE COLLAR COORDINATES
Hole # East North Azimuth Dip
CO-05-13 202100E 8400000N 225 -75
CO-05-14 202200E 8399900N 160 -80
CO-05-15 201800E 8399700N 45 -80
CO-05-16 201800E 8399800N 100 -80
CO-05-17 202300E 8400000N 300 -75
CO-05-18 202100E 8399900N 315 -60

Recent drilling has encountered blind copper-molybdenum mineralization beneath the skarn and marble on the south end of the Constancia Zone. Drill holes CO-05-12, 14, 16, and 18 encountered excellent secondary chalcocite mineralization, as well as primary chalcopyrite, and occasionally primary bornite in the monzonite directly beneath the cap of skarn. Grades above 1% copper are common in the secondarily-enriched zones directly beneath skarn. More importantly, this Constancia Zone remains open for expansion to the southeast underlying shallow holes completed by previous operators, which were not drilled to sufficient depths to intersect the intensely mineralized skarn/intrusive contact.

Hole C0-05-15 was drilled down or alongside a post-mineral dyke, or possibly a pre-mineral sliver of weakly altered monzonite, with only limited copper mineralization (one 18 meter zone of 0.49% copper and 280 ppm Mo and another 18 meter zone of 0.54% copper and 340 ppm molybdenum). Hole CO-05-17 was drilled in a covered area to the east, but apparently in a lobe of relatively fresh rock between east-west trending extensively mineralized zones.

In addition to ongoing drilling at the Constancia Zone, Norsemont has commenced drilling at the highly prospective San Jose Zone. Drilling will test areas where shallow (<50 meters) drilling by previous operators encountered high grade copper values. The Company will also test prospective leached cap areas in the north San Jose Zone. Assay results on the recently completed holes will be released shortly.

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 Consulting Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map and cross-section with drill hole locations will be available shortly on the Norsemont 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

 

 

11/02/05
NORSEMONT EXPANDS DRILL PROGRAM TO 8,000 METERS AND PLANS DRILLING OF HIGHLY PROSPECTIVE SAN JOSE ZONE

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that the Company has expanded the current drill program at the Constancia project in Peru to 8,000 meters from the current 6,000 meter program. It is anticipated that the additional drilling will be completed prior to the end of 2005.

As part of this expanded program Norsemont has also decided to complete up to 5 holes in the San Jose Zone. The San Jose Zone, as defined by the geological mapping, geochemical sampling and trenching carried out by Norsemont, is approximately one kilometer long in a 350 degree orientation and up to 400 meters in width. The target area is centered on the San Jose Pit, partially mined in the 1990´s by Mitsui. The San Jose Zone may be the offset extension of the Constancia Zone to the east and south, as evidenced from Norsemont geological mapping. Historical shallow drilling by Mitsui intersected locally abundant 1% copper values as chalcocite and mixed chalcocite/chalcopyrite, at less than 50 meters in depth, in the open pit area.

In 2005, Norsemont trenched a copper indicative leached capped showing, approximately 500 meters north of the San Jose Pit along the trend of the San Jose Zone. This target will be one of the areas to be drill-tested.

Marc E. Levy, president and CEO, said: "We are well on our way to establishing a NI 43-101 compliant resource based on the positive results of our current drilling in the Constancia Zone. Our decision to expand the drill program is due to the positive results which continue to exceed our expectations and historical Rio Tinto drilling. We are excited about establishing a drill program in the highly prospective San Jose Zone which has the potential to add significant tonnage to the known copper mineralization at Constancia.”

To date, Norsemont has drilled 26 holes within the Constancia zone. Assay results on the recently completed holes are expected shortly.

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. Dr. Henricksen has reviewed and approved information contained in this news release.


Marc E. Levy
Director & President

 

 

10/12/05
NORSEMONT CONTINUES TO INTERSECT HIGH GRADE INTERCEPTS INCLUDING 196M OF 0.88% CU (INCLUDING 48M 1.70% CU) AT CONSTANCIA PROJECT

VANCOUVER, Oct. 12, 2005 (Canada NewsWire via COMTEX) --

Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that the Company continues to intersect significant copper mineralization in all 12 diamond drill holes at its Constancia Project in southern Peru.

The assay results from the two core drilling rigs currently working the project continue to confirm, and locally exceed, the results of the widely spaced drilling previously completed by Mitsui and Rio Tinto. Rio Tinto previously reported a historical unclassified resource in the Constancia porphyry copper system of 189 million tons of 0.68%t copper (0.5% copper cut-off) and 0.021% molybdenum, based on drilling in both the Constancia and San Jose zones. This resource estimate is historical in nature, has not been verified by our Qualified Person and therefore should not be relied upon.

Highlights include: - Hole CO-05-11: 196m of 0.88% Copper including 48m of 1.70% Copper - Hole CO-05-10: 166m of 0.59% Copper including 114m of 0.69% Copper - Hole CO-05-12: 47.25m of 0.87% Copper and 190m of 0.53% Copper

"The Company is very excited about these positive results which continue to exceed our expectations at Constancia" said Marc E. Levy, President and CEO of Norsemont Mining Inc., "Our current drilling confirms the historical Rio Tinto drilling and continues to exceed historical results in several areas. We continue to drill in the main Constancia zone with the goal to produce a new 43-101 compliant resource. Furthermore we look forward to the commencement of drilling in the highly prospective San Jose zone as well as at the newly acquired Amata project."

The 2005 exploration program to-date has concentrated on infill drilling at the Constancia zone, with the objective of completing a revised 43-101 compliant resource estimate of copper mineralization. Additional drilling this fall will target in the San Jose zone located west of the Constancia zone, where multiple shallow drill intercepts averaging over 1% Cu were completed by previous operators. A new trench excavated in early October located 500 meters north of the old San Jose pit encountered strong hematite oxidation with minor copper oxides, in a strongly altered porphyry. This suggests excellent potential for a significant new occurrence of chalcocite mineralization at depth in the San Jose North area below the leach cap.

The following table is a summary of the 2005 drilling program showing the significant intercepts with assays received to date from ALS Chemex in Lima. The drill hole locations are plotted a map which is available on the Company's web site. This map shows the near surface projection of greater than 0.5% copper, as determined from previous drilling, surface sampling, and the Norsemont's 2005 drilling:

    <<
    TABLE 1 BEST COPPER INTERSECTIONS AT CONSTANCIA PROJECT

    Drill     AZIMUTH   ANGLE   From   To (m)    INT.    Cu     Mo     Ag
    -----     -------   -----   ----   ------    ----    --     --     --
    Holes                       (m)              (m)     (%)    (%)    (g/t)
    -----                       ---              ---     ---    ---    -----
    CO-05-01            -90       80      134      54    0.79   0.002
    CO-05-02            -90    99.45      116   16.55    2.07   0.010
    CO-05-02                     126      178      52    0.68   0.007
    CO-05-03            -90   110.01   117.65    7.55    0.81   0.002
    CO-05-03                  158.65      186   27.35    0.63   0.003
    CO-05-04            -90       62       78      16    0.47   0.006
                               114.2      212    97.8    0.61   0.008
    Including                    116      184      68    0.73   0.009
    CO-05-05            -90        0       12      12    0.55   0.001
                                  50      160     110    0.87   0.011
    Including                     56      128      72    1.10   0.012
    CO-05-06            -90       56       68      12    0.67   0.029
    CO-05-06            -90      144      202      58    1.44   0.008
    CO-05-07            -90       64       94      30    0.73   0.004
                                 110      140      30    1.08   0.033
                                 148      172      24    0.46   0.006
    CO-05-08            -90       64      114      50    0.57   0.003    7.3
    CO-05-09            -90       76      142      66    0.43   0.002    2.0
    CO-05-10     180    -80       42      208     166    0.59   0.011    3.9
    Including                     42      156     114    0.69   0.014    4.0
    CO-05-11     225    -80       58      254     196    0.88   0.019    6.8
    Including                     72      120      48    1.70   0.020    5.5
    CO-05-12      20    -80        0    47.25   47.25    0.87   0.001    6.4
    CO-05-12                     128      318     190    0.53   0.015    5.2

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 ASL 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.

Art C. Freeze, P. Geo., Director of Norsemont and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map and cross-section with drill hole locations will be available shortly on the Norsemont 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.

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.

 

 

09/21/05
NORSEMONT ENCOUNTERS SEVERAL HIGH GRADE INTERCEPTS IN FIRST SEVEN HOLES AT CONSTANCIA COPPER-GOLD-MOLY PROJECT

Norsemont Mining Inc. ("Norsemont" or "The Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce significant copper mineralization has been encountered in the first seven diamond drill holes at its Constancia project located in Chumbivilcas province in Peru. The drilling thus far has confirmed and locally exceeded the wide-spaced drilling program previously completed by Rio Tinto and Mitsui and confirms the presence of a large Copper, Gold, and Molybdenum mineralized system.

Highlights include:
- Hole CO-05-01, which intersected 54m of 0.79% Copper
- Hole CO-05-02, which intersected 16.55m of 2.07% Copper and a further
52m of 0.68% Copper
- Hole CO-05-04, which intersected 97.8m of 0.61% Copper
- Hole CO-05-05, which intersected 110m of 0.87% Copper including 72m of
1.10% Copper
- Hole CO-05-06, which intersected 58m of 1.44% Copper
- Hole CO-05-07, which intersected 30m of 1.08% Copper.

Silver and Gold assay results are pending and will be released as they come available. The Company is particularly pleased with these very positive results and has immediately expanded the current 15 hole diamond drill program to 20 holes.

"We are extremely pleased with the thick, continuous and high-grade intercepts of copper generated in this phase of drilling. Our current copper and moly drill results on average, exceed those reported from the drilling program completed by Rio Tinto and confirm the presence of a robust, potentially low cost heap leachable mineralized system" said Marc E. Levy, President and CEO of Norsemont Mining Inc., "We are currently drilling holes No. 12 and No. 13, and we expect to release the next batch of results in the near future."

Secondary chalcocite and/or primary copper sulphide mineralization, in potentially commercial quantities, have been intersected within phyllically altered monzonite and skarn in each of the first eleven holes completed for Norsemont (Assay's are pending for the four other completed holes), including the two drill holes in progress. The overall thickness of the secondary chalcocite and primary copper sulfides, encountered during this phase of drilling, ranges from a thickness of 120 meters in hole CO-05-05 and down to a thickness of 34.9 meters in CO-05-03 (partially oxidized chalcocite blanket).

A summary of the significant intercepts from the current diamond drill program are as follows:

<<
Drill Holes From (m) To (m) INT. (m) Cu (%) Mo (%)
CO-05-01 80 134 54 0.79 0.002
CO-05-02 99.45 116 16.55 2.07 0.010
CO-05-02 126 178 52 0.68 0.007
CO-05-03 110.01 117.65 7.55 0.81 0.002
CO-05-03 158.65 186 27.35 0.63 0.003
CO-05-04 62 78 16 0.47 0.006
114.2 212 97.8 0.61 0.008
Including 116 184 68 0.73 0.009
CO-05-05 0 12 12 0.55 0.001
50 160 110 0.87 0.011
Including 56 128 72 1.10 0.012
CO-05-06 56 68 12 0.67 0.029
CO-05-06 144 202 58 1.44 0.008
CO-05-07 64 94 30 0.73 0.004
110 140 30 1.08 0.033
148 172 24 0.46 0.006

Note: All above holes are vertical.

Drill hole CO-05-05, at the south end of the 2005 drill area, contains an interval of 110 meters (50m - 160m) of 0.87% copper and 0.011% molybdenum within a mixture of chalcocite and primary copper sulfides in monzonite and skarn. This interval includes 72 meters (56m - 128m) of 1.1% copper and 0.012% molybdenum. Drill hole CO-05-01, at the north end of the 2005 drill area, contains 54 meters (80m - 134m) of 0.79% copper in chalcocite and 0.002% molybdenum beneath a leached cap of 80 meters. Hole CO-05-02, 300 meters south of CO-05-01, contains two significant chalcocite-bearing intervals, separated by 10 meters of oxidized and leached chalcocite blanket. The upper 16.55 meter interval (99.45m - 116m), contains 2.07% copper in chalcocite and 0.01% molybdenum beneath 99.45 meters of leached cap. The lower interval of 52 meters (126m - 178m) exhibits a grade of 0.68% copper in chalcocite and 0.007% molybdenum. The copper mineralization appears to be increasing in grade and thickness to the south.

The detailed drilling completed by Norsemont in 2005 has tested the chalcocite blanket and the primary copper sulfides of the Constancia zone for approximately 600 meters north-south. The 2005 surface geologic mapping and geochemical sampling, combined with Mitsui, Rio Tinto and Norsemont drilling, collectively suggest that the zone of secondary chalcocite and primary copper sulfides in the Constancia zone alone has dimensions north-south of over one kilometer and east-west dimensions ranging from 200 to over 800 meters. Higher grades and wider surface projections of the secondary chalcocite and primary copper sulfides seem to be associated with broad (200m - 400m wide) east-west trending fracture zones where they intersect a prominent north-south silicified zone, also several hundred meters in width. The average thickness of the partially eroded chalcocite blanket, as defined by Norsemont thus far in 2005, is in the range of 60 to 80 meters.

The Constancia Project is located between the Tintaya Mine of BHP Billiton and the Las Bambas copper project of Xstrata Resources. The principal purpose of this phase of drilling is provide sufficient data to produce a NI 43-101 Compliant Resource Estimate at the Constancia zone by infill and step-out drilling on 100 meter centres. This zone is only part of the large Constancia porphyry and skarn copper system, which also includes the San Jose zone one kilometre to the west. Rio Tinto previously reported an historical unclassified resource in the Constancia porphyry copper system of 189 million tonnes of 0.68% copper (0.5% copper cut-off) and 0.021% molybdenum (this resource has not been audited by NI 43-101 Standards and should therefore not be relied upon), based on the drilling of Rio Tinto and Mitsui, in both the Constancia zone and the San Jose zone. The 2005 drilling by Norsemont has to date suggested that the copper grades reported by Rio Tinto have been exceeded.

The initial drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Qualified Person as defined in NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ASL Chemex Assay Labs in Lima, Peru. The program includes extensive Quality Control for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Art C. Freeze, P. Geo., Director of Norsemont and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map and cross-section with drill hole locations will be available shortly on the Norsemont website at www.norsemont.com

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. >>

SOURCE: Norsemont Mining Inc.

 

 

09/19/05
NORSEMONT ANNOUNCES FURTHER DRILL DATA ON THE AMATA PROJECT OF 2M @ 783 G/T AG & 2M @ 3.08% CU & 41.95M @ 61.3 G/T AG, 0.24 G/T AU

Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM; Frankfurt: A0DQKK) is pleased to announce further details on its recently acquired Amata Silver-Gold-Copper project from Rio Tinto Mining and Exploration Ltd. ("Rio Tinto") (NYSE: RTP) as previously announced on September 9, 2005. Norsemont has acquired a 100% interest in the Amata Project (10,300 hectares) located 50km NE of Arequipa City in southern Peru.

The Amata high sulphidation epithermal system and associated porphyries are located in the Cordillera of southern Peru. Sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of silver and up to 7.2 g/t of gold, to values below detection.

In 2002 and 2003 Rio Tinto completed a two-staged drill program consisting of 15 widely-spaced holes (within 2km), of which the most encouraging results include:

Cerro Amata:
AM-01 : 317.80m @ 31.7 g/t Ag, 0.11 g/t Au

Includes: 41.95m @ 61.3 g/t Ag, 0.24 g/t Au
48.10m @ 36.7 g/t Ag, 0.28 g/t Au

AM-02 : 100.25m @ 1.11% Cu, 0.16 g/t Au ,19.55 g/t Ag

AM-03 : 2m @ 3.08% Cu, 12.85 g/t Ag
2.35m @ 0.80% Cu, 22.5 g/t Ag

AM-04 : 118m @ 0.11 % Cu, 13.08 g/t Ag

Includes: 4m @ 52.45 g/t Ag

AM-05 : 2m @ 783 g/t Ag, 0.14% Cu

Tincachoca:
TQ-02: 26.8 m @ 2.6% Cu, 0.42 g/t Au, 45 g/t Ag

Tacune:
TN-01: 22.2m @ 0.047% Mo, 0.01 g/t Au
13.75m @ 0.039% Mo, 0.03 g/t Au
TN-02: 3.95m @ 0.09% Mo
TN-03: 64m @ 0.33 % Cu

Based on alteration mapping and surface geochemistry, six principal targets have been identified (Cerro Amata, Tincachoca, Cayrane, Tacune, Trinchera and Palcamayo) that vary from about 15 hectares (500 m x 300 m) to 120 hectares (1.2 km x 1 km) in size. The Cerro Amata target contains a central diatreme breccia body that has a surface dimension of approximately 600 x 300 m. North of Palcamayo and the Apacheta (7th target) sector are yet to be explored. Norsemont believes there is potential to expand the zones of mineralization and identify additional zones of high grade precious metals in the epithermal lithocap or copper in the underlying porphyry.

The oldest rocks in the area correspond to rocks of the coastal batholith (544Ma) which are overlain by Yura group sediments. The prospect is situated within the volcanic complex of Cerro Blanco-Cerro Saltaoco in the Barroso group (Pleistocene) which border the batholith and overly the Yura group. The prospect was identified during the follow up of TM colour anomalies. The anomaly corresponded to a large volcanic complex with four volcanic edifices aligned NE-SW over an area of 10 x 4km. Yanacocha Au-Ag district (Yanacocha Mine in northern Peru) and Amata district are similar systems, showing characteristics of epithermal Au and Ag in the upper levels and underlying porphyry Cu. Both are upper Tertiary age deposits with similar structural controls.

Norsemont continues to make substantial progress with the 2005 drill program at its flagship Constancia project. Norsemont is also pleased to announce it has acquired additional data with regards to the previous drilling Mitsui conducted in the San Jose high grade zone. To date, ten diamond drill holes have been completed. Core samples have been sent to the ALS Chemex laboratory in Lima, Peru, for analysis, and results will be released as they are made available and reviewed by Norsemont's geological team.

Information contained in this release has been reviewed by Dr. Thomas Henricksen P. Geo., Norsemont's Consulting Geologist and Qualified Person as defined by NI 43-101.

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.

SOURCE: Norsemont Mining Inc.

 

 

09/08/05
NORSEMONT ACQUIRES HIGH GRADE SILVER-GOLD-COPPER PROJECT FROM RIO TINTO

Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM & OTCBB: NOMFF) is pleased to announce that it has signed a Letter Agreement with Rio Tinto Mining and Exploration Ltd. ("Rio Tinto") (NYSE: RTP) whereby Norsemont has acquired a 100% interest in 13 mineral properties known as the Amata Project in southern Peru, subject to approval by the TSX Venture Exchange.

The Amata Project consists of 10,300 hectares and is located 50 km northeast of Arequipa City in the Coalaque district in the department of Moquegua, Peru. The project area contains the Amata high sulphidation epithermal system and associated porphyries located in the Cordillera of southern Peru. Sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of silver and up to 7.2 g/t of gold, to values below detection.

In 2002 and 2003 Rio Tinto completed a two-staged drill program consisting of 15 widely-spaced holes (within 2km), of which the most encouraging results include:

Cerro Amata: AM-01: 317.80 m @ 31.7 g/t Ag, 0.11 g/t Au AM-02: 100.25 m @ 1.11% Cu, 0.16 g/t Au, 19.55 g/t Ag Tincachoca: TQ-02: 26.8 m @ 2.6% Cu, 0.42 g/t Au, 45 g/t Ag

Not all the targets within the prospect area have been tested. Those targets that have been tested have only been tested with very widely spaced drill holes. Norsemont believes there is potential to expand the zones of mineralization and identify additional zones of mineralization.

Due to the immense size of the property (10,300 ha), Norsemont plans to re-evaluate the targets within the prospect area identified by Rio Tinto. It is the Company's opinion that a more detailed grid mapping program would help to better understand the success of the previous drill holes. A program of mapping, trenching and sampling is being planned.

"Our partnership with Rio Tinto has allowed us the opportunity to acquire this very attractive project. Norsemont is very excited to have the opportunity to explore Amata which has existing high grade silver and copper mineralization" said Marc Levy, President and CEO of Norsemont Mining Inc., "The Amata project is an excellent addition to our property portfolio and demonstrates our commitment towards building a first class mining company."

The prospect was initially identified during the follow-up of thematic mapping anomalies which corresponded to a large volcanic complex with four volcanic edifices aligned NE-SW. Detailed geological mapping, systematic rock chip sampling and ground magnetics identified a large 10 x 4 km area of pervasive epithermal-style alteration with underlying porphyry intrusives in a setting similar to the Yanacocha Mine in northern Peru.

Alteration is typical of high sulphidation epithermal systems and characterized by extensive zones of vuggy silica and hydrothermal breccias bordered by zones of advanced argillic and propylitic alteration. Based on alteration mapping and surface geochemistry, six principle targets have been identified (Cerro Amata, Tincachoca, Cayrane, Tacune, Trinchera and Palcamayo) that vary from about 15 hectares (500 m x 300 m) to 120 hectares (1.2 km x 1 km) in size. The Cerro Amata target contains a central diatreme breccia body that has a surface dimension of approximately 600 x 300 m. The Breccias are strongly anomalous in silver (up to 2,400 g/t) and gold (up to 7.2 g/t) and hold the potential for bulk mineable silver-gold resources. Information is based on a report acquired from Rio Tinto.

Norsemont plans to evaluate the known geology, alteration and structure in light of the existing drill intercepts and sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of Ag and up to 7.2 g/t of Au, to values below detection.

Management remains excited about its progress to date at its flagship Constancia project and is pleased to confirm a second drill rig is currently on site and drilling the newly identified areas of mineralization as previously announced on August 29, 2005. The addition of the Amata property gives us a truly first class portfolio of Peruvian resource assets.

A finder's fee will be payable in connection with this transaction.

Information contained in this release has been reviewed by Dr. Thomas Henricksen P. Geo., Norsemont's Consulting Geologist and Qualified Person as defined by NI 43-101.

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.

SOURCE: Norsemont Mining Inc.

Marc E. Levy Director & President Phone: (604) 669-9788, Fax: (604) 669-9768, E-Mail: investors@norsemont.com, www.norsemont.com
Copyright (C) 2005 CNW Group. All rights reserved.

 

 

09/08/05
NORSEMONT ACQUIRES HIGH GRADE SILVER-GOLD-COPPER PROJECT FROM RIO TINTO

Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM & OTCBB: NOMFF) is pleased to announce that it has signed a Letter Agreement with Rio Tinto Mining and Exploration Ltd. ("Rio Tinto") (NYSE: RTP) whereby Norsemont has acquired a 100% interest in 13 mineral properties known as the Amata Project in southern Peru, subject to approval by the TSX Venture Exchange.

The Amata Project consists of 10,300 hectares and is located 50 km northeast of Arequipa City in the Coalaque district in the department of Moquegua, Peru. The project area contains the Amata high sulphidation epithermal system and associated porphyries located in the Cordillera of southern Peru. Sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of silver and up to 7.2 g/t of gold, to values below detection.

In 2002 and 2003 Rio Tinto completed a two-staged drill program consisting of 15 widely-spaced holes (within 2km), of which the most encouraging results include:

Cerro Amata: AM-01: 317.80 m @ 31.7 g/t Ag, 0.11 g/t Au AM-02: 100.25 m @ 1.11% Cu, 0.16 g/t Au, 19.55 g/t Ag Tincachoca: TQ-02: 26.8 m @ 2.6% Cu, 0.42 g/t Au, 45 g/t Ag

Not all the targets within the prospect area have been tested. Those targets that have been tested have only been tested with very widely spaced drill holes. Norsemont believes there is potential to expand the zones of mineralization and identify additional zones of mineralization.

Due to the immense size of the property (10,300 ha), Norsemont plans to re-evaluate the targets within the prospect area identified by Rio Tinto. It is the Company's opinion that a more detailed grid mapping program would help to better understand the success of the previous drill holes. A program of mapping, trenching and sampling is being planned.

"Our partnership with Rio Tinto has allowed us the opportunity to acquire this very attractive project. Norsemont is very excited to have the opportunity to explore Amata which has existing high grade silver and copper mineralization" said Marc Levy, President and CEO of Norsemont Mining Inc., "The Amata project is an excellent addition to our property portfolio and demonstrates our commitment towards building a first class mining company."

The prospect was initially identified during the follow-up of thematic mapping anomalies which corresponded to a large volcanic complex with four volcanic edifices aligned NE-SW. Detailed geological mapping, systematic rock chip sampling and ground magnetics identified a large 10 x 4 km area of pervasive epithermal-style alteration with underlying porphyry intrusives in a setting similar to the Yanacocha Mine in northern Peru.

Alteration is typical of high sulphidation epithermal systems and characterized by extensive zones of vuggy silica and hydrothermal breccias bordered by zones of advanced argillic and propylitic alteration. Based on alteration mapping and surface geochemistry, six principle targets have been identified (Cerro Amata, Tincachoca, Cayrane, Tacune, Trinchera and Palcamayo) that vary from about 15 hectares (500 m x 300 m) to 120 hectares (1.2 km x 1 km) in size. The Cerro Amata target contains a central diatreme breccia body that has a surface dimension of approximately 600 x 300 m. The Breccias are strongly anomalous in silver (up to 2,400 g/t) and gold (up to 7.2 g/t) and hold the potential for bulk mineable silver-gold resources. Information is based on a report acquired from Rio Tinto.

Norsemont plans to evaluate the known geology, alteration and structure in light of the existing drill intercepts and sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of Ag and up to 7.2 g/t of Au, to values below detection.

Management remains excited about its progress to date at its flagship Constancia project and is pleased to confirm a second drill rig is currently on site and drilling the newly identified areas of mineralization as previously announced on August 29, 2005. The addition of the Amata property gives us a truly first class portfolio of Peruvian resource assets.

A finder's fee will be payable in connection with this transaction.

Information contained in this release has been reviewed by Dr. Thomas Henricksen P. Geo., Norsemont's Consulting Geologist and Qualified Person as defined by NI 43-101.

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.

SOURCE: Norsemont Mining Inc.

Marc E. Levy Director & President Phone: (604) 669-9788, Fax: (604) 669-9768, E-Mail: investors@norsemont.com, www.norsemont.com
Copyright (C) 2005 CNW Group. All rights reserved.

sollte eigentlich ins Hot Stock Forum...


bigcharts.marketwatch.com/charts/...gs=1&rand=8563&mocktick=1" style="max-width:560px" >

was war das denn?
kaum gepostet schon kam Volumen rein. +10%!
Haben da einige hier mitgelesen? lol


bigcharts.marketwatch.com/charts/...gs=1&rand=2383&mocktick=1" style="max-width:560px" >

  CO-05-36    114.00    132.00     18.00      0.46    0.0020     0.121      2.26      0.51§
  CO-05-37     90.00    104.00     14.00      0.35    0.0062     0.220      2.74      0.40§
  CO-05-38     49.50     68.00     18.50      0.86    0.0250     0.100      4.70      0.98§
  CO-05-39     17.50    256.50    239.35      0.59    0.0267     0.067      4.81      0.83§
  CO-05-40     88.00    232.00    144.00      0.58    0.0146     0.044      3.75      0.73§
  C0-05-41                                                                                §
     Incl.     72.00    142.00     70.00      0.53    0.0147     0.046      3.90      0.68§
              118.00    142.00     24.00      0.81    0.0213     0.048      4.99§1.01

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 final six holes completed during the 2005 drilling program at Constancia are reported in Table 1.  Drill holes 36, 37 and 38 were located at the limits of the north-west and north-east extensions of the Constancia Zone proximal to a northeast striking fault zone which offsets the San Jose Zone from the Constancia Zone.  Hole 39 is located near the southwest boundary of the Constancia zone; the 239.35 meter interval of 0.83% copper equivalent (including 0.59% copper) was terminated in strong mineralization averaging over 0.80% copper equivalent.  This hole encountered one of the thickest mineralized intervals encountered during the 2005 drilling program.  The mineralized system remains open for expansion to the south of this hole underneath overburden.  Hole 40 was collared at the easternmost known limit of the Constancia Zone, previously interpreted to be a ?window? of lower grade mineralization. A significantly higher grade and thicker interval than expected was encountered: 144 meters averaging 0.73 % copper equivalent (0.58% copper).  Copper mineralization in hole 40 is dominantly chalcocite and mixed chalcocite/chalcopyrite in the host monzonite. Hole 41 was the last hole completed during the 2005 program, encountering copper mineralization in mixed skarn and secondary chalcocite  This hole encountered a near-surface interval of  70 meters (72m ? 142m) averaging 0.68% copper equivalent (including 0.53% copper). The San Jose Zone has been drill tested over a 250 meter width and partially drill tested along a potential north-south length exceeding one kilometer

The ongoing 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 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 is available 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, Ag project, and commencing exploration at the Amata Ag-Au, Cu property acquired from Rio Tinto.  Norsemont recently completed a financing of $14 million.


Marc E. Levy
Director & President


Phone:  604-669-9788
      Fax:604-669-9768§
   E-Mail:§investors@norsemont.com
www.norsemont.com

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.

Mr. Sivertz has worked for more than 30 years as an exploration geologist and project manager throughout the Americas. Mr Sivertz is a Senior Geologist with OreQuest Consultants Ltd, a well-regarded Vancouver firm. Since joining OreQuest in 1994, he has been exploring in Latin America for various clients, primarily in Peru. He has significant experience with epithermal gold, porphyry copper-molybdenum, and skarn deposits in many districts of Peru.

After taking a degree in Honours Geology from the University of British Columbia in 1976, Mr. Sivertz began his career with Noranda Exploration in North-western BC. He later worked for various companies exploring for silver and gold in the Yukon and in the Toodoggone River district in BC. He gained important experience with Hunter Dickinson Inc at the Mt. Milligan and Prosperity copper-gold porphyry deposits in BC. In 1994, he explored north western Mexico for Glamis Gold.

THE AMATA SILVER-GOLD-COPPER PROJECT

The Amata Project consists of 10,300 hectares and is located 50 km northeast of Arequipa City in the Coalaque district in the department of Moquegua, Peru. The project area contains the Amata high sulphidation epithermal system and associated porphyries located in the Cordillera of southern Peru. Sampling of 2,282 chip and grab samples include anomalies grading up to 2,400 g/t of silver and up to 7.2 g/t of gold.

In 2002 and 2003 Rio Tinto completed a two-staged drill program consisting of 15 widely-spaced holes (within 2km), of which the most encouraging results include:

Cerro Amata Zone:
AM-01: 317.80 m @ 31.7 g/t Ag, 0.11 g/t Au
AM-02: 100.25 m @ 1.11% Cu, 0.16 g/t Au, 19.55 g/t Ag
AM-03: 2 m @ 3.08% Cu, 12.85 g/t Ag; and
2.35 m @ 0.80% Cu, 22.5 g/t Ag
AM-05: 2 m @ 783 g/t Ag, 0.14% Cu

Tincachoca:
TQ-02: 26.8 m @ 2.6% Cu, 0.42 g/t Au, 45 g/t Ag

Further information on the Amata project is available on the Norsemont website at www.norsemont.com. The property hosts multiple high-sulphidation epithermal targets that have not been drilled. Previous drilling performed by Rio Tinto was widely spaced; Norsemont believes there is potential to expand the known zones and discover additional zones of mineralization.

Due to the significant size of the project (10,300 ha), the Company plans to re-evaluate the existing targets within the prospect area identified by Rio Tinto. Detailed grid mapping, trenching and geochemical sampling is planned to fully evaluate the high-sulphidation and porphyry-style precious and base metal potential of Amata.

Robert McLeod, P. Geo., Norsemont Consulting Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

Norsemont Mining is a well-structured and financed exploration company working in the Americas, with a focus in southern Peru.


Marc E. Levy
Director & President


Phone: 604-669-9788
Fax: 604-669-9768
E-Mail: investors@norsemont.com
www.norsemont.com

Outlook: Citigroup copper forecasts for 2006–08 are $1.85/lb, $1.50, and $1.30.
By quarter in 2006, average forecast prices are $2.20, $2.00, $1.70, and $1.50.
These forecasts are below spot levels, and the futures curve, but are sufficient for value
creation in select copper names.
The Citigroup global team is abandoning a longstanding bearish “fundamentalist” stance on
copper, in recognition of structurally tight markets and a continuing pattern of supply-side
outages/shortfalls as variously seen at Antofagasta, Codelco, Freeport, and Phelps Dodge.
Background factors include falling ore grades worldwide, a dearth of large new mines in the
near term, water shortages in northern Chile, and a leftward lurch in LatAm politics.

Another consideration is the status of Freeport’s Grasberg mine in Indonesia. Should this
massive mine go off line due to local/regional unrest, it would in a matter of weeks radically
alter the copper supply/demand picture. This is not part of our supply/demand model, but
the risk is relevant. Looking ahead, short-lived surpluses in 2006-07 driven by mine repairs
and smelter catch-up, are likely to give way to renewed deficits in 2008.
In a synchronous growth context, then, there is virtually no way exchange inventories will be meaningfully
rebuilt in the next three years.

Supply/demand forecast revisions: In 2006, the Citigroup global commodities team
expects a narrower commodity surplus of 134 kT (457 kT previously), as supply disruptions
continue, echoing the 23 significant outages/shortfalls seen in 2005.
This is lower than CRU’s call for a 449 kT surplus and ICSG’s (International Copper Study Group)
expectations of a 295 kT surplus. For 2007 and 2008, we expect tighter conditions, with a
surplus of 346 kT (previously 586 kT) and deficit of 175 kT
(previously balanced market),respectively.
In terms of global growth, we forecast supply increases of 9.0% in 2006, 6.0% in 2007,
and 2.3% in 2008 on net mine capacity additions totaling 961 kT, 643 kT,
and 944 kT, respectively.
This is matched by consumption growth estimates of +5.7%, +4.9%, and +5.1% for 2006-08.

Looking to China, we expect deficits of 1.4 mT in 2006 (+3.1% supply, +10.2% demand),
1.7 mT in 2007 (+3.4% supply, +10.9% demand), and 2.2 mT in 2008 (+4.4% supply, 12.6% demand).

Key elements in the copper picture include:

Mine supply shortfalls as start-up of new projects are delayed or disruptions occur at
existing operations. Possible causes include equipment shortages, equipment failures,
and possible strikes as labor leverages tight markets and high commodity prices.

Recently, we have seen lower production stemming from adverse ore or ground conditions,
such as Freeport’s Grasberg, Phelps Dodge’s Candelaria, or Newmont’s Batu Hijau.

 Smelter bottlenecks are clearing, but the increased supply in not yet evident in the markets.
The most important sign posts are a substantial fall in spot TC/RC rates anddecline in concentrate stocks.
Yet, risks remain as the list of smelters taking maintenance shutdowns grow and commission
problems persist at two smelters in India and one in Thailand.

steigende Unsätze In Canada
Charttechnische Bodenbildung abgeschlossen.
Interessante Meldungen über neue Erfolge im Kupferbereich !
alles im grünen Bereich.

sieht wieder besser aus. die 3 Dollar haben wohl erstmal gehalten!
Jetzt muss es über die 3,5 - 3,6 gehen.
Erst über dieser Marke würde ich einsteigen.

Fundamental ist es so oder so ein Kauf...

up to 475,000 common shares to officers, directors, employees and consultants
of the company for the price of $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.

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, Ag project, and commencing exploration at the Amata Ag-Au, Cu property acquired from Rio Tinto.

Norsemont has received and accepted the resignation of Len De Melt from
the Board of Directors.


?Marc E. Levy?
Marc E. Levy
Director & President
Phone: 604-669-9788 Fax: 604-669-9768
E-Mail: investors@norsemont.com www.norsemont.com
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.

In the Company?s March 2005 Technical Report on the Constancia Property, the author notes ?it is concluded that this is a property which has identified an exploration target that merits continued drilling and geological investigation, following the proposed plan, with the intention of identifying sufficient
mineralization to make an NI 43-101 compliant resource estimate.

The Company has commissioned the calculation of a resource estimate according to CIM guidelines and consistent with the requirements of NI 43-101. Upon completion of the calculation, the Company will report the results.

Promotional Statements

In its news releases, on its website and in its newspaper ad, the Company made statements which are contrary to the principles of factual, balanced and complete disclosure in NP 51-201. Phrases such as ?multi-billion dollar asset?, ?world-class?, ?major copper discovery? and ?gold mine? are not based upon a current NI 43-101 compliant mineral resource and do not take into account costs and other factors
needed to determine the economic viability of the potential deposit. The Company has no basis to assess the potential future gross value of its exploration targets. The Company retracts these statements and cautions investors from relying on these statements. The Company also confirms, at the specific request of the BCSC, that it does not have an operating gold mine.

Selective Disclosure of Highest Values

In its March 14, 2006 and September 8, 2005 news releases and on its website, the Company summarized exploration results on its Amata project by reporting only the highest or best values of mineralization.
The Company has also reported highest or best values for its Constancia and Corcovado properties. The Company should not have disclosed the highest values and the Company?s QP is reviewing the data, and the company will publish a more complete report of the data as soon as it becomes available.

Norsemont Mining Inc.

# 402 ? 750 West Pender St., Vancouver, B.C. V6C 2T7 Tel: 604-669-9788 Fax: 604-669-9768
The Company is awaiting the results of a sampling program on the Amata project and will report the results as soon as they are available.
Disclosure of Information Norsemont has taken steps to ensure the information on its website and in its power point presentation has been corrected and is now in compliance with the Policies. The Company intends to disclose only that information which is supported by the scientific and technical data disclosed to date, in full compliance
with the Policies.

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?
Marc E. Levy,
Director & President
Contact: 604-669-9788
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.

siehe http://www.ariva.de/board/228180

Das könnte eventuell für Unsicherheit sorgen....

z.B. 0,68% Kupfer im Boden überhaupt wirtschaftlich abbaubar sind.
Gibt es Kalkulationen darüber, was der Abbau einer Tonne Abraum in Peru kostet und mit wieviel man 1 kg Kupfer im Boden bewertet (bitte nicht nach Bullvestor-Schema!)  

Soutern Copper betreibt zwei open Pit Kupfer Minen in Peru.

Die 2 Minen(Toquepala,Cuajone) haben 2005 eine Kupfergehalt
von 0,8% und 0,64% gehabt.
Der durchschnittliche Kupfergehalt der Reserven liegt bei den
2 Minen bei 0,561 und 0,58!

Scheint wohl als ob man mit 0,68% profitabel arbeiten kann!!!
Schau Dir mal die Gewinne von Southern Copper an!;-)

Die Minen von Soutern Copper und Constanica Projekt liegen übrigen
in der selben Gegend.(im Süden von Peru)

Eine Ressourcenschätzung kommt in den nächsten Monaten.

Da es keine Feasibility Studie gibt, kann ich dir zu den
Abbaukosten pro Tonne nichts sagen. In der Feasibility Studie
wird man dann sehen ob man wirtschaftlich abbauen kann.
Es spricht aber einiges dafür, sonst wäre ich hier nicht drin.

Bedenke auch das die Firma noch relativ am Anfang steht....

many thx!!! Das ist doch mal eine brauchbare Antwort von einem Sachverständigen.
Solch eine schlüssige Antwort ist leider sehr selten in den diversen Boards.
Überlege einzusteigen.

Keilformatien läft auf die 3$ untere Begrenzung zu, welche seit Sept 05 nicht unterschritten wurde.
Wenn diese hält, könnte es kometenhaft nach oben gehen.
Es wird heiß....

Also rein optisch gefällt mir der Chart nicht.
Ich warte bis die Bodenbildung abgeschlossen ist.
Die Mine gibt es erst seit einigen Monaten und ist schon so teuer?
In ganz Südamerika gibt es nur 2 Länder die nicht von Linken regiert werden und Investoren wurden vergrault obwohl sie investiert haben.
KUBA lässt grüßen.
Wenn ich den Einstieg verpasse - na ja aber Kursbastätigung möchte ich vorher schon sehen.
Kann man die News über 0,68 % Kupfergehalt als ausreichend betrachten?
100 KILOGRAMM bringen 690 US-Dollar
Und dafür muss man 100 Tonnen Gestein durchsuchen.
Ab wann lohnt sich wohl der Abbau?

PS: wenn die hochschnellt fällt die auch ganz schnell wieder - sagt
der JAHRESCHART. Da ist ja nur extremes rauf und runter zu sehen.

Aber viel Glück.

Humala: Man kann von einer neuen Linken sprechen, indigenen Strömungen oder, wie in Peru, von Nationalismus. Über den Namen kann man diskutieren. Das ist eine Bewegung gegen den Neoliberalismus, die nach Alternativen sucht, um die Probleme der Mehrheit zu lösen.

STANDARD: Was verstehen Sie unter Nationalismus?

Humala: Nationalismus ist die Verteidigung der Nation und eine Antwort auf den Prozess der Globalisierung. Nationalismus ist für uns die Bestätigung der Demokratie, die Stärkung des Bürgers.

STANDARD: Wollen Sie ausländische Firmen verstaatlichen?

Humala: Nein. Wir respektieren Privatbesitz, wir sind für internationale Investitionen. Aber bei Kohle und Gas muss der Staat mitbestimmen können. Wir wollen Firmen nicht rausschmeißen, aber wir wollen, dass der Staat Mitgesellschafter ist.

STANDARD: Wie würden Sie die Beziehungen zu den USA gestalten?

Humala: Wir wollen mit den USA zusammenarbeiten. Wir sind nicht antiamerikanisch.

STANDARD: Im Mai findet in Wien der EU-Lateinamerika- Gipfel statt. Was erwarten Sie von diesem Treffen?

Humala: Viele dieser Treffen erbringen keine konkreten Ergebnisse. Was ich von Europa erwarte, ist Verständnis, dass die Welt sich nicht weiter entwickeln kann mit Kontinenten und Menschen, die vom ökonomischen Prozess ausgeschlossen werden. Sie leben vor allem in Afrika, Asien und Lateinamerika. Es ist die Verantwortung der entwickelten Welt, eine Politik zu entwerfen, die den Armen hilft.

STANDARD: Es wird in Wien auch einen alternativen Gipfel geben, an dem auch Chávez teilnehmen will. Werden Sie auch kommen?

Humala: So wie ich das sehe, ist dieses Alternativtreffen keine Versammlung, um prinzipielle Erklärungen abzugeben. Deshalb wäre es das Beste, dass der peruanische Botschafter in Wien dort hingeht. (DER STANDARD, Printausgabe, 26.4.2006)

 

Zur Person

Ollanta Humala (43), Vater zweier Töchter, hat eine nationalistische Bewegung in Peru gegründet. Der Ex-Militär ist Bewunderer von General Juan Velasco, der von 1968 bis 1975 ein linksgerichtetes Militärregime in Peru führte. Vater Isaac gilt als Erfinder einer Ideologie namens "Ethnocacerismus", die die Vorherrschaft der "kupferfarbenen Rasse" predigt. 

Hier wird richtig in Panik verkauft. Es hocken ja noch viele auf ganz guten Gewinnen.
Was macht die Regierung Perus? Enteignen? Schröpfen? Unterstützen? Alles ist möglich!
ZZ. ist mir die Kiste zu heiß!  

Ob die auch ohne Kapital und Investitionen zurecht kommen werden kann wirklich angezweifelt werden.

Kommunismus geschützt.Bereits Stalin und auch in Nordkorea hatten große Firmen immer den Schutz, da der Arbeitsplatz und damit auch Steuerabgaben im Mittelpunkt stehen. So gesehen kanns nur besser werden.

Da müsste der Kurs heute eigentlich bei 2,4 € liegen.

www.stockhouse.com/...M&table=list&view=staticchart&duration=0

Wohl heute noch einiges möglich......

expand the known extent of mineralization at the Constancia and San Jose zones, and to
explore other prospective areas of the Constancia Property.
?We have been working hard over the last quarter to achieve many corporate goals in order to
move Constancia forward and grow Norsemont. We are pleased about the ongoing excellent
relationship with the local communities within the Constancia area,? said Marc E. Levy, CEO of
Norsemont. ?Securing these agreements with the local landowners ensures that the company is
in a better position to bring the property through to production, our ultimate goal. The support of
local Peruvians is essential as we continue to advance the Project through this expanded drilling
program.?
Two drill rigs are currently onsite and preparations have been completed to commence a sixmonth,
20,000 metre drilling program immediately. Tom Henrickson (Chief Geologist) is onsite
to supervise the commencement of the program.
The 2006 drilling program and geological studies at the Constancia project under the
supervision of Dr. Thomas A. Henricksen, P.Geo. Norsemont?s Qualified Person as defined by
NI 43-101. Core samples will be 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 will include
an extensive quality control program for assaying with the systematic use of standards, blanks,
and field duplicate samples. Secondary laboratories will be 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.
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,
Ag project, and commencing exploration at the Amata Ag-Au, Cu property acquired from Rio
Tinto. Norsemont recently completed financings totaling $14 million.
Marc E. Levy
Director & President
Phone: 604-669-9788 Fax: 604-669-9768
E-Mail: investors@norsemont.com Website: www.norsemont.com
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.

Mit Eiern in die zweite Runde

Tommy Ramm 01.05.2006

Der peruanische Ex-Präsident Alan Garcia tritt gegen den Nationalisten Humala Ollanta in der zweiten Runde der Präsidentschaftswahlen an

Amtlich ist es zwar noch nicht, aber so gut wie sicher: Am 28. Mai wird der peruanische Ex-Präsident Alan Garcia von der sozialdemokratischen APRA gegen den Ex-Militär Ollanta Humala in der zweiten Runde der Präsidentschaftswahlen antreten. Bei den Wahlen am 9. April setzte sich Humala mit rund 30 Prozent der Stimmen zwar an die Spitze, konnte jedoch nicht die absolute Mehrheit im ersten Wahlgang auf sich vereinen, was eine Stichwahl nötig macht. Garcia erreichte 24,3 Prozent und schaltete so überraschend Lourdes Flores vom Nationalen Bündnis aus, die ihre Niederlage auf Grund des knappen Abstands zu Garcia und noch auszuzählende Stimmen bisher nicht eingestanden hat. Nachdem Flores bereits 2001 bei den Wahlen gescheitert war, weil ihr Nähe zum Ex -Diktator Alberto Fujimori vorgeworfen wurde, zog sie dieses mal offenbar wieder den Kürzeren, weil sie mit ihrer neoliberal geprägten Politik als Kandidatin der Reichen galt.

   

Ollanta Humala auf einer Wahlkampfveranstaltung. Foto: PNP

Galt Humala in den Monaten zuvor als aussichtsreichster Kandidat bei den Wahlen, werden mit seinem Gegenkandidaten Garcia die Karten wieder neu gemischt. Neueste Umfragen legen dies offen: Garcia setzt sich darin mit sechs Prozent vor dem Linksnationalisten Humala Ollanta an die Spitze, der unter einer diffusen Ideologie eines Etnocacerismus das Land zu reformieren verspricht: Verstaatlichung einiger Wirtschaftszweige und die Einberufung einer Verfassung gebenden Versammlung.

Laut dem peruanischen Analysten Ivan García Mayer sei der Verlust bei den Umfragen auf das Misstrauen zurück zu führen, welches Ollanta in einem Großteil der Bevölkerung mit seinem radikalen Diskurs gesät habe. Zwar habe dieser sich nach dem ersten Wahlgang einen gemäßigteren Ton zugelegt, "doch ein Kommandant in Seide gekleidet sei nach wie vor ein Kommandant", meint Mayer.

Wiederauferstehung der APRA

Der Einzug von Garcia in die zweite Runde scheint in einem Land wie Peru, in dem die Bevölkerung einen tief greifenden politischen Wandel wie in anderen lateinamerikanischen Ländern einfordert, überraschend. Dessen Amtszeit von 1985-1990 gilt in Peru als wirtschaftliches und soziales Desaster, welches selbst Garcia eingesteht. "Ich will nicht, dass man über meinem Grab einmal sagt, dass ich ein schlechter Regierungschef war und so blöd gewesen sei, mich ein zweites Mal zu irren", so Garcia jüngst auf einer Wahlveranstaltung. Zudem steht Garcia mit der APRA als Kandidat einer Traditionspartei zur Wahl, entgegen dem lateinamerikanischen Trend, in dem neue Bewegungen am Aufsteigen sind. Für ihn und seine Partei steht somit viel auf dem Spiel.

Garcia war der einzige Vertreter der APRA, der es jemals in der Geschichte des Landes in einen Präsidentensessel geschafft hatte, obwohl die Partei als die traditionellste und am stärksten verankerte Gruppierung in Peru gilt. "Man muss eingestehen, dass APRA die einzige Partei ist, die diesen Titel verdient", meint der Soziologe Nelson Manrique, der damit auf das instabile Parteiensystem im Land hinweist. Die politische Maschinerie sei es laut Manrique auch gewesen, die Garcia in einem Kraftakt in die zweite Runde verholfen hat.

Im Jahr 1924 wurde die Amerikanische Revolutionäre Volksallianz (APRA) in Mexiko als sozialdemokratische Bewegung Lateinamerikas ins Leben gerufen. Sechs Jahre später formierte dessen peruanischer Gründungsvater Victor Raúl Haya de la Torre deren Ableger in Peru. Mehrfache Versuche, das Präsidentenamt zu erobern, schlugen fehl. 1931 scheiterte Haya de la Torre an einem Wahlbetrug, 1962 machte ein Militärputsch der APRA einen Strich durch die Rechnung. In den achtziger Jahren hatte die APRA eine Modernisierung der Partei Alan Garcia zu verdanken. Dies zeichnet sich darin ab, dass besonders junge Menschen für diese Partei gestimmt haben und mehrere Parlamentsabgeordnete der APRA jünger als dreissig Jahre sind. Was aber nichts darüber aussagt, dass Garcia wie bereits in der Vergangenheit mit populistischem Stil Misswirtschaft betreiben wird.

Mit Eiern und Mausklick gegen Ollanta

Nicht zuletzt wegen dessen Phantom des Populismus rief Garcia seine Anhänger auf, keine Provokationen gegen seinen Kontrahenten im Wahlkampf durchzuführen. Bereits bei der Stimmabgabe wurde dieser mit Tomaten beschmissen, offensichtlich von APRA-Anhängern.

Humala scheint die Opferkarte zum Stimmenfang jedoch ausnutzen zu wollen. Bei dessen Wahlkampftour im Norden des Landes, welche als Hochburg von Garcia gilt, legte Humala Blumen am Grab des APRA-Gründers Haya de la Torre in der Stadt Trujillo nieder, was von deren Anhängern mit Eiern und lautstarken Protesten beantwortet wurde. APRA-Vertreter warfen Humala daraufhin Provokationsversuche vor und nannten diesen den "Herr der Klagen", der versuchen will, deren Parteianhänger als gewaltsam hinzustellen. Auch Garcia konnte sich nicht mehr zügeln. "Ollanta Humala zeigt uns zwei Gesichter: das eines Terroristen in der ersten Runde und das eines Beschwichtigers und Opfers auf dem Weg zur Stichwahl", so Garcia.

Wochen zuvor hatten Humalas Anhänger von dessen Union für Peru (UPP) Übergriffe auf Anhänger der gescheiterten Kandidatin Lourdes Flores durchgeführt. Für Entrüstung sorgte auch dessen Familie. "Sagt dieser Schwuchtel, dass wir niemals in sein Programm kommen werden, und wenn wir an der Regierung sind, werden wir ihn erschießen." Diese Worte stammen von der Mutter von Ollanta Humala, gerichtet an den homosexuellen Schriftsteller und Journalisten Jaime Bayly. "Ich glaube, die Vergangenheit von Humala und dessen Diskurs zeigen klar, dass er kein Demokrat ist und ein autoritäres Projekt verfolgt", meint Bayly. Humala distanzierte sich zwar von den Aussagen seiner Familie, doch seine politische Formation lernte dieser in seinem Elternhaus, was beunruhigen dürfte.

Dass bis zum zweiten Wahlgang zwischen Garcia und Ollanta mit harten Bandagen gekämpft wird, ist vorprogrammiert. Selbst im Internet haben Humala-Gegner mittlerweile Front gemacht. In dem Spiel Ollanta reloaded tritt dieser als bewaffneter Diktator in Bezug auf seine Militärvergangenheit auf, in der ihm schwere Menschenrechtsverletzungen nachgesagt werden. "Traurigerweise hat ´Kommandant Carlos´ (Spitzname von Humala während seiner Armeekarriere) die Wahlen gewonnen", so der Einstiegstext. "Deine Aufgabe ist es, die kommenden schrecklichen fünf Jahre unter ihm zu überleben." Humala begleiten darin der venezolanische Präsident Hugo Chávez, der Ölfässer schmeißt, sowie der Führer der maoistischen Guerillagruppe Leuchtender Pfad. Humala dürfte es unter diesen Bedingungen schwer fallen, sein Stigma bis zum 28. Mai los zu werden.

leider hat sich noch nicht viel getan. Ressourcenschätzung steht immer
noch aus.
Charttechnisch sieht es wieder leicht besser aus. Noch haben wir bis
jetzt keine tieferen tiefs. Jetzt müssen wir über die 3 CAD.
Das sollte aber mit der bald kommenden Ressourcenschätzung  gelingen.
Auch sollte man nicht vergessen das erste Bohrergebnisse vom Amata Projekt
auch so langsam anstehen. Und die Wahlen finden nächste Woche auch statt.
Also die nächste Woche wird spannend!

Negativ ist der steigende Euro zum Kanadischen Dollar.
Das erzeugt zusätzlich "Druck"...


bigcharts.marketwatch.com/charts/...gs=1&rand=7071&mocktick=1" style="max-width:560px" >

Dr. Tom Henricksen, Norsemont's Chief Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

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 exploration is underway at the Amata Ag-Au property acquired from Rio Tinto. Norsemont recently completed financings totaling $14 million.

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.

SOURCE: Norsemont Mining Inc.

Marc E. Levy, President & CEO, Phone: (604) 669-9788, Fax: (604) 669-9768, E-Mail: investors@norsemont.com, www.norsemont.com
Copyright (C) 2006 CNW Group. All rights reserved.

"We are delighted to attract such a talented and well respected individual as Mr. Soregaroli to our team. His ability to effectively communicate the value of the company's properties to an extensive network of investor contacts within North America and Europe will help create greater awareness of Norsemont," stated Marc E. Levy, President & CEO of Norsemont Mining Inc.

Also, Norsemont has granted 110,000 incentive stock options to certain employees and consultants, exercisable at $2.70 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-V Exchange.

Norsemont Mining is a well-structured and financed exploration company working in the Americas, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and exploration is underway at the Amata Ag-Au property acquired from Rio Tinto. Norsemont recently completed financings totaling $14 million.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or the accuracy of this release. We seek

Humala gratulierte seinem Kontrahenten zum Sieg. "Wir erkennen das Ergebnis an und wir zollen unserem Gegner Alan Garcia Respekt", sagte er. Zuvor hatte er unter dem Jubel seiner Anhänger auf "unseren Sieg in den meisten Provinzen" verwiesen. Tatsächlich gewann Garcia vor allem wegen seines starken Abschneidens in der Hauptstadt Lima, wo ein Drittel aller Peruaner leben.

Humala konnte dagegen Siege in den bettelarmen Andenregionen verbuchen, und lag auch in den Amazonas-Gebieten voran. Er rief am Wahlabend alle linken und nationalistischen Gruppierungen des Landes zur Bildung einer "Nationalistischen Front" auf, die für eine "große Transformation" in Richtung einer gerechteren Gesellschaft kämpfen solle.

Garcia, dessen Amtszeit von 1985 bis 1990 in politischem und wirtschaftlichem Chaos endete, dürfte von der Angst der Mittel- und Oberschicht vor Humala profitiert haben. Viele Wähler hätten sich für den Chef der Apra-Partei als das kleinere Übel entschieden, sagten Meinungsforscher. Garcia steht für die gemäßigte Linke Südamerikas, die auf Marktwirtschaft setzt, und dabei Armut und soziale Ungleichheit entschiedener bekämpfen will als konservative Regierungen.

Humala gilt als Linkspopulist. Er hatte eine stärkere Besteuerung der Reichen und eine Verstaatlichung von Rohstoffvorkommen in Aussicht gestellt und wollte gegen den "US-Imperalismus" und die neoliberale Wirtschaftsordnung kämpfen. Bei der inneren Sicherheit vertritt er rechte Konzepte und vertritt einen aggressiven Nationalismus. Der peruanische Schriftsteller Mario Vargas Llosa bezeichnete Humala als "nationalistischen Diktator".

Ministerpräsident Kuczynski begrüßte den Sieg des Sozialdemokraten. "Es ist eine gute Sache", sagte er im peruanischen Radio. Die Bürger hätten für eine Fortsetzung der Wirtschaftspolitik des scheidenden Präsidenten Toledo gestimmt. Toledo hatte sich im Jahr 2001 bei der Präsidentenwahl gegen Garcia durchgesetzt.

Mit dem Sieg Garcias setzt sich der Trend nach links in Lateinamerika fort. Die meisten Staaten der Region werden von linksgerichteten Politikern regiert, wobei die meisten aber eine pragmatische Wirtschaftspolitik nach europäischem Muster vertreten. Chavez hat bisher nur im kubanischen Langzeit-Diktator Castro und im bolivianischen Präsidenten Morales Verbündete für seine neo-sozialistischen und US-kritischen Pläne gefunden.

© SN/APA.

hab den Call nicht persönlich mitgehört aber folgende Dinge sollen besprochen
wurden sein:

- die Resourcenschätzung soll innerhalb der nächsten 30 Tage kommen
- Roadshow für Europa und Nord Amerika ist geplant
- man schaut sich nach neuen Projekten um

Und es gibt ne neue Drilling Progress Map

www.norsemont.com/lib/pdf/Norsemontpres.pdf

So langsam sieht es doch wieder positiver aus! Noch 30 Tage gedulten dann ist
endlich die Resourcenschätzung raus. Die IR Abteilung wurde gestärkt und ne
Road Show soll beginnen. Die wahlen sind auch für Norsemont positiv verlaufen.

Ich denke die Chancen stehen wieder gut das wir andlich den Abwärtstrend verlassen!

Here are some comments of Mr. Gill as a reply to an eMail another german board member wrote:

Mr.........:

I am replying to your e-mail:

"Please can you give us a short statement: What's the matter with Norsemont ?"

Nothing is wrong with Norsemont. The financial statements we have released indicate a healthy company with over $ 11 million in the bank, less than 25 million shares out and an option agreement with one of the biggest mining companies in the world, Rio Tinto. We aim to build long-term value. You may have noticed that we have recently started to put out news regarding our extensive 2006 drill program at Constancia, we have put a shareholder rights plan in place, and we have started to expand our management team. We most recently added a new VP of Corporate Communications, who will be spearheading our marketing efforts. His is the first of several management positions that we are working hard to fill with experienced mining industry people in order to take this company to the next level and advance the Constancia project. This a key focus of current management?s time but unfortunately, there is little news to show for this activity until these people come on board.

Keep in mind that the only investment group to have been on the ground at the Constancia project provided us with our entire $14 million financing last January, so clearly, they know that the project has some legs! We have also recently had interest shown in the project by some other major mining companies, so that should give you some comfort, as well.

It is no secret that we are long term investors and are determined to bring a mine into production. That is our goal.

"We kindly ask you for a personal estimate about Norsemont !"

It would not be right for me to estimate a share price or value for the company if this is what you are asking. I will leave it to you to read the various opinions stated by analysts, newsletter writers, etc. Mr. Ron Wortel of Northern Securities has suggested a share price of $ 5.00 as a target. Others have speculated on the amount of copper and other minerals.

To re-confirm, I am a long-term investor in Norsemont and I am confident we will be able to build upon what we have already accomplished.

Best Regards,

A. Paul Gill
VP Business Development
Norsemont Mining Inc. (TSX-V: NOM)
Tel: 604-669-9788 x104
Fax: 604-669-9768

Die Bohrlöcher CO-06-O53 und -055 sind 100 Meter-"Step-out"-Löcher in der Constancia-Zone, die gemischten Kupferglanz und Kupferkies enthalten, wobei der Kupferglanzgehalt mit der Tiefe abnimmt. Gediegenes Kupfer wurde im oberen Kupferglanz-Abschnitt von Loch -55 festgestellt.

Die Bohrlöcher CO-06-054 und -056 sind 100 Meter-"Step-out"-Löcher in Richtung der gegenwärtigen Grenze der San-Jose-Zone. Kupferglanz dominiert innerhalb der ersten 40 Metern, während in der Tiefe hauptsächlich Kupferkies zu finden ist.

Der Großteil der zukünftigen Bohrlöcher wird "Step-Out"-Löcher sein mit 100-Meter-Zentren, ähnlich dem Bohrprogramm von 2005, mit dem Zweck, eine Ressourcenschätzung für die Liegenschaft zu berechnen. Derzeit sind zwei Bohrausrüstungen vor Ort.

"Loch 55, ein "Step-Out"-Loch in der Constancia-Zone, mit 159 Metern von 1,12% Kupfer und 1,22% Kupferäquivalent, ist eines der besten Löcher, die wir bis jetzt bohrten, was die Grade und die Abschnittslänge betrifft", meinte Marc E. Levy, Präsident und CEO von Norsemont Mining Inc.

Das Bohrprogramm und die geologischen Studien am Constancia-Projekt werden von Dr. Thomas A. Henricksen, Geologe und eine laut NI43-101 qualifizierte Person, überwacht. Er hat die in dieser Pressemitteilung enthaltenen Informationen bestätigt. Die Proben werden zum ALS-Chemex-Labor in Lima, Peru, geschifft. Das Programm beinhaltet ein umfassendes Qualitätskontrollprogramm. Eine Karte mit der Lage der Bohrlöcher wird in Kürze auf der Webseite von Norsemont unter www.norsemont.com verfügbar sein.

Über Norsemont Mining Norsemont Mining ist ein gut strukturiertes und gut finanziertes Explorationsunternehmen, das in Amerika arbeitet, mit einem Schwerpunkt auf Peru. Das Unternehmen bohrt derzeit auf dem Constancia-Cu-Au-Mo-Projekt. Explorationsarbeiten finden außerdem auf dem Amata-Ag-Au-Projekt, das "Rio Tinto" abgekauft wurde, statt. Norsemont schloss kürzlich eine Finanzierung von $14 Mio. ab.

Originaltext: Norsemont Mining Inc. Digitale Pressemappe: presseportal.de/story.htx?firmaid=62643 Pressemappe via RSS : feed://presseportal.de/rss/pm_62643.rss2 ISIN: CA6565291045

Marc E. Levy Vorstandvorsitzender und CEO Norsemont Mining Inc.

Pressekontakt: Marc Levy, Vorstandvorsitzender und CEO oder Brian Soregaroli, VP Unternehmenskommunikation Tel: +1 604-669-9788 Fax: +1 604-669-9768 E-Mail: investors@norsemont.com Webseite: www.norsemont.com

The other side of the equation, which you have raised, is that, because of the delays described above, we now have a fair bit of 2006 drill hole data that we can incorporate into the resource estimate. This will cause further delays, but will increase the resource estimate. As such management is in the process of determining whether or not to go this route, as it has many implications. We are also looking at variations on the model that include other metals, such as molybdenum and silver, as opposed to solely copper. It is a balancing act to say the least, and each new look at the data takes time ? and more time than we have anticipated because of the busy schedule of the individual we have engaged to complete the resource estimate.

Finally, there is the process of auditing the results that are presented to us in the resource estimate. Because this is a very important document to the company, we want to ensure that whatever we establish in the preliminary resource estimate will stand up to the scrutiny of other professionals in the industry. If questions are raised during the audit process, more delays ensue, as we go back and forth seeking clarification with each round of comments. This process alone can cause delays, especially because the fellow completing the estimate has many other projects on his plate at the same time.

I trust that this adequately addresses your concerns with regard to the resource estimate. Thank you for your patience, and for your continued interest in and support of Norsemont.

On of our most important assets right now is the continued support by our existing shareholders, like you, so we certainly appreciate it when you take the time to contact us with your questions, as you have, rather than assume the worst and simply exit your position in the company.

We have very good drill results coming out these days that continue to expand the mineralized zone both laterally and vertically, at copper concentrations even higher than those we have typically seen in the past. This bodes well for us to continue to expand our resource. We have some management additions in the works, so we are wanting to include that input into the process, as well, if the timing is right. We are working hard to put out a preliminary resource estimate that best serves the interests of the company and our shareholders.

Best regards,

- Brian

________________________________________

Brian A. Soregaroli, B.Sc., MBA

VP Corporate Communications

Norsemont Mining Inc. (NOM.TSX-V)

"I am thrilled to have this opportunity to join Norsemont at this exciting time in the company's growth. To be able to lead a young, dynamic company with an excellent project in a part of the world that I know so well is a career-defining opportunity for me," said Mr. Baxter.

Mr. Baxter has also formerly held positions as general manager of Baxter Consultants Engineering, and business development co-ordinator, regional geologist and regional manager, Americas, for North Limited. He has been a member of the advisory board of Petaquilla Minerals Ltd. since April, 2005. Mr. Baxter has an applied bachelor of science (honours) degree from the University of New South Wales and is a member of the Australian Institute of Mining and Metallurgy (AusIMM).

Norsemont's board has approved the issuance of a 530,000 options to a consultant and a director of the company at a price of $2.00 per share, expiring five years from date of grant. This grant is subject to TSX Venture Exchange approval and shareholder approval at the 2006 annual general meeting.

Norsemont has previously accepted the resignation of Aly Mawji from the board of directors.

 http://new.stockwatch.com/swnet/newsit/...ymbol=NOM&news_region=C

2006-08-10 07:04 ET - News Release

Mr. Marc Levy reports

NORSEMONT CONTINUES TO EXPAND MINERALIZED ZONES IN STEP-OUT DRILLING AT THE CONSTANCIA PROJECT

Norsemont Mining Inc. has released results from five more phase II diamond drill holes targeting the Constancia and San Jose zones at the Constancia copper-molybdenum-silver porphyry project in southern Peru.

Highlights:

• hole CO-06-57: 84 metres at 0.81 per cent copper (0.93 per cent copper equivalent) and 80 metres at 0.82 per cent copper (0.96 per cent copper equivalent);

• hole CO-06-59: 16 metres at 0.75 per cent copper (0.89 per cent copper equivalent); and

• hole CO-06-61: 98 metres at 0.67 per cent copper (0.77 per cent copper equivalent) and 26 metres at 0.71 per cent copper (0.77 per cent copper equivalent).

"We continue to extend the mineralized zones with each step-out hole we drill," said Marc E. Levy, chief executive officer of Norsemont Mining. "Bob Baxter, Norsemont's recently appointed president, is currently at the Constancia site familiarizing himself with the project and staff. His experience and knowledge will help move this project toward development."

             TABLE 1: COPPER INTERSECTIONS AT CONSTANCIA PROJECT DRILL                                              Hole        From (m)      To (m)     Int.(m)     Cu (%)     Mo (%)     Ag (g/t)     CuEQ(1)                                                                                     CO-06-57       0.0         84.0       84.0       0.81       0.0095       6.67         0.93and          112.0        191.7       79.7       0.82       0.0154       4.40         0.96CO-06-58      86.0        100.0       14.0       0.39       0.0017       5.50         0.45and          174.0        190.0       16.0       0.52       0.0018       3.65         0.57CO-06-59     122.0        138.0       16.0       0.75       0.0150       4.24         0.89                                                              and          163.0        192.0       29.0       0.52       0.0024       5.18         0.58CO-06-60      76.0         94.0       18.0       0.44       0.0070       5.70         0.54CO-06-61     106.0        204.0       98.0       0.67       0.0104       3.46         0.77                                                                                     and          238.0        264.0       26.0       0.71       0.0040       3.11         0.77

Note 1: Copper equivalent values (CuEQ) are estimated using long-term metal prices including: copper $1.20 (U.S.) per pound, molybdenum $8.00 (U.S.) per pound and silver $7.50 (U.S.) per ounce. Adjustment factors to account for differences in relative metallurgical recoveries will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus Mo per cent times (8.00/1.20) plus Ag grams per tonne times 0.24/(1.20*22.05).

Drill hole CO-06-57 is located in the vicinity of hole CO-05-19 and extends the western margin of the known mineralization within the Constancia zone. The hole contains chalcopyrite-bearing skarn to a depth of approximately 120 metres, below which is secondary chalcocite and mixed chalcocite/chalcopyrite to the bottom of the hole at 191.7 metres.

Hole CO-06-58 extends the mineralization within the San Jose zone to the northeast. Copper mineralization is chalcopyrite in skarn.

Hole CO-06-59 extends the mineralization within the San Jose zone to the southeast. Copper mineralization is mixed secondary chalcocite and chalcopyrite in the upper portion, and chalcopyrite in skarn at depth.

Hole CO-06-60 extends the mineralization within the Constancia zone to the southwest. Copper mineralization is mixed secondary chalcocite and chalcopyrite.

Hole CO-06-61 extends the mineralization within the Constancia zone to the south. The hole contains copper mineralization as chalcopyrite in skarn in the upper portion, and mixed secondary chalcocite and primary chalcopyrite at depth.

The majority of future holes will be step-out holes on 100-metre centres, similar to the program carried out in 2005, for the purpose of calculating a resource estimate for the property. Two drill rigs are currently operating on site.

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, PGeo, Norsemont's qualified person as defined by NI 43-101, who has reviewed and approved the information contained in this news release. 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.

A plan map with drill hole locations is available on Norsemont's website.

We seek Safe Harbor.

centres on the San Jose and Constancia Zones, with Constancia being
the immediate priority. Some specific exploration targets beyond the
100 metre stepouts are also being planned for immediate drilling.
The company has completed over 6,100 metres out of a planned, second
phase 20,000 metre drill program.

"We are now planning to report an interim resource estimate in
September this year. We are clearly pleased with the results so far.
When we have defined the limits to the mineralization we are
planning to initiate a scoping study on the Constancia deposit which
will involve metallurgical testing, preliminary engineering and
process design," said President Bob Baxter.

The drilling program and geological studies at the Constancia
project are being supervised by Chief Geologist Dr. Thomas A.
Henricksen, P. Geo., Norsemont's Qualified Person as defined by NI
43-101, who has reviewed and approved the information contained in
this news release. 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.

A plan map with drill hole locations is available on Norsemont's
website at www.norsemont.com.

About Norsemont Mining

Norsemont Mining is a well structured, well financed exploration
company working in the America's, with a focus on Peru. The Company
is currently drilling the Constancia Copper-Molybdenum-Silver-Gold
project, and exploration is underway at the Amata Silver-Gold
property acquired from Rio Tinto.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter

President

Norsemont Mining Inc.

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.

ots Originaltext: Norsemont Mining Inc.
Im Internet recherchierbar: www.presseportal.de

Contact:
For further information: Brian Soregaroli, VP Corporate
Communications at: Phone: +1-(604)-669-9788 x109, Fax:
+1-(604)-669-9768, E-Mail: investors@norsemont.com, Web Site:
www.norsemont.com

Eine Mine zu erschließen dauert ca 10 Jahre. Bis dahin sind reichlich Investitionen fällig. Ob die Firma dies stemmen kann?

Bin bei Bullvestor Empfehlungen sehr vorsichtig geworden.

Paramount war noch vor Wochen ein fast tägliches Thema. Norsemont ebenso. Und jetzt und heute? Da werden noch nicht mal mehr Bohrergebnisse (Paramount) bekannt gemacht, weil -so vermute ich- Pollinger nicht mehr bezahlt wird.
In Canada wecken diese Nachrichten keinen Bären mehr auf. Die Kurse der Explorer sind weitgehend in Deutschland gemacht worden.

Für alle Investierten hoffe ich, dass der Einstand wieder gesehen wird.

Bullvestor Empfehlungen sind zu 90% üble Abzocke und ich würde niemals auf Grund
von deren Empfehlungen irgendwas kaufen. Für mich sind die ein unseröses
Schweineplatt! Ich hab in nem eigenen Thread vor Monaten bei Paramount gewarnt!

Aber Norsemont hab ich mir sehr genau angeschaut und bin nach wie vor von dem
Unternehmen und dem Management überzeugt!
Ok bis jetzt gabs nur Verluste aber hier besteht meiner Meinung nach einen
realistische Chance noch mit nem sehr guten Gewinn rauszugehen.

Sicher bis zur Miene dauert es noch einige Jahre und es ist eher unwahrscheinlich
das Norsemont die Mine eigenständig betreibt. Wäre eher die Ausnahme...

Aber ich denke das Projekt hat ein riesen Potenzial und der Kurs spiegelt das in
keinster Weise nach. Wart mal die Ressourcenschätzung oder später die
Scoping Studie ab!

Umsätze stimmen auch...

der September rückt näher und somit die erste Ressourcenschätzung.(hoffentlich)
     

 
     

+14% 1.74

naja wurde auch zeit!!!

In Frankfurt wird fleißig gehandelt - meist mehr als in Canada. Was auffällt ist, daß seit den Bullvestor-Empfehlungen der Kurs in Canada immer wieder mit kleinen Orderaufträgen ins Plus gehoben wird - gestern vor Handelsschluß von einem deutlichen Minus ins Plus, heute gleich bei Handelsbeginn. Ein Schelm der Böses dabei denkt...

es geht weiter...
NORSEMONT MINING INC $2.80 +0.25/+9.8%


Norsemont Mining Inc. (NOM)
As of August 23rd, 2006
Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price
Aug 22/06 Aug 10/06 levy, marc evan 10 - Acquisition in the public market Common Shares 1,000 $1.675
Aug 22/06 Aug 18/06 levy, marc evan 10 - Acquisition in the public market Common Shares 300 $1.846
Aug 22/06 Aug 16/06 levy, marc evan 10 - Acquisition in the public market Common Shares 100 $1.750
Aug 22/06 Aug 15/06 levy, marc evan 10 - Acquisition in the public market Common Shares 500 $1.714
Aug 22/06 Aug 11/06 levy, marc evan 10 - Acquisition in the public market Common Shares 100 $1.740
Aug 17/06 Aug 15/06 Ricci, Antonio 11 - Disposition carried out privately Common Shares -10,000 $3.350
Aug 12/06 Aug 10/06 levy, marc evan 10 - Acquisition in the public market Common Shares 500 $1.790
Aug 12/06 Aug 10/06 levy, marc evan 10 - Acquisition in the public market Common Shares 500 $1.710
Aug 12/06 Aug 10/06 levy, marc evan 10 - Acquisition in the public market Common Shares 500 $1.700
Aug 12/06 Aug 10/06 levy, marc evan 10 - Acquisition in the public market Common Shares 200 $1.750

ist erstmal schluss mit dem Anstieg.
Denke es wird dann biss zur Ressourcenschätzung im Sep. wieder etwas
runter gehen.

Nach der SChätzung wer weis...:-))

ich glaub ich hab mich getäucht..

SK 3.15 dollar. glaub aber trotzdem nicht das wir so einfach da durchgehen.

Wenn doch solls mir recht sein!:-)

Dacht bisher, die Umsätze würden nur in Frankfurt gemacht.
Bin gespannt, was heute hier aus den Vorgaben gemacht wird.

erstmal... $2.86 -0.38/-11.73% fragt sich nur wie lange...

@louplu was war Dein Einstiegskurs?

wieder solide bis sehr gute Ergebnisse.
So wächst und wächst die Ressource beständig weiter...


www.newswire.ca/en/releases/archive/August2006/30/c9535.html

VANCOUVER, Aug. 30 /CNW/ - Norsemont Mining Inc. ("Norsemont" or "the
Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN:
CA6565291045) is pleased to announce results from five more Phase II diamond
drill holes targeting the Constancia and San Jose Zones at the Constancia
Copper-Molybdenum-Silver Porphyry Project in southern Peru.

   <<
   Highlights:

   -   Hole CO-06-62:   96 metres at 0.70% Copper (0.83% Copper Equivalent)
   -   Hole CO-06-63:   82 metres at 1.10% Copper (1.28% Copper Equivalent)
   -   Hole CO-06-64:   76 metres at 0.70% Copper (0.77% Copper Equivalent)
   -   Hole CO-06-65:   75 metres at 0.61% Copper (0.74% Copper Equivalent)
             and       148 metres at 0.91% Copper (1.01% Copper Equivalent)

            TABLE 1:  COPPER INTERSECTIONS AT CONSTANCIA PROJECT

     DRILL     FROM      TO       INT.     Cu       Mo       Ag
     HOLE       (m)      (m)      (m)      (%)      (%)     (g/t)   CuEQ(1)
   --------------------------------------------------
   CO-06-62     2.0      8.0      6.0      0.62    0.0033    12.8     0.76
     And       16.0     36.0     20.0      0.66    0.0019    6.33     0.73
     And       52.0    148.0     96.0      0.70    0.0110    5.70     0.83
     And      154.0    166.0     12.0      0.75    0.0042    2.42     0.80
     And      188.0    290.0    102.0      0.42    0.0250    3.40     0.62

   CO-06-63    60.0    142.0     82.0      1.10    0.0150    8.33     1.28

   CO-06-64   162.0    324.0    162.0      0.53    0.0075    3.12     0.61
     incl.    248.0    324.0     76.0      0.70    0.0053    3.48     0.77

   CO-06-65    68.7    144.0     75.4      0.61    0.0113    5.60     0.74
     And      188.0    336.0    148.0      0.91    0.0081    5.50     1.01

   CO-06-66   112.0    150.0     38.0      0.37    0.0055    3.22     0.44
   >>

   Note 1: Copper equivalent Values (CuEQ) are estimated using long-term
metal prices including: Copper US$1.20 per lb, Molybdenum US$8.00 per lb, and
Silver US$7.50 per oz. Adjustment factors to account for differences in
relative metallurgical recoveries will depend upon the completion of
definitive metallurgical testing.
   CuEQ equals Cu per cent plus Mo percent times (8.00/1.20) plus Ag grams
per tonne times 0.24/(1.20(*)22.05).

   "I am highly encouraged to see such consistent drill results over
significant intervals, with good grade continuity," said Robert W. Baxter,
President of Norsemont Mining Inc. "We continue to push out the extent of the
Constancia Zone as we build our model of the deposit and work on our
preliminary resource estimate."
   Drill hole CO-06-62 extends the known mineralization on the southeast
side of the Constancia Zone. The hole contains chalcopyrite-bearing skarn,
secondary chalcocite and mixed chalcocite/chalcopyrite.
   Hole CO-06-63 was drilled in the northwest sector of the Constancia Zone
in an area thought to be beyond the extent of secondary copper mineralization.
However, the hole contained secondary chalcocite and mixed
chalcocite/chalcopyrite mineralization, extending the mineralized zone in this
area and prompting the drilling of holes CO-06-65 and -66, as detailed below.
   Hole CO-06-64 extends the known area of mineralization within the
Constancia Zone to the southwest. The hole contains both chalcopyrite-bearing
skarn and secondary copper mineralization.
   Hole CO-06-65 builds on the success of hole CO-06-63, extending the known
mineralization within the Constancia Zone further to the northwest. The hole
contains chalcopyrite and significant chalcocite.
   Hole CO-06-66 was drilled from the same location as hole CO-06-63, in the
northwest part of the Constancia zone; however, the hole was drilled to the
northeast, toward 2005 holes with thinner intersections. As expected, a
relatively thin, lower grade zone was intersected containing chalcopyrite with
some chalcocite.
   The majority of planned future holes will be step-out holes on 100 metre
centres, for the purpose of defining the extent of mineralization and
calculating a preliminary resource estimate for the property. Three drill rigs
are currently operating on site.
   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, who has reviewed and approved the information
contained in this news release. 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.

   A plan map with drill hole locations is available on Norsemont's website
at www.norsemont.com.

   About Norsemont Mining
   Norsemont Mining is a well structured, well financed exploration company
working in the America's, with a focus on Peru. The Company is currently
drilling the Constancia Copper-Molybdenum-Silver project, and exploration is
underway at the Amata Silver-Gold property acquired from Rio Tinto.

   ON BEHALF OF THE BOARD OF DIRECTORS,

   Robert W. Baxter
   President
   Norsemont Mining Inc.

   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.

im Gestein eine entscheidende Rolle. Je
mehr Erz sich in einer Tonne Gestein befindet,
umso geringer sind die Abbaukosten.
Positiv, weil grundsätzlich billiger, ist die
Förderung im Tage- statt im Untertagebau.

Auf Abbaukosten achten!
Apropos Kosten: Investoren sind zudem gut
beraten, die bei der Rohstoff-Gewinnung
„Cash Costs“ eines Unternehmens genau im
Blick zu behalten. Liegt der Weltmarktpreis
eines „Naturschatzes“ über den Abbaukosten,
explodieren die Gewinne der
betreffenden Gesellschaft regelrecht. Dieses
Phänomen wird gemeinhin auch als
„Hebeleffekt“ bezeichnet. Ein Beispiel: Betragen
die „Cash Costs“ für die Förderung
von einer Unze Gold 400 US-Dollar bei einem
Goldpreis von 500 US-Dollar verdient
der Produzent 100 US-Dollar je Feinunze.
Steigen die Notierungen des „gelben Metalls“
nun auf 600 US-Dollar pro Feinunze
(20 Prozent), verdoppelt sich der Unternehmensertrag
auf 200 US-Dollar für jede
abgebaute Unze. Liegt der Verkaufspreis
jedoch auch nur knapp unter den „Cash
Costs“, kann die Firma erhebliche Verluste
einfahren. Dem Aktienkurs bekommt das für
gewöhnlich nicht sonderlich gut.

Kupfer und Kupfer Equivalent sind verschiedene Dinge.

und Norsemont ist gerade dabei aus den momentan über 60 Bohrungen
eine NI43-101 konforme Resourcenschätzung zu erstellen.
im September soll eine vorläufige schätzung kommen! dann schauen wir mal weiter...

Schau dir doch mal andere produzierende Kupferminen in Peru an.
Was haben die für ein Kupfergehalt?:-)

und ich weis was Kupfer und Kupfer Equivalent bedeutet!
Klar ist auch das bei Cyanide Leaching  kein moly oder anderes gefördert werden kann.
Von daher steht auch noch nicht fest welches Produktionsverfahren angewendert
werden soll. Ist auch noch nicht aktuell. Von daher sollte man nur auf den
Kupfergehalt schauen!!

was die seriösität des Unternehmens und der Unternehmensführung weiter
unterstreicht.

NOTICE OF CHANGE OF AUDITOR – NATIONAL INSTRUMENT 51-102 – SECTION 4.11

TAKE NOTICE THAT:
Effective as of June 1, 2006, the Board of Directors of Norsemont Mining Inc. (the “Corporation”) has decided not to propose I. J. Boga, Chartered Accountant, for reappointment as the auditor of the Corporation and the Board of Directors of the Corporation has determined to propose, to the holders of common shares of the Corporation, KPMG LLP, Chartered Accountants, for appointment as the auditors of the Corporation until the next annual meeting of the Corporation.

TAKE FURTHER NOTICE THAT:
(a) the termination of I .J. Boga, Chartered Accountant, and appointment of KPMG LLP, Chartered Accountants, were considered and approved by the audit committee of the Corporation’s board of directors and the Corporation’s board of directors;

(b) there were no reservations in the report of I. J. Boga, Chartered Accountant, on the Corporation’s financial statements relating to the “relevant period” (as that term is used in Section 4.11 of National Instrument 51-102);

(c) in the opinion of the Corporation, there are no “reportable events” (as that term is used in Section 4.11 of National Instrument 51-102).

DATED this 5th day of July 2006.
BY ORDER OF THE BOARD OF DIRECTORS NORSEMONT MINING INC. “Marc E. Levy” Marc E. Levy CEO and Director

im september sollte die Resourcenschätzung kommen.
Und so wie es aussieht kommt sie spät aber sie kommt!:-)
Und wenn ich mir das plus der letzten Tage anschaue fällt die wohl nicht
schlecht aus!


Market Regulation Services - Trading Halt - Norsemont Mining Inc. - NOM

VANCOUVER, Sept. 29 /CNW/ - The following issues have been halted by Market Regulation Services (RS):

Issuer Name: Norsemont Mining Inc.

TSX-V Ticker Symbol: NOM

Time of Halt: 9:13 EST

Reason for Halt: Pending News  

volle zustimmung!!

"NOM has copper in southern Peru.

NOM has been weak for months because of the lack of credible news and any promotion going on. ( they have had nothing to promote for most of this year ever since they banked the $14 million at $4.00 )

NOM has hired new office admin staff and seasoned field crews down in southern Peru.

NOM`s outside consultants have been very slow to produce this first 43-101 and this has hurt management`s credibility with shareholders to be sure. The 43-101 will arrive and the copper will still be there in place on site regardless of what we all say or think. Management needs to do a better job of interacting with outside consultants for the future.

NOM clearly needs to fly some credible larger brokers and analysts down to the base camp for walking tours as well as some credible news writers. It is now summer in South America so the weather is getting decent for such site tours.

NOM needs to take RAB`s warrant money into the treasury to the tune of over $4.4 million and get it over with already.

NOM needs to issue a first report on Amata and stop fooling around on it . They have had a crew on site since mid March this year. Is there silver there or not ? It`s very simple gents! Who is supervising this field crew ? Do they not report in to head office ?

NOM needs to get off it`s behind and do some new deals and not wait around for that one " perfect deal ". There is no such deal present in the real world and too much time and money is getting wasted searching for one. Be realistic and put the word out you are ready to come to the table and deal before the next ice age sets in.

When the first 43-101 does come out,... go to Europe and across Canada and USA and conduct proper road shows not bothering to waste any time with rounders and flakes.

Obtain a listing in Toronto and on the Amex and move up in the food chain of life. Pretty simple management #101 stuff gents."

Steht hier ein Split oder besondere Unternehmensnachrichten an.?
Der Anstieg deutet eher auf positive Nachrichten hin.

Trading Halt! Reason: kommende Nachrichten

Heute sollten die News kommen! Wird spannend!:-)

die wie ich finde im Rahmen der Erwartungen liegt!
Fast 2 Millarden Pound Copper ca. 50 Mio Pounds Moly und ca. 20 Mio Unzen Silver.
Sehr wichtig wird jetzt die metallurgical study sein die auch im October kommen soll.

Aber ich denke mit der ERSTEN Schätzung können wir sehr zu frieden sein. Stepp Out Bohrungen laufen
und Infill Bohrungen werden nächstes Jahr verstärkt vortgesetzt die die Resource noch deutlich anheben dürften.
Ich rechne mit ca. mind. 3-4 Millarden Pound.

Ich hatte ja zwischenzeitlich fast an mir gezweifelt aber jetzt bin ich mir umso sicherer das Norsemont wird seinen
Weg gehen wird!Der zweifelsohne noch sehr lang ist. Aber jetzt hat man auch was in den Händen was
man vorzeigen kann. Jetzt kann und muss die IR Abteilung loslegen. Hier ist noch grosser Nacholebedarf.

10/03/06
NORSEMONT REPORTS 1.23 BILLION POUNDS OF COPPER AS INFERRED RESOURCES PLUS 749 MILLION POUNDS AS INDICATED RESOURCES WITH SIGNIFICANT MOLYBDENUM AND SILVER AT THE CONSTANCIA PROJECT - [CONFERENCE CALL AT 11.00AM (PT), OCTOBER 4, 2006]

Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is pleased to announce results of an Initial Resource Estimate on the Constancia Copper-Molybdenum-Silver Porphyry Project in southern Peru.

An independent mineral resource estimate has been completed on the Constancia and San Jose Zones of the Constancia Project in Southern Peru. The report estimates an Inferred Resource of 103.9 million tonnes grading 0.537% copper, 0.014% molybdenum and 3.9 g/t silver (0.67% Cu-Equivalent) at a cutoff grade of 0.2% copper, as well as an Indicated Resource of 57.7 million tonnes grading 0.589% copper, 0.015% molybdenum and 4.1 g/t silver (0.73% Cu-Equivalent) at a cutoff grade of 0.2% copper (Table 1). The resource estimate for the Constancia Property also contains small amounts of gold (~0.06 g/t), which has not been reported in the resource table.

Copper equivalent values are estimated using long-term metal prices including: Copper US$1.20 per lb, Molybdenum US$8.00 per lb, and Silver US$7.50 per oz. Adjustment factors to account for differences in relative metallurgical recoveries will depend upon the completion of definitive metallurgical testing. Cu-Equivalent equals Cu per cent plus Mo percent times (8.00/1.20) plus Ag grams per tonne times 0.24/(1.20*22.05).

The Inferred Resources at a 0.2% copper cutoff contains 1.23 billion pounds of copper, 32 million pounds of molybdenum and 13.0 million ounces of silver. The Indicated Resources at a 0.2% copper cutoff totals 749 million pounds of copper, 19 million pounds of molybdenum and 7.6 million ounces of silver (Table 2).

Copper composites were capped at 4.5% Cu, molybdenum composites were capped at 0.20% Mo, and silver composites were capped at 65 g/t during interpolation. Composites were capped during interpolation because composites are approximately equal to assays.

The resource estimate for the Constancia Property was tabulated under the current topography surface with copper as the primary element. Copper, molybdenum and silver grades were interpolated using a grade-block model utilizing an inverse distance squared method. Table 1 includes resources from the San Jose and Constancia Zones. The resources for the Constancia Property are classified as Indicated and Inferred and are based on a maximum (true) distance of 70 metres from the closest sample. Indicated resources were defined using a 30 metre range in areas of close spaced drilling. Indicated Resources have not been defined at the San Jose Zone.

Table 1: Initial Resources Estimate, Constancia Project, September 2006

Cut-off Grade	Tonnes	Copper Grade	Molybdenum Grade	Silver Grade
(% Cu)	(Million)	(% Cu)	(% Mo)	(g/t Ag)
Indicated Resources
0.5	30.1	0.802	0.015	4.8
0.4	39.5	0.718	0.015	4.5
0.3	50.4	0.638	0.015	4.2
0.25	54.6	0.610	0.015	4.2
0.2	57.7	0.589	0.015	4.1
Inferred Resources
0.5	45.1	0.775	0.014	4.9
0.4	63.7	0.678	0.014	4.5
0.3	87.7	0.588	0.014	4.1
0.25	98.2	0.555	0.014	3.9
0.2	103.9	0.537	0.014	3.9

Table 2: Contained Metal, Constancia Project, September 2006

Resource Category	Copper (million lbs)	Molybdenum (million lbs)	Silver (million oz)
Indicated	749	19.1	7.6
Inferred	1,230	32.1	13.0

The Constancia Project is located between Xstrata Resources' Tintaya Mine and Las Bambas copper project in Southern Peru. Norsemont Mining is earning up to 70% of the Constancia Project from Rio Tinto by way of project expenditures, cash payments and the issue of common stock, the details of which can be found on the company's website (www.norsemont.com). Mitsui Mining retains a 30% interest in the project.

"I am highly encouraged to see such a robust initial resource estimate," said Robert W. Baxter, President of Norsemont Mining Inc. "We continue to expand the extent of the deposit on 100 metre step out drill holes on the Constancia Zone to the south, east and west. We currently have three diamond drill rigs on site, working two shifts per day. The current focus is the Constancia Zone; however, there are a number of other targets including extensions to the San Jose and Constancia Zones, as well as additional geophysical and geochemical anomalies that warrant follow-up. We are also currently reviewing drill orientations in certain structurally controlled areas of the deposit to assist in potentially increasing the overall grade of the deposit in future drilling. This resource estimate is not broken down into supergene and hypogene mineralization."

"This resource clearly demonstrates that the Constancia deposit is a large, well defined copper deposit which remains open to expansion. We look forward to advancing the project through our ongoing engineering studies. The Company will commence a trade-off metallurgical study in October which will focus on heap leaching versus milling and flotation. I am confident that given the strong outlook for copper prices in the next 5 years, and beyond, that the Constancia deposit with this initial resource estimate will prove to be a significant project for Norsemont."

Independent geologist James A. McCrea, P.Geo and a Qualified Person as defined by National Instrument (NI) 43-101, was responsible for the mineral resource estimate dated September 26, 2006. Mr. McCrea has read and approved the contents of this news release. The resource estimate has components of both Indicated and Inferred Mineral Resources, consistent with the CIM definitions referred to in NI 43-101. This estimate will be filed in a Technical Report compliant with NI 43-101 on SEDAR within 45 days. Mineral resources which are not mineral reserves have not demonstrated economic viability. Norsemont is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues which may materially affect its estimate of mineral resources.

Quality Control

The resource estimate is based upon 95 diamond drill holes totaling 24,994 metres completed by Rio Tinto and Norsemont through to the end of August 2006. Norsemont has completed 72 holes and Rio Tinto had previously drilled 23 holes that are included in this resource estimation.

The core from Rio Tinto's 2004 drilling was sent to and analysed at ALS Chemex Laboratories in Lima for copper, molybdenum, gold and silver. Core samples were 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 Rio Tinto 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. Drill core was sampled each 2m after logging. Some sample length changes were made when lithological or mineralogical boundaries where important and sample lengths met those boundaries. In general, contacts between high grade and low-grade samples (visually estimated) correspond with the sample boundaries. In some visually determined low copper grade intervals, sample length was increased to 3-metres. Half core was sampled after it was symmetrically cut with a core saw.

The drilling program and geological studies during 2005 and 2006 at the Constancia project for Norsemont were supervised by Dr. Thomas A. Henricksen, P. Geo., Norsemont's Qualified Person as defined by NI 43-101, who has reviewed and approved the information contained in this news release. 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.

A plan map with drill hole locations and the resource outline is available on Norsemont's website at www.norsemont.com. Other geological data including cross sections will be made available with the NI 43-101 Technical Report which is to be posted on SEDAR within 45 days of this press release.

Conference Call

Norsemont Mining will hold an investor conference call on Wednesday, October 2nd, 2006, at 11:00 a.m. Pacific Time. Marc E. Levy, CEO and Robert (Bob) Baxter, President, will review the initial resource estimate and Norsemont's plans to develop the Constancia deposit with analysts and investors. Following their remarks there will be a question and answer session.

To join the call dial:

Toll Free in North America: 1-800-525-6384
International: 780-409-1668


To access a replay of the call until 11:00 a.m. (PT) on October 7th, 2006:

Toll Free in North America: 1-888-567-0782
International: 402-220-2884
Pass Code: 7956580


About Norsemont Mining
Norsemont Mining is a well structured, well financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Copper-Molybdenum-Silver project.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter
President
Norsemont Mining Inc.


For more information contact Brian Soregaroli, VP Corporate Communications at:
Phone: 604-669-9788 x109
Fax: 604-669-9768
E-Mail: investors@norsemont.com
Web Site: www.norsemont.com


The TSX Venture Exchange has reviewed this release. We seek Safe Harbor.

In CAN z. Zt. minus 10,71 %, bei hohen Umsätzen.

Gruß
uS

teilweise wurden 4 Milliarten geschätzt.
Hab aber fast mit solch einer Reaktion gerechnet.
Sell on good News...

Kupferäquivalent)

"Wir sind sehr erfreut darüber, dass Constancia weiterhin
aufregende Ergebnisse hervorbringt und dass sich die mineralisierte
Zone fortlaufend erweitert", kommentierte der Präsident von
Norsemont, Bob Baxter. "Diese Reihe von Bohrlöchern enthält
Ergebnisse vom nordwestlichen, westlichen und südwestlichen Sektor
(CO-06-098, CO-06-100 und CO-06-101) mit beeindruckenden
Durchkreuzungen, und dem südöstlichen Sektor (CO-06-096 und 097) mit
Durchkreuzungen, welche größer als 150m sind. Die derzeitigen
Bohrungen zeigen, dass die Mineralisierung nach wie vor nach
Südwesten, Südosten, Westen, Nordwesten und Südwesten hin offen ist.
Zusätzliche Bohrungen im nordwestlichen Sektor der Lagerstätte
(CO-06-095 und 099) weisen darauf hin, dass die Mineralisierung in
diesem Gebiet dünner wird. Wir beendeten das Jahr 2006 mit 20.500
Metern an Kernbohrungen (geplant waren nur 20.000) und nahmen die
Bohrungen Anfang Januar wieder auf. Derzeit bohren wir Loch
CO-06-108.

Wir planen nun, unsere anfängliche Ressourcenschätzung zu
aktualisieren und im ersten Quartal 2007 zu veröffentlichen. Danach
werden wir unser anfängliches "Preliminary Economic Assessment" auf
dem Projekt beginnen."

Die Bohrlöcher CO-06-096 und 097 wurden nahe dem Kontakt zwischen
dem Intrusivgestein und den Kalksteinen in der südöstlichen Zone des
Projekts gebohrt. Beide Löcher durchkreuzten lange Strecken von
Mineralisierung mit hohen Kupfergraden, Molybdän (bis zu 900ppm) und
Silber (bis zu 65 g/t).

Bohrloch CO-06-100 in der westlichen Hälfte der Lagerstätte
bestätigte die Verlängerung der Mineralisierung, welche CO-06-079
(100 Meter nach Osten, 330 m @ 0,42% Cu) und CO-06-087 (100 Meter
nach Osten und Norden, 66 m @ 0,79% Cu und 120m @ 0,28% Cu)
durchkreuzten. Die Mineralisierungszone wird durch weitere
100-Meter-Stepout-Löcher getestet.

Das Unternehmen berichtete, dass es "Snowden and Associates" unter
Vertrag genommen hat, um die nächste Ressourcenkalkulation und den
43-101-technischen Bericht für das Constancia-Kupferprojekt
durchzuführen. Norsemont möchte weiters bekannt geben, dass es
"Vector Engineers" ausgewählt hat, um eine "Environmental Baseline
Study" abzuschließen. Eine "Socio-Economic Baseline Study" und ein
"Stakeholder Mapping program" wurde an die "Social Capital Group"
vergeben.

Tabelle 1 Kupferdurchkreuzungen auf dem Constancia-Projekt

Loch Azimut Neig. Von Bis Abschn.Cu Mo Ag CuEq
CO-06-083 10 -80 198.00 216.00 18.00 0.42 0.02 2.44 0.55
einschl. 204.80 212.00 7.20 0.43 0.02 2.86 0.59
222.00 263.40 41.40 0.65 0.02 6.33 0.83
einschl. 238.00 262.00 24.00 0.85 0.02 8.82 1.08
308.00 331.80 23.80 0.91 0.00 12.20 1.04
einschl. 319.35 331.80 12.45 1.19 0.00 16.93 1.35
338.00 350.00 12.00 0.71 0.02 8.45 0.89
398.00 420.00 22.00 0.37 0.00 2.06 0.40
einschl. 403.40 406.00 2.60 0.66 0.00 5.70 0.75
und 410.00 414.50 4.50 0.65 0.00 2.0 0.68
CO-06-094 45 -60 24.00 168.00 144.00 0.86 0.02 6.38 1.04
einschl. 24.00 41.25 17.25 1.17 0.02 11.75 1.38
und 70.00 82.00 12.00 1.36 0.03 5.20 1.58
und 94.00 116.00 22.00 0.62 0.02 4.07 0.79
und 122.00 132.00 10.00 0.93 0.01 7.74 1.06
und 138.00 166.00 28.00 1.41 0.01 9.52 1.56
242.00 278.00 36.00 0.27 0.00 3.43 0.31

CO-06-095 225 -50 184.00 202.00 18.00 0.40 0.01 14.03 0.57
214.00 242.30 28.30 0.28 0.01 6.48 0.39
274.00 308.00 34.00 0.20 0.00 2.91 0.25

CO-06-096 270 -60 2.00 12.00 10.00 0.40 0.00 8.40 0.48
16.00 35.60 19.60 0.47 0.01 2.38 0.54
einschl. 28.00 35.60 7.60 0.71 0.01 3.83 0.79
60.00 280.00 220.00 0.55 0.02 3.26 0.69
einschl. 120.00 151.30 31.30 0.72 0.00 1.82 0.75
und 154.00 174.00 20.00 0.63 0.01 3.66 0.70
und 178.00 240.00 62.00 0.63 0.03 5.05 0.87
312.90 344.00 31.10 0.24 0.01 2.89 0.35

CO-06-097 270 -60 218.00 380.00 162.00 0.62 0.02 5.73 0.78
einschl. 248.00 280.00 32.00 0.64 0.01 5.72 0.74
504.00 516.00 12.00 0.29 0.01 3.50 0.40

CO-06-098 135 -60 318.00 386.00 68.00 0.29 0.01 3.19 0.42
520.00 534.00 14.00 0.20 0.01 5.15 0.30

CO-06-100 90 -60 20.00 58.00 38.00 0.58 0.02 3.79 0.76
einschl. 38.00 54.00 16.00 0.89 0.03 5.19 1.15
78.00 106.00 28.00 0.83 0.02 5.92 1.04
einschl. 86.00 100.50 14.50 1.09 0.03 5.03 1.31
112.00 124.00 12.00 0.30 0.02 4.15 0.48
128.00 160.00 32.00 0.32 0.01 3.47 0.42
166.00 196.00 30.00 0.24 0.04 3.17 0.52
230.00 244.00 14.00 0.35 0.02 1.50 0.51
280.00 296.00 16.00 0.19 0.01 1.14 0.24
300.00 370.00 70.00 0.41 0.01 10.46 0.59
einschl. 340.00 360.00 20.00 0.72 0.02 24.85 1.07
418.00 510.00 92.00 0.41 0.01 4.41 0.50
einschl. 418.00 430.00 12.00 0.74 0.01 10.97 0.92
514.00 536.35 22.35 0.26 0.01 2.53 0.34

CO-06-101 45 -60 23.50 98.00 74.50 1.07 0.04 8.15 1.45
einschl. 23.50 33.85 10.35 1.42 0.01 16.63 1.63
und 42.00 55.70 13.70 1.93 0.03 16.09 2.25
und 62.00 92.00 30.00 0.97 0.05 3.95 1.31

Bemerkung 1: Kupferäquivalentwerte (CuEQ) wurden mit Hilfe von
Langzeit-Metallpreisen geschätzt, einschließlich: Kupfer US$1,20 pro
lb, Molybdän US$8,00 pro lb, Gold US$450 pro oz. und Silber US$7,50
pro oz. Anpassungsfaktoren hängen vom Abschluss der definitiven
metallurgischen Tests ab. CuEQ entspricht Cu Prozent plus Mo Prozent
(8,00/1,20) plus Au Gramm pro Tonne 14,47/(1,20*22,05) plus Ag Gramm
pro Tonne 0,24/(1,20*22,05).

Das Bohrprogramm und die geologischen Studien am
Constancia-Projekt werden von Dr. Robert Baxter, die für Norsemont
zuständige und laut NI43-101 qualifizierte Person, überwacht.
Bohrkerne wurden mit einer Diamantsäge geteilt, wobei eine Hälfte des
Kerns in Säcken versiegelt wurde und zu den ALS Chemex Assay Labors
in Lima, Peru, geschifft wurde. Das Programm beinhaltet ein
umfassendes Qualitätskontrollprogramm. Weitere Labore wurden
ebenfalls für Kontroll-Proben genutzt.

Art C. Freeze, P. Geo., Direktor von Norsemont und eine laut
NI43-101 qualifizierte Person hat die in dieser Pressemitteilung
enthaltenen Informationen geprüft.

Eine Karte mit der Lage der Bohrlöcher wird in Kürze auf der
Webseite von Norsemont unter www.norsemont.com verfügbar sein.

Über Norsemont Mining
Norsemont Mining ist ein gut strukturiertes und gut finanziertes
Explorationsunternehmen, das in Amerika arbeitet, mit einem
Schwerpunkt auf Peru. Das Unternehmen konzentriert sich derzeit auf
Bohrungen auf dem Constancia Kupfer-Molybdän-Silber Projekt, einer
Joint-Venture mit "Rio Tinto".

Im Namen des Vorstands von Norsemont Mining Inc.

Robert W. Baxter
Präsident

wird abverkauft. Diese Aktie ist für mich einfach ein Rätsel. Ich versteh
das echt nicht!!
Gibt es die Firma gar nicht? Gibt es die Bohrungen nicht?(scherz)

Vielleicht bin ich ja blind? Kann mich irgendjemand aufklären?
Mir fällt dazu echt nichts mehr ein...

würde ich diese verfickte Firma aufkaufen!

und der Kurs steigt zur Abwechslung auch mal wieder und das bei sehr hohen
Umsätzen.

Wenn die Ziele erfolgreich erreicht werden, sollte 2007 endlich mal ein gutes
Jahr werden.

Next Steps Projects Constancia
• Metallurgical Trade-off Study (Q1 2007)
• Updated Resource Estimate (Q1 2007)
• Scoping Study (Q3 2007)
• Phase 3 Drilling (2007)
• Senior Exchange Listing(s)
• Acquisition of Other Projects
• Near Constancia
• Advanced Stage
• Market Awareness (Trade shows, Road shows, Analysts, etc.)
• Feasibility Study planned beginning Q1 2008
• Anticipated production 2010

hoffe wir haben das tief endlich gesehen...


bigcharts.marketwatch.com/charts/...gs=1&rand=9349&mocktick=1" style="max-width:560px" >

der Chart sieht wieder viel besser aus. 2,50 CAD könnten bald wieder drin sein.
Unterstützung könnte von der im Q1 anstehenden neuen Resourcenschätzung kommen.
Ausserdem soll die Metallurgical Trade-off Study in q1 kommen.

wird spannend...

das seit tagen die Board member kaufen...
hier die letzten 10

Norsemont Mining Inc. (NOM)
          §As of February 25th, 2007
Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price
Feb 25/07 Feb 22/07 levy, marc evan 10 - Acquisition in the public market Common Shares 2,000 $1.790
Feb 25/07 Feb 22/07 levy, marc evan 10 - Acquisition in the public market Common Shares 1,000 $1.816
Feb 25/07 Feb 22/07 levy, marc evan 10 - Acquisition in the public market Common Shares 1,000 $1.800
Feb 25/07 Feb 22/07 levy, marc evan 10 - Acquisition in the public market Common Shares 500 $1.790
Feb 25/07 Feb 19/07 levy, marc evan 10 - Disposition in the public market Common Shares -7,800 $1.792
Feb 23/07 Feb 22/07 Ricci, Antonio 10 - Acquisition in the public market Common Shares 6,000 $1.760
Feb 23/07 Feb 21/07 Ricci, Antonio 10 - Acquisition in the public market Common Shares 20,000 $1.740
Feb 23/07 Feb 13/07 Baxter, Robert William 10 - Acquisition in the public market Common Shares 70,100 $1.750
Feb 22/07 Feb 22/07 Baxter, Robert William 10 - Acquisition in the public market Common Shares 7,800 $1.740
Feb 22/07 Feb 22/07 Baxter, Robert William 10 - Acquisition in the public market Common Shares 15,000 $1.780

This press release includes results received since January 16, 2007. On January 15, 2007, the company put a freeze on the data to revise, check and submit the drilling and assay information to Snowden and Associates to carry out the next resource calculation and 43-101 technical report on the Constancia Copper Project.

Most holes since the October resource estimate have been drilled in 100 metres step outs, however some drill holes were used to better interpret the geological model.

Norsemont is also pleased to confirm that Vector is carrying the Environmental Impact Study with personal on site permanently. The field work for the archaeological and water resource components are nearly finished. At the same time, Capital Social Group began its field reconnaissance on the effects of a project of this size in the communities and adjoining townships.

Drilling Highlights

CO-07-109: 38.7 metres at 1.69% Copper and 9.29 ppm silver (1.81% Copper Equivalent)
CO-06-102: 92 metres at 0.32 % Copper (0.37 Copper Equivalent)
CO-06-104: 36 metres at 0.76% Copper and 0.07% Mo (1.26 Copper Equivalent)
CO-06-105: 16 metres at 1.45% Copper (1.66 Copper Equivalent)
36 metres at 1.13% Copper (1.23% Copper Equivalent)
CO-06-107: 46 metres at 0.30% Copper (0.33% Copper Equivalent)
58 metres at 0.36% Copper (0.45% Copper Equivalent)

Drill holes 102 and 103 were drilled in 100 metres step-outs to the eastern side of the body where the mineralization seemed to thin out. However 102 shows an extension of mineralised zone in 074 (100 m to the north, 112 at 0.44% Cu), 070 (100 m to the west, 148 m at 0.51% Cu, plus another 100 metres in shallower intercepts) an 073 (100 m north and west, 104 m at 0.47% Cu). 103 have shorter intercepts and maybe limiting the body extension to the west.

Holes 105, 106 and 107 were drilled as step-out of the south-west Monzonite – sediments (skarn) boundary. All these holes show mineralization in the skarn developed along the Monzonite contact. Samples from these holes return high grade zinc (up to 5.4%) associated with silver up to 64 ppm.

Drillholes 104 and 108 were drilled in the southwest of the deposit, along a new, not well defined skarn zone. This zone, that may extend to the north-west and is characterised by higher silver content. Additional drilling will better delimit this zone.

Drill hole 109 was drilled to the north west of the main area, about 900 metres from the San José Pit, and 710 metres from the nearest drill hole. Aim of this hole was to test a large magnetic anomaly with associated skarn mineralization on surface. It intercepted a zone of high grade skarn (1.69% Cu over 38.7 metres) with long zinc intercepts that are not related to copper.

Table 1: Copper Intersections at the Constancia Project

Drillhole ID, Azimuth, Inclination, From, To, Length, Cu %, Mo %, Ag ppm, CuEq
CO-06-102, 225, -60, 52.00, 62.00, 10.00, 0.20, 0.00, 2.24, 0.22
, , , 304.00, 316.00, 12.00, 0.22, 0.00, 4.37, 0.26
, , , 320.00, 412.00, 92.00, 0.32, 0.00, 3.96, 0.37
, , , , , , , , ,
CO-06-103, 315, -60, 332.00, 352.00, 20.00, 0.27, 0.00, 4.61, 0.31
, , , 356.00, 371.55, 15.55, 0.23, 0.00, 4.15, 0.27
, , , , , , , , ,
CO-06-104, 45, -60, 98.00, 134.00, 36.00, 0.76, 0.07, 4.73, 1.26
, , Including, 102.00, 112.00, 10.00, 0.46, 0.07, 2.38, 0.94
, , and, 116.00, 122.00, 6.00, 0.73, 0.06, 4.20, 1.19
, , and, 126.00, 134.00, 8.00, 1.62, 0.04, 10.02, 1.99
, , , 249.10, 278.00, 28.90, 0.42, 0.00, 2.93, 0.46
, , Including, 256.00, 272.00, 16.00, 0.56, 0.00, 3.34, 0.60
, , and, 284.00, 287.40, 3.40, 1.01, 0.00, 3.34, 1.04
, , , , , , , , ,
CO-06-105, 315, -70, 262.00, 280.00, 18.00, 0.24, 0.00, 2.56, 0.26
, , , 283.60, 296.00, 12.40, 0.27, 0.00, 3.23, 0.31
, , , 374.00, 385.10, 11.10, 0.37, 0.03, 3.75, 0.62
, , , 395.55, 412.00, 16.45, 1.45, 0.01, 14.50, 1.66
, , , 416.00, 452.00, 36.00, 1.13, 0.00, 8.09, 1.23
, , , , , , , , ,
CO-06-106, 315, -60, 232.00, 244.00, 12.00, 0.36, 0.00, 3.69, 0.41
, , Including, 232.00, 236.05, 4.05, 0.73, 0.00, 7.55, 0.83
, , , 250.00, 264.00, 14.00, 0.34, 0.00, 3.90, 0.37
, , , 276.00, 322.00, 46.00, 0.30, 0.00, 3.06, 0.33
, , , 328.00, 386.00, 58.00, 0.36, 0.01, 3.62, 0.45
, , , , , , , , ,
CO-06-107, 315, -60, 316.00, 328.00, 12.00, 0.49, 0.00, 4.02, 0.52
, , Including, 322.00, 326.00, 4.00, 0.73, 0.00, 5.60, 0.79
, , , 360.00, 383.10, 23.10, 0.55, 0.00, 3.69, 0.60
, , including, 372.00, 383.10, 11.10, 0.64, 0.00, 3.79, 0.69
, , , , , , , , ,
CO-07-108, 45, -70, 140.00, 149.40, 9.40, 0.86, 0.00, 12.15, 1.00
, , , , , , , , ,
CO-07-109, 135, -60, 305.00, 343.70, 38.70, 1.69, 0.01, 9.29, 1.81

Note 1: Copper equivalent Values (CuEQ) are estimated using long-term metal prices including: Copper US$1.20 per lb, Molybdenum US$8.00 per lb, Gold US$450 per oz., and Silver US$7.50 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 Mo percent times (8.00/1.20) plus Au grams per tonne times 14.47/(1.20x22.05) plus Ag grams per tonne times 0.24/(1.20x22.05).

Significant zinc intercepts were encountered in these last drill holes. As an exercise, mineralised intervals were calculated for zinc assuming a 0.1% cut-off, minimum 10 meter interval length and a minimum 0.2 % copper. The intervals are as follows:

Table 2: Significant Zinc Intercepts

Drillhole ID, Length, From, To, Zn %, Cu %, Ag ppm
CO-06-105, 29.2, 398.0, 427.2, 0.67, 1.02, 8.1
CO-07-108, 45.0, 104.4, 149.4, 1.83, 0.41, 14.4
CO-07-109, 18.0, 330.0, 348.0, 0.75, 0.75, 13.0
CO-07-109, 12.0, 68.0, 80.0, 0.42, 0.25, 9.1


Preliminary metallurgical testing suggests that a zinc by product may be recovered from the copper flotation tails.

The drilling program and geological studies at the Constancia project are being supervised by Robert Baxter (MAusIMM) 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. All intersections were determined using a rolling 0.2% Cu cut-off and up to 2 metres of internal waste.

Adam Johnston (MAusIMM) of Transmin Metallurgical Consultants is the company’s qualified person on metallurgical aspects of this press release.

A plan map with drill hole locations will be available shortly on Norsemont’s website at www.norsemont.com


About Norsemont Mining
Norsemont Mining is a well structured, well financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo deposit joint ventured from Rio Tinto.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter
President
Norsemont Mining Inc.

For more information contact Bob Baxter, President or Brian Soregaroli, VP Corporate Communications at:

Phone: 604-669-9788
Fax: 604-669-9768
E-Mail: investors@norsemont.com
www.norsemont.com

Die Experten von "bullVestor" empfehlen die Aktie von Norsemont Mining (ISIN CA6565291045/ WKN A0DQKK) zu akkumulieren.

Norsemont Mining glänze wieder einmal mit außergewöhnlich guten News. Sage und Schreibe 1,6% Kupfer seien über 38 Meter in einer neuen Zone festgestellt worden, die 900 Meter von der Hauptzone entfernt sei. Rechne man den Silberanteil noch mit, dann würden sich sogar 1,81% Kupferäquivalent pro Tonne Gestein ergeben. Die magnetischen Untersuchungen würden zeigen, dass diese Zone ein Ausmaß von 1.000 mal 400 Meter haben dürfte.

Anleger würden ganz genau wissen, wie lange die Wertpapierexperten Norsemont schon verfolgen würden und dass sie sehr viel von diesem Unternehmen Halten würden. Zurzeit könnten die Experten aber kein "strong buy" vergeben. Erst müsse die Aktie den Ausbruch über die 2 Kanadische Dollar-(CAD)-Marke schaffen, dann sei die "Einkaufszeit" angebrochen.

Die "bullVestor"-Experten raten aber mit Nachdruck Norsemont-Aktien auf diesem Niveau ohne Eile zu akkumulieren. (Ausgabe vom 06.03.07)

Gruß

uS

Ressorcenschätzung kommt jetzt wohl endlich raus...
in CA stehen wir schon bei 2CAD bei hohen Umsätzen. Scheint wohl gut zu werden.
Leider hat man die 2 Wochen Frist wieder um 2 Tage verpasst. Also Termine
einzuhalten werden die wohl nie lernen...:(

Aber der Ausbruch scheint jetzt wohl geklappt zu haben. 2,5 wir kommen:-)


Market Regulation Services - Trading Halt - Norsemont Mining Inc. - NOM

VANCOUVER, March 27 /CNW/ - The following issues have been halted by Market Regulation Services (RS):

Issuer Name: Norsemont Mining Inc.

TSX-V Ticker Symbol: NOM

Time of Halt: 12:07 EST

Reason for Halt: Pending News  

Copper equivalent values are estimated using long-term metal prices including: copper US$1.20 per lb, molybdenum US$8.00 per lb, and silver US$7.50 per oz. Adjustment factors to account for differences in relative metallurgical recoveries will depend upon the completion of definitive metallurgical testing. Cu-Equivalent equals Cu (%) plus Mo (%) times (8.00/1.20) plus Ag (g/t) times 0.24/(1.20x22.05). Metallurgical recoveries and net smelter returns are assumed to be 100%.

Based on the March 2007 Resource estimate, the Indicated Resources contain approximately 818 million pounds of copper, 20.1 million pounds of molybdenum and 9.0 million ounces of silver at a 0.2% copper cutoff, and the Inferred Resources contain approximately 2.81 billion pounds of copper, 71.7 million pounds of molybdenum and 36.2 million ounces of silver (see Table 2). The March 2007 Resource estimate, therefore, displays an increase of approximately 9.7% in contained copper in the Indicated category and approximately 133% in contained copper in the Inferred category relative to the initial estimate reported in October 2006.

Composited assay data were capped to between 0.0298% Mo and 0.0880% Mo for molybdenum (five of eight estimation domains). Silver grade data from only one of the eight estimation domains required capping (24.5 g/t Ag). No capping was applied to the copper data.

The resource estimate for the Constancia Deposit was generated using geological solids modeled by Atticus & Associates. Copper, molybdenum and silver grades were interpolated into a block model using ordinary kriging, with copper as the primary element. Table 1 includes Resources from the San Jose and Constancia Zones. Resource classification was based on a combination of drill spacing, kriging variance, and confidence in geological and grade continuity.

Table 1: Resource Estimate, Constancia Project, March 27, 2007

Cut-off Grade, Tonnes, Copper Grade , Molybdenum Grade, Silver Grade
(% Cu) , (Million) , (% Cu) , (% Mo) , (g/t Ag)
Indicated Resources
0.5 , 33.1, 0.72, 0.013, 4.7
0.4 , 46.8, 0.64, 0.013, 4.4
0.3 , 62.0, 0.57, 0.013, 4.1
0.25 , 67.5, 0.54, 0.013, 4.0
0.2 , 70.0, 0.53 , 0.013, 4.0
Inferred Resources
0.5 , 94.9, 0.78, 0.014 , 5.6
0.4 , 142.9, 0.67, 0.014, 5.2
0.3 , 199.2, 0.58, 0.014, 4.8
0.25 , 230.8, 0.54, 0.013, 4.6
0.2 , 250.2, 0.51 , 0.013, 4.5


Table 2: Contained Metal (0.2% Cu cut-off), Constancia Project, March 27, 2007

Resource Category, Copper (million lbs) , Molybdenum (million lbs), Silver (million oz)
Indicated, 818, 20.1, 9.0
Inferred, 2,813, 71.7, 36.2

The Constancia Project is located between the Tintaya Mine and the Las Bambas copper deposit of Xstrata PLC in Southern Peru. Norsemont Mining is earning up to 70% of the Constancia Project from Rio Tinto by way of project expenditures, cash payments and the issue of common stock, the details of which can be found on the company’s website (www.norsemont.com). Mitsui Mining retains a 30% interest in the project.

"I am very pleased to see such a large increase in our resource base in this, our second resource estimate in 6 months," said Robert W. Baxter, President of Norsemont Mining Inc. "We continue to expand the extent of the deposit on 100 metre step out drill holes between the Constancia and San Jose Zones. We believe that although we have defined the limits on the south, east and northern parts of the deposit it remains open to the west, north-west and south west as well as at depth beneath the known mineralization. We currently have one diamond drill rig on site, working two shifts per day; however, we are scheduled for the arrival of an additional drill rigs next quarter. The current focus is the area between the Constancia Zone and Jose zones where drilling continues to intercept significant mineralization; however, there are a number of other targets including the recent drill intercept of 38.7 metres @ 1.69% Cu in CO-07-109, which is located approximately 900 metres north of the San Jose Zone. These targets warrant additional drilling during 2007."

"This resource clearly demonstrates that the Constancia deposit is a large, well defined copper deposit which remains open to expansion and is now one of the most advanced exploration copper projects in Peru. We look forward to advancing the project through our ongoing studies. The Company commenced a metallurgical trade-off study in late October which is focused on heap leaching versus milling and flotation, with preliminary results to be reported shortly. I remain confident that given the strong outlook for copper prices over the next 5 years, and beyond, that the Constancia deposit with this updated resource estimate will prove to be a significant development project for Norsemont in Peru."

"We continue to be impressed by the significant results our team is achieving at the Constancia Deposit," said Marc E. Levy, Norsemont CEO and Chairman. "The tremendous growth in the size of the deposit exceeds my expectations and I am extremely encouraged by this updated resource estimate."

Independent geologist Dr. Warwick S. Board, MAusIMM, Pr.Sci.Nat. and a Qualified Person as defined by National Instrument (NI) 43-101, was responsible for the Mineral Resource estimate dated March 27, 2007. Dr. Board has read and approved the contents of this news release. The Resource estimate has components of both Indicated and Inferred Mineral Resources, consistent with the CIM definitions referred to in NI 43-101. This estimate will be filed in a Technical Report compliant with NI 43-101 on SEDAR within 45 days. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Norsemont is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues which may materially affect its estimate of mineral resources.

Quality Control

The Resource estimate is based upon 128 diamond drill holes totaling 36,771.5 metres completed by Rio Tinto and Norsemont through to the end of December 2006. Norsemont has completed 104 holes and Rio Tinto had previously drilled 24 holes that are included in this Resource estimation.

The core from Rio Tinto's 2004 drilling was sent to and analysed at ALS Chemex Laboratories in Lima for copper, molybdenum, gold and silver. Core samples were 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 Rio Tinto 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. Drill core was sampled each 2m after logging. Some sample length changes were made when lithological or mineralogical boundaries where important and sample lengths met those boundaries. In general, contacts between high grade and low grade samples (visually estimated) correspond with the sample boundaries. In some visually determined low copper grade intervals, sample length was increased to 3-metres. Half core was sampled after it was symmetrically cut with a core saw.

The drilling program and geological studies during 2005 and 2006 at the Constancia project for Norsemont were supervised by Dr. Thomas A. Henricksen, P. Geo., and Robert Baxter, Norsemont’s Qualified Person as defined by NI 43-101, who has reviewed and approved the information contained in this news release. 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.

A plan map with drill hole locations and the resource outline is available on Norsemont’s website at www.norsemont.com. Other geological data including cross sections will be made available with the NI 43-101 Technical Report which is to be posted on SEDAR within 45 days of this press release.

Conference Call

Norsemont Mining will hold an investor conference call on Tuesday April 3, at 11:00 a.m. Pacific Time. Marc E. Levy, CEO and Robert (Bob) Baxter, President, will review the updated resource estimate and Norsemont’s plans to develop the Constancia deposit with analysts and investors. Following their remarks there will be a question and answer session.

To join the call reference "Norsemont" or "Resource Estimate Update" after you dial:

Toll Free in North America: 1-800-525-6384
International: 780-409-1668

To access a replay of the call until 11:00 a.m. (PT) on April 6, 2007:

Toll Free in North America: 1-888-567-0782
International: 402-220-2884
Pass Code: 4192440

About Norsemont Mining
Norsemont Mining is a well structured, well financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Copper-Molybdenum-Silver Deposit, joint ventured from Rio Tinto.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter
President
Norsemont Mining Inc.

For more information contact Brian Soregaroli, VP Corporate Communications at:
Phone: 604-669-9788 x109
Fax: 604-669-9768
E-Mail: investors@norsemont.com
Web Site: www.norsemont.com

The TSX Venture Exchange has reviewed this release. We seek Safe Harbor.

Three master composites were produced from drill core samples as part of an initial flowsheet and design criteria development program. Preliminary results indicate that the process flowsheet for Constancia will be a conventional copper-molybdenum porphyry flowsheet, with a grind size of 106 to 150 micrometers followed by copper-molybdenum rougher flotation, concentrate regrind to 20 to 37 micrometers and three stages of copper cleaner flotation. A separate molybdenum concentrate would likely be separated from the bulk copper molybdenum concentrate by employing standard technology used industrially for similar deposits.

Three composite samples were made up of drill core from the 2006 drilling campaign. Supergene (SG), hypogene (HG) and skarn (SK) samples were composited from several drill holes based on location, grade lithology and alteration.

The average metallurgical results are summarized in the Table below from the locked cycle tests.

A limited amount of sample was available for this first round of testwork and therefore optimization testwork has yet to be completed. There remains substantial opportunity to improve metallurgical performance through further optimization testwork. Fresh drill core samples have been delivered to Plenge in Lima for the next round of testwork that will be used to complete metallurgical testwork to the Pre-Feasibility Study (PFS) level.

This work will include:

- Molybdenum recovery

- Zinc recovery

- Grind Vs Recovery optimization

- Crushing and grinding work indices

- Copper recovery optimization

- Copper concentrate cleaning optimization

The composite characteristics are as follows;


-------------------------------------------
                   Composite
                   -----------------------
Element                HY       SG       SK
-------------------------------------------
Ag           g/t      3.6      3.2      4.6
Au           g/t    0.045    0.028    0.105
Cu total       %     0.54     1.09     0.58
Cu H2SO4       %     0.08     0.16     0.05
Cu CN-         %     0.10     0.74     0.04
Cu residual    %     0.33     0.13     0.46
Mo             %    0.034    0.015    0.005
Fe             %     1.62     2.73     8.31
S total        %     1.22     2.33     3.89
S sulfur       %     0.95     1.90     2.87
C              %     0.14     0.10     2.76
Pb             %     0.05     0.03     0.06
Zn             %     0.07     0.03     0.28
Hg           ppm      0.6      0.1      0.3
Sp- G       g/cc     2.66     2.69     2.89
Natural pH            6.9      5.8      7.8
-------------------------------------------

Highlights of First Phase Locked Cycle Test Results are as follows:


--------------------------------------------------
-
                      Concentrate Assays                Recovery %
             --------------------------------------------------
Sample     Wt   Ag    Au    Cu    Mo    Fe     S
No.         %  g/t   g/t     %     %     %     %    Ag    Au    Cu    Mo
--------------------------------------------------
HY       1.51  186  0.55  29.6  0.68  27.7  30.2  78.2  18.5  89.4  35.2
--------------------------------------------------
SG       2.81  101  0.34  31.4  0.21  26.1  33.1  88.5  33.5  87.3  52.0
--------------------------------------------------
SK       1.76  135  1.64  26.6  0.03  25.3  28.9  51.6  27.5  88.2  14.1
--------------------------------------------------

The grade of the skarn copper concentrate has been diluted by the presence of zinc in the final concentrate. The next round of testwork will include stronger zinc depression in the copper cleaning circuit to improve the grade of the copper concentrate and activation of the zinc in the copper tails to produce a zinc concentrate.

Adam Johnston (MAusIMM) of Transmin Metallurgical Consultants is the company's qualified person on metallurgical aspects of this press release.

On March 28 the company released an independent Mineral Resource estimate on the Constancia and San Jose Zones of the Constancia Deposit in Southern Peru by Snowden Mining Industry Consultants Inc. ("Snowden"). The report estimates an Indicated Resource of 70.0 million tonnes grading 0.53% copper, 0.013% molybdenum and 4.0 g/t silver (0.65% Cu-Equivalent) at a cutoff grade of 0.2% copper and an Inferred Resource of 250.2 million tonnes grading 0.51% copper, 0.013% molybdenum and 4.5 g/t silver (0.64% Cu-Equivalent) at a cutoff grade of 0.2% copper.

About Norsemont Mining

Norsemont Mining is a well structured, well financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Copper-Molybdenum-Silver Deposit, joint ventured from Rio Tinto.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter, President

Norsemont Mining Inc.

Contacts: Norsemont Mining Inc. Brian Soregaroli VP Corporate Communications (604) 669-9788 x109 (604) 669-9768 (FAX) Email: investors@norsemont.com Website: www.norsemont.com

SOURCE: Norsemont Mining Inc.

mailto:investors@norsemont.com www.norsemont.com
Copyright 2007 Market Wire, All rights reserved.

A 25,000 metre drill program will take place over the balance of the year.

Management knows the stock is undervalued due to lack of proper exposure and institutional ownership. They acknowledge they need to do better with that side of the business.

Metallurgy looks good ,...the first report is due out shortly.

Analyst tour went well last week. Second group is due on site late April.

RAB in London did exercise $2.7 million worth of options recently and that money is now added to the treasury.

TSX...

NORSEMONT MINING INC
Norsemont Shares to Commence Trading on the Toronto Stock Exchange on Thursday, April 5, 2007
4/4/2007
VANCOUVER, BRITISH COLUMBIA, Apr 04, 2007 (MARKET WIRE via COMTEX News Network) --

Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX VENTURE: NOM)(OTCBB: NOMFF)(FRANKFURT: N8S)(WKN: A0DQKK)(ISIN: CA6565291045) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange ("TSX") under the stock symbol "NOM". The Company's common shares will be listed and posted for trading on the TSX with the opening of trading on Thursday, April 5, 2007. Norsemont's common shares will be de-listed from the TSX Venture Exchange on April 5, 2007 upon commencement of trading on the Toronto Stock Exchange.

"We believe the TSX listing should improve visibility for our company among institutional and retail investors and enhance liquidity for our shareholders," said Marc E. Levy, CEO. "Norsemont's listing on the Toronto Stock Exchange is an important milestone in our company's development and growth. The Exchange has recognized and acknowledged the success of our exploration programs on the Constancia Project in Peru."

About Norsemont Mining

Norsemont Mining is a well structured, well financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Copper-Molybdenum-Silver deposit joint ventured from Rio Tinto.

ON BEHALF OF THE BOARD OF DIRECTORS,

Marc E. Levy, CEO & Chairman

Norsemont Mining Inc.

We seek Safe Harbor.  

Mitsui and Rio Tinto put about $5 million into exploration. Rio Tinto had a historical resource when they did the deal with Norsemont. Over 5 years, Norsemont must spend $7.8 million US on exploration, pay $5 million in cash to Rio and issue Rio 1,250,000 shares to earn 51%. Norsemont can earn an additional 19% to bring their interest up to 70% by paying Rio an additional $8 million.

Once Norsemont has earned their 51%, Rio has 60 days to make a decision whether to clawback to 36% by paying back three times the money spent by Norsemont if the project is larger than 8.8 billion pounds at that time.

Rio obviously understood what investors don't get. $12 billion dollars worth of rock is worth something. Norsemont didn't get handed the keys to the candy story, they paid a fair price to get in the door. The price of copper has more than doubled; they have made nice increases to the resource and are in the midst of conducting a major drill program in the San Jose zone, which could easily add a billon pounds of copper to the resource.


I spent two days in Peru with Bob Baxter, President of Norsemont. He is the first person in the industry that I have talked to who actually has thought out the primary issue of mining a major copper/moly porphyry today. It's not the size or even the grade that matters; it's how soon you can get into production. At today's prices, every inch of ground on earth is either a prospective mine or it's good for nothing but raising moose. I've seen a dozen or more major systems. There is lots of copper around in the ground and I know there is 150 years production of moly identified.

Prices are high today reflecting both the destruction of the dollar and enormous demand from India and China. But supply and demand are laws written in rock. Today's prices are sucking metal out of the ground but one day there will be too much supply. When that day comes, and you are in the midst of the ribbon-cutting at your opening day ceremony, it won't matter how much metal you have, by the time the ends of the ribbon flutter to the ground, you will be closing up shop.

Bob Baxter and Norsemont get it. And Bob is cracking the whip to both increase the quantity and quality of his resource, but also to fast track that puppy to production. To the victor belong the spoils and to the swift go the high prices. Norsemont has a great system and the faster they get it into production, the more they stand to make.

By and large Norsemont is in the driver's seat. Mitsui would love to have an off-take agreement but that isn't part of the deal and Norsemont can ship their cons to whomever they wish. That's a giant lever for Norsemont to either nudge Mitsui into buying them out or to accept a buy-out of their 30% interest. Likewise, Rio was smart enough to have a clawback but it's not valid unless Norsemont more than doubles the resource. But copper doubling in price has exactly the same effect as doubling either the resource or the grade. Who on earth would have projected $4 copper two years ago? Well, in a way Norsemont did and whether through skill or just blind luck, they are sitting on a multi-billion dollar lottery ticket.

But no one is perfect. At the beginning, after Norsemont did the deal with Rio, the company focused on getting the story out. They got listed in Frankfurt and made sure the Europeans knew their story. It paid off in a big way and the stock was trading 200% higher 16 months ago. But Norsemont got lazy and started taking their shareholders for granted and shareholders bit back with a 66% decline.

There is no real reason for the decline, the resource is substantial, metal prices are strong and management is being very aggressive about fast-tracking the project to production. But we have a situation unmatched at any period in history. Every hard commodity is in shortage and there are 3,000 juniors out there begging for attention from a small and growing smaller group of loyal metal bugs. Until and unless the industry starts communicating its message to the great unwashed, share prices will languish even as metal prices are banging against the roof.

Norsemont has seen the error of its ways and has become a sponsor. I like the aggressiveness of management and that's worth a lot. This is not the time to be sitting on the egg until it hatches. We own shares and I am biased. Do your own due diligence, you get to keep all the profit.

Norsemont Mining Inc
NOM-T $1.60 Canadian (May 24, 2007)
NOMFF-OTCBB
28.9 million shares
Norsemont website

Bob Moriarty
President: 321gold
Archives

www.smallcapcenter.com/news/newsCreate/...pdate_May_7-2007.pdf
bin nach drinn...

sieht seit langen mal wieder gut aus. sind an der oberen Begrenzung angelangt.
Volumen war heut auch ok. Vielleicht klappt's ja endlich und wir gehen über
die 2 CAD. Mit dem komplett neuen Management kommt vielleicht endlich mal neuer
Wind rein.


neue analyse
www.researchfrc.com/research/pdf/nom/NOM%20Note%2007102007.pdf

räume grade mein depot auf,fusa ist schon weg.bei norsemont zögere ich noch.ein so brachialer austausch des managements gefällt mir nicht.ich erwarte auch nicht,dass ein explorer gewinne macht,aber wenn cash weggeht,möcht ich,sehen wohin.grössere anschaffungen warn da wohl nicht.

hab mir die ganzen postings von pate durchgelesen.ich glaub,ich entsorg mal besser.

ich glaub das war ein Fehler!:-)
geht ja ganz gut ab heute und die letzten Tage.

Erstaunlich ist der Umsatz heute. Über 1 Mio Stück wurden gehandelt. Rekord!
Normalerweise müßten wir jetzt wieder fallen. Mal schauen ob wir uns jetzt
da halten können.


financialtools.stockgroup.com/charts/...=&P61=&P62=&P64=&AU=0" style="max-width:560px" >

News:
VANCOUVER and LIMA, Peru, Oct. 1, 2007 (Canada NewsWire via COMTEX News Network) --

Shares Issued and Outstanding: 37,762,878

TSX: NOM

Norsemont Mining Inc. ("the Company") (TSX: NOM, BLS: NOM) today announced the appointment of Mr. Chris Reynolds to the position of Chief Financial Officer (CFO). Mr. Reynolds replaces the outgoing CFO, Mr. Tony Ricci, as a consequence of the relocation of the Company's corporate head office from Vancouver to Toronto.

Mr. Reynolds previously served as Senior Vice President, CFO and Secretary of SouthernEra Diamonds Inc. He has 19 years of mineral industry and public accounting experience, with SouthernEra, TVX Gold Inc., Inmet Mining Corporation and Price Waterhouse (now PriceWaterhouseCoopers). Mr. Reynolds became a Certified General Accountant in 1994 and received a B.A. (Economics) from McGill University in 1987. Mr. Reynolds is also a director of Arizona Star Resource Corp.  

VANCOUVER and LIMA, Peru, Sep. 25, 2007 (Canada NewsWire via COMTEX News Network) --

Shares Issued and Outstanding: 37,762,878

TSX: NOM

Norsemont Mining Inc. ("the Company") (TSX: NOM, BTL: NOM) is pleased to announce the appointment of Mr. Augusto Baertl to the Company's Board of Directors.

Mr. Baertl is a Peruvian mining engineer who has held a number of senior positions with Peruvian and international mining companies. He served as Mine Manager, President and CEO of Compania Minera Milpo, one of Peru's largest mining companies, from 1967 to 1996. From 1997 to 2002, Mr. Baertl served as President and Executive Chairman of Compania Minera Antamina and oversaw the exploration, feasibility studies and development of the project. He is a member of the American Institute of Mining Metallurgical and Petroleum Engineers (AIME), the Instituto de Ingenieros de Minas del Perú and the Colegio de Ingenieros del Peru-Capitulo de Minas.

Mr. Baertl graduated from Universidad Nacional de Ingenieria in 1965 and also participated in the Senior Management Program at Harvard Business School and in the CEO Management Program at Northwestern University.

Norsemont's Chairman, Mr. George Bell, said: "We welcome Augusto Baertl to our board of directors. His long and distinguished career in Peru's fast-growing mining industry adds considerable strength to our board and will provide valuable guidance to our operating team in Peru."  

VANCOUVER, BC and LIMA, Peru, Sep. 14, 2007 (Canada NewsWire via COMTEX News Network) --

Shares Issued and Outstanding: 37,762,878

TSX: NOM

Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX: NOM) is pleased to announce the appointment of Mr. Sean Spraggett (Project Manager) and Mr. Wayne Lamphier (Vice President, Environment and Community Relations) as members of Norsemont Mining's senior management. Based in Peru, Sean Spraggett has assumed responsibility for the general operations and scoping/feasibility studies on the Constancia Copper Project. Also based in Peru, Wayne Lamphier will be responsible for overseeing the Company's environmental affairs and community relations.

Mr. Spraggett was the manager of engineering for Knight Piesold Consulting in Lima, Peru, for the last four years. He has over 18 years of experience in the design and construction of major mining operations, including heap-leach platforms, tailings deposits and mine waste management, water reservoirs and hydraulic structures; as well as general elements required in mining operations. Mr. Spraggett is a specialist in the area of geotechnical engineering and is responsible for specialised analyses of structures required for the mining industry. His experience has been in both the public and private sectors and he has worked in various regions, including North, Central and South America. In Peru, Mr. Spraggett has been involved in a number of major mining projects, including Yanacocha (Newmont), Cerro Corona (Goldfields), Rio Blanco (Minera Majaz), Marcobre (Chariot Resources), Cerro Verde (Phelps Dodge) and La Granja (Rio Tinto). His experience and working knowledge in Peru will bring to Norsemont a strong understanding of the development and operational aspects which will be necessary for advancing the Constancia Copper Project.

The appointment of Wayne Lamphier to the position of Vice President - Environment and Community Affairs is also a key milestone in the building of a team with exceptional experience to support the development of the Constancia Project. Mr. Lamphier previously served as the Manager of Community Affairs for Antamina in 2004-05 and has 20 years of technical environmental experience in both the hydrocarbons and mining industries throughout the Andean region. Wayne is a fluent Spanish speaker and long time resident of a small indigenous community in the Peruvian Andes. He graduated with a Master's Degree in Environmental Design - M.Des. (Environmental Sciences) from the University of Calgary in 1991.

Commenting on these senior management appointments, Norsemont's President, Bob Baxter, said: "the recruitment of Sean and Wayne is a major milestone for Norsemont Mining and completes the senior operational appointments necessary to advance the Constancia copper project through feasibility and into development."  

TORONTO, Sep 13, 2007 (BUSINESS WIRE) --

Pursuant to the "early warning" requirements of applicable British Columbia and Canadian securities laws, MLP Investments (Luxembourg), S.a r.l. ("MLP") has prepared this announcement of its acquisition of 3,000,000 units of Norsemont Mining Inc. (the "Company") in a private placement that closed earlier today. Each unit was acquired for a price of C$1.60 and consists of one common share of the Company and half of a warrant to purchase a common share of the Company at an exercise price of C$1.95 per common share (which warrants will expire 24 months after issuance).

Treating the shares underlying the warrants as common shares held by MLP, and assuming receipt of final approval from the TSX to own greater than a 10% interest, MLP's equity position would constitute 4,500,000 common shares or approximately 11.5% of the issued and outstanding common shares (including the shares underlying such warrants) of the Company.

The shares were acquired for investment purposes only and not with the purpose of influencing the control or direction of the Company. MLP may, subject to market conditions, make additional investments in or dispositions of shares or other securities of the Company in the future.

The investment manager of MLP is Millennium International Management LP, and the managing member of the general partner of such investment manager is Israel A. Englander; as a result either may be seen under applicable Canadian securities laws to be a joint actor with MLP and/or to have control over the shares of the Company owned by MLP. This release should not be seen as an admission of any such matters.

The registered address of MLP Investments (Luxembourg) S.a r.l. is 25B, boulevard Royal, L-2449 Luxembourg.

SOURCE: MLP

For MLP S. Anthony Romano, 416-869-5596
Copyright Business Wire 2007

VANCOUVER and LIMA, PERU, Aug. 28, 2007 (Canada NewsWire via COMTEX News Network) --

Shares Issued and Outstanding: 34.7M

TSX: NOM

Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX: NOM, BVL: NOM) is pleased to report that the Company's common shares have been listed and have today commenced trading on the Bolsa de Valores de Lima (Lima Stock Exchange) ("BVL"). Norsemont's listing on the BVL is being sponsored by Credibolsa, Peru's largest brokerage firm and the trading arm of Banco de Credito, Peru's largest bank.

The BVL was one of the best performing stock exchanges in 2006, with average returns of 166 percent. Mining shares, which make up 61 percent of the exchange listings, led with average returns of 266 percent, followed by agriculture (239 percent) and basic industry and services (177 percent). The BVL is considered to be a leading indicator of the performance of Peru's economy.

During the press conference held in Lima today, Norsemont's President Bob Baxter explained that the Company's Constancia copper-moly-silver project is both large and robust. A scoping study is currently being prepared by SRK and will be completed shortly. The Company expects Constancia to be in production as early as 2011.  

VANCOUVER, Aug. 27, 2007 (Canada NewsWire via COMTEX News Network) --

Shares Issued and Outstanding: 34.7M

TSX: NOM
Norsemont Mining Provides Information on Short-term Investments

Norsemont Mining Inc. ("the Company") (TSX: NOM) today provided information on its short-term investment portfolio in light of the recent disruptions in the global credit markets. Norsemont has a short-term investment portfolio of approx. C$9 million.

On the basis of professional advice from Canaccord Capital Inc, Norsemont invested C$7 million in a Structured Investment Trust of asset-backed commercial paper managed under Nereus Financial Inc. (Nereus became a wholly owned subsidiary of Coventree Inc. in May 2007.) These investments are rated R-1 (high) by Dominion Bond Rating Service, which is the highest possible rating for short-term commercial paper, and the liquidity providers are a consortium of banks comprised of a consortium of major international banks. Although the notes held by Norsemont have not yet matured, Canaccord Capital has advised the Company that the potential exists for liquidity disruption on its specific investments. The Company is currently exploring various alternatives to minimise the impact of any potential liquidity disruptions on Norsemont's business activities.

The balance of Norsemont's short-term investments of approximately $2 million is held in cash.

We seek Safe Harbor.  

Wie Phönix aus der Asche.
60% in wenigen Tagen! Geht´s
noch weiter rauf hier? 2 Euro?

Wer hat die nächste Norsemont auf Lager?

Each special warrant shall be exercisable at no additional cost for one unit of Norsemont until 5:00 p.m. (Vancouver time) on the earlier of (i) the date which is five business days following the issuance of a decision document for a final prospectus qualifying the units underlying the special warrants and (ii) the date which is four months and one day following the closing of the offering. Each unit shall consist of one common share of Norsemont and one-half of one common share purchase warrant. Each whole warrant shall be exercisable for one common share at an exercise price of $3.50 per share for a period of 24 months following closing of the offering. Norsemont has agreed to use its best efforts to file and clear a prospectus qualifying the units as soon as practicable and, in any event, within 30 days following the closing of the offering.

Norsemont has also granted the Underwriters an option (the "Underwriters' Option"), exercisable in whole or in part at any time prior to 24 hours before the closing of the offering, to purchase for resale to accredited investors an additional 810,000 special warrants for additional gross proceeds of up to $2,349,000. The special warrants issued as part of the offering will be subject to a 4 month statutory hold period from the date of closing. Closing is expected to occur on or about November 15, 2007. The offering is subject to stock exchange and other regulatory approval.

The net proceeds of the offering will be used for the continued development of the company's Constancia copper/molybdenum/silver project in Peru and for general corporate purposes.

About Norsemont

Norsemont Mining is a Canadian mineral exploration and development company focused on the Constancia copper/molybdenum/silver project in southern Peru, which has been optioned from Rio Tinto Plc.

Cautionary Notice  

 

na das sind doch mal sehr gute Nachrichten!
Jetzt kann Norsemont Constancia zu 100% übernehmen.
schon komisch erst der Anstieg dann die guten News... wer da wohl schon was
wusste....:-)


Norsemont Mining Acquires Mitsui's 30 Percent Interest in Constancia Copper Project
11/1/2007    
VANCOUVER, BC, and LIMA, Peru, Nov. 1, 2007 (Canada NewsWire via COMTEX News Network) --

Rio Tinto Option Provides Norsemont with Opportunity to Control 100% of

Constancia Project in Southern Peru

Shares Issued and Outstanding: 37,912,878

TSX: NOM

VANCOUVER, BC, and LIMA, Peru, Nov. 1 /CNW/ - Norsemont Mining Inc. ("the Company") (TSX: NOM, BSM: NOM) today announced the conclusion of an agreement whereby the Company has acquired Mitsui's 30 percent interest in the Constancia copper/moly/silver project in southern Peru. Combined with Company's option over Rio Tinto's 70 percent interest in the Constancia project, this agreement provides Norsemont with the opportunity to establish control over 100 percent of the Constancia project.

Under the acquisition agreement with Mitsui, the Company will pay Mitsui a total consideration of US$9.8M over the next twenty months, with the final payment due by June 30, 2009.

About Norsemont Mining

Norsemont Mining is a Canadian mineral exploration and development company focused on the Constancia Cu-Mo-Ag deposit in southern Peru, which has been optioned from Rio Tinto Plc.

SOURCE: Norsemont Mining Inc.

Patrick Evans, Phone: (416) 670-5114, E-Mail: investors@norsemont.com, Web Site: www.norsemont.com
Copyright (C) 2007 CNW Group. All rights reserved.  

und wie vermutet ist die gut!! Positiv ist auch, das endlich mal vorher kommunizierte Termine eingehalten werden.
Ich denke selbst nach dem Anstieg ist NOM immer noch recht günstig und die Ressource kann wohl
noch um einiges erhöht werden. Bewertung ist grad mal knappe 129 Mio CAD. denke da ist noch etwas Luft...
na mal schauen ob das Motto jetzt heißt sell on good news.

NORSEMONT MINING ANNOUNCES CONSTANCIA SCOPING STUDY RESULTS        

November  5, 2007

NPV Ranges from $396M to $618M. IRR Ranges from 20.9% to 31.8%.

Vancouver and Lima, Peru, November 5, 2007 – Norsemont Mining Inc. (“the Company”) (TSX: NOM, BVL: NOM) today announced that SRK Consulting (SRK) has completed the scoping study for Constancia copper project in southern Peru. The scoping study considers an open pit mining operation using a standard milling and froth flotation plant to produce high grade copper and molybdenite concentrates.  The study is based on geological information and metallurgical testing available at the time of reporting, price quotations for major equipment and mining components, including owners’ fleet, and estimates of long-term prices for copper, molybdenum and silver. Exploration drilling at the Constancia project is continuing and the Company believes that the potential exists to significantly increase the current resource.

For economic evaluation purposes, the scoping study focused on three operating scenarios: a 30,000 tonne per day (t/d) stand-alone case (SA), a 30,000 t/d expandable to 55,000 t/d case (EX), and a 55,000 t/d stand-alone case (SA). Based on the current resource, the corresponding life of mine (LOM) for the 30,000 t/d and 55,000 t/d stand alone cases are 20 and 12 years, respectively. 

Estimated production for the 55,000 t/d SA case is approximately 112,218 tonnes per year of copper recovered over the first five years, with a LOM annual average production of 90,411 tonnes. For the 30,000 t/d SA case estimated production is 72,814 tonnes per year of copper recovered during the first five years, with a LOM annual average of 53,598 tonnes. During the feasibility study the expansion of the 30,000 t/d EX case to 55,000 t/d in year 6 or 7 will be reviewed together with the 55,000 t/d SA case.

Based on a discount rate of 8 percent and a payback period which incorporates a two year start up, the Constancia project’s Internal Rate of Return (IRR) and corresponding Net Present Value (NPV) for the three operating scenarios are as follows:

Description	30,000 t/d SA		30,000 t/d EX		55,000 t/d
	Without Contingency	With 25% Cont.	Without Cont.	With 25% Cont.	Without Cont.	With 25% Cont.
NPV @ 8%	$473M	$404M	$467M	$396M	$618M	$530M
IRR	26.7%	21.4%	26.1%	20.9%	31.8%	25.3%
Payback  from start of construction	6 years	7 years	6 years	7 years	5 years	6 years

Note: The cash flow values presented account for post tax and royalty payments.

The cash flow analysis used long-term price assumptions of $1.80 per lb Cu, $12 per lb Mo, and $11 per oz Ag. To provide an appreciation of the influence of metal prices to the project cash flow, a sensitivity analysis has been conducted modifying the copper price.  The results of the sensitivity analysis based on copper prices at $1.60 per lb, $1.80 per lb and $2.00 per lb are as follows:

Description	30,000 t/d SA			30,000 t/d EX			55,000 t/d
Cu price	$1.60	$1.80	$2.00	$1.60	$1.80	$2.00	$1.60	$1.80	$2.00
NPV @ 8%	$255M	$404M	$552M	$247M	$396M	$544M	$345M	$530M	$715M
IRR	17%	21.4%	25.5%	16.5%	20.9%	24.9%	19.9%	25.3%	30.3%
Payback from start of construction	8 years	7 years	6 years	8 years	7 years	6 years	7 years	6 years	5 years

Note: 1. Cash flow values are presented accounting for a 25% overall contingency and discount rate of 8%.
          2. The cash flow values presented account for post tax and royalty payments.

Cash operating costs net of credits are estimated at $0.74 per lb over the 20-year project life for the 30,000 t/d SA case and $0.67 per lb over the 12-year project life for the 55,000 t/d SA case. Capital expenditure estimates (inclusive of a 25 percent contingency) for the three operating scenarios are US$605.6M, US$617.3M and US$739.7M for the 30,000 t/d SA, 30,000 t/d EX to 55,000 t/d and 55,000 t/d SA, respectively. 

Based on the positive results of the scoping study, Norsemont will now advance the Constancia project to feasibility.  Negotiations with engineering consultants for the feasibility study and environmental impact assessment are underway and formal contracts are expected to be finalised by the end of the year. 

During the next several months, detailed budgeting and preliminary geotechnical field programs will be undertaken to establish a firm foundation for the feasibility study, which is expected to commence during the second quarter of 2008.  Infill drilling on the Constancia and San Jose zones is continuing, with the conclusion of the 42,000-meter program expected by year-end. Exploration drilling at the Constancia project will continue during 2008 and the Company believes that the potential exists to significantly increase the current resource.

Norsemont Mining Inc.

Norsemont Mining is a Canadian mineral exploration and development company focused on the Constancia Cu-Mo-Ag deposit in southern Peru, 70 percent of which has been optioned from Rio Tinto Plc and 30 percent of which has recently been acquired from Mitsui. The Constancia Project has a 43-101 compliant indicated resource of 70M tonnes (0.8 Billion lbs Cu) and an inferred resource of 250M tonnes (2.8 Billion lbs Cu).

Constancia Project

The Constancia project is located approximately 600 kilometers southeast of Lima, within the Yauri-Andahuaylas metallogenic belt, hosting several large copper-molybdenum- silver and gold porphyry deposits including Antapaccay (Xstrata) and Los Chancas (Grupo Mexico), as well as copper skarn deposits including Tintaya (Xstrata) and Las Bambas (Xstrata). The property is accessed by several roads, and is within 60 kilometers of a railroad. Elevation ranges from 4,000 to 4,700m, and several small permanently flowing rivers are present in the area.

Qualified Persons and Data Verification

The independent Qualified Persons (QP) for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, who have reviewed and approved this release, are:

(a)

for the copper project (Scoping Study): (i) Raúl Paredes L.(mining reserve estimates, mine plan, mine capital and operating costs process and infrastructure engineering and cost estimation); (ii) Snowden (property description and location, accessibility, history, geological setting, deposit types, mineralization, exploration, drilling, sampling method and sample preparation, analyses and security, data verification); (iii) George Even, of SRK Consulting, Santiago, Chile (geotechnical assessment); and (iv) Adam Johnston of Transmin, Lima, Peru (mineral processing and metallurgical testing); and

(b)

for the portion of the mineral resource estimate that is based on the technical report dated May 9 2007 filed at www.sedar.com May 10, 2007,  entitled “Constancia Project Technical Report”, by Dr Warwick Board  of Snowden Mining Industry Consultants Inc., Vancouver, Canada; R. Baxter President and COO of Norsemont Mining; and Adam Johnston of Transmin, Lima, Peru.

Snowden is the independent QP, as defined under NI 43-101, responsible for the quality control and verification of the drill hole data used by Snowden in the resource estimates. The estimates, projections and conclusions summarised in this release are subject to important qualifications, assumptions and exclusions, all of which will be set out in a Technical Report, which will be filed at www.sedar.com within the prescribed 45-day period. To fully understand the summary information contained in this release, the full Technical Report should be read in its entirety when posted on SEDAR.

All $ amounts are in 2007 US Dollars. IRR & NPV calculations are calculated on a real after tax basis for 100% ownership interest (and therefore before Canadian taxes, if any) assuming all-equity financing.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter
President
Norsemont Mining Inc.

For more information:  
Patrick Evans
Norsemont Mining
Tel: (416) 670-5114
Email: pevans@norsemont.com 

www.norsemont.com