Norsemont Mining Nears Crucial Exploration Milestone

Norsemont Mining prepares to complete Phase 3 drilling at its Chilean project by April 2026, with upcoming assay results and OTCQX listing boosting investor focus on the high-grade resource.

Norsemont Mining is approaching a significant operational shift. The company is preparing to resume drilling at its Choquelimpie project in Chile by April 2026, aiming to conclude its current exploration campaign. This move is set to bring investor attention back to the potential expansion of the site's high-grade gold and silver zones.

Market Access and Recent Performance

In a bid to boost its profile with global investors, Norsemont Mining commenced trading on the U.S. OTCQX market on April 1. This strategic step is designed to facilitate access for institutional investors, coinciding with sustained global demand for copper and gold driven by ongoing electrification and renewable energy expansion.

The stock has presented a volatile picture recently. Although shares remain up approximately 26% since the start of the year, they corrected by nearly 14% over the past month to a recent price of €0.79. This leaves the equity trading roughly 30% below its 52-week high reached in March.

The Final Phase of Drilling

The upcoming work will complete the firm's Phase 3 drilling program, which has 13 holes remaining out of a total of 20 planned. Initial results from February already indicated the presence of deeper, high-grade mineralization. The entire program encompasses about 5,000 meters of drilling intended to clarify the true scale of the resource.

Investor focus is now squarely on the fresh assay data expected in the coming weeks, which should provide confirmation of existing resource estimates. The initial results from the April drilling campaign are particularly anticipated.

Regulatory Progress and Strategic Advantages

Alongside exploration, management is advancing the necessary regulatory groundwork. The submission of the Environmental Impact Declaration (EID) is scheduled for December 2026. Norsemont is collaborating with specialized consultants to finalize the required social and environmental studies for future permitting.

A key strategic benefit for the project is the pre-existing infrastructure from the former mining operations on the property. This has the potential to significantly shorten the future path to production:
* An operational mill with a 3,000-tonne-per-day capacity
* Established power and water supply systems
* Developed road access to the project site