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Norsemont Mining Inc. | |
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Symbol .............. NOM Market ............... CSE Shares O/S ........ Approx. 51.64 million (as at April 2022) |
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Officers and Directors Marc Levy - Chairman & CEO Art Freeze - Director Patrick Burns - Director Charles Ross - Lead Director Kyle Haddow - Director Kulwant Sandher - CFO John Currie - VP Exploration David Laing - Advisory Chairman |
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Target to Unlock the Potential of the Choquelimpie Gold/Silver Project in Northern Chile
In Q4 2021, 10 diamond drill holes were completed for a total of 3,144.1 meters drilled, prior to the temporary suspension of the drilling operations due to the early onset of the Altiplano winter. Encouraging drill results and intercepts porphyry were reported with highlights of:
Founder and former CEO & Chairman of Norsemont Mining, which he grew from a market capitalization of $1mm and subsequently sold to Hudbay Minerals Inc. for $520mm. He has raised over $300mm in the resource, agriculture and technology sectors. He brings over 30 years of management and leadership experience. Mr. Levy has been involved in several successful exits including Petaquilla Minerals sold to Inmet Mining for $350mm and Coal Hunter Resources to Cardero Group for $52mm. Recently he was founder of Aurora Cannabis which grew from a market capitalization of $1mm to approximately $800mm within 2 years and peaked at $16bn. As well, a founder and director of Payfirma Corp., which was sold to Mercco Payments Inc. Art Freeze - Director Art Freeze has 48 years of experience in Mineral Exploration & Project Management. Until 2007, he served as the Primary Consulting Geologist for Goldcorp Inc., Chief Geologist of Wheaton River and has held Consulting, Management & Supervisory positions with international mining companies such as Cominco Ltd., Pasminco Exploration, Echo Bay Mines and Pan American Silver Corp. He is a member of the Association of Professional Engineers & Geoscientists of British Columbia (APEGBC). Mr. Freeze was a Consulting Geologist & Advisory Board Member for Orko Silver Corp. Presently, Mr. Freeze serves as director of Barsele Minerals Corp., Orex Minerals Inc., Silver Viper Minerals Corp., and Canasil Resources Inc. Previously, Mr. Freeze was a director of Norsemont Mining Inc. which was sold to HudBay Minerals for $520mm. Patrick Burns - Director A Canadian geologist with over 40 years experience throughout the Caribbean, Central and South America, Mr. Burns was directly involved in the discovery of the Escondida porphyry copper deposit in Chile, as well as the Escondida Norte and Zaldivar deposits, and was the first project manager of all three. He has been involved in publicly traded mining companies predominantly in Chile for 35 years. Charles Ross - Lead Director Mr. Ross has more than 25 years' experience in the international resource sector, much of which is focused on senior project and financial management. He has served as a director, president, and chief financial officer of numerous public resource companies and has extensive experience in corporate finance and public company administration. Kyle Haddow - Director Mr. Haddow is an active market participant and investor in the public markets in North America, where he assists companies with capital markets requirements including advisory, financing, and mergers and acquisitions. He has experience as a director or officer of several public and private companies, and currently serves as a director of FTC Cards Inc. and Wangton Capital Corp. and chief financial officer of Monarch West Ventures Inc. Mr. Haddow has operated as a consultant and investor in the Canadian market after several years of working in merchant banking. He has experience with companies in a variety of industries and has played an integral role in the management and co-ordination of multiple financing rounds for public and private companies. He has also successfully assisted companies with go-public strategies, initial public offerings, M&As and corporate restructurings. Mr. Haddow earned a BA in political science from McGill University and a master's in global management from Royal Roads University Kulwant Sandher - CFO Has 25+ years of experience in operational, finance/accounting management, as well as management consulting with a number of public companies, with a focus on Nasdaq. In Private Practice as a CA since 1988. He served as the CFO of Pinestar Gold Inc. since 2013. President and CFO of Turner Valley Oil & Gas Inc. since 2004. He serves as CFO of Astorius Resources Ltd., Intigold Mines and served as CFO and Corp. Secretary of Nasdaq listed ElectraMeccanica Vehicles Corp. John Currie - VP Exploration John is an exploration geologist with 30 years of experience in all aspects of mineral exploration and project management. He resides in Chile, is fluent in Spanish, written and oral, and has spent the last 27 years of his career exploring for base and precious metals deposits in South America. He has identified and led exploration campaigns including the discovery of the world-class Sierra Gorda Cu-Mo (Au) porphyry deposit for KGHM Polska Miedz where he had been directly responsible for the administration and project-generative exploration budgets exceeding $30,000,000 (US). Prior to his 15-year tenure with KGHM, John worked in expanding roles from senior geologist to exploration manager for several Canadian junior mining and exploration companies including Princeton Mining Corporation, Atna Resources Ltd., Aquest Explorations Ltd. and Rio Algom Ltd. David Laing - Advisory Chairman David Laing is a mining engineer with 40 years of experience in the industry. He is an independent mining executive. David was formerly the COO of Equinox Gold, with gold projects in Brazil and California, COO of True Gold Mining which developed a gold heap leaching operation in Burkina Faso, and COO and EVP of Quintana Resources Capital, a base metals streaming company. David was also one of the original executives of Endeavour Mining, a gold producer in West Africa. He's currently a director of Fortuna Silver Mines. He has advised over $25 billion worth of M&A projects in the resource sector over his career. Prior to these recent roles, David held senior positions in mining investment banking and debt advisory at Endeavour Financial, Standard Bank in New York, technical consulting at MRDI in California, the Refugio Project at Bema Gold Corp., and various roles at Billiton with operations in Peru, South Africa, and northern Chile.
Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of the Norsemont Mining Inc. regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Norsemont Mining Inc. expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. This document includes the use of inferred resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The noted assessment results are preliminary in nature and there is no assurance the mining scenarios outlined would ever be realized. This document uses the terms "measured" "indicated" and "inferred" resources. We advise U.S. investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission do not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories would ever be converted to reserves. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities. The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. 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Any statements contained herein that are not statements of historical facts or current conditions, are deemed to be forward-looking, including those identified by the expressions, "will", "anticipate", "believe", "plan", "estimate", "expect", "intend", "propose", "if", "hopes to", or certain statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "will occur", "will continue", or "will demonstrate". Such forward-looking statements and information are subject to various known and unknown risks many of which are beyond the Company's ability to control or predict, that may cause the Company's actual results, performance or achievements to materially differ from those expressed or implied thereby, and are developed on assumptions about such risks including: (a) general economic, industry and market conditions; (b) changes in applicable laws and regulations; (c) changes in operating risks, including fluctuations in commodity prices; (d) increased competition; (e) stock market volatility; (f) ability to obtain additional financing; (g) industry consolidation; (h) the execution of strategic growth plans; and (i) management's success in anticipating and managing the foregoing risks. In making these statements, the Company has made assumptions with respect to future capital expenditures, trends and developments in the mining industry, business strategy and outlook, expansion and growth of business operations, accounting policies, credit risks, opportunities available to or pursued by the Company, and other matters. Should one or more of these risks materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the forward-looking information or statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law. |
