Norsemont Mining Intercepts Long Higher-Grade Gold Zones at Chile’s Choquelimpie Project

Norsemont Capital ( (TSE:NOM) ) just unveiled an announcement.

Norsemont Mining reported strong initial assay results from three of seven Phase 3 drill holes at its Choquelimpie project, including 109 meters grading 1.09 g/t gold and 94 meters grading 1.26 g/t gold, both starting at surface. Management said these long intercepts exceed the current sulfide resource grade and support the potential to upgrade the resource, while ongoing assays and re-assays, including for base metals, are expected later this quarter to refine the geological model and guide further drilling when operations resume in April 2026.

The most recent analyst rating on (TSE:NOM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Norsemont Capital stock, see the TSE:NOM Stock Forecast page.

Spark’s Take on TSE:NOM Stock

According to Spark, TipRanks’ AI Analyst, TSE:NOM is a Neutral.

Score is held back primarily by weak financial performance (no revenue, widening losses, and persistent cash burn). Technicals are constructive with price well above key moving averages, but overbought RSI/Stoch temper the setup. Valuation is also constrained by negative earnings and no dividend support.

To see Spark’s full report on TSE:NOM stock, click here.

More about Norsemont Capital

Norsemont Mining Inc. is a mineral exploration company focused on advancing its 100%-owned Choquelimpie high-sulfidation gold-silver-copper project in northern Chile. The company targets higher-grade precious and base metal mineralization within hydrothermal breccia zones, aiming to expand and upgrade its existing open-pit sulfide resource in a key South American mining jurisdiction.

Average Trading Volume: 172,414

Technical Sentiment Signal: Buy

Current Market Cap: C$91.8M

See more data about NOM stock on TipRanks’ Stock Analysis page.