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GoldMining Inc. (TSX: GOLD, NYSE American: GLDG) is a public mineral exploration company focused on acquiring and developing gold assets across the Americas. Through a disciplined acquisition strategy, GoldMining Inc. has built a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's projects include the La Mina Gold project, the Titiribi Gold-Copper project in Colombia, the Crucero project in Peru, and the São Jorge project in Brazil, among others.
Recent Achievements and Current Projects:
- GoldMining Inc. was placed in the top two mining companies for the 2017 TSX Venture 50, noted for exceptional market performance.
- Ownership of a 75% interest in the Rea Uranium project in Alberta, Canada, emphasizes their resource diversification.
- Recent significant events include the renewal of the at-the-market equity program to raise up to $50 million for exploration and development activities.
- Ongoing exploration at the São Jorge project in Brazil has identified potential new gold targets, with a new drilling program commenced in 2024.
- The Rea Uranium project in the Athabasca Basin is set to advance with upcoming exploration plans targeting high-grade uranium deposits.
- The sale of the Nutmeg Mountain Project to NevGold Corp. has increased GoldMining's equity holdings, enhancing its financial position.
- GoldMining Inc. holds substantial shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp., providing additional strategic value.
Financial Condition:
GoldMining Inc. maintains a strong financial position with over $129 million in cash and equities. The company has recently filed its annual financial statements, providing transparent insights into its financial health and strategic acquisitions.
GoldMining Inc.'s long-term growth strategy focuses on prudent project advancements and value-driven acquisitions to benefit its shareholders. The company’s efforts in exploration, project development, and strategic investments place it at the forefront of the gold mining industry.
GoldMining Inc (TSX: GOLD) (NYSE: GLDG) has renewed its at-the-market equity program (ATM Program), allowing the distribution of up to US$50 million worth of common shares. The shares will be sold at prevailing market prices through a syndicate of agents led by BMO Nesbitt Burns Inc. and BMO Capital Markets Corp.
The proceeds will fund exploration and development of mineral properties, complete minimum work programs, maintain property rights, fund future acquisitions, and provide working capital. The program will be effective until December 24, 2025, or until the aggregate gross sales reach US$50 million. This ATM Program replaces the previous one that expires on December 31, 2024.
GoldMining reports additional high-grade drilling results at its 100% owned São Jorge Project in Brazil. The 2024 auger drilling program identified several new gold-in-bedrock targets, with peak assays exceeding expectations. Highlight intercepts include 1 meter at 10.2 g/t Au from 14m depth, 5m at 2.78 g/t Au from 10m depth, and 3m at 1.05 g/t Au from 12m depth. Only 13% of the broad gold-in-soil anomalies across the project have been tested to date. The company plans further drilling in 2025 to delineate additional targets and potentially discover new gold resources. The São Jorge property, located in the Tapajós gold district, covers 45,997 hectares and has significant exploration potential. The project benefits from nearby infrastructure, including a paved highway and a new powerline corridor.
GoldMining's subsidiary, U.S. GoldMining, has updated its Mineral Resource Estimate (MRE) for the Whistler Gold-Copper Project in Alaska. Key highlights include:
- Indicated Mineral Resource: 294 million tonnes (Mt) at 0.68 grams per tonne (g/t) gold equivalent (AuEq) for 6.48 million ounces (Moz) AuEq.
- Inferred Mineral Resource: 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq.
- The indicated category has increased by 117% compared to the 2022 MRE.
- The updated Whistler MRE includes 2023 drilling data and excludes recent 2024 assays.
- U.S. GoldMining has concluded its 2024 drilling program, achieving 4,006 meters in 6 holes.
The Whistler MRE is constrained by conceptual pit design shells and includes three deposits: Whistler, Raintree, and Island Mountain, covering only 1% of U.S. GoldMining's land holdings. The company is exploring additional targets within the 'Whistler Orbit'.
GoldMining has announced promising results from their diamond and auger drilling programs at the São Jorge Project in Brazil's Tapajós gold district.
Key discoveries include:
- Diamond drilling: New gold and copper mineralization found 1 km from the main São Jorge deposit.
- Notable assay results: Drill hole SJD-123-24 yielded 10 m at 0.66 g/t gold, including 2 m at 1.65 g/t gold; SJD-124-24 returned 28 m at 275 ppm (0.0275%) copper.
- Auger drilling: Indicated new gold zones at the William South target, 2 km north of the deposit, with high-grade results such as 1 m at 17.14 g/t gold from 12 m depth.
These findings suggest potential for significant gold and copper mineralization in previously unexplored areas, supporting the hypothesis of an extensive high-strain corridor.
GoldMining announced positive assay results from its São Jorge Project in Brazil. The completed diamond core drilling program, spanning 1,077 meters, revealed significant findings from two holes: SJD-122-24, which showed 19 meters grading 1.24 g/t gold, including 7 meters at 2.98 g/t gold, and SJD-121-24, which showed 18 meters grading 0.70 g/t gold, including 8 meters at 1.14 g/t gold. The drilling aims to confirm and explore new mineralization zones, bolstering resource confidence and potentially leading to new gold discoveries. São Jorge, located in the Tapajós gold district, benefits from its proximity to infrastructure and historical gold production.
GoldMining has announced positive assay results from the first drill hole of its São Jorge Project in Brazil. The drilling program aims to confirm high-grade mineralization and improve resource estimates. Highlights include a 163m interval grading 1.02 g/t gold, with notable intersections of 37m at 2.26 g/t gold and 20m at 1.37 g/t gold. The project is strategically located in the Tapajós Gold District, near existing infrastructure. The results are expected to enhance the geological model and future resource estimations.
GoldMining has announced promising preliminary results from the geophysical survey reprocessing of its Rea uranium project in the Western Athabasca Basin. The Company, which owns 75% of the project, has identified over 70 km of prospective trends within three distinct corridors. The project encompasses approximately 125,328 hectares and surrounds Orano Canada's Dragon Lake prospect. Notable findings include anomalous uranium values and pathfinder elements in multiple drill holes across the Maybelle River, Net Lake, and Keane Lake corridors. CEO Alastair Still emphasized the cost-efficiency and strategic relevance of this work towards unlocking shareholder value. Future exploration will focus on refining targets for drilling.
GoldMining has commenced drilling at its São Jorge Gold Project in Brazil, spanning 45,997 hectares. The project includes 1,000 meters of diamond core drilling and 3,000 meters of power auger drilling. Objectives include confirming structural controls on high-grade mineralization and exploring new targets along a NW-SE high-strain corridor. The drilling will test surficial geochemical anomalies within a 12 km x 7 km area, comprising gold, copper, and molybdenum. The project sits within the Tapajos Gold District, noted for producing over 20 million ounces of gold. A new geological model may optimize mineral resource estimates, potentially leading to new discoveries.
GoldMining announced the voting results of its annual general meeting held on May 16, 2024. The meeting saw a quorum of 32.49% of outstanding shares represented. All nominees listed in the management's information circular dated March 25, 2024, were elected as directors. Significant votes were cast for Amir Adnani (92.02%), David Garofalo (92.07%), Garnet Dawson (94.45%), David Kong (94.26%), Gloria Ballesta (68.38%), Hon. Herb Dhaliwal (94.13%), Mario Bernardo Garnero (94.52%), and Anna Tudela (93.95%). Additionally, PricewaterhouseCoopers LLP was reappointed as the auditor for the ensuing year. Detailed voting results are available on SEDAR+.
GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) released its 2023 Sustainability Report, highlighting a focus on health and safety, community support, environmental initiatives, and diversity. The report showcases efforts to ensure responsible exploration and development practices while creating shared value for local communities. The Company's commitment to sustainability is evident in its approach and goals aligned with the United Nations' Sustainable Development Goals.
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