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GoldMining Reports Additional High-Grade Drilling Results and Identifies Multiple Drill Targets, São Jorge Project, Brazil

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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 riporta ulteriori risultati di perforazione ad alta legge nel suo São Jorge Project, di proprietà al 100%, in Brasile. Il programma di perforazione con auger del 2024 ha identificato diversi nuovi obiettivi di oro in roccia, con le analisi di picco che superano le aspettative. I risultati salienti includono 1 metro a 10,2 g/t Au da 14m di profondità, 5m a 2,78 g/t Au da 10m di profondità e 3m a 1,05 g/t Au da 12m di profondità. Solo il 13% delle ampie anomalie di oro nel suolo sul progetto sono state testate fino ad ora. L'azienda prevede ulteriori perforazioni nel 2025 per delineare obiettivi aggiuntivi e potenzialmente scoprire nuove risorse auree. La proprietà di São Jorge, situata nel distretto d'oro di Tapajós, copre 45.997 ettari e ha un significativo potenziale esplorativo. Il progetto beneficia di infrastrutture nelle vicinanze, tra cui un’autostrada asfaltata e un nuovo corridoio di linea elettrica.

GoldMining informa sobre resultados adicionales de perforación de alta ley en su Proyecto São Jorge de propiedad 100% en Brasil. El programa de perforación con auger de 2024 identificó varios nuevos objetivos de oro en roca, con análisis máximos que superaron las expectativas. Los interceptos destacados incluyen 1 metro a 10.2 g/t Au a 14m de profundidad, 5m a 2.78 g/t Au a 10m de profundidad, y 3m a 1.05 g/t Au a 12m de profundidad. Solo el 13% de las amplias anomalías de oro en el suelo en el proyecto han sido probadas hasta la fecha. La empresa planea más perforaciones en 2025 para delinear objetivos adicionales y potencialmente descubrir nuevos recursos de oro. La propiedad de São Jorge, ubicada en el distrito de oro de Tapajós, cubre 45,997 hectáreas y tiene un significativo potencial de exploración. El proyecto se beneficia de la infraestructura cercana, incluyendo una carretera pavimentada y un nuevo corredor de línea eléctrica.

GoldMining은 브라질에 위치한 100% 소유의 상 조르지 프로젝트에서 추가적인 고급 채굴 결과를 보고했습니다. 2024년 오거 드릴링 프로그램은 여러 새로운 Bedrock에서의 금 목표를 확인했으며, 최고 분석 결과가 기대를 초과했습니다. 주요 인터셉트는 14m 깊이에서 10.2 g/t Au의 1미터, 10m 깊이에서 2.78 g/t Au의 5미터, 12m 깊이에서 1.05 g/t Au의 3미터를 포함합니다. 현재까지 프로젝트 내 폭넓은 토양 내 금 이상 탐지의 13%만이 테스트되었습니다. 회사는 2025년에 추가 목표를 정립하고 잠재적으로 새로운 금 자원을 발견하기 위해 추가 드릴링을 계획하고 있습니다. 상 조르지 소유지는 타파조스 금 지구에 위치하고 있으며 45,997헥타르를 차지하고 있으며 상당한 탐사 잠재력을 가지고 있습니다. 이 프로젝트는 포장 도로와 새로운 전선 회랑을 포함한 인근 인프라의 혜택을 받습니다.

GoldMining fait état de résultats supplémentaires de forage de haute qualité sur son Projet São Jorge, entièrement détenu, au Brésil. Le programme de forage avec tarière de 2024 a identifié plusieurs nouveaux cibles d'or dans la roche, avec des analyses de pic dépassant les attentes. Les intercepts remarquables incluent 1 mètre à 10,2 g/t Au à 14 m de profondeur, 5 m à 2,78 g/t Au à 10 m de profondeur et 3 m à 1,05 g/t Au à 12 m de profondeur. À ce jour, seulement 13 % des grandes anomalies de l'or dans le sol sur le projet ont été testées. La société prévoit un forage supplémentaire en 2025 pour délimiter des cibles supplémentaires et potentiellement découvrir de nouvelles ressources aurifères. La propriété de São Jorge, située dans le district aurifère de Tapajós, couvre 45 997 hectares et possède un potentiel d'exploration significatif. Le projet bénéficie d'infrastructures à proximité, y compris une autoroute pavée et un nouveau corridor de ligne électrique.

GoldMining berichtet über zusätzliche Hochgradbohrergebnisse im zu 100 % im eigenen São Jorge Projekt in Brasilien. Das Bohrprogramm mit Auger im Jahr 2024 identifizierte mehrere neue Goldziele in der Tiefe, wobei Spitzenanalysen die Erwartungen übertrafen. Hervorzuhebende Schnittpunkte umfassen 1 Meter bei 10,2 g/t Au aus einer Tiefe von 14 m, 5 m bei 2,78 g/t Au aus einer Tiefe von 10 m und 3 m bei 1,05 g/t Au aus einer Tiefe von 12 m. Bis heute wurden nur 13 % der breiten Goldvorkommen im Boden im Projekt getestet. Das Unternehmen plant 2025 weitere Bohrungen, um zusätzliche Ziele zu definieren und möglicherweise neue Goldressourcen zu entdecken. Die São Jorge-Liegenschaft im Goldbezirk Tapajós erstreckt sich über 45.997 Hektar und bietet erhebliches Erkundungspotenzial. Das Projekt profitiert von naheliegenden Infrastrukturen, einschließlich einer asphaltierten Autobahn und einem neuen Stromleitungs-Korridor.

Positive
  • High-grade gold intercepts, including 1m at 10.2 g/t Au and 5m at 2.78 g/t Au.
  • Identification of new gold-in-bedrock targets.
  • Only 13% of anomalies tested, indicating significant exploration potential.
  • Plans for further drilling in 2025 to discover new gold resources.
  • Project benefits from nearby infrastructure, including a highway and powerline.
Negative
  • Possible contamination and dilution of precious metal grades due to open-hole drill method.

Insights

The high-grade drilling results from São Jorge demonstrate compelling exploration potential, with several significant intercepts including 10.2 g/t Au over 1m and 2.78 g/t Au over 5m. The auger drilling program has successfully identified multiple new gold-in-bedrock targets with 17% of holes returning highly anomalous results above 100 ppb Au.

The discovery of contiguous high-tenor gold mineralization in bedrock beneath large surface soil anomalies validates the exploration model and suggests potential for additional gold resources. The William South zone, located 2km north of the existing deposit, appears particularly promising with multiple drill-ready targets.

The project's strategic location near infrastructure (paved highway and power grid) and proximity to G Mining's recently commissioned Tocantinzinho Gold Mine enhances its development potential. With only 13% of gold-in-soil anomalies tested so far, there remains significant exploration upside across the 460km² property.

Results Support the Regional-Scale Exploration Potential of the 460km2 Land Package

VANCOUVER, BC, Nov. 11, 2024 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to report additional assay results from the 2024 auger drilling program at its 100% owned São Jorge Project ("São Jorge" or the "Project") in the Tapajós gold district ("Tapajós"), Pará State, Brazil.

Highlights:

  • The auger drilling program successfully identified several new gold-in-bedrock targets, directly underlying large high-tenor surface soil anomalies at São Jorge.
  • Peak assays exceeded expectations for this style of drilling, returning several +1 gram per tonne gold ("g/t Au") intercepts in shallow weathered bedrock, including highlight intercepts:
    • 1 metre ("m") at 10.2 g/t Au from 14 m depth;
    • 5 m at 2.78 g/t Au from 10 m depth; and
    • 3 m at 1.05 g/t Au from 12 m depth.
  • At least three of the high-tenor contiguous gold-in-bedrock targets warrant additional follow-up drilling at the William South zone, part of an emerging multi-kilometre trend defined by soil and auger drill anomalies located approximately 2 km north of the São Jorge deposit. All targets remain open with potential for further expansion along strike.
  • Only 13% of the broad gold-in-soil anomalies across the Project have been tested to date with top of bedrock auger drilling. The Company currently plans to continue with systematic auger drilling in 2025 with the objective of delineating additional gold-in-bedrock targets and to conduct follow-up deeper drilling with the objective to potentially discover additional gold resources at São Jorge. 

Tim Smith, Vice President of Exploration of GoldMining, commented: "To complement the previously reported encouraging gold intercepts from the 2024 São Jorge step-out core drilling program, the auger drilling program has yielded several new zones of shallow gold-in-bedrock mineralization. Mounting evidence appears to point to additional corridors of gold mineralization at the Project, which were initially identified by systematic grid pattern gold-in-soil sampling and which now have been confirmed through auger drilling to have a proximal bedrock source. The high-grade gold values intersected by auger drilling have exceeded our expectations and underpin the exploration potential and quality of the broader São Jorge mineral system. Several high priority targets have been identified for follow-up deeper drilling with the objective to further expand gold mineralization at the Project."

Figure 1 – Tapajós Gold District and location of the São Jorge Project. (CNW Group/GoldMining Inc.)

São Jorge Drill Program Overview

The Company commenced a systematic program of auger and diamond core drilling at São Jorge in May 2024 (see news release dated May 29, 2024). The objectives of the program included confirmatory drilling within and near the margins of the existing São Jorge gold deposit (the "Deposit"), as well as exploratory drilling of identified gold targets in areas with no previous drilling, located within 1-2 km of known mineralization.

The auger drilling program focused in an area located approximately 2 km north of the São Jorge deposit to follow up on the large, multi-kilometre high tenor 'William South' gold-in-soil anomaly. All assays have now been received and the results demonstrate very encouraging indications of primary gold mineralization in bedrock, which highlights that the large, regional-scale São Jorge property has the potential to host additional corridors of mineralization. Follow-up RC and/or diamond core drilling is required to test for deeper bedrock mineralization with the objective to potentially discover and define additional zones of gold mineralization at São Jorge.

São Jorge comprises an extensive land area of some 45,997 hectares that lies within the active and rapidly developing Tapajós gold district (see Figure 1), which is estimated to have produced over 20 million ounces of gold historically from artisanal mining of surface deposits, according to the Brazil National Mining Agency. The Tapajós is home to Serabi Gold Plc.'s producing high-grade underground Palito Mine and G Mining Ventures Corp.'s ("G Mining") Tocantinzinho Gold Mine, which recently declared commercial production (see G Mining news release September 3, 2024).

São Jorge has the advantage of being located near paved Hwy BR-163 and a new 138 kV powerline corridor, which ties into the district electrical grid recently constructed for the Tocantinzinho Gold Mine. Exploration activities at São Jorge are operated from a permanent camp near the existing deposit which is just 3 km from the highway.

Figure 2 – São Jorge Project drilling locations. (CNW Group/GoldMining Inc.)

Auger Drilling Program

The 2024 power auger drilling program comprised 3,098 meters for approximately 206 holes, which was completed in September 2024. The program primarily targeted the high priority 'William South' area located approximately 2 km north of the São Jorge deposit. William South comprises a broad high-tenor zone of anomalous gold-in-soil (see Figures 2 and 3), measuring approximately 2 km x 2 km with soil assays peaking at 2,163 ppb Au (2.163 g/t Au).

The auger drilling utilized a powered 20 centimetre diameter rotary drill head capable of penetrating to 15-20 m depth, with vertical drill holes completed on an approximately 25-50 m x 50 m grid pattern. A geologist or technician supervised the drilling to log the drill cuttings and distinguish transported overburden from in situ weathered bedrock. Sampling is conducted on 1 m intervals with assaying to 5 parts per billion ("ppb") Au detection. The drill method is open-hole, therefore contamination and/or dilution of precious metal grades by material from higher in the hole is possible. The advantages of the auger program include the low detection limit assay results, coupled with the interpretation of the geological profile to provide a quick, inexpensive and effective direct mapping for the presence of gold mineralization in the uppermost portion of the residual weathered bedrock profile. This information can be used to guide follow-up exploration drilling using larger equipment such as RC or diamond core drilling. The auger drilling assay results are illustrated in Figure 2 and Figure 3, and details are provided in Tables 1 & 2.

Background gold values in both residual weathered bedrock and overlying transported soils is expected to range from nil to 1-2 ppb Au, thus values of greater than 10-25 ppb Au are considered to be 'elevated', and values greater than 100 ppb Au interpreted to be 'highly anomalous'. The auger program at William South has to date returned several +1 g/t Au intercepts, including a best intercept of 17.14 g/t Au over 1 m from 12 meters depth (SJTRD-082-24).

Analysis of the auger program assay results indicates that approximately 17% of all holes returned highly anomalous assay results (greater than 100 ppb Au), confirming the presence of gold mineralization in weathered bedrock in several areas.  Furthermore, the grid drilling program has identified several areas with clusters of anomalous results interpreted to indicate semi-contiguous zones of mineralization over 100's metres and remaining open along strike.

Indications of multiple contiguous high tenor primary gold mineralization occurrences in bedrock is compelling for the potential discovery of new gold resources at William South and warrants deeper follow-up drilling which is planned for 2025. Positive confirmation of underlying mineralization in close proximity to surficial gold-in-soil anomalies is further encouraging for more widespread application of auger drilling – a cheap and rapid sub-surface geochemical test – across other gold-in-soil anomalies located throughout the Project. Several additional target areas are planned for systematic auger drill testing in 2025.

Figure 3 – William South gold prospect. (CNW Group/GoldMining Inc.)

For additional information regarding the São Jorge Project, including existing resource estimates and historical work at the project, please refer to the technical report titled "São Jorge Gold Project, Pará State, Brazil: Independent Technical Report on Mineral Resources", prepared for the Company and dated effective May 31, 2021, which is available under the Company's profile at www.sedarplus.ca. 

Table 1           São Jorge bedrock assay intercepts from the 2024 auger drilling program (as of November 11, 2024).

Hole Number

Interval From 
(m) 

Interval 
To (m) 

Sample 
Length1 
(m) 

Au Grade 
(g/t) 

SJTRD-047-24 to SJTRD-053-24     

No Significant Result 

SJTRD-054-24

9.00

10.00

1.00

0.22

SJTRD-055-24

10.00

11.00

1.00

0.96

SJTRD-056-24 to SJTRD-076-24

No Significant Result



SJTRD-077-24

7.00

9.00

1.00

3.05

SJTRD-078-24

No Significant Result 

SJTRD-079-24

4.00

5.00

1.00

0.12

SJTRD-080-24

5.00

6.00

1.00

0.18

SJTRD-081-24

4.00

5.00

1.00

0.32

SJTRD-082-24

8.00

9.00

1.00

2.03

 And

12.00

13.00

1.00

17.14

SJTRD-083-24

No Significant Result 

SJTRD-084-24

17.00

18.00

1.00

0.92

SJTRD-085-24

No Significant Result 

SJTRD-086-24

5.00

7.00

2.00

4.41

Including

6.00

7.00

1.00

8.01

SJTRD-087-24 to SJTRD-089-24

No Significant Result 

SJTRD-090-24

9.00

10.00

1.00

0.83

SJTRD-091-24

9.00

11.00

2.00

1.47

SJTRD-092-24 to SJTRD-095-24

No Significant Result 

SJTRD-096-24

6.00

7.00

1.00

0.28

SJTRD-097-24

No Significant Result 

SJTRD-098-24

6.00

8.00

2.00

0.38

SJTRD-099-24 to SJTRD-107-24

No Significant Result 

SJTRD-108-24

10.00

11.00

1.00

0.10

SJTRD-109-24

9.00

10.00

1.00

0.11

SJTRD-110-24

7.00

8.00

1.00

0.21

SJTRD-111-24

No Significant Result 

SJTRD-112-24

5.00

6.00

1.00

0.19

SJTRD-113-24

10.00

11.00

1.00

0.17

SJTRD-114-24 to SJTRD-120-24

No Significant Result 

SJTRD-121-24

8.00

9.00

1.00

0.11

SJTRD-122-24 to SJTRD-123-24

No Significant Result 

SJTRD-124-24

9.00

11.00

2.00

2.06

 Including

10.00

11.00

1.00

3.78

SJTRD-125-24 to SJTRD-127-24

No Significant Result 

SJTRD-128-24

13.00

14.00

1.00

0.78

SJTRD-129-24 to SJTRD-146-24

No Significant Result 

SJTRD-147-24

14.00

15.00

1.00

10.20

SJTRD-148-24

6.00

7.00

1.00

0.13

SJTRD-149-24 to SJTRD-151-24

No Significant Result

SJTRD-152-24

9.00

10.00

1.00

0.26

SJTRD-153-24

No Significant Result

SJTRD-154-24

11.00

12.00

1.00

0.10

SJTRD-156-24 to SJTRD-157-24

No Significant Result

SJTRD-158-24

11.00

12.00

1.00

0.12

SJTRD-159-24 to SJTRD-161-24

No Significant Result

SJTRD-162-24

7.00

8.00

1.00

0.12

SJTRD-163-24

8.00

9.00

1.00

0.10

SJTRD-164-24 to SJTRD-165-24

No Significant Result

SJTRD-166-24

11.00

12.00

1.00

0.71

SJTRD-167-24 to SJTRD-186-24

No Significant Result

SJTRD-187-24

10.00

15.00

5.00

2.78

SJTRD-188-24 to SJTRD-196-24

No Significant Result

SJTRD-197-24

7.00

8.00

1.00

0.17

And

12.00

15.00

3.00

1.05

SJTRD-198-24 to SJTRD-203-24

No Significant Result

SJTRD-204-24

5.00

8.00

3.00

0.48

And

13.00

15.00

2.00

0.12

SJTRD-205-24

10.00

14.00

4.00

0.18

SJTRD-206-24 to SJTRD-209-24

No Significant Result

SJTRD-210-24

13.00

15.00

2.00

0.16

SJTRD-211-24

5.00

6.00

1.00

0.30

SJTRD-212-24 to SJTRD-213-24

No Significant Result

SJTRD-214-24

8.00

9.00

1.00

0.17

SJTRD-215-24 to SJTRD-227-24

No Significant Result

SJTRD-228-24

9.00

10.00

1.00

0.55

SJTRD-229-24 to SJTRD-250-24

No Significant Result

SJTRD-251-24

14.00

15.00

1.00

0.11

SJTRD-252-24

No Significant Result

1.  True widths are unknown due to the vertical hole angle and limited depth of drill penetration.

Table 2           São Jorge 2024 auger drill hole collar location coordinates.1 

Hole Number 

Easting 
Metres 
(UTM Zone 21S) 

Northing 
Metres 
(UTM Zone 21S) 

Elevation (m 
above sea 
level) 

Depth 
(m) 

Status

SJTRD-047-24  

656712

9284447

211

15

All Assays Received     

SJTRD-048-24

656709

9284505

214

14

All Assays Received

SJTRD-049-24

656701

9284550

215

14

All Assays Received

SJTRD-052-24

656651

9284700

215

8

All Assays Received

SJTRD-051-24

656650

9284650

219

11

All Assays Received

SJTRD-050-24

656650

9284600

218

12.7

All Assays Received

SJTRD-055-24

656601

9284600

217

12

All Assays Received

SJTRD-054-24

656601

9284650

221

10

All Assays Received

SJTRD-053-24

656603

9284701

215

6.6

All Assays Received

SJTRD-056-24

656401

9284500

219

14

All Assays Received

SJTRD-057-24

656402

9284550

222

12

All Assays Received

SJTRD-058-24

656402

9284600

223

11

All Assays Received

SJTRD-059-24

656401

9284635

219

10

All Assays Received

SJTRD-060-24

656350

9284600

218

9

All Assays Received

SJTRD-061-24

656351

9284550

220

12.6

All Assays Received

SJTRD-062-24

656357

9284500

207

14

All Assays Received

SJTRD-063-24

656361

9284445

225

13.4

All Assays Received

SJTRD-064-24

656602

9284559

216

14

All Assays Received

SJTRD-065-24

656603

9284568

226

13

All Assays Received

SJTRD-066-24

656603

9284578

201

14

All Assays Received

SJTRD-067-24

656604

9284588

209

13

All Assays Received

SJTRD-068-24

656607

9284598

230

14

All Assays Received

SJTRD-069-24

656618

9284600

203

12

All Assays Received

SJTRD-070-24

656598

9284613

210

20

All Assays Received

SJTRD-071-24

656599

9284624

205

16

All Assays Received

SJTRD-072-24

656598

9284631

207

18

All Assays Received

SJTRD-073-24

656595

9284643

206

18

All Assays Received

SJTRD-074-24

656596

9284660

206

16

All Assays Received

SJTRD-075-24

656596

9284676

204

18

All Assays Received

SJTRD-076-24

656599

9284652

205

18

All Assays Received

SJTRD-077-24

656801

9284637

212

15

All Assays Received

SJTRD-078-24

656558

9284652

205

18

All Assays Received

SJTRD-079-24

656567

9284653

206

18

All Assays Received

SJTRD-080-24

656578

9284653

205

18

All Assays Received

SJTRD-081-24

656588

9284649

205

18

All Assays Received

SJTRD-082-24

656604

9284655

221

16

All Assays Received

SJTRD-083-24

656614

9284655

221

18

All Assays Received

SJTRD-084-24

656624

9284654

221

18

All Assays Received

SJTRD-085-24

656634

9284654

220

18

All Assays Received

SJTRD-086-24

656648

9284654

220

18

All Assays Received

SJTRD-087-24

656645

9284625

209

15

All Assays Received

SJTRD-088-24

656625

9284600

208

15

All Assays Received

SJTRD-089-24

656634

9284599

208

15

All Assays Received

SJTRD-090-24

656588

9284596

211

15

All Assays Received

SJTRD-091-24

656577

9284597

212

15

All Assays Received

SJTRD-092-24

656568

9284602

223

15

All Assays Received

SJTRD-093-24

656556

9284597

209

15

All Assays Received

SJTRD-094-24

656711

9284454

218

15

All Assays Received

SJTRD-095-24

656733

9284452

219

15

All Assays Received

SJTRD-096-24

656772

9284449

220

15

All Assays Received

SJTRD-097-24

656797

9284441

214

15

All Assays Received

SJTRD-098-24

656826

9284430

209

15

All Assays Received

SJTRD-099-24

656744

9284621

196

15

All Assays Received

SJTRD-100-24

656702

9284607

203

15

All Assays Received

SJTRD-101-24

656506

9284656

209

15

All Assays Received

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9284645

210

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656452

9284600

212

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656507

9284600

210

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656553

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656496

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235

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656451

9284545

223

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656860

9284396

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656849

9284447

211

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656808

9284432

215

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656798

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221

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656757

9284469

219

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656741

9284469

204

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218

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656682

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214

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656660

9284452

208

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656664

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206

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656661

9284500

230

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656665

9284541

206

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656612

9284539

210

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656606

9284501

213

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656612

9284449

218

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656609

9284401

227

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656611

9284346

213

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SJTRD-129-24

656606

9284296

219

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656558

9284298

234

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656510

9284301

229

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656463

9284291

219

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656406

9284297

223

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656359

9284294

224

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SJTRD-135-24

656311

9284297

215

15

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SJTRD-136-24

656257

9284301

265

15

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SJTRD-137-24

656214

9284291

216

15

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SJTRD-138-24

656659

9284298

249

15

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SJTRD-139-24

656754

9284300

220

15

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SJTRD-140-24

656802

9284300

208

15

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SJTRD-141-24

656835

9284295

194

15

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SJTRD-142-24

656848

9284349

217

12

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SJTRD-143-24

656675

9284496

197

15

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SJTRD-144-24

656705

9284503

199

15

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SJTRD-145-24

656732

9284496

213

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656757

9284498

213

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656772

9284498

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656781

9284502

198

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656806

9284551

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656804

9284601

196

15

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656798

9284497

207

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656813

9284475

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656777

9284473

211

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SJTRD-154-24

656724

9284476

221

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656698

9284475

221

15

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656679

9284472

220

15

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SJTRD-157-24

656691

9284452

234

15

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SJTRD-158-24

656697

9284426

208

15

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SJTRD-159-24

656670

9284425

208

15

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SJTRD-160-24

656649

9284429

212

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656647

9284406

213

15

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656670

9284404

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SJTRD-163-24

656689

9284404

218

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SJTRD-164-24

656715

9284404

218

15

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SJTRD-165-24

656771

9284401

218

15

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SJTRD-166-24

656799

9284404

219

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656796

9284346

221

15

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SJTRD-168-24

656748

9284350

218

15

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SJTRD-169-24

656697

9284350

219

15

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SJTRD-170-24

656649

9284349

219

15

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SJTRD-171-24

656550

9284350

220

15

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SJTRD-172-24

656498

9284350

222

15

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656500

9284250

224

15

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SJTRD-174-24

656547

9284250

223

15

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SJTRD-175-24

656612

9284250

251

15

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SJTRD-176-24

656651

9284251

249

15

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SJTRD-177-24

656696

9284252

206

15

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SJTRD-178-24

656743

9284249

204

15

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SJTRD-179-24

656795

9284248

202

15

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SJTRD-180-24

656848

9284251

223

15

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SJTRD-181-24

656841

9284197

223

15

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SJTRD-182-24

656795

9284199

225

15

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SJTRD-183-24

656733

9284202

213

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SJTRD-184-24

656696

9284201

214

15

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SJTRD-185-24

656643

9284197

215

15

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SJTRD-186-24

656592

9284200

230

15

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SJTRD-187-24

656544

9284201

233

15

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SJTRD-188-24

656494

9284202

225

15

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SJTRD-189-24

656499

9284153

219

15

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SJTRD-190-24

656545

9284149

220

15

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SJTRD-191-24

656599

9284147

219

15

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SJTRD-192-24

656648

9284148

271

15

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SJTRD-193-24

656697

9284150

267

15

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SJTRD-194-24

656746

9284153

216

15

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656795

9284155

219

15

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SJTRD-196-24

656847

9284151

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15

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SJTRD-197-24

656737

9284630

214

18

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SJTRD-198-24

656754

9284632

213

18

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SJTRD-199-24

656098

9284452

207

15

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656106

9284499

208

15

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SJTRD-201-24

656057

9284502

222

15

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656055

9284549

221

15

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656110

9284545

225

15

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656152

9284551

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9284602

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9284604

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9284600

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9284646

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656103

9284646

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656155

9284652

207

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656201

9284650

214

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9284700

214

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656158

9284705

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9284699

212

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656106

9284748

212

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18

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9284653

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18

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9284651

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9284654

202

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9284629

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18

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18

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18

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9284633

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18

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9284400

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9284200

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15

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1.  All holes are collared at a vertical hole angle.

Qualified Person

Paulo Pereira, P. Geo., President of GoldMining, has supervised the preparation of, and verified and approved, the scientific and technical information herein this news release. Mr. Pereira is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

Data Verification

For drill core sampling samples were taken from the NQ/HQ core by sawing the drill core in half, with one-half sent to SGS Geosol Laboratórios Ltda. ("SGS") in Brazil for assaying, and the other half of the core retained at the site for future reference. Sample lengths downhole were uniformly 1.0 m. For the auger drilling program, samples were collected at 1 m sample intervals, with the material being dried, homogenized and split in the field to obtain a 1 kg representative sample which was sent to SGS for analysis. The remaining auger sample material is stored until the lab results are received, and a 1 kg sample duplicate is maintained in the archive. 

SGS is a certified commercial laboratory located in Vespasiano, Minas Gerais, Brazil, and is independent of GoldMining. GoldMining has implemented a quality assurance and quality control program for the sampling and analysis of drill core and auger samples, including duplicates, mineralized standards and blank samples for each batch of 100 samples. The gold analyses are completed by FAA505 method (fire-assay with an atomic absorption finish on 50 grams of material).

About GoldMining Inc.

GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.S.A., Brazil, Colombia, and Peru. The Company also owns approximately 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), 9.9 million shares of U.S. GoldMining Inc. (Nasdaq: USGO), and 26.7 million shares of NevGold Corp. (TSXV: NAU). See www.goldmining.com for additional information.

Notice to Readers

Technical disclosure regarding São Jorge has been prepared by the Company in accordance with NI 43-101. NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.  These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and the scientific and technical information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.

Cautionary Statement on Forward-looking Statements

Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements respecting the Company's expectations regarding the project and expected work programs thereat and often contain words such as "anticipate", "intend", "plan", "will", "would", estimate", "expect", "believe", "potential" and variations of such terms. Such forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates, which may prove to be incorrect. Investors are cautioned that forward-looking statements involve risks and uncertainties, including, without limitation: the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, any inability to complete work programs as expected, the Company's plans with respect to São Jorge may change as a result of further planning or otherwise,  and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs most recent Annual Information Form and other filings with Canadian securities regulators and the SEC, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that forward-looking statements, or the material factors or assumptions used to develop such forward-looking statements, will prove to be accurate. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities law.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/goldmining-reports-additional-high-grade-drilling-results-and-identifies-multiple-drill-targets-sao-jorge-project-brazil-302300747.html

SOURCE GoldMining Inc.

FAQ

What are the recent high-grade drilling results reported by GoldMining at São Jorge?

Recent high-grade drilling results 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.

What percentage of the gold-in-soil anomalies at São Jorge has been tested?

Only 13% of the broad gold-in-soil anomalies at São Jorge have been tested to date.

What are GoldMining's plans for the São Jorge Project in 2025?

GoldMining plans to continue systematic auger drilling to delineate additional gold-in-bedrock targets and conduct follow-up deeper drilling to potentially discover new gold resources.

What is the significance of the São Jorge Project's location?

The São Jorge Project is located in the Tapajós gold district, covering 45,997 hectares, and benefits from nearby infrastructure such as a paved highway and a new powerline corridor.

What potential issues are associated with the auger drilling method used at São Jorge?

The open-hole drill method used in the auger drilling program may cause contamination and dilution of precious metal grades by material from higher in the hole.

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GLDG Latest News

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Jul 9, 2024
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GOLDMINING DEFINES AT LEAST 70 KM OF PROSPECTIVE TREND IN THREE CORRIDORS ON ITS REA URANIUM PROJECT, WESTERN ATHABASCA BASIN

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