GoldMining Inc. Reveals Exceptional Gold-Antimony Drill Results
GoldMining Inc. Unveils Impressive Drill Results
GoldMining Inc. is delighted to share significant findings from the Crucero Project, affirming its potential as a dual gold-antimony system. The results have highlighted remarkable drill intercepts, showcasing both gold and antimony. The project is 100% owned by the company and has yielded notable dual mineralization.
Recent Drill Results that Stand Out
The recent drill results include exceptional intercepts like 4.01 g/t AuEq over 56 metres and 2.54 g/t AuEq over 107 metres, both featuring attractive gold and antimony grades. These results not only boost confidence in the project but also reinforce its viability in the booming metals market. With the price of antimony reaching near-record highs, GoldMining Inc. is poised to uncover further value within its inventories.
Key Drill Highlight Summary
- **CPC 10-1:** 2.03 g/t AuEq (1.58 g/t Au & 0.13% Sb) over 133.1 metres from 4 metres depth.
- **CPC 10-3:** 2.25 g/t AuEq (1.54 g/t Au & 0.20% Sb) over 88 metres from 72 metres depth.
- **DDH-07:** 30.41 g/t AuEq (3.72 g/t Au & 7.58% Sb) over 2 metres from 49 metres depth.
- **DDH-24:** 2.54 g/t AuEq (1.44 g/t Au & 0.31% Sb) over 107 metres from 108 metres depth.
- **DDH-27:** 4.01 g/t AuEq (2.06 g/t Au & 0.55% Sb) over 56 metres from 133 metres depth.
- **DDH-34:** 6.25 g/t AuEq (1.88 g/t Au & 1.24% Sb) over 20 metres from 385 metres depth.
In summarizing these results, CEO Alastair Still commented on the strong indications of multi-metal value in the Crucero Project, suggesting that with ongoing analysis, more significant opportunities could arise.
Growth Through Historical Data Validation
The ongoing assessment of historic assay results continues to demonstrate significant potential within the Crucero Project. The company has scrutinized a backlog of drill data, leading to a comprehensive review and validation of assay results against original laboratory certificates. This effort has led to the validation of assays from an additional 20 drill holes.
Database Expansion in Mineralization Insights
The enhanced Crucero database is now enriched with data from 79 drill holes and more than 657 trench assays. This effort demonstrates a commitment to expanding the understanding of gold and antimony distribution throughout the project area. The company is also engaging with laboratories to acquire archived certificates to deepen this analysis.
Exploring the Depths of the Crucero Project
The Crucero Project is located in the Andes mountain range and is richly endowed with orogenic gold mineralization. The geological setting comprises altered meta-sedimentary rocks, with mineralization associated with various sulfide minerals, including pyrite and stibnite.
Exploration activities from past operators, ranging from geological mapping to drilling, have produced a considerable amount of data confirming the presence of valuable mineralization in significant quantities. These efforts have built a strong foundation for GoldMining Inc. to advance operations toward potential development.
About GoldMining Inc.
GoldMining Inc. stands as a public exploration company dedicated to acquiring and advancing gold assets across the Americas. Through a disciplined strategy, the company has amassed a diverse portfolio of projects located in Canada, the USA, Brazil, Colombia, and Peru. They also maintain significant shareholdings in several other entities, including Gold Royalty Corp. and U.S. GoldMining Inc.
Frequently Asked Questions
What is the significance of the recent drill results for GoldMining Inc.?
The drill results confirm a strong potential for dual gold-antimony mineralization at the Crucero Project, highlighting both gold and antimony grades that can create multi-metal value.
How many drill holes have been validated in the Crucero Project?
A total of 79 drill holes along with over 657 trench assays have been validated as part of the ongoing assessment of the site's mineralization potential.
What geological formations are associated with the Crucero Project?
The project is characterized by altered meta-sedimentary rocks, primarily belonging to the Ananea Formation, with minerally significant minerals such as pyrite and stibnite.
What is the broader strategy of GoldMining Inc.?
GoldMining Inc. focuses on acquiring and developing promising gold assets in key regions across the Americas to maximize shareholder value through disciplined investment and exploration strategies.
How does the company ensure quality in its data and assay results?
The company maintains high standards of data verification by cross-referencing with original laboratory certificates, applying robust sampling protocols, and working with reputable independent laboratories.
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