GoldMining Discovers Promising Gold Mineralization at São Jorge
GoldMining Inc. (the "Company" or "GoldMining") (NASDAQ: GOLD) is excited to announce significant new assay results from its ongoing drilling program at the São Jorge Project, situated in the promising Tapajós gold district yet rich with opportunities. With the project being wholly owned by GoldMining, this recent drilling campaign aimed primarily to explore deeper levels below the currently defined resources of gold mineralization.
Overview of the Drilling Program
The recent diamond core drilling program covered an extensive area of approximately 3,862 metres (m), focusing on regions beneath and along trends of the existing São Jorge mineral resource estimate zone, referred to as the "Deposit." This program not only tested existing gold resources but also investigated new prospects that had previously shown promise.
Highlighted Drilling Results
Among the most notable intercepts is a significant drill hole (SJD-136-25) that intersected 19 metres at 1.00 grams per tonne (g/t) of gold from a depth of 425 metres. This intersection lies beneath established resources and represents one of the deepest intercepts discovered to date at São Jorge, within a broader interval of 73 metres at an average of 0.54 g/t gold from 422 metres depth.
In addition, drilling at the Northwest Extension of the São Jorge Deposit has indicated promising intercepts of 3 metres at 1.10 g/t and 1 metre at 1.15 g/t gold from shallow depths of 10 and 45 metres respectively. These findings bolster the confidence in further expansion of the known mineralization to the northwest.
Induced Polarisation (IP) Data Confirmation
The results from processing the induced polarisation (IP) data collected during the 2025 exploration period reveal a significant chargeability anomaly at the William South prospect, which is commensurate in scale with the known signature of the São Jorge Deposit. This anomaly extends over 1 kilometre, located around 2 kilometres from the Deposit, prompting plans for further drilling in the highest chargeability regions in 2026.
Exploration Potential and Future Plans
Current exploration efforts and results suggest there is ample opportunity for potentially defining additional extensions of the already delineated mineral resource at the São Jorge Project. The site spans an impressive 46,000 hectares providing an extensive field for exploration activities that may lead to new gold discovery.
Alastair Still, Chief Executive Officer of GoldMining, expressed: "We are witnessing the deepening potential of our São Jorge Deposit with the most recent drilling program demonstrating depth extensions of gold mineralization. Our systematic drilling approach provides supportive evidence for a consistent gold presence on our properties. We anticipate unveiling our exploration plans for 2026 shortly," he added, emphasizing the excellent infrastructure surrounding the project facilitating ongoing exploration endeavors.
São Jorge Project Overview
The São Jorge Project is a prominent gold prospect located in the Amazon region, leveraging its granite-hosted mineral system, akin to other successful gold mines in the area. Over the past two years, systematic exploration has delineated multiple new gold ± copper ± molybdenum ± silver anomalies in soil, indicating a substantial mineral system.
The 2025 exploration program’s extensive drilling efforts contributed a remarkable total of 9,533 m, surpassing the initial planned target while remaining under budget, including 3,862 m of diamond core and 3,528 m of reverse circulation (RC) drilling operations.
Exploration Advancements
The 2025 exploration strategy targeted several promising areas within close reach of the existing deposit. Using five diamond core drill holes, GoldMining sought to determine the projected continuation of gold mineralization southeast of the São Jorge Deposit. The drilling targeted an IP chargeability anomaly, yielding notable discoveries of mineralized zones.
On the contrary, the team also drilled several additional holes towards the northwest of the main deposit to validate earlier intercepts, returning noteworthy assays pointing towards high-grade zones indicative of additional resource potential along this trend.
About GoldMining Inc.
GoldMining Inc. operates as a public mineral exploration company with a focus on acquiring and developing gold assets across the Americas. As it diversifies its portfolio, GoldMining controls a range of resource-stage gold and gold-copper projects across multiple countries, further bolstered by its significant stake in other entities focused on gold exploration.
Frequently Asked Questions
1. What were the key findings from GoldMining's recent drilling?
The recent drilling revealed significant gold mineralization, particularly an intercept of 19 m at 1.00 g/t from 425 m depth, showcasing the potential for deeper resources.
2. What does the Induced Polarisation data indicate?
The IP data indicates a large chargeability anomaly at William South, suggesting substantial exploration potential similar to the São Jorge Deposit.
3. How extensive is the São Jorge Project?
The São Jorge Project spans approximately 46,000 hectares, offering ample room for extensive exploration activities and potential discoveries.
4. What are the Company’s future plans for the São Jorge Project?
The company plans further drilling in 2026 to explore the highest chargeability core and extend the known mineral resources based on recent findings.
5. Who can I contact for more information about GoldMining Inc.?
For further inquiries, you can visit the company’s website or look for official press releases for updated information and reports.
