New Exploration Results at São Jorge Project
GoldMining Inc. (NASDAQ: GOLD) is excited to present the latest assay results from its ongoing drilling program at the São Jorge Project located in the Tapajós gold district, Brazil. As exploration continues, these results underscore the potential for uncovering significant gold deposits in previously untested areas.
Highlights of the Drilling Program
William South Drilling Results
The latest findings illustrate promising outcomes from the William South drilling efforts, an essential focus within the broader strategy that aims to explore and identify new mineralization targets beyond the already defined areas of the São Jorge Project.
Key results include:
- 12 meters (m) at 2.38 grams per tonne (g/t) gold from 13 m depth—a remarkable intercept that includes a peak of 22 g/t Au, demonstrating the potential quality of the mineralization in this sector.
- 4 m at 1.11 g/t Au from 46 m depth
- 1 m at 1.23 g/t Au from 16 m depth
Moreover, initial data processing indicates that the southern flank of the chargeability anomaly at William South remains to be fully addressed, warranting further exploration.
Broader Exploration Impacts
The comprehensive exploration conducted to date has equated to a total of 9,533 meters drilled successfully throughout the 2025 program, adhering to budget constraints while uncovering promising sites. Noteworthy is that drilling has reaffirmed the potential for discovering new zones of mineralization across the expansive São Jorge Project that spans 46,000 hectares.
CEO Commentary
Alastair Still, CEO of GoldMining, stated: “The positive drilling results from the William South prospect reinforce our belief in this emerging gold discovery located near the well-known São Jorge deposit. The geological circumstances here echo those at the main deposit, signifying the necessity for continued systematic exploration.”
Project Overview and Future Directions
The São Jorge Gold Project itself is situated amid a rich geological landscape in the Tapajós gold district and hosts a granite-hosted, intrusion-related gold deposit. Over the last couple of years, GoldMining has worked diligently on identifying numerous new exploration targets, leading to a large-scale mineral system characterized by gold, copper, silver, and molybdenite anomalies.
Upcoming phases of drilling will strategically target the high-chargeability areas indicated by Induced Polarization (IP) surveys, establishing a pathway forward for further discoveries.
Additionally, the efficient logistics surrounding the São Jorge Project, including access to critical transportation and resources, have significantly facilitated the exploration activities. With an established camp supporting these operations, GoldMining looks to maximize this opportunity.
Geochemical Footprint and Drilling Details
The geochemical footprint over the São Jorge property is extensive, measuring approximately 12 kilometers by 7 kilometers, indicative of a substantial mineral system. The recent program has gone beyond anticipated drilling meters while maintaining budget adherence. The use of Reverse Circulation (RC) drilling, supplemented by diamond core and auger techniques, has been pivotal in generating reliable samples for analysis.
Data and Compliance Assurance
All procedures surrounding the drilling samples, including core and auger, are meticulously managed. The company's strategy involves sending samples for assaying to reputable laboratories, ensuring high standards of quality control are met to guarantee that all data collected is substantive and reflective of potential finds.
About GoldMining Inc.
GoldMining Inc. is dedicated to the acquisition and development of promising gold assets across the Americas. With a diversified portfolio of projects now in their developmental phase, GoldMining aims to optimize its chances of turning exploration success into tangible mining operations, ultimately contributing positively to the sector.
Frequently Asked Questions
What are the key results from the São Jorge drilling program?
The drilling program revealed intercepts including 12 m at 2.38 g/t Au from the William South prospect, showcasing the potential for significant mineralization.
Who is the CEO of GoldMining?
The CEO of GoldMining Inc. is Alastair Still, who provides insights and direction for the company's strategic initiatives.
What is the total area of the São Jorge Project?
The São Jorge Project covers an extensive area of 46,000 hectares dedicated to gold exploration and potential resource development.
What geological features characterize the São Jorge gold deposit?
The São Jorge deposit is categorized as a granite-hosted, intrusion-related gold deposit, similar to other notable deposits within the Amazon region.
What is the future outlook for GoldMining's exploration efforts?
GoldMining aims to continue systematic exploration while focusing on high-priority areas identified via geochemical anomalies and enhanced drilling techniques for the upcoming phases.
