Recent Gold and Copper Findings at São Jorge Project

Exciting Discoveries at the São Jorge Project

GoldMining Inc. (NASDAQ: GOLD, TSX: GLDG) has made significant strides in mineral exploration with the recent discoveries of gold and copper mineralization at their São Jorge Project. The results are promising, indicating potential for increasing the resource at this strategically important site. The São Jorge Project is located within the Tapajós gold district, which has a rich history of gold production from both artisanal mining and established operations.

New Drill Results Highlight Mineralization

Recent diamond drilling at São Jorge has yielded impressive results, particularly from drill holes SJD-123-24 and SJD-124-24, which were strategically positioned approximately 1 kilometer northwest of the existing São Jorge gold deposit. These holes provided clear indications of new mineralization in areas previously untouched by drilling.

Specific Assay Results

The highlight from drill hole SJD-123-24 included an interval of 10 meters at 0.66 grams per tonne (g/t) gold, with particularly rich sections showing 2 meters at 1.65 g/t gold. Similarly, drill SJD-124-24 revealed 28 meters of copper mineralization, reinforcing the potential for valuable discoveries.

Ongoing Auger Drilling Program

In addition to the diamond drilling efforts, GoldMining has initiated an auger drilling program, concentrating on the William South target, located about 2 kilometers north of the current deposit. This exploratory effort has been encouraging, uncovering new primary gold mineralization zones. One highlighted intercept includes 1 meter returning 17.14 g/t gold at a depth of 12 meters, among other notable assays.

Strategic Importance of São Jorge

The São Jorge Project is strategically positioned near infrastructural developments, including paved highways and powerline corridors, enhancing accessibility for exploration activities. This site is near significant gold-producing projects, providing a solid operational framework for future developments.

Statements from Company Leaders

Alastair Still, CEO of GoldMining, expressed enthusiasm about the findings, emphasizing their potential impact on the geological comprehension of the São Jorge area. The team is optimistic that ongoing drilling will uncover additional corridors of mineralization, which was previously hinted at through gold-in-soil sampling.

Future Plans and Company Insights

Tim Smith, VP of Exploration, echoed these sentiments, noting the importance of the recent copper mineralization encountered in SJD-124-24 and its correlation with known geological models indicating porphyry-style mineralization. As the district has proven its capability for substantial mineral production, further exploration is anticipated to enhance the project's resource base.

Ongoing Exploration Efforts

GoldMining Inc. remains committed to expanding its existing resource portfolio in the Americas. The comprehensive exploration strategy across various projects, including São Jorge, will help unlock value for shareholders. With continued positive assay results, the trajectory for the company looks promising.

Conclusion: The Road Ahead

With ongoing programs and exciting new discoveries, GoldMining Inc. is well-positioned to enhance its growth strategy through increased exploration at the São Jorge Project. The expected outcomes from both diamond and auger drilling promises to add significant value and boost its appeal in the resource sector.

Frequently Asked Questions

What is the recent development at the São Jorge Project?

GoldMining has discovered new gold and copper mineralization through recent drill results, indicating further exploration potential.

How has the company's drilling program changed?

The current drilling program now focuses on not only confirmatory drilling near the existing deposit but also exploratory drilling in new areas.

What are the key findings from the recent drilling?

The key findings include significant gold intercepts of 10 meters at 0.66 g/t gold and notable copper mineralization at 28 meters depth.

Are there long-term plans for the São Jorge Project?

Yes, the company plans to continue exploration to fully assess the mineral potential and expand the resource base significantly.

Who is overseeing the exploration programs?

The company's exploration efforts are managed by a team led by Alastair Still and Tim Smith, who underscore the commitment to advancing their understanding of the geology in the gold district.

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