GoldMining Inc. Commences Exploration Drilling at São Jorge Project, Brazil
GoldMining Inc. Commences Exploration Drilling at
São Jorge Project, Brazil
Vancouver, British Columbia – May 12, 2025 – GoldMining Inc. (the "Company" or "GoldMining") (TSX:
GOLD; NYSE American: GLDG) is pleased to report that it has commenced drilling with two diamond core
drills in support of the previously announced exploration program at its 100% owned São Jorge Project
("São Jorge" or the "Project") in the Tapajós gold district, Pará State, Brazil. The program, which was
commenced on time and on budget is the most extensive exploration program initiated by the Company to
date.
Highlights:
• Commenced drilling at São Jorge with two diamond core drills
• Approximately 500 metres completed of the planned campaign of up to 5,000 metres
• Also an airborne Lidar survey was initiated to provide high-resolution images of topography and
structural geological information
• Additional planned activities include extensive auger drilling and soil sampling programs, and
ground geophysical surveys including Induced Polarisation ("IP")
• Excellent infrastructure, including an existing 35-person camp and easy access to paved highway
and grid power, has helped facilitate a rapid ramp-up of exploration activities
• Building on the Company’s strong safety and sustainability culture, the excellent safety record to
date is testament to the Company’s investment in safety and environmental training , which is
provided for all employees and contractors and optimizes other production metrics
Alastair Still, Chief Executive Officer of GoldMining, commented: "Our local team in Brazil has done a
tremendous job successfully initiating the most extensive drilling program to date at our São Jorge Project
with zero reportable safety and environmental incidents . Following a successfully executed 2024 drilling
campaign, which utilized one diamond coring drill, we have doubled coring capacity this field season with
two drills to perform the 2025 exploration campaign.
We look forward to reporting results from this systematic exploration program that is targeting expansion of
the São Jorge deposit, which remains open along strike to the northwest and southe ast, and to test new
targets outside of known areas of mineralization extending over a 12 km x 7 km geochemical footprint within
our 100%-owned regional scale property exceeding 46,000 hectares in size.”
2025 São Jorge Exploration Drilling
The Company's 2025 core drilling program utilizes two drill rigs from the same contractor it appointed to
conduct the 2024 drilling program, which was completed efficiently and with no safety or environmental
incidents (see Figure 1).
The drilling comprises fences of drill holes targeting the potential extension of the deposit's known limits
along the trend to the northwest and southeast (see Figure 2). Pending results, the Company may
undertake further step-out drill fences along strike to continue testing the prospective structural corridor.
About São Jorge
The São Jorge Gold Project is located in the Tapajós gold district in the south-central portion of the Amazon
Craton. The São Jorge mineral deposit (the "Deposit") is a granite-hosted, intrusion-related gold deposit,
similar to the Tocantinzinho gold deposit located approximately 80 km northwest of São Jorge. Exploration
activities carried out by the Company over the past two years ha ve successfully delineated several new
exploration targets comprising gold ± copper ± molybdenum ± silver soil geochemical anomalies , which
cumulatively outlines a potential large mineral system defined by a 12 km x 7 km geochemical footprint
surrounding the Deposit (see news releases dated March 18, 2025 and April 14, 2025).
Figure 1 – Diamond core drilling underway at São Jorge.
Figure 2 –São Jorge Project exploration targets, indicating initial drill target locations.
Visit www.goldmining.com for more information, including high-resolution figures, and to review the
Technical Report titled "NI 43-101 Technical Report, São Jorge Project, Pará State, Brazil,” with an effective
date of January 28, 2025.
Qualified Person
Paulo Pereira, P. Geo., President of GoldMining, has supervised the preparation of, verified and approved
all scientific and technical information herein this news release. Mr. Pereira is also a qualified person as
defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
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 26.3 million shares of NevGold
Corp. (TSXV: NAU). See www.goldmining.com for additional information.
For additional information, please contact:
GoldMining Inc.
Amir Adnani, Co-Chairman, David Garofalo, Co-Chairman
Alastair Still, CEO
Telephone: (855) 630-1001
Email: [email protected]
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 p rojects. 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 simil ar
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, es timates 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 ris ks 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 the Project 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 relia nce 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.