GoldMining Discovers Gold and Copper Mineralization in Drilling 1 km from the São Jorge Deposit, Brazil
GoldMining Discovers Gold and Copper Mineralization in Drilling 1 km from
the São Jorge Deposit, Brazil
Designated News Release
VANCOUVER, BC
,
Sept. 9, 2024
/CNW/ - GoldMining Inc. (the "
Company
" or "
GoldMining
")
(TSX: GOLD) (NYSE American: GLDG) is pleased to report final
drill assay results from the previously announced diamond drilling program, and a progress update for the ongoing auger drilling program, at the Company's 100%
owned São Jorge Project ("
São Jorge
" or the "
Project
") in the Tapajós gold district ("
Tapajós
"), Pará State,
Brazil
.
Highlights include:
The two most recent diamond drill holes successfully identified new gold and copper mineralization approximately 1 kilometre ("
km
") northwest of the São
Jorge gold deposit (the "
Deposit
") in areas that had no previous drilling. Assay results include:
Drill hole SJD-123-24
:
10 m
at 0.66 grams per tonne (g/t) gold (Au) from 93 metres (m) depth, including:
2 m
at 1.65 g/t Au from
93 m
depth.
Drill hole SJD-124-24
:
28 m
at 275 ppm (0.0275%) copper (Cu) from
28 m
depth.
The ongoing shallow auger drilling program has returned very encouraging indications of new zones of primary gold mineralization at the
William South
target located approximately 2 km north of the Deposit. Several auger drill holes delivered high-grade intercepts within the top of weathered bedrock, directly
underlying large high-tenor surface soil anomalies. Highlight drill intercepts include:
1 m
at 17.14 g/t Au from
12 m
depth
1 m at 8.01 g/t Au from
6 m
depth
1 m at 3.78 g/t Au from
10 m
depth
Alastair Still
, Chief Executive Officer of GoldMining, commented:
"The exploration program at São Jorge completed to date has significantly advanced our
geological knowledge in the São Jorge district, including better defining the high-grade core of the São Jorge deposit. The recent step-out core drilling program
has identified mineralization approximately 1 km away from the existing mineral resource in an area with no previous drilling. In addition, our team has assembled
exciting evidence for potential additional corridors of mineralization on the regional scale property, which were diligently identified via gold-in-soil sampling and now
have been confirmed through auger drilling to include a bedrock source containing high-grade gold."
Tim Smith
, Vice President of Exploration of GoldMining, commented:
"To complement the encouraging gold mineralization intersected in step-out core and
auger drilling, drill hole SJD-124-24 intersected a broad zone of strongly anomalous copper which is encouraging as the Tapajos district is known to contain
porphyry-style copper +/- gold mineralization. Further, gold mineralization intersected in SJD-123-24 is consistent with our thesis of an extensive high-strain
corridor that could host additional gold mineralization northwest and southeast along strike of the Deposit as a component of a regional scale gold-bearing mineral
system."
Figure 1 – Tapajós Gold District and location of the São Jorge Project. (CNW Group/GoldMining Inc.)
São Jorge Drill Program Overview
The Company commenced drilling at São Jorge in
May 2024
(see news release dated
May 29, 2024
). The objectives of the program included confirmatory drilling
within and near the margins of the existing São Jorge gold deposit (the "
Deposit
"
)
, as well as exploratory drilling of identified gold targets within 1-2 km of known
mineralization in areas with no previous drilling.
The diamond core drilling component of the program consisted of
1,077 m
over five holes, and the ongoing
3,000 m
auger drilling program is approximately two
thirds complete, with assays received from approximately one third of the projected program. Assay results for the latest two diamond drill holes (SJD-123-24
and SJD-124-24) have been received, which combined with the previously released holes, SJD-120-24 to SJD-122-24 (see news releases dated
June 18
and
July 9, 2024
), successfully concludes the current phase of diamond core drilling planned for São Jorge. The latest holes have identified new gold and copper
mineralization approximately 1 km northwest of the existing deposit in an area that had not been previously drilled.
Ongoing auger drilling, focused in an area located approximately 2 km north of the São Jorge deposit to follow up on the large high tenor '
William South'
gold-in-
soil anomaly, has returned very encouraging indications of primary gold mineralization in bedrock which highlights that the large, regional-scale property has
potential to host additional corridors of mineralization that can be further tested by core drilling.
São Jorge lies within the active and rapidly developing Tapajós Gold District (see
Figure 1
), which is estimated to have produced over 20 million ounces of gold
historically from artisanal mining of surface deposits, according to the Brazil National Mining Agency. The Tapajós is home to Serabi Gold Plc.'s producing high-
grade underground Palito Mine and G Mining Ventures Corp.'s ("G Mining") brand new Tocantinzinho Gold Mine, which recently declared commercial production
(see G Mining news release
September 3, 2024
).
São Jorge is located immediately adjacent to paved Hwy BR-163 and a new 138 kV powerline corridor, which ties into the district electrical grid recently
constructed for the Tocantinzinho Gold Mine. Exploration activities at São Jorge are operated from a permanent camp near the existing Deposit and just 3 km
from the highway.
Figure 2 – São Jorge Project drilling locations, including diamond core holes SJD-123-24, SJD-124-24, previously reported core drill holes, and the ongoing auger
drilling. Cross section line ‘A-A’ is indicated for core holes SJD-123-24 & SJD-124-24 - see Figure 4. (CNW Group/GoldMining Inc.)
Diamond Core Drilling Program
Highlights of the confirmatory component of the drilling program included drill holes SJD-120-24 (see news release dated
June 18, 2024
) with an interval of
163 m
at 1.02 g/t Au, and SJD-121-24 and SJD-122-24 (see news release dated
July 9, 2024
) with intervals of
18 m
at 0.70 g/t Au and
19 m
at 1.24 g/t Au respectively.
SJD-123-24 and SJD-124-24
–
new drilling reported in this release
- comprised step-out drilling located approximately 1 km to the northwest of the Deposit,
testing coincident geochemical and geophysical anomalies interpreted to form an extension of the São Jorge high-strain corridor (see
Figure 2
). SJD-123-24 and
SJD-124-24 tested strong and broad gold- and copper-in-soil surface anomalies, respectively. See
Tables 1
and
2
for further information regarding the diamond
core drilling.
Gold mineralization encountered in SJD-123-24 is similar in style to that in the São Jorge deposit, comprising fracture-controlled sulphide ± quartz veins, with the
sulphides consisting of dominant pyrite with lesser chalcopyrite. This helps support our geological model that gold mineralization may extend along a broad high-
strain corridor co-incident locally with a contact between monzogranite and syenogranite The sheared contact between monzogranite and syenogranite, which at
the Deposit forms the southern boundary of the São Jorge high-strain corridor, was not intersected in the shallow depth drilled in SJD-123-24, thus follow-up
drilling is warranted both across and along strike (see
Figure 3
for a cross-section of SJD-123-24 and SJD-124-24).
The elevated copper encountered in SJD-124-24 is interpreted as a possible hydromorphic dispersion layer in saprolite, see
Figure 3
, formed from the in situ
weathering of granitoid rock and the redistribution of mobile metals by ground water. It may form a horizontal blanket-shaped plume of elevated copper,
concentrated between the base of complete oxidation ("BOCO") and top of fresh rock ("TOFR"), which is the typical location for hydromorphic mobilization of
soluble metals in a lateritic weathering profile such as in the Tapajós district of the Brazilian Craton. The strongly anomalous Cu zone in SJD-124-24 contains
approximately 20 times the typical background of copper levels normally found in granitoid rocks, and the location, continuity and tenor of the anomalous copper
values may indicate an underlying bedrock source of copper mineralization in close proximity. Deeper sections of SJD-124-24 intersected thin discrete sulphide
bearing veins with dominant pyrite and chalcopyrite, thus confirming a possible source of the elevated copper in bedrock. Hydromorphic dispersion halos may
extend for 10s to 100s of meters from the source bedrock mineralization, therefore follow-up drilling is warranted to further explore and confirm the potential
source, tenor and style of copper mineralization responsible for the broad halo of copper enrichment in the weathering profile.
Figure 3 – São Jorge High-Strain Corridor drill hole cross-section, located approximately 1 km west along strike of the Deposit, showing the location of recently
completed SJD-123-24 and SJD-124-24; facing northwest (see section trace on Figure 2). (CNW Group/GoldMining Inc.)
Auger Geochemical Drilling Program
A power auger drilling program comprising an initial program of 3,000 meters for approximately 200 holes is underway at the Project. The auger program is
initially targeting the high priority '
William South'
area located approximately 2 km north of the São Jorge deposit. William South comprises a broad high-tenor
zone of anomalous gold-in-soil (see Figures 2 and 4), measuring approximately 2 km x 2 km with soil assays peaking at 2,163 ppb Au (2.163 g/t Au).
To date assays have been received for 101 holes completed at the William South target. From the initial drill results, approximately 25% of all holes have returned
assay results greater than 100 ppb (0.1 g/t) Au, confirming the presence of gold mineralization in weathered bedrock. Note that background gold values in both
residual weathered bedrock and overlying transported soils, is expected to range from nil to 1-2 ppb Au, thus values of greater than 10 -25 ppb Au are considered
to be 'elevated' and greater than 100 ppb Au to be 'highly anomalous'.
The auger drilling comprises a powered 20 centimetre diameter rotary drill head capable of penetrating to 15-
20 m
depth. A geologist or technician supervises the
drilling to log the drill cuttings and distinguish transported overburden from in situ weathered bedrock. Sampling is conducted on
1 m
intervals with assaying to 5
ppb Au detection. The drill method is open-hole, therefore contamination and/or dilution of precious metal grades by material from higher in the hole is possible.
However, the low detection limit assay results, coupled with interpretation of the geological profile, provides a quick, cheap and effective direct mapping of the
presence of gold mineralization in the uppermost portion of the residual weathered bedrock profile. This information can be used to guide follow-up exploration
drilling using larger equipment such as reverse circulation (RC) or diamond core drilling. The auger drilling assay results received to date are illustrated in
Figure 2
, and details are provided in
Tables 3 & 4
.
Auger drilling at William South has to date returned very encouraging indications of primary gold mineralization in bedrock, which confirms an in situ source of the
gold-in-soil anomaly and encourages more widespread application of auger drilling – a cheap and rapid sub-surface geochemical test – across other gold-in-soil
anomalies within the Project. Furthermore, the confirmation of a bedrock gold source beneath the William South soil anomaly suggests that the large, regional-
scale Project has potential to host additional corridors of mineralization that can be further tested by deeper RC or core drilling methods to define new bedrock
gold discoveries. Several additional target areas are planned for auger drill testing over the coming months, see
Figure 4
.
Figure 4 – São Jorge High-Strain Corridor (centre of image) and possible parallel prospective linear trends, defined by gold-in-soil anomalies and supported by
geophysical interpretation and further being confirmed by the ongoing auger drilling program. Numerous high tenor gold-in-soil anomalies, occurring within a
broader +10 ppb Au anomaly, will be followed up with auger drill grids, which are shown by the green symbols. (CNW Group/GoldMining Inc.)
For additional information regarding the São Jorge Project, including existing resource estimates and historical work at the project, please refer to the technical
report titled "São Jorge Gold Project, Pará State,
Brazil
: Independent Technical Report on Mineral Resources", prepared for the Company and dated effective
May 31, 2021
, which is available under the Company's profile at
www.sedarplus.ca
.
Table 1 – São Jorge assay intercepts from the 2024 diamond core drilling program, received as of
September 9, 2024
.
Hole Number
Interval From
(m)
Interval To
(m)
Core
Length
1
(m)
Au Grade
(g/t)
Cu Grade
(ppm)
SJD-120-24
44.00
207.00
163.00
1.02
-
SJD-120-24
44.00
64.00
20.00
1.37
-
Including
45.00
50.00
5.00
2.82
-
Including
45.00
46.00
1.00
7.25
-
SJD-120-24
69.00
70.00
1.00
3.03
-
SJD-120-24
74.00
75.00
1.00
5.05
-
SJD-120-24
95.00
132.00
37.00
2.26
-
Including
97.00
98.00
1.00
11.47
-
Including
102.00
104.00
2.00
12.22
-
SJD-120-24
148.00
159.00
11.00
1.00
-
Including
152.00
155.00
3.00
2.31
-
SJD-120-24
166.00
179.00
13.00
1.35
-
SJD-120-24
195.0
207.0
12.00
1.15
-
including
201.00
206.00
5.00
2.24
-
Including
205.00
206.00
1.00
7.29
-
SJD-120-24
249.00
250.00
1.00
1.07
-
SJD-120-24
259.00
260.00
1.00
1.27
-
SJD-120-24
265.00
266.00
1.00
3.74
-
SJD-121-24
49.00
52.00
3.00
1.31
-
SJD-121-24
86.00
104.00
18.00
0.70
-
Including
88.00
96.00
8.00
1.14
-
SJD-121-24
191.00
196.00
5.00
0.75
-
SJD-122-24
32.00
35.00
3.00
0.80
-
SJD-122-24
61.00
80.00
19.00
1.24
-
Including
68.00
75.00
7.00
2.98
-
Including
72.00
73.00
1.00
15.67
-
SJD-122-24
110.00
114.00
4.00
0.47
-
SJD-123-24
93.00
103.00
10.00
0.66
-
Including
93.00
95.00
2.00
1.65
-
SJD-124-24
28.00
56.00
28.00
-
275
Notes:
1.
True widths are estimated to be approximately 66% of downhole length, assuming primarily steeply dipping vein-hosted mineralization.
Table 2 – São Jorge 2024 diamond core drill hole collar location coordinates.
Hole
Number
Easting
Metres
(UTM Zone
21S)
Northing
Metres
(UTM Zone
21S)
Elevation
(m above
sea level)
Depth
(m)
Azimuth
(
Degrees
)
Dip
(
Degrees
)
Status
SJD 120-24
657535
9282655
209.45
271.84
335
-50
All assays
received
SJD 121-24
656807
9283159
211.50
200.34
180
-50
All assays
received
SJD 122-24
656810
9283020
214.90
126.43
180
-50
All assays
received
SJD 123-24
656065
9283800
203.10
251.39
230
-50
All assays
received
SJD 124-24
656360
9284004
223.29
226.51
215
-50
All assays
received
Table 3 – São Jorge bedrock assay intercepts from the 2024 auger drilling program, received as of
September 9
, 2024
Hole Number
Interval
From (m)
Interval
To (m)
Sample
Length
1
(m)
Au Grade
(g/t)
SJTRD-047-24 to SJTRD-053-24
No Significant Result
SJTRD-054-24
9.00
10.00
1.00
0.22
SJTRD-055-24
10.00
11.00
1.00
0.96
SJTRD-056-24 to SJTRD-076-24
No Significant Result
SJTRD-077-24
7.00
9.00
1.00
3.05
SJTRD-078-24
No Significant Result
SJTRD-079-24
4.00
5.00
1.00
0.12
SJTRD-080-24
5.00
6.00
1.00
0.18
SJTRD-081-24
4.00
5.00
1.00
0.32
SJTRD-082-24
8.00
9.00
1.00
2.03
And
12.00
13.00
1.00
17.14
SJTRD-083-24
No Significant Result
SJTRD-084-24
17.00
18.00
1.00
0.92
SJTRD-085-24
No Significant Result
SJTRD-086-24
6.00
7.00
1.00
8.01
SJTRD-087-24 to SJTRD-089-24
No Significant Result
SJTRD-090-24
9.00
10.00
1.00
0.83
SJTRD-091-24
9.00
11.00
2.00
1.47
SJTRD-092-24 to SJTRD-095-24
No Significant Result
SJTRD-096-24
6.00
7.00
1.00
0.28
SJTRD-097-24
No Significant Result
SJTRD-098-24
6.00
8.00
2.00
0.38
SJTRD-099-24 to SJTRD-107-24
No Significant Result
SJTRD-108-24
10.00
11.00
1.00
0.10
SJTRD-109-24
9.00
10.00
1.00
0.11
SJTRD-110-24
7.00
8.00
1.00
0.21
SJTRD-111-24
No Significant Result
SJTRD-112-24
5.00
6.00
1.00
0.19
SJTRD-113-24
10.00
11.00
1.00
0.17
SJTRD-114-24 to SJTRD-120-24
No Significant Result
SJTRD-121-24
8.00
9.00
1.00
0.11
SJTRD-122-24 to SJTRD-123-24
No Significant Result
SJTRD-124-24
9.00
11.00
2.00
2.06
Including
10.00
11.00
1.00
3.78
SJTRD-125-24 to SJTRD-127-24
No Significant Result
SJTRD-128-24
13.00
14.00
1.00
0.78
SJTRD-129-24 to SJTRD-142-24
No Significant Result
Notes:
1.
True widths are unknown given the vertical hole angle and limited depth of drill penetration.
Table 4
–
São Jorge 2024 auger drill hole collar location coordinates.
1
Hole
Number
Easting
Metres
(UTM Zone
21S)
Northing
Metres
(UTM Zone
21S)
Elevation
(m above
sea level)
Depth
(m)
Status
SJTRD-047-24
656598
9284613
210
20
All assays received
SJTRD-048-24
656712
9284447
211
15
All assays received
SJTRD-049-24
656709
9284505
214
14
All assays received
SJTRD-052-24
656701
9284550
215
14
All assays received
SJTRD-051-24
656651
9284700
215
8
All assays received
SJTRD-050-24
656650
9284650
219
11
All assays received
SJTRD-055-24
656650
9284600
218
13
All assays received
SJTRD-054-24
656601
9284600
217
12
All assays received
SJTRD-053-24
656601
9284650
221
10
All assays received
SJTRD-056-24
656603
9284701
215
7
All assays received
SJTRD-057-24
656401
9284500
219
14
All assays received
SJTRD-058-24
656402
9284550
222
12
All assays received
SJTRD-059-24
656402
9284600
223
11
All assays received
SJTRD-060-24
656401
9284635
219
10
All assays received
SJTRD-061-24
656350
9284600
218
9
All assays received
SJTRD-062-24
656351
9284550
220
13
All assays received
SJTRD-063-24
656357
9284500
207
14
All assays received
SJTRD-064-24
656361
9284445
225
13
All assays received
SJTRD-065-24
656602
9284559
216
14
All assays received
SJTRD-066-24
656603
9284568
226
13
All assays received
SJTRD-067-24
656603
9284578
201
14
All assays received
SJTRD-068-24
656604
9284588
209
13
All assays received
SJTRD-069-24
656607
9284598
230
14
All assays received
SJTRD-070-24
656618
9284600
203
12
All assays received
SJTRD-071-24
656599
9284624
205
16
All assays received
SJTRD-072-24
656598
9284631
207
18
All assays received
SJTRD-073-24
656595
9284643
206
18
All assays received
SJTRD-074-24
656596
9284660
206
16
All assays received
SJTRD-075-24
656596
9284676
204
18
All assays received
SJTRD-076-24
656599
9284652
205
18
All assays received
SJTRD-077-24
656801
9284637
212
15
All assays received
SJTRD-078-24
656558
9284652
205
18
All assays received
SJTRD-079-24
656567
9284653
206
18
All assays received
SJTRD-080-24
656578
9284653
205
18
All assays received
SJTRD-081-24
656588
9284649
205
18
All assays received
SJTRD-082-24
656604
9284655
221
16
All assays received
SJTRD-083-24
656614
9284655
221
18
All assays received
SJTRD-084-24
656624
9284654
221
18
All assays received
SJTRD-085-24
656634
9284654
220
18
All assays received
SJTRD-086-24
656648
9284654
220
18
All assays received
SJTRD-087-24
656645
9284625
209
15
All assays received
SJTRD-088-24
656625
9284600
208
15
All assays received
SJTRD-089-24
656634
9284599
208
15
All assays received
SJTRD-090-24
656588
9284596
211
15
All assays received
SJTRD-091-24
656577
9284597
212
15
All assays received
SJTRD-092-24
656568
9284602
223
15
All assays received
SJTRD-093-24
656556
9284597
209
15
All assays received
SJTRD-094-24
656711
9284454
218
15
All assays received
SJTRD-095-24
656733
9284452
219
15
All assays received
SJTRD-096-24
656772
9284449
220
15
All assays received
SJTRD-097-24
656797
9284441
214
15
All assays received
SJTRD-098-24
656826
9284430
209
15
All assays received
SJTRD-099-24
656744
9284621
196
15
All assays received
SJTRD-100-24
656702
9284607
203
15
All assays received
SJTRD-101-24
656506
9284656
209
15
All assays received
SJTRD-102-24
656451
9284645
210
15
All assays received
SJTRD-103-24
656452
9284600
212
15
All assays received
SJTRD-104-24
656507
9284600
210
15
All assays received
SJTRD-105-24
656553
9284579
236
15
All assays received
SJTRD-106-24
656496
9284557
235
15
All assays received
SJTRD-107-24
656451
9284545
223
15
All assays received
SJTRD-108-24
656860
9284396
220
15
All assays received
SJTRD-109-24
656849
9284447
211
15
All assays received
SJTRD-110-24
656808
9284432
215
15
All assays received
SJTRD-111-24
656798
9284438
218
15
All assays received
SJTRD-112-24
656794
9284467
231
15
All assays received
SJTRD-113-24
656777
9284434
212
15
All assays received
SJTRD-114-24
656744
9284432
221
15
All assays received
SJTRD-115-24
656757
9284469
219
15
All assays received
SJTRD-116-24
656741
9284469
204
15
All assays received
SJTRD-117-24
656727
9284431
218
15
All assays received
SJTRD-118-24
656682
9284440
214
15
All assays received
SJTRD-119-24
656689
9284464
213
15
All assays received
SJTRD-120-24
656660
9284452
208
15
All assays received
SJTRD-121-24
656664
9284475
206
15
All assays received
SJTRD-122-24
656661
9284500
230
15
All assays received
SJTRD-123-24
656665
9284541
206
15
All assays received
SJTRD-124-24
656612
9284539
210
15
All assays received
SJTRD-125-24
656606
9284501
213
15
All assays received
SJTRD-126-24
656612
9284449
218
15
All assays received
SJTRD-127-24
656609
9284401
227
15
All assays received
SJTRD-128-24
656611
9284346
213
15
All assays received
SJTRD-129-24
656606
9284296
219
15
All assays received
SJTRD-130-24
656558
9284298
234
15
All assays received
SJTRD-131-24
656510
9284301
229
15
All assays received
SJTRD-132-24
656463
9284291
219
15
All assays received
SJTRD-133-24
656406
9284297
223
15
All assays received
SJTRD-134-24
656359
9284294
224
15
All assays received
SJTRD-135-24
656311
9284297
215
15
All assays received
SJTRD-136-24
656257
9284301
265
15
All assays received
SJTRD-137-24
656214
9284291
216
15
All assays received
SJTRD-138-24
656659
9284298
249
15
All assays received
SJTRD-139-24
656754
9284300
220
15
All assays received
SJTRD-140-24
656802
9284300
208
15
All assays received
SJTRD-141-24
656835
9284295
194
15
All assays received
SJTRD-142-24
656848
9284349
217
12
All assays received
Notes:
1.
All holes are collared at a vertical hole angle.
Qualified Person
Paulo Pereira
, P. Geo., President of GoldMining, has supervised the preparation of, and verified and approved, the scientific and technical information herein this
news release. Mr. Pereira is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("
NI 43-101
").
Data Verification
For this drill core sampling program, samples were taken from the NQ/HQ core by sawing the drill core in half, with one-half sent to SGS Geosol Laboratórios
Ltda. ("
SGS
") in
Brazil
for assaying, and the other half of the core retained at the site for future reference. Sample lengths downhole were uniformly
1.0 m
. For
the auger drilling program, samples were collected at a
1 m
sample interval, with the material being dried, homogenized and split in the field to obtain a 1 kg
representative sample which was sent to SGS for analysis. The remaining auger sample material is stored until the lab results are received, and a 1 kg sample
duplicate is maintained in the archive.
SGS is a certified commercial laboratory located in Vespasiano, Minas Gerais,
Brazil
, and is independent of GoldMining. GoldMining has implemented a quality
assurance and quality control program for the sampling and analysis of drill core and auger samples, including duplicates, mineralized standards and blank
samples for each batch of 100 samples. The gold analyses were completed by FAA505 method (fire-assay with an atomic absorption finish on 50 grams of
material). Copper assays were completed by the GE_ICP40Q method (multi-acid digestion with an inductively coupled plasma optical emission spectroscopy
finish on 0.25 gram of material).
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 26.7 million shares of NevGold Corp. (TSXV: NAU). See
www.goldmining.com
for additional information.
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 projects. 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 similar 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 and
expectations 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, estimates 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 risks 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 São Jorge 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 reliance 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.
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For further 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]
CO: GoldMining Inc.
CNW 06:30e 09-SEP-24