GoldMining Drilling Intercepts Gold Mineralization at Depth, São Jorge Project Pará State, Brazil
GoldMining Drilling Intercepts Gold Mineralization at Depth, São Jorge
Project Pará State, Brazil
VANCOUVER, BC
,
Jan. 26, 2026
/CNW/ - GoldMining Inc. (the "
Company
" or "
GoldMining
") (TSX: GOLD) (NYSE American: GLDG) is pleased to
report additional assay results from the 2025 drilling program at its 100% owned São
Jorge Project ("
São
Jorge
" or the "
Project
") in the Tapajós gold
district ("
Tapajós
"), Pará State,
Brazil
. The results are from the previously announced diamond core drilling program consisting of 3,862
metres
(m)
drilling designed to test below and along trend of the existing São Jorge mineral resource estimate area (the "
Deposit
"), and to further support the initial
reverse circulation ("
RC
") drilling results that previously identified exploration discoveries at four new gold prospects, including at the William South,
William North
, Ivonette and Dragon West prospects within a two kilometre ("
km
") radius of the existing Deposit (see news release October
20, 2025;
January
6, 2026).
Highlights:
São Jorge Diamond Core Drilling Results:
19 m
at 1.00 grams per tonne (g/t) gold (Au) from
425 m
depth (SJD-136-25).
Within a broader zone of
73 m
at 0.54 g/t Au from
422 m
depth.
SJD-136-25 was drilled beneath the existing mineral resource estimate constraining pit shell and represents one of the deepest drill
intercepts at the project to date.
3 m
at 1.10 g/t Au
from
10 m
depth and
1 m
at 1.15 g/t Au from
45 m
depth (SJD-133-25) at São Jorge Deposit
'Northwest' Extension
prospect.
Processing of Induced Polarisation
("IP")
data collected in 2025 confirms a broad
chargeability high anomaly at William South
similar in scale to
the known IP signature of the São Jorge Deposit.
The IP anomaly extends more than 1km and is located approximately 2 km from the Deposit.
Drilling over the highest chargeability core of the IP anomaly is planned in 2026.
The Company has recently remobilized the geophysical survey team to continue expanding the IP survey to the east of the existing grid.
Exploration results received to date support the broader potential for future extensions of the presently delineated São Jorge deposit through
additional exploration work and delineation of potential new discoveries of gold mineralization across the 46,000 hectare 100% owned São Jorge
Project.
Alastair Still
, Chief Executive Officer of GoldMining, commented:
"GoldMining is pleased with the results of the 2025 diamond core drilling program
which has identified mineralization that may extend the known depth of the São Jorge gold deposit. We're encouraged by the potential for additional
systematic drilling to potentially extend the mineral resource deeper. Drilling also provided additional indications of a potential continuation of
mineralization along strike of the Deposit to the northwest. Furthermore, the 2025 IP survey expansion over targets that contain some of the largest,
highest tenor and most continuous gold-in-soil anomalies on the property, has discovered the William South IP Anomaly, a large, high tenor chargeability
feature with scale similar to the IP signature of the Deposit itself. The systematic approach by the technical team to building up multiple lines of evidence
points towards an exciting emerging target area at William South which has yet to be tested systematically by drilling. We look forward to announcing
2026 exploration plans in due course. The excellent infrastructure at the Project helps facilitate our exploration activities to potentially deliver significant
growth on a highly prospective regional-scale property in the rapidly emerging Tapajós gold district."
Project Overview
The São Jorge Gold Project is located in the Tapajós gold district (see
Figure
1
) in the south-central portion of the Amazon Craton. The São Jorge gold
deposit is a granite-hosted, intrusion-related gold mineral system which is a similar style to the Tocantinzinho gold mine located approximately 80 km
northwest of São Jorge. Exploration activities at the Project carried out by the Company over the past two years have successfully delineated several
new exploration targets comprising gold ± copper ± molybdenum ± silver soil geochemical anomalies, which cumulatively outline a large mineral system
(see news releases dated
March 18
and
April 14, 2025
). The São Jorge mineral system is defined by a comprehensive exploration data set which the
Company has developed over previous systematic exploration campaigns. Surrounding the currently delineated São Jorge deposit, which has a defined
1.4 km strike length, the broader mineral system comprises a zone of contiguous surface geochemical anomalies over an area of 12
km
x 7
km, which
the Company interprets to be the surface expression of a broad intrusion related gold system.
The 2025 São Jorge exploration program comprised a total of
9,533 m
of drilling, which exceeded the total planned meterage of
9,000 m
while remaining
on–budget, including 3,862
m diamond core, 3,528
m
RC and 2,143
m auger drilling.
Figure 1
Tapajós Gold District and location of the São Jorge Project. (CNW Group/GoldMining Inc.)
2025 São Jorge Diamond Core Drilling Program
The objective of the 2025 diamond core drilling program was to test several target areas within 1-2 kilometres of the Deposit, including immediate
wingspan extensions along strike and to depth, and an emerging target area at the William South Prospect, which is located 1.5
km north of the Deposit;
see
Figure
2
.
Figure 2
São Jorge Project drill results, as of January 26, 2026. (CNW Group/GoldMining Inc.)
Figure 3
São Jorge Deposit diamond core drill results, as of January 26, 2026. (CNW Group/GoldMining Inc.)
Deposit Wingspan Expansion Drilling
Five diamond core holes were drilled on 2 x 200 metre step-out drill sections along trend to the southeast of the São Jorge Deposit. Drilling targeted the
projected strike continuation of the Deposit and extended southwards across strike to test a broad deep IP chargeability anomaly. Drilling intersected
intercalated syenogranite and volcanics in contact with monzogranite intrusives, with rare thin quartz veins and broad zones of 0.5 – 2% pyrite
mineralization which is likely the source of the IP chargeability anomalism in bedrock. Assays indicated this zone of chargeability is weakly mineralized
with respect to gold, with a best intercept of
1 m
at 0.90g/t Au from
2m
depth in colluvial cover, and
1 m
at 0.24 g/t Au from
45 m
depth in bedrock.
Three diamond core holes were drilled along trend to the northwest of the Deposit, located approximately 1 kilometre from the western limit of the
currently delineated Deposit, to follow-up on 2024 core intercepts which returned
10 m
at 0.66 g/t Au from
93 m
depth (news release
September 9,
2025
). The 2025 diamond core drilling successfully intersected the monzogranite (host rock) - syenogranite contact, which is the focus of structural
deformation and mineralization at the Deposit. The drilling returned encouraging intercepts of
3 m
at 1.10 g/t Au from
10 m
depth and
1 m
at 1.15 g/t Au
from
45 m
depth (SJD-133-25). Additional drilling is warranted over the 1
kilometre of strike between the NW Extension and the Deposit, as well as
further northwest along strike.
Two deep diamond core drill holes were drilled below the Deposit, testing the potential down-dip extension of mineralization below the depth of the
current mineral resource estimate constraining pit shell (see
Figure
3
). Both holes were targeted to test pierce points on the plane of mineralization
projected down plunge of discontinuous high-grade shoots evident in long section view.
SJD-136-25 drilled below a high grade zone of mineralization at the western end of the proposed pit shell, intersecting
19 m
at 1.00 g/t Au from
425 m
depth, within a broader zone of
73 m
at 0.54
g/t
Au from
422 m
depth. Mineralization occurred within the expected down-dip projection of the mineralized
plane, comprising quartz veins and sulphide mineralization within sheared and fractured monzogranite.
SJD-138-25 returned a best intercept of
1 m
at 1.25 g/t Au from
175 m
depth, which was above the targeted pierce point and hosted in syenogranite;
whereas in the projected target zone deeper within the monzogranite host rock, drilling intersected quartz veining and sulphides with only low grade gold
values. Gold grade distribution within the Deposit is interpreted to be a function of the intersection of cross-structures with the main WNW-ESE striking
mineralized trend. Mineralization remains broadly open at depth below the currently delineated Deposit and therefore additional drilling is warranted to
test for potential additional extensions of the mineral resource.
William South Prospect
The emerging William South target area was initially identified by gold-in-soil geochemistry sampling which returned high tenor results over a broad 2 km
x 2 km area located approximately 2
kilometres north of the Deposit, with soil assays peaking at 2,163 ppb Au (2.163 g/t Au). Shallow auger drilling
completed in 2024 returned encouraging intercepts including
1 m
at 17.14g/t Au from
12 m
depth,
1 m
at 10.2 g/t Au from
14 m
depth,
5 m
at 2.78 g/t Au
from
10 m
depth and
3 m
at 1.05 g/t Au from
12 m
depth (news release
November 11, 2024
). The gold-in-auger intercepts were initially interpreted to be
at the top of the saprolitic (weathered bedrock) horizon, but they could represent a colluvial layer at the base of the transported overburden as it is
difficult to distinguish transported clay from
in situ
weathered bedrock clay within the saprolitic weathering profile that is typical in the district.
Diamond core drilling intersected monzogranite with rare thin quartz veins and minor sulphide mineralization, returning a best result of
1 m
at 0.75 g/t Au
from
87 m
(SJD-130-25). The drilling was completed prior to completion of the 2025 IP survey which extended the geophysical data set northward from
the Deposit over the William South and North prospect areas. IP image processing is now completed which has revealed that the 2025 diamond core
drilling at William South tested an area of moderate-high but discontinuous IP chargeability, which is located on the southern flank of a larger, higher tenor
and more continuous IP chargeability anomaly – the 'William South IP Anomaly' (see Figure 2) - which is similar in scale to the chargeability signature
associated with the Deposit. Recently released RC drill results (
January 6, 2026
) for 2025 drilling also located on the southern flank of the main IP
chargeability anomaly returned encouraging drill intercepts including
12 m
at 2.38 g/t Au from
13 m
depth,
4 m
at 1.11 g/t Au from
46 m
depth and
1 m
at
1.23
g/t
Au from
16 m
depth. The core of the main William South IP anomaly has not yet been drill tested and remains a high priority for 2026 exploration
programs.
Table 1 São Jorge
2025 DDH
results at William South prospect (as of
January 26
, 2026).
Prospect Name
Drill Hole
Number
Interval
From (m)
Interval
To (m)
Sample
Length (m)
Au Grade
(g/t)
Ag Grade
(g/t)
Cu Grade
(ppm)
SE Extension
SJD-125-25
28
29
1
0.14
0.11
81
178
179
1
0.16
0.09
45
244
247
3
0.10
0.22
130
272
273
1
0.10
0.48
269
William South
SJD-126-25
2
9
7
0.20
1.22
30
including
8
9
1
0.83
2.58
30
13
14
1
0.37
5.20
49
54
55
1
0.10
0.03
32
SJD-126B-25
8
9
1
0.17
0.83
18
William South
20
21
1
0.20
0.63
18
73
77
4
0.14
0.04
3
including
76
77
1
0.41
0.06
5
85
86
1
0.20
0.07
25
SE Extension
SJD-127-25
NSR
William South
SJD-128-25
134
138
4
0.10
0.04
8
including
134
135
1
0.25
0.06
10
146
151
5
0.11
0.05
6
including
146
147
1
0.32
0.07
5
194
195
1
0.11
0.16
34
196
197
1
0.10
0.02
3
200
201
1
0.11
0.04
5
SE Extension
SJD-129-25
2
3
1
0.90
0.85
11
7
8
1
0.15
3.64
66
45
46
1
0.24
0.13
99
William South
SJD-130-25
49
50
1
0.34
0.04
2
62
65
3
0.18
0.08
142
including
62
63
1
0.39
0.20
294
87
88
1
0.75
0.35
11
163
164
1
0.24
0.39
733
169
171
2
0.11
0.19
226
William South
SJD-131-25
189
190
1
0.11
0.04
10
SE Extension
SJD-132-25
NSR
NW Extension
SJD-133-25
0
1
1
0.22
0.25
36
3
4
1
0.11
0.06
33
10
13
3
1.10
0.11
34
including
10
11
1
2.20
0.14
29
35
36
1
0.63
0.22
26
45
46
1
1.15
0.18
26
54
55
1
0.83
0.17
14
101
102
1
0.15
1.43
289
SE Extension
SJD-134-25
13
14
1
0.16
2.56
30
NW Extension
SJD-135-25
NSR
Deposit Deeps
SJD-136-25
53
54
1
0.21
---
76
74
75
1
0.28
---
530
164
165
1
0.14
0.17
10
167
168
1
0.22
0.25
4
173
174
1
0.11
0.07
53
246
255
9
0.12
0.07
66
including
253
254
1
0.52
0.15
56
271
273
2
0.17
0.15
24
292
295
3
0.36
0.60
196
306
307
1
0.13
0.29
682
323
324
1
0.15
9.63
3,466
328
329
1
0.12
0.29
292
342
343
1
0.14
0.15
15
344
345
1
0.12
0.29
6
346
347
1
0.14
0.15
7
377
379
2
0.45
0.16
139
including
377
378
1
0.81
0.22
83
390
412
22
0.36
0.21
36
including
394
397
3
0.99
0.24
2
422
495
73
0.54
0.18
57
including
425
444
19
1.00
0.22
1
including
435
436
1
4.11
0.29
1
and
454
455
1
2.26
0.13
1
and
481
482
1
4.96
0.35
9
and
492
493
1
0.22
0.57
2,330
NW Extension
SJD-137-25
203
204
1
0.44
0.17
11
248
249
1
0.13
0.10
30
Deposit Deeps
SJD-138-25
4
6
2
0.12
5.23
52
74
75
1
0.12
0.08
2
87
91
4
0.36
0.09
28
including
88
89
1
0.97
0.17
32
103
107
4
0.80
0.35
222
120
121
1
0.15
0.06
14
132
137
5
0.17
0.17
179
including
136
137
1
0.51
0.42
666
150
151
1
0.64
0.45
31
158
163
5
0.14
0.51
637
172
176
4
0.41
0.34
15
including
175
176
1
1.25
0.51
13
240
241
1
0.16
0.07
27
251
252
1
0.38
0.25
240
264
265
1
0.13
0.28
5
268
269
1
0.27
0.20
6
278
282
4
0.16
0.23
2
304
305
1
0.10
0.26
103
306
307
1
0.12
0.23
305
390
392
2
0.23
0.30
4
411
412
1
0.18
0.12
7
420
422
2
0.19
0.12
14
437
443
6
0.19
0.15
9
including
439
440
1
0.43
0.06
2
Notes: NSR: 'No Significant Result'. True width of mineralization is estimated to be approximately two-thirds of downhole length, assuming primarily steeply dipping vein-hosted mineralization intersected by inclined (-60° dip) drill holes. Assays >1 g/t Au in bold; drill holes
highlighted in this release are shaded.
Table 2 São Jorge 2025 DDH drill hole collar location coordinates (as of
January 26, 2026
).
Hole Number
Easting
Metres
(UTM Zone
21S)
Northing
Metres
(UTM Zone
21S)
Elevation
(m above
sea level)
Dip
(°)
Azimuth
(°)
Depth (m)
Status
SJD-125-25
658134
9282526
211.43
60
180
399.63
Reached Target Depth
SJD-126-25
656604
9284453
213.87
50
360
65.93
Hole failed - Collapsing
SJD-126B-25
656605
9284456
213.85
50
360
167.67
Reached Target Depth
SJD-127-25
658161
9282596
216.74
60
180
220.66
Reached Target Depth
SJD-128-25
656601
9284550
211.60
50
360
201.23
Reached Target Depth
SJD-129-25
658116
9282427
210.84
60
180
364.49
Reached Target Depth
SJD-130-25
656584
9284596
210.50
50
010
201.05
Reached Target Depth
SJD-131-25
656793
9284403
213.45
50
360
200.22
Reached Target Depth
SJD-132-25
658352
9282153
226.46
60
360
204.29
Reached Target Depth
SJD-133-25
655904
9283712
216.72
50
360
200.13
Reached Target Depth
SJD-134-25
658345
9282247
221.63
60
360
201.69
Reached Target Depth
SJD-135-25
656053
9283657
222.89
50
360
200.57
Reached Target Depth
SJD-136-25
657128
9282624
255.31
60
360
511.79
Reached Target Depth
SJD-137-25
655911
9283578
227.63
50
360
270.29
Reached Target Depth
SJD-138-25
657365
9282632
226.90
70
360
449.81
Reached Target Depth
Data Verification
For drill core sampling, 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
1 m
sample intervals, 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. For the RC drilling program, samples were collected at
1 m
sample intervals, generating approximately
25 kg samples, 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 RC sample material is stored until the lab results are received, and approximately 20 kg of the original samples are 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 are completed by FAA505 method (fire-assay with an atomic absorption finish on
50 grams of material).
Qualified Person
Paulo Pereira
, P. Geo., Country Manager,
Brazil
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
").
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
.
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 19.1 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 respecting the Company's expectations regarding the Project, ongoing exploration programs and other expected future
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 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 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, President and CEO; Telephone: (855) 630-1001, Email: [email protected]
CO: GoldMining Inc.
CNW 06:30e 26-JAN-26