GoldMining Files Technical Report for its Almaden Gold Project, Idaho, USA
GoldMining Files Technical Report for its Almaden Gold
Project, Idaho, USA
VANCOUVER, BC
,
July 15, 2020
/CNW/ -
GoldMining Inc. (the "
Company
" or "
GoldMining
")
(TSX: GOLD) (OTCQX: GLDLF) is
pleased to announce that further to its press release dated
June 3, 2020
, the Company has filed a National Instrument 43-101 (NI
43-101) technical report (the "Technical Report") for its Almaden Gold Project (the "Project" or "Almaden") located in
Idaho, USA
.
The Technical Report, dated effective
April 1, 2020
, is titled "Technical Report: Almaden Gold Property,
Washington County,
Idaho
, USA". The Technical Report was authored by
Greg Z. Mosher
, M.Sc., P.Geo., of Global Mineral Resource Services, who
is a qualified person within the meaning of NI 43-101, is independent of the Company and has reviewed and approved the
disclosure regarding the resource estimate for Almaden disclosed herein.
The Almaden Project covers approximately 1,724 Ha and is located 140 km by road north of
Boise
and 24 km east of
Weiser
in
Washington County
, Idaho. Almaden is host to low-sulphidation epithermal mineralization that was the subject of an updated
mineral resource estimate using a cut-off grade of 0.3 g/t gold for pit constrained resources as documented in the Technical
Report (Table 1).
Table 1: Mineral resource statement
1
using a 0.3 g/t gold cut-off for the Almaden Gold Project,
Idaho
.
Classification
Tonnes
Gold Grade
Gold Ounces
g/t
oz
Indicated
43,470,000
0.65
910,000
Inferred
9,150,000
0.56
160,000
Table 1 Notes:
1.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves
.
The estimate of mineral
resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.
2.
All quantities are rounded to the appropriate number of significant figures; consequently, sums may not add up due to rounding.
3.
Pit constrained resources with reasonable prospects of eventual economic extraction stated above a 0.30 g/t Au cut-off.
4.
Pit optimization is based on an assumed gold price of US$1,500/oz, mining cost of US$2.25/t, processing cost of US$10.00/t and pit slope of 45°.
Readers should refer to the Technical Report, a copy of which is available under the Company's profile at
www.SEDAR.com
, for
further information regarding the resource estimate contained herein and the Project.
Qualified Persons
Paulo Pereira
, President of GoldMining Inc. has reviewed and approved the technical information contained in this news release.
Mr. Pereira holds a Bachelors degree in Geology from Universidade do Amazonas in
Brazil
, is a Qualified Person as defined in NI
43-101 and is a member of the Association of Professional Geoscientists of
Ontario
.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the
Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and
gold-copper projects and royalties in
Canada
,
U.S.A.
,
Brazil
,
Colombia
and Peru. Additionally, GoldMining owns a 75% interest in
the Rea Uranium Project, located in the
Western Athabasca
Basin of
Alberta, Canada
.
Forward-looking Statements
This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with
respect to its business and future events, including statements with respect to the details of the mineral resource estimate.
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. Investors are cautioned that all forward-looking statements involve
risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, the
uncertainties involved in interpreting drill results and other exploration data, the geology, grade and continuity of mineral
deposits, the possibility that future exploration, development or mining results will not be consistent with GoldMiningꞌs
expectations, title and permitting matters, fluctuating metal prices 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 Annual Information Form
for the year ended
November 30, 2019
and other filings with Canadian securities regulators, could cause actual results and
events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and
information. There can be no assurance that forward-looking information, or the material factors or assumptions used to
develop such forward looking information, will prove to be accurate. GoldMining does not undertake any obligations to release
publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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SOURCE
GoldMining Inc.
View original content:
http://www.newswire.ca/en/releases/archive/July2020/15/c7938.html
%SEDAR: 00031036E
For further information:
GoldMining Inc., Amir Adnani, Chairman; Garnet Dawson, CEO, Telephone: (855) 630-1001, Email:
CO: GoldMining Inc.
CNW 08:30e 15-JUL-20