Mike Fagan,
Editor
July 13, 2021
GoldMining Inc. (TSX: GOLD)(NYSE-American: GLDG) — currently trading around C$1.70 per share — has released updated Mineral Resource estimates for its Titiribi and La Mina projects, Colombia.
The company’s two 100%-owned gold-copper projects are situated just 17 km apart in Colombia’s mid-Cauca belt which is emerging as an attractive region for major mining companies as evidenced by recent investments by Newmont, Agnico, and Wheaton.
Highlights of the Mineral Resource estimates include:
Titiribi
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- Measured and Indicated Mineral Resources of 5.54 million ounces gold and 1,061.2 million pounds of copper (434.6 million tonnes grading 0.40 g/t gold and 0.11% copper)
- Inferred Mineral Resources of 3.15 million ounces gold and 212.6 million pounds of copper (241.9 million tonnes grading 0.40 g/t gold and 0.04% copper)
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- Indicated Mineral Resources of 0.66 million ounces gold, 1.60 million ounces of silver, and 150.5 million pounds of copper (28.2 million tonnes grading 0.73 g/t gold, 1.76 g/t silver, and 0.24% copper)
- Inferred Mineral Resources of 0.29 million ounces gold, 0.77 million ounces silver, and 81.2 million pounds of copper (13.6 million tonnes grading 0.65 g/t gold, 1.76 g/t silver, and 0.27% copper)
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"We are very pleased to announce these updated Mineral Resource estimates for Titiribi and La Mina, both of which have been estimated using contemporary metal prices and cost assumptions. With estimated gold equivalent resources of 7.88 million ounces in the Measured and Indicated category and 3.62 million ounces in the Inferred category, this estimate re-affirms Titiribi's standing as a significant gold-copper deposit in our portfolio. At the same time, the updated estimate for La Mina provides a clearer view of the potential of the high-grade gold-copper porphyry deposits at La Cantera and the Middle Zone as we execute our previously announced preliminary economic assessments and refine plans for work programs in the second half of this year..."
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With the newly-updated Mineral Resource estimates for both Titiribi and La Mina now in-hand, GoldMining’s global mineral resources stand at:
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- 16.24 million ounces gold equivalent (AuEq) in the Measured and Indicated categories
- 16.17 million ounces AuEq in the Inferred category.
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With a foundation of more than 32 million AuEq ounces (M&I plus Inferred) spread across the Americas, GoldMining is making solid progress on multiple fronts and should have quite a lot of news flow throughout the second half of the year and into 2022.
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GoldMining Inc. represents one of the most well-rounded gold-copper exploration firms in the junior space. Recent key milestones include:
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- Successful IPO launch of Gold Royalty Corp. (NYSE-American: GROY)
- Initiation of PEAs for La Mina, Yellowknife, and São Jorge gold projects
- Updated Mineral Resource estimates and plans for fully-funded drill programs at Titiribi and La Mina gold projects
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Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.