Categories: Precious Metals
Topics: General Precious Metals

GoldMining Inc. Releases Infill Assays from São Jorge Gold Project, Brazil

GoldMining Inc. (TSX: GOLD)(NYSE-American: GLDG) — currently trading around C$1.80 per share — has released additional infill assay results from a core sampling program at its 100%-owned São Jorge gold project in Pará State, Brazil.

The sampling program — which focused on previously unsampled core intervals from historical drilling at São Jorge — returned highlight intervals up to 1.06 grams per tonne (g/t) gold over 7.6 meters in saprolite.

GoldMining Inc. CEO, Alastair Still, commented via press release:

“This new information further demonstrates the potential of the São Jorge deposit which is located on an extensive 45,997 hectare land package easily accessible by state highway. These latest assay results from our infill sampling program confirm the presence of mineralized intervals of saprolite that were not only previously unsampled but importantly are located at surface and outside of any known mineralization or resource models. We are encouraged by the new information and will be reviewing opportunities to generate additional targets and expand the already exceptional potential of this large property.” 

GoldMining initiated a PEA on the São Jorge project — which boasts a current Indicated resource of 0.71 million gold ounces at 1.55 g/t plus 0.72 million gold ounces Inferred at 1.27 g/t — in June of this year.

The aim of the forthcoming PEA is to further evaluate the economic potential of an open-pit operation and to advance opportunities to upgrade and expand the current resource base.

These latest infill sampling results should prove valuable in the identification of new targets at São Jorge; additional results from the sampling program are available here.

In addition to São Jorge, GoldMining has initiated PEAs on its Yellowknife gold project in Northwest Territories, Canada, and its La Mina gold-silver-copper project in Antioquia, Colombia.

For speculators, GoldMining boasts a large portfolio of gold exploration properties spread across the Americas with a combined resource of 32.4 million gold-equivalent ounces across all categories.

GoldMining also benefits from future upside as the largest shareholder of Gold Royalty Corp. (NYSE-American: GROY), which it spun out via a highly successful US$90M IPO in Q1 of this year.

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Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

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