GoldMining Commences 2026 Exploration Program at its São Jorge Project, Brazil

Rhea-AI Summary

GoldMining (NYSE: GLDG) has started a fully funded, exploration-focused drill program at its 100%‑owned São Jorge project in Tapajós, Pará, Brazil.

The two‑rig, 8,000‑metre program will follow up 2025 targets near the existing São Jorge mineral resource, test new bedrock zones including William South (within 2 km) and expand geophysics with a 49 line‑km IP survey.

Positive

• Two‑rig, 8,000‑metre drilling program fully funded and underway
• Near‑deposit intercepts: 12 m at 2.38 g/t Au, incl. 1 m at 22 g/t Au (SJRC‑048‑25)
• Large IP anomaly and expanded 49 line‑km geophysical coverage east of the Deposit
• Broad geochemical footprint of elevated anomalies across a 12 km by 7 km area on the 46,485‑hectare property

Negative

• Current program is exploratory; no new mineral resource estimate or updated resource conversion announced
• Drilling results from the ongoing 8,000‑metre program have not yet been released

News Market Reaction – GLDG

-0.90%

1 alert

-0.90% News Effect

-$2M Valuation Impact

$237.27M Market Cap

1.30K Volume

On the day this news was published, GLDG declined 0.90%, reflecting a mild negative market reaction. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $237.27M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Drill program size: 8,000 metres High-grade intercept: 12 m at 2.38 g/t Au from 13 m Very high-grade interval: 1 m at 22 g/t Au +5 more

8 metrics

Drill program size 8,000 metres 2026 exploration-focused drill program at São Jorge

High-grade intercept 12 m at 2.38 g/t Au from 13 m William South target initial drill results

Very high-grade interval 1 m at 22 g/t Au Included within 12 m intercept at William South

Additional intercept 4 m at 1.11 g/t Au from 46 m William South initial drill results

Shallow intercept 1 m at 1.23 g/t Au from 16 m William South initial drill results

IP survey extent 49 line-kilometres Ongoing induced polarity survey east of the Deposit

Anomalous footprint 12 km by 7 km Footprint of elevated surface geochemical anomalies

Property size 46,485 hectares São Jorge project land package

Market Reality Check

Price: $1.1000 Vol: Volume 1,226,878 is below...

low vol

$1.1000 Last Close

Volume Volume 1,226,878 is below the 20-day average of 2,448,538 (about 0.5x typical activity). low

Technical Price at 1.11 is trading below the 200-day MA of 1.24 and about 51.1% under the 52-week high.

Peers on Argus

GLDG was up 0.91% with mixed peer action: HYMC +7.62%, USAU +2.83%, GORO +4.5% v...

1 Up 1 Down

GLDG was up 0.91% with mixed peer action: HYMC +7.62%, USAU +2.83%, GORO +4.5% versus VGZ -2.7% and CTGO slightly down, and only one momentum peer (THM +7.24%) moving in the same direction.

Historical Context

5 past events · Latest: Mar 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 05	Management appointment	Positive	-3.7%	Named a new VP, Project Development with extensive mining experience.
Mar 02	Subsidiary PEA update	Positive	+0.6%	Highlighted positive initial PEA at majority-owned Whistler project.
Feb 27	Annual filings	Neutral	+0.6%	Filed annual financial statements, MD&A, AIF and Form 40‑F.
Feb 17	Resource update	Positive	-2.7%	Updated Crucero NI 43‑101 resource including antimony contribution.
Jan 26	Drilling results	Positive	+12.6%	Reported new São Jorge drilling intercepts and William South IP anomaly.

Pattern Detected

Positive technical/drilling updates have sometimes drawn strong interest (e.g., São Jorge drilling in January), while other constructive or corporate items have seen muted or even negative next-day moves.

Recent Company History

Over the past few months, GoldMining has reported a series of portfolio-building milestones. On Jan 26, 2026, São Jorge drilling results with deeper mineralization and the William South IP anomaly coincided with a 12.63% rise. A new Crucero resource including antimony on Feb 17 saw a -2.67% move, and senior hires on Jan 22 and Mar 5 coincided with softer or negative trading. Today’s São Jorge exploration program continues that focus on advancing key Brazilian assets.

Market Pulse Summary

This announcement outlines a fully funded, two‑rig 8,000‑metre drill campaign at São Jorge, targetin...

Analysis

This announcement outlines a fully funded, two‑rig 8,000‑metre drill campaign at São Jorge, targeting high-priority geochemical, geophysical and IP anomalies near the existing deposit. Recent history shows that substantive technical updates, like the January 26 drilling results, have occasionally coincided with strong moves, while other corporate updates had mixed impact. Investors may watch future assays from William South, the larger 12 km by 7 km anomaly footprint, and ongoing regulatory filings for confirmation of project potential.

Key Terms

ip, g/t, au, ni 43-101, +1 more

5 terms

ip technical

"ongoing IP survey covering 49 line-kilometres to the east of the Deposit"

Intellectual property (IP) is the set of legal rights that protect a company’s ideas, inventions, brand names and secret methods—think of it as the recipes, blueprints and logos a business owns. For investors, IP matters because these rights can create exclusive advantages, produce licensing income, and increase a company’s value by preventing competitors from copying key products or brands. Strong, enforceable IP often signals a more defensible and potentially profitable business.

g/t technical

"12 m ("m") at 2.38 grams per tonne ("g/t") gold ("Au") from 13 m depth"

g/t stands for grams per tonne, a measure of how many grams of a metal—most often gold or other precious metals—are contained in one metric tonne of rock or ore. Investors use it to judge how “rich” a mineral deposit is: higher g/t means more metal per amount of material to process, which can make mining cheaper and projects more likely to be profitable—like measuring teaspoons of sugar per cake to gauge sweetness value.

au technical

"12 m ("m") at 2.38 grams per tonne ("g/t") gold ("Au") from 13 m depth"

Au is the chemical symbol and common shorthand for gold, the precious metal used as a store of value, industrial input, and backing for some investments. Investors watch Au because changes in its price often signal shifts in inflation expectations, currency strength, or economic uncertainty—think of it as a financial safe-haven like an emergency fund that many turn to when other assets look risky.

ni 43-101 regulatory

"a qualified person as defined in National Instrument 43-101 – Standards of Disclosure"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

qualified person regulatory

"Mr. Smith is also a qualified person as defined in National Instrument 43-101"

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

AI-generated analysis. Not financial advice.

VANCOUVER, BC, March 30, 2026 /PRNewswire/ - GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (the "Company" or "GoldMining") is pleased to announce that it has commenced an exploration-focused drill program on the Company's 100%-owned São Jorge Project ("São Jorge" or the "Project") in the Tapajós gold district, Pará State, Brazil.

Highlights:

• Systematic drilling to follow up on high-priority targets generated through 2025 exploration in close proximity to the existing São Jorge mineral resource (the "Deposit")
• Two-rig, 8,000-metre drilling program currently underway, fully funded and actively turning on site
• Testing new zones of potential bedrock mineralization at high priority geochemical and geophysical targets
• Targets include William South, located within 2 km of the Deposit with initial drill results (as reported on January 6, 2026) highlighted by:
  • 12 m ("m") at 2.38 grams per tonne ("g/t") gold ("Au") from 13 m depth, including 1 m at 22 g/t Au (SJRC-048-25)
  • 4 m at 1.11 g/t Au from 46 m depth (SJRC-049-25)
  • 1 m at 1.23 g/t Au from 16 m depth (SJRC-047-25)
  • Large untested Induced Polarity ("IP") chargeability anomaly
• Significant expansion of existing geophysical coverage with an ongoing IP survey covering 49 line-kilometres to the east of the Deposit
• Emerging and expanding mineral system defined by a 12 km by 7 km footprint of elevated surface geochemical anomalies surrounding the Deposit, highlighting the broader exploration potential of the Project

Alastair Still, President and Chief Executive Officer of GoldMining, commented: "This drill program marks a pivotal step in our 2026 exploration strategy at São Jorge. We are exploring in the prolific Tapajós gold district with an estimated 30 million ounces of historical surficial gold production, and our recent targeting work has outlined some of the most robust and continuous gold anomalies we've seen on our 46,485-hectare property. We already have excellent infrastructure in place, including grid power, highway access, and a fully operational 50-person camp, so more of our dollars can go directly towards potentially expanding our mineral resource estimate."

Qualified Person

Tim Smith, Vice President Exploration of GoldMining, has supervised the preparation of, and verified and approved all scientific and technical information herein this news release. Mr. Smith is also a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

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.

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 its proposed exploration program and statements respecting the Company's strategy and business plans. 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, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, 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, 2025, 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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SOURCE GoldMining Inc.

FAQ

What is the scope of GoldMining's 2026 São Jorge drill program (GLDG)?

The program is a two‑rig, 8,000‑metre exploration drill campaign targeting high‑priority zones near the Deposit. According to the company, it is fully funded and currently active on site to test new bedrock and follow up 2025 targets.

Which notable drill results at São Jorge does GLDG reference in 2026?

Highlighted nearby results include 12 m at 2.38 g/t Au, including 1 m at 22 g/t Au from SJRC‑048‑25. According to the company, these intercepts support follow‑up drilling at William South within 2 km of the Deposit.

What geophysical work is GoldMining conducting at São Jorge in 2026?

An induced polarity survey is expanding coverage with a 49 line‑kilometre program east of the Deposit. According to the company, the IP survey aims to test large chargeability anomalies identified in prior work.

How large is the exploration footprint at São Jorge referenced by GLDG?

The company describes an emerging mineral system spanning about 12 km by 7 km of elevated surface geochemical anomalies across its 46,485‑hectare property. According to the company, this highlights broader exploration potential.

Will the 2026 drilling at São Jorge immediately change GLDG's mineral resource estimate?

No immediate update has been announced; the 2026 drilling is exploration‑focused and aimed at testing targets. According to the company, the program is intended to generate data that could support future resource work if warranted.

What infrastructure supports GoldMining's 2026 São Jorge program (GLDG)?

São Jorge benefits from existing grid power, highway access, and a fully operational 50‑person camp, allowing more program spending to focus on drilling. According to the company, this infrastructure improves operational efficiency onsite.