Goldmining Stock Price, News & Analysis

GoldMining Inc. (TSX: GOLD, NYSE: GLDG) has announced an updated Mineral Resource Estimate (MRE) for its 100% owned São Jorge Project in Brazil's Tapajós gold district. The project now contains an Indicated resource of 19.42 million tonnes at 1.00 g/t gold (624,000 ounces) and an Inferred resource of 5.56 Mt at 0.72 g/t gold (129,000 ounces).

Key developments include:

• Potential for a high-grade starter pit with 2.1 Mt at 1.89 g/t Au in Indicated resources
• Expansion of land package to 46,485 hectares
• Promising 2024 exploration results, including high-grade auger drill intercepts at 'William South' with up to 17.14 g/t Au
• Discovery of the highest-ever gold-in-soil anomaly of 5.96 g/t Au at 'William North'

The MRE is based on 43,573 meters of drill data and uses a US$1,950/oz gold price for pit shell calculations. The deposit remains open in all directions with significant exploration potential across a 12 km x 7 km footprint.

GoldMining Inc (TSX: GOLD) (NYSE: GLDG) has announced changes to its Board of Directors. Garnet Dawson and The Hon. Herb Dhaliwal have retired from the company's board after serving for more than ten years each. Dawson, who joined as CEO in 2014 until 2021 and became a board member in 2018, and Dhaliwal, who joined the board in 2013, will continue to contribute to the company as strategic advisors on GoldMining's advisory board.

GoldMining Inc (TSX: GOLD) (NYSE: GLDG) has renewed its at-the-market equity program (ATM Program), allowing the distribution of up to US$50 million worth of common shares. The shares will be sold at prevailing market prices through a syndicate of agents led by BMO Nesbitt Burns Inc. and BMO Capital Markets Corp.

The proceeds will fund exploration and development of mineral properties, complete minimum work programs, maintain property rights, fund future acquisitions, and provide working capital. The program will be effective until December 24, 2025, or until the aggregate gross sales reach US$50 million. This ATM Program replaces the previous one that expires on December 31, 2024.

GoldMining reports additional high-grade drilling results at its 100% owned São Jorge Project in Brazil. The 2024 auger drilling program identified several new gold-in-bedrock targets, with peak assays exceeding expectations. Highlight intercepts include 1 meter at 10.2 g/t Au from 14m depth, 5m at 2.78 g/t Au from 10m depth, and 3m at 1.05 g/t Au from 12m depth. Only 13% of the broad gold-in-soil anomalies across the project have been tested to date. The company plans further drilling in 2025 to delineate additional targets and potentially discover new gold resources. The São Jorge property, located in the Tapajós gold district, covers 45,997 hectares and has significant exploration potential. The project benefits from nearby infrastructure, including a paved highway and a new powerline corridor.

GoldMining's subsidiary, U.S. GoldMining, has updated its Mineral Resource Estimate (MRE) for the Whistler Gold-Copper Project in Alaska. Key highlights include:

• Indicated Mineral Resource: 294 million tonnes (Mt) at 0.68 grams per tonne (g/t) gold equivalent (AuEq) for 6.48 million ounces (Moz) AuEq.
• Inferred Mineral Resource: 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq.
• The indicated category has increased by 117% compared to the 2022 MRE.
• The updated Whistler MRE includes 2023 drilling data and excludes recent 2024 assays.
• U.S. GoldMining has concluded its 2024 drilling program, achieving 4,006 meters in 6 holes.

The Whistler MRE is constrained by conceptual pit design shells and includes three deposits: Whistler, Raintree, and Island Mountain, covering only 1% of U.S. GoldMining's land holdings. The company is exploring additional targets within the 'Whistler Orbit'.

GoldMining has announced promising results from their diamond and auger drilling programs at the São Jorge Project in Brazil's Tapajós gold district.

Key discoveries include:

• Diamond drilling: New gold and copper mineralization found 1 km from the main São Jorge deposit.
• Notable assay results: Drill hole SJD-123-24 yielded 10 m at 0.66 g/t gold, including 2 m at 1.65 g/t gold; SJD-124-24 returned 28 m at 275 ppm (0.0275%) copper.
• Auger drilling: Indicated new gold zones at the William South target, 2 km north of the deposit, with high-grade results such as 1 m at 17.14 g/t gold from 12 m depth.

These findings suggest potential for significant gold and copper mineralization in previously unexplored areas, supporting the hypothesis of an extensive high-strain corridor.

GoldMining announced positive assay results from its São Jorge Project in Brazil. The completed diamond core drilling program, spanning 1,077 meters, revealed significant findings from two holes: SJD-122-24, which showed 19 meters grading 1.24 g/t gold, including 7 meters at 2.98 g/t gold, and SJD-121-24, which showed 18 meters grading 0.70 g/t gold, including 8 meters at 1.14 g/t gold. The drilling aims to confirm and explore new mineralization zones, bolstering resource confidence and potentially leading to new gold discoveries. São Jorge, located in the Tapajós gold district, benefits from its proximity to infrastructure and historical gold production.

GoldMining has announced positive assay results from the first drill hole of its São Jorge Project in Brazil. The drilling program aims to confirm high-grade mineralization and improve resource estimates. Highlights include a 163m interval grading 1.02 g/t gold, with notable intersections of 37m at 2.26 g/t gold and 20m at 1.37 g/t gold. The project is strategically located in the Tapajós Gold District, near existing infrastructure. The results are expected to enhance the geological model and future resource estimations.

GoldMining has announced promising preliminary results from the geophysical survey reprocessing of its Rea uranium project in the Western Athabasca Basin. The Company, which owns 75% of the project, has identified over 70 km of prospective trends within three distinct corridors. The project encompasses approximately 125,328 hectares and surrounds Orano Canada's Dragon Lake prospect. Notable findings include anomalous uranium values and pathfinder elements in multiple drill holes across the Maybelle River, Net Lake, and Keane Lake corridors. CEO Alastair Still emphasized the cost-efficiency and strategic relevance of this work towards unlocking shareholder value. Future exploration will focus on refining targets for drilling.