EX-99.1 2 ex_745588.htm EXHIBIT 99.1 ex_745588.htm

Exhibit 99.1

 

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GoldMining Reports Additional High-Grade Drilling Results

and Identifies Multiple Drill Targets, São Jorge Project, Brazil:

Results Support the Regional-Scale Exploration Potential

of the 460km2 Land Package

 

 

Vancouver, British Columbia – November 11, 2024 – GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD; NYSE American: GLDG) is pleased to report additional assay results from the 2024 auger drilling program at its 100% owned São Jorge Project ("São Jorge" or the "Project") in the Tapajós gold district ("Tapajós"), Pará State, Brazil.

 

Highlights:

 

 

●

The auger drilling program successfully identified several new gold-in-bedrock targets, directly underlying large high-tenor surface soil anomalies at São Jorge.

 

 

●

Peak assays exceeded expectations for this style of drilling, returning several +1 gram per tonne gold ("g/t Au") intercepts in shallow weathered bedrock, including highlight intercepts:

 

 

o

1 metre ("m") at 10.2 g/t Au from 14 m depth;

 

 

o

5 m at 2.78 g/t Au from 10 m depth; and

 

 

o

3 m at 1.05 g/t Au from 12 m depth.

 

 

●

At least three of the high-tenor contiguous gold-in-bedrock targets warrant additional follow-up drilling at the William South zone, part of an emerging multi-kilometre trend defined by soil and auger drill anomalies located approximately 2 km north of the São Jorge deposit (the “Deposit”). All targets remain open with potential for further expansion along strike.

 

 

●

Only 13% of the broad gold-in-soil anomalies across the Project have been tested to date with top of bedrock auger drilling. The Company currently plans to continue with systematic auger drilling in 2025 with the objective of delineating additional gold-in-bedrock targets and to conduct follow-up deeper drilling with the objective to potentially discover additional gold resources at São Jorge.

 

Tim Smith, Vice President of Exploration of GoldMining, commented: “To complement the previously reported encouraging gold intercepts from the 2024 São Jorge step-out core drilling program, the auger drilling program has yielded several new zones of shallow gold-in-bedrock mineralization. Mounting evidence appears to point to additional corridors of gold mineralization at the Project, which were initially identified by systematic grid pattern gold-in-soil sampling and which now have been confirmed through auger drilling to have a proximal bedrock source. The high-grade gold values intersected by auger drilling have exceeded our expectations and underpin the exploration potential and quality of the broader São Jorge mineral system. Several high priority targets have been identified for follow-up deeper drilling with the objective to further expand gold mineralization at the Project.”

 

 
 
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Figure 1 – Tapajós Gold District and location of the São Jorge Project.

 

São Jorge Drill Program Overview

 

The Company commenced a systematic program of auger and diamond core drilling at São Jorge in May 2024 (see news release dated May 29, 2024). The objectives of the program included confirmatory drilling within and near the margins of the existing Deposit, as well as exploratory drilling of identified gold targets in areas with no previous drilling, located within 1-2 km of known mineralization.

 

The auger drilling program focused in an area located approximately 2 km north of the Deposit to follow up on the large, multi-kilometre high tenor ‘William South’ gold-in-soil anomaly. All assays have now been received and the results demonstrate very encouraging indications of primary gold mineralization in bedrock, which highlights that the large, regional-scale São Jorge property has the potential to host additional corridors of mineralization. Follow-up RC and/or diamond core drilling is required to test for deeper bedrock mineralization with the objective to potentially discover and define additional zones of gold mineralization at São Jorge.

 

São Jorge comprises an extensive land area of some 45,997 hectares that lies within the active and rapidly developing Tapajós gold district (see Figure 1), which is estimated to have produced over 20 million ounces of gold historically from artisanal mining of surface deposits, according to the Brazil National Mining Agency. The Tapajós is home to Serabi Gold Plc.’s producing high-grade underground Palito Mine and G Mining Ventures Corp.’s ("G Mining") Tocantinzinho Gold Mine, which recently declared commercial production (see G Mining news release September 3, 2024).

 

 
 
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São Jorge has the advantage of being located near paved Hwy BR-163 and a new 138 kV powerline corridor, which ties into the district electrical grid recently constructed for the Tocantinzinho Gold Mine. Exploration activities at São Jorge are operated from a permanent camp near the existing deposit which is just 3 km from the highway.

 

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Figure 2 – São Jorge Project drilling locations.

 

 
 
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Auger Drilling Program

 

The 2024 power auger drilling program comprised 3,098 meters for approximately 206 holes, which was completed in September 2024. The program primarily targeted the high priority ‘William South’ area located approximately 2 km north of the Deposit. William South comprises a broad high-tenor zone of anomalous gold-in-soil (see Figures 2 and 3), measuring approximately 2 km x 2 km with soil assays peaking at 2,163 parts per billion (“ppb”) Au (2.163 g/t Au).

 

The auger drilling utilized a powered 20 centimetre diameter rotary drill head capable of penetrating to 15-20 m depth, with vertical drill holes completed on an approximately 25-50 m x 50 m grid pattern. A geologist or technician supervised the drilling to log the drill cuttings and distinguish transported overburden from in situ weathered bedrock. Sampling is conducted on 1 m intervals with assaying to 5 ppb Au detection. The drill method is open-hole, therefore contamination and/or dilution of precious metal grades by material from higher in the hole is possible. The advantages of the auger program include the low detection limit assay results, coupled with the interpretation of the geological profile to provide a quick, inexpensive and effective direct mapping for the presence of gold mineralization in the uppermost portion of the residual weathered bedrock profile. This information can be used to guide follow-up exploration drilling using larger equipment such as RC or diamond core drilling. The auger drilling assay results are illustrated in Figure 2 and Figure 3, and details are provided in Tables 1 & 2.

 

Background gold values in both residual weathered bedrock and overlying transported soils is expected to range from nil to 1-2 ppb Au. Thus, values of greater than 10-25 ppb Au are considered to be ‘elevated’, and values greater than 100 ppb Au are interpreted to be ‘highly anomalous’. The auger program at William South has to date returned several +1 g/t Au intercepts, including a best intercept of 17.14 g/t Au over 1 m from 12 meters depth (SJTRD-082-24).

 

Analysis of the auger program assay results indicates that approximately 17% of all holes returned highly anomalous assay results (greater than 100 ppb Au), confirming the presence of gold mineralization in weathered bedrock in several areas. Furthermore, the grid drilling program has identified several areas with clusters of anomalous results interpreted to indicate semi-contiguous zones of mineralization over 100’s metres and remaining open along strike.

 

Indications of multiple contiguous high tenor primary gold mineralization occurrences in bedrock is compelling for the potential discovery of new gold resources at William South and warrants deeper follow-up drilling which is planned for 2025. Positive confirmation of underlying mineralization in close proximity to surficial gold-in-soil anomalies is further encouraging for more widespread application of auger drilling – a cheap and rapid sub-surface geochemical test – across other gold-in-soil anomalies located throughout the Project. Several additional target areas are planned for systematic auger drill testing in 2025.

 

 
 
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Figure 3 – William South gold prospect.

 

For additional information regarding the São Jorge Project, including existing resource estimates and historical work at the Project, please refer to the technical report titled “São Jorge Gold Project, Pará State, Brazil: Independent Technical Report on Mineral Resources”, prepared for the Company and dated effective May 31, 2021, which is available under the Company’s profile at www.sedarplus.ca.

 

Table 1         São Jorge bedrock assay intercepts from the 2024 auger drilling program (as of November 11, 2024).

 

Hole Number

  

Interval From (m)

    

Interval

To (m)

    

Sample

Length1

(m)

    

Au Grade

(g/t)

  

SJTRD-047-24 to SJTRD-053-24

  

No Significant Result

  

SJTRD-054-24

     9.00       10.00       1.00       0.22  

SJTRD-055-24

     10.00       11.00       1.00       0.96  

SJTRD-056-24 to SJTRD-076-24

  

No Significant Result

                  

SJTRD-077-24

     7.00       9.00       1.00       3.05  

SJTRD-078-24

  

No Significant Result

  

SJTRD-079-24

     4.00       5.00       1.00       0.12  

SJTRD-080-24

     5.00       6.00       1.00       0.18  

SJTRD-081-24

     4.00       5.00       1.00       0.32  

SJTRD-082-24

     8.00       9.00       1.00       2.03  

And

     12.00       13.00       1.00       17.14  

SJTRD-083-24

  

No Significant Result

  

SJTRD-084-24

     17.00       18.00       1.00       0.92  

SJTRD-085-24

  

No Significant Result

  

SJTRD-086-24

     5.00       7.00       2.00       4.41  

Including

     6.00       7.00       1.00       8.01  

 

 
 
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Hole Number   Interval From (m)    

Interval

To (m)

    

Sample

Length1

(m)

    

Au Grade

(g/t)

  
SJTRD-087-24 to SJTRD-089-24   No Significant Result  

SJTRD-090-24

     9.00       10.00       1.00       0.83  

SJTRD-091-24

     9.00       11.00       2.00       1.47  

SJTRD-092-24 to SJTRD-095-24

  

No Significant Result

  

SJTRD-096-24

     6.00       7.00       1.00       0.28  

SJTRD-097-24

  

No Significant Result

  

SJTRD-098-24

     6.00       8.00       2.00       0.38  

SJTRD-099-24 to SJTRD-107-24

  

No Significant Result

  

SJTRD-108-24

     10.00       11.00       1.00       0.10  

SJTRD-109-24

     9.00       10.00       1.00       0.11  

SJTRD-110-24

     7.00       8.00       1.00       0.21  

SJTRD-111-24

  

No Significant Result

  

SJTRD-112-24

     5.00       6.00       1.00       0.19  

SJTRD-113-24

     10.00       11.00       1.00       0.17  

SJTRD-114-24 to SJTRD-120-24

  

No Significant Result

  

SJTRD-121-24

     8.00       9.00       1.00       0.11  

SJTRD-122-24 to SJTRD-123-24

  

No Significant Result

  

SJTRD-124-24

     9.00       11.00       2.00       2.06  

Including

     10.00       11.00       1.00       3.78  

SJTRD-125-24 to SJTRD-127-24

  

No Significant Result

  

SJTRD-128-24

     13.00       14.00       1.00       0.78  

SJTRD-129-24 to SJTRD-146-24

  

No Significant Result

  

SJTRD-147-24

     14.00       15.00       1.00       10.20  

SJTRD-148-24

     6.00       7.00       1.00       0.13  

SJTRD-149-24 to SJTRD-151-24

  

No Significant Result

  

SJTRD-152-24

     9.00       10.00       1.00       0.26  

SJTRD-153-24

  

No Significant Result

  

SJTRD-154-24

     11.00       12.00       1.00       0.10  

SJTRD-156-24 to SJTRD-157-24

  

No Significant Result

  

SJTRD-158-24

     11.00       12.00       1.00       0.12  

SJTRD-159-24 to SJTRD-161-24

  

No Significant Result

  

SJTRD-162-24

     7.00       8.00       1.00       0.12  

SJTRD-163-24

     8.00       9.00       1.00       0.10  

SJTRD-164-24 to SJTRD-165-24

  

No Significant Result

  

SJTRD-166-24

     11.00       12.00       1.00       0.71  

SJTRD-167-24 to SJTRD-186-24

  

No Significant Result

  

SJTRD-187-24

     10.00       15.00       5.00       2.78  

SJTRD-188-24 to SJTRD-196-24

  

No Significant Result

  

SJTRD-197-24

     7.00       8.00       1.00       0.17  

And

     12.00       15.00       3.00       1.05  

SJTRD-198-24 to SJTRD-203-24

  

No Significant Result

  

SJTRD-204-24

     5.00       8.00       3.00       0.48  

And

     13.00       15.00       2.00       0.12  

SJTRD-205-24

     10.00       14.00       4.00       0.18  

SJTRD-206-24 to SJTRD-209-24

  

No Significant Result

  

SJTRD-210-24

     13.00       15.00       2.00       0.16  

SJTRD-211-24

     5.00       6.00       1.00       0.30  

SJTRD-212-24 to SJTRD-213-24

  

No Significant Result

  

SJTRD-214-24

     8.00       9.00       1.00       0.17  

SJTRD-215-24 to SJTRD-227-24

  

No Significant Result

  

SJTRD-228-24

     9.00       10.00       1.00       0.55  

SJTRD-229-24 to SJTRD-250-24

  

No Significant Result

  

SJTRD-251-24

     14.00       15.00       1.00       0.11  

SJTRD-252-24

  

No Significant Result

  

1.

True widths are unknown due to the vertical hole angle and limited depth of drill penetration.

 

 
 

 

Table 2         São Jorge 2024 auger drill hole collar location coordinates.1

 

Hole Number

  

Easting

Metres

(UTM Zone 21S)

    

Northing

Metres

(UTM Zone 21S)

    

Elevation (m

above sea

level)

    

Depth

(m)

  

Status

SJTRD-047-24

     656712       9284447       211     15  

All Assays Received

SJTRD-048-24

     656709       9284505       214     14  

All Assays Received

SJTRD-049-24

     656701       9284550       215     14  

All Assays Received

SJTRD-052-24

     656651       9284700       215     8  

All Assays Received

SJTRD-051-24

     656650       9284650       219     11  

All Assays Received

SJTRD-050-24

     656650       9284600       218     12.7  

All Assays Received

SJTRD-055-24

     656601       9284600       217     12  

All Assays Received

SJTRD-054-24

     656601       9284650       221     10  

All Assays Received

SJTRD-053-24

     656603       9284701       215     6.6  

All Assays Received

SJTRD-056-24

     656401       9284500       219     14  

All Assays Received

SJTRD-057-24

     656402       9284550       222     12  

All Assays Received

SJTRD-058-24

     656402       9284600       223     11  

All Assays Received

SJTRD-059-24

     656401       9284635       219     10  

All Assays Received

SJTRD-060-24

     656350       9284600       218     9  

All Assays Received

SJTRD-061-24

     656351       9284550       220     12.6  

All Assays Received

SJTRD-062-24

     656357       9284500       207     14  

All Assays Received

SJTRD-063-24

     656361       9284445       225     13.4  

All Assays Received

SJTRD-064-24

     656602       9284559       216     14  

All Assays Received

SJTRD-065-24

     656603       9284568       226     13  

All Assays Received

SJTRD-066-24

     656603       9284578       201     14  

All Assays Received

SJTRD-067-24

     656604       9284588       209     13  

All Assays Received

SJTRD-068-24

     656607       9284598       230     14  

All Assays Received

SJTRD-069-24

     656618       9284600       203     12  

All Assays Received

SJTRD-070-24

     656598       9284613       210     20  

All Assays Received

SJTRD-071-24

     656599       9284624       205     16  

All Assays Received

SJTRD-072-24

     656598       9284631       207     18  

All Assays Received

SJTRD-073-24

     656595       9284643       206     18  

All Assays Received

SJTRD-074-24

     656596       9284660       206     16  

All Assays Received

SJTRD-075-24

     656596       9284676       204     18  

All Assays Received

SJTRD-076-24

     656599       9284652       205     18  

All Assays Received

SJTRD-077-24

     656801       9284637       212     15  

All Assays Received

SJTRD-078-24

     656558       9284652       205     18  

All Assays Received

SJTRD-079-24

     656567       9284653       206     18  

All Assays Received

SJTRD-080-24

     656578       9284653       205     18  

All Assays Received

SJTRD-081-24

     656588       9284649       205     18  

All Assays Received

SJTRD-082-24

     656604       9284655       221     16  

All Assays Received

SJTRD-083-24

     656614       9284655       221     18  

All Assays Received

SJTRD-084-24

     656624       9284654       221     18  

All Assays Received

SJTRD-085-24

     656634       9284654       220     18  

All Assays Received

SJTRD-086-24

     656648       9284654       220     18  

All Assays Received

 

 
 
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Hole Number

  

Easting

Metres

(UTM Zone 21S)

    

Northing

Metres

(UTM Zone 21S)

    

Elevation (m

above sea

level)

    

Depth

(m)

  

Status

SJTRD-087-24

     656645       9284625       209     15  

All Assays Received

SJTRD-088-24

     656625       9284600       208     15  

All Assays Received

SJTRD-089-24

     656634       9284599       208     15  

All Assays Received

SJTRD-090-24

     656588       9284596       211     15  

All Assays Received

SJTRD-091-24

     656577       9284597       212     15  

All Assays Received

SJTRD-092-24

     656568       9284602       223     15  

All Assays Received

SJTRD-093-24

     656556       9284597       209     15  

All Assays Received

SJTRD-094-24

     656711       9284454       218     15  

All Assays Received

SJTRD-095-24

     656733       9284452       219     15  

All Assays Received

SJTRD-096-24

     656772       9284449       220     15  

All Assays Received

SJTRD-097-24

     656797       9284441       214     15  

All Assays Received

SJTRD-098-24

     656826       9284430       209     15  

All Assays Received

SJTRD-099-24

     656744       9284621       196     15  

All Assays Received

SJTRD-100-24

     656702       9284607       203     15  

All Assays Received

SJTRD-101-24

     656506       9284656       209     15  

All Assays Received

SJTRD-102-24

     656451       9284645       210     15  

All Assays Received

SJTRD-103-24

     656452       9284600       212     15  

All Assays Received

SJTRD-104-24

     656507       9284600       210     15  

All Assays Received

SJTRD-105-24

     656553       9284579       236     15  

All Assays Received

SJTRD-106-24

     656496       9284557       235     15  

All Assays Received

SJTRD-107-24

     656451       9284545       223     15  

All Assays Received

SJTRD-108-24

     656860       9284396       220     15  

All Assays Received

SJTRD-109-24

     656849       9284447       211     15  

All Assays Received

SJTRD-110-24

     656808       9284432       215     15  

All Assays Received

SJTRD-111-24

     656798       9284438       218     15  

All Assays Received

SJTRD-112-24

     656794       9284467       231     15  

All Assays Received

SJTRD-113-24

     656777       9284434       212     15  

All Assays Received

SJTRD-114-24

     656744       9284432       221     15  

All Assays Received

SJTRD-115-24

     656757       9284469       219     15  

All Assays Received

SJTRD-116-24

     656741       9284469       204     15  

All Assays Received

SJTRD-117-24

     656727       9284431       218     15  

All Assays Received

SJTRD-118-24

     656682       9284440       214     15  

All Assays Received

SJTRD-119-24

     656689       9284464       213     15  

All Assays Received

SJTRD-120-24

     656660       9284452       208     15  

All Assays Received

SJTRD-121-24

     656664       9284475       206     15  

All Assays Received

SJTRD-122-24

     656661       9284500       230     15  

All Assays Received

SJTRD-123-24

     656665       9284541       206     15  

All Assays Received

SJTRD-124-24

     656612       9284539       210     15  

All Assays Received

SJTRD-125-24

     656606       9284501       213     15  

All Assays Received

SJTRD-126-24

     656612       9284449       218     15  

All Assays Received

SJTRD-127-24

     656609       9284401       227     15  

All Assays Received

SJTRD-128-24

     656611       9284346       213     15  

All Assays Received

SJTRD-129-24

     656606       9284296       219     15  

All Assays Received

 

 
 
logo.jpg

 

Hole Number

  

Easting

Metres

(UTM Zone 21S)

    

Northing

Metres

(UTM Zone 21S)

    

Elevation (m

above sea

level)

    

Depth

(m)

  

Status

SJTRD-130-24

     656558       9284298       234     15  

All Assays Received

SJTRD-131-24

     656510       9284301       229     15  

All Assays Received

SJTRD-132-24

     656463       9284291       219     15  

All Assays Received

SJTRD-133-24

     656406       9284297       223     15  

All Assays Received

SJTRD-134-24

     656359       9284294       224     15  

All Assays Received

SJTRD-135-24

     656311       9284297       215     15  

All Assays Received

SJTRD-136-24

     656257       9284301       265     15  

All Assays Received

SJTRD-137-24

     656214       9284291       216     15  

All Assays Received

SJTRD-138-24

     656659       9284298       249     15  

All Assays Received

SJTRD-139-24

     656754       9284300       220     15  

All Assays Received

SJTRD-140-24

     656802       9284300       208     15  

All Assays Received

SJTRD-141-24

     656835       9284295       194     15  

All Assays Received

SJTRD-142-24

     656848       9284349       217     12  

All Assays Received

SJTRD-143-24

     656675       9284496       197     15  

All Assays Received

SJTRD-144-24

     656705       9284503       199     15  

All Assays Received

SJTRD-145-24

     656732       9284496       213     15  

All Assays Received

SJTRD-146-24

     656757       9284498       213     15  

All Assays Received

SJTRD-147-24

     656772       9284498       212     15  

All Assays Received

SJTRD-148-24

     656781       9284502       198     15  

All Assays Received

SJTRD-149-24

     656806       9284551       197     15  

All Assays Received

SJTRD-150-24

     656804       9284601       196     15  

All Assays Received

SJTRD-151-24

     656798       9284497       207     15  

All Assays Received

SJTRD-152-24

     656813       9284475       220     15  

All Assays Received

SJTRD-153-24

     656777       9284473       211     15  

All Assays Received

SJTRD-154-24

     656724       9284476       221     15  

All Assays Received

SJTRD-155-24

     656698       9284475       221     15  

All Assays Received

SJTRD-156-24

     656679       9284472       220     15  

All Assays Received

SJTRD-157-24

     656691       9284452       234     15  

All Assays Received

SJTRD-158-24

     656697       9284426       208     15  

All Assays Received

SJTRD-159-24

     656670       9284425       208     15  

All Assays Received

SJTRD-160-24

     656649       9284429       212     15  

All Assays Received

SJTRD-161-24

     656647       9284406       213     15  

All Assays Received

SJTRD-162-24

     656670       9284404       219     15  

All Assays Received

SJTRD-163-24

     656689       9284404       218     15  

All Assays Received

SJTRD-164-24

     656715       9284404       218     15  

All Assays Received

SJTRD-165-24

     656771       9284401       218     15  

All Assays Received

SJTRD-166-24

     656799       9284404       219     15  

All Assays Received

SJTRD-167-24

     656796       9284346       221     15  

All Assays Received

SJTRD-168-24

     656748       9284350       218     15  

All Assays Received

SJTRD-169-24

     656697       9284350       219     15  

All Assays Received

SJTRD-170-24

     656649       9284349       219     15  

All Assays Received

SJTRD-171-24

     656550       9284350       220     15  

All Assays Received

SJTRD-172-24

     656498       9284350       222     15  

All Assays Received

 

 
 
logo.jpg

 

Hole Number

  

Easting

Metres

(UTM Zone 21S)

    

Northing

Metres

(UTM Zone 21S)

    

Elevation (m

above sea

level)

    

Depth

(m)

  

Status

SJTRD-173-24

     656500       9284250       224     15  

All Assays Received

SJTRD-174-24

     656547       9284250       223     15  

All Assays Received

SJTRD-175-24

     656612       9284250       251     15  

All Assays Received

SJTRD-176-24

     656651       9284251       249     15  

All Assays Received

SJTRD-177-24

     656696       9284252       206     15  

All Assays Received

SJTRD-178-24

     656743       9284249       204     15  

All Assays Received

SJTRD-179-24

     656795       9284248       202     15  

All Assays Received

SJTRD-180-24

     656848       9284251       223     15  

All Assays Received

SJTRD-181-24

     656841       9284197       223     15  

All Assays Received

SJTRD-182-24

     656795       9284199       225     15  

All Assays Received

SJTRD-183-24

     656733       9284202       213     15  

All Assays Received

SJTRD-184-24

     656696       9284201       214     15  

All Assays Received

SJTRD-185-24

     656643       9284197       215     15  

All Assays Received

SJTRD-186-24

     656592       9284200       230     15  

All Assays Received

SJTRD-187-24

     656544       9284201       233     15  

All Assays Received

SJTRD-188-24

     656494       9284202       225     15  

All Assays Received

SJTRD-189-24

     656499       9284153       219     15  

All Assays Received

SJTRD-190-24

     656545       9284149       220     15  

All Assays Received

SJTRD-191-24

     656599       9284147       219     15  

All Assays Received

SJTRD-192-24

     656648       9284148       271     15  

All Assays Received

SJTRD-193-24

     656697       9284150       267     15  

All Assays Received

SJTRD-194-24

     656746       9284153       216     15  

All Assays Received

SJTRD-195-24

     656795       9284155       219     15  

All Assays Received

SJTRD-196-24

     656847       9284151       215     15  

All Assays Received

SJTRD-197-24

     656737       9284630       214     18  

All Assays Received

SJTRD-198-24

     656754       9284632       213     18  

All Assays Received

SJTRD-199-24

     656098       9284452       207     15  

All Assays Received

SJTRD-200-24

     656106       9284499       208     15  

All Assays Received

SJTRD-201-24

     656057       9284502       222     15  

All Assays Received

SJTRD-202-24

     656055       9284549       221     15  

All Assays Received

SJTRD-203-24

     656110       9284545       225     15  

All Assays Received

SJTRD-204-24

     656152       9284551       219     15  

All Assays Received

SJTRD-205-24

     656152       9284602       206     15  

All Assays Received

SJTRD-206-24

     656102       9284604       210     15  

All Assays Received

SJTRD-207-24

     656057       9284600       213     15  

All Assays Received

SJTRD-208-24

     656054       9284646       211     15  

All Assays Received

SJTRD-209-24

     656103       9284646       202     15  

All Assays Received

SJTRD-210-24

     656155       9284652       207     15  

All Assays Received

SJTRD-211-24

     656201       9284650       214     15  

All Assays Received

SJTRD-212-24

     656202       9284700       214     15  

All Assays Received

SJTRD-213-24

     656158       9284705       217     15  

All Assays Received

SJTRD-214-24

     656106       9284699       212     15  

All Assays Received

SJTRD-215-24

     656106       9284748       212     15  

All Assays Received

 

 
 
logo.jpg

 

Hole Number

  

Easting

Metres

(UTM Zone 21S)

    

Northing

Metres

(UTM Zone 21S)

    

Elevation (m

above sea

level)

    

Depth

(m)

  

Status

SJTRD-216-24

     656760       9284650       206     18  

All Assays Received

SJTRD-217-24

     656738       9284653       208     18  

All Assays Received

SJTRD-218-24

     656715       9284655       201     18  

All Assays Received

SJTRD-219-24

     656697       9284651       201     18  

All Assays Received

SJTRD-220-24

     656676       9284654       202     18  

All Assays Received

SJTRD-221-24

     656689       9284629       237     18  

All Assays Received

SJTRD-222-24

     656710       9284631       219     18  

All Assays Received

SJTRD-223-24

     656728       9284630       217     18  

All Assays Received

SJTRD-224-24

     656779       9284633       213     18  

All Assays Received

SJTRD-225-24

     656458       9284352       223     15  

All Assays Received

SJTRD-226-24

     656463       9284396       227     15  

All Assays Received

SJTRD-227-24

     656454       9284448       224     15  

All Assays Received

SJTRD-228-24

     656404       9284400       225     15  

All Assays Received

SJTRD-229-24

     656507       9284402       228     15  

All Assays Received

SJTRD-230-24

     657214       9283992       210     15  

All Assays Received

SJTRD-231-24

     657203       9283999       211     15  

All Assays Received

SJTRD-232-24

     657215       9284001       211     15  

All Assays Received

SJTRD-233-24

     657225       9284000       210     15  

All Assays Received

SJTRD-234-24

     657215       9284007       210     15  

All Assays Received

SJTRD-235-24

     657152       9284015       206     15  

All Assays Received

SJTRD-236-24

     657144       9283999       203     15  

All Assays Received

SJTRD-237-24

     657149       9283999       204     15  

All Assays Received

SJTRD-238-24

     657150       9283984       204     15  

All Assays Received

SJTRD-239-24

     657382       9283672       220     15  

All Assays Received

SJTRD-240-24

     657386       9283685       213     15  

All Assays Received

SJTRD-241-24

     657382       9283687       211     15  

All Assays Received

SJTRD-242-24

     657394       9283693       212     15  

All Assays Received

SJTRD-243-24

     657054       9283111       223     15  

All Assays Received

SJTRD-244-24

     657105       9283155       223     15  

All Assays Received

SJTRD-245-24

     657152       9283154       214     15  

All Assays Received

SJTRD-246-24

     657196       9283159       214     15  

All Assays Received

SJTRD-247-24

     657244       9283161       214     15  

All Assays Received

SJTRD-248-24

     657405       9283678       229     15  

All Assays Received

SJTRD-249-24

     658498       9281151       239     15  

All Assays Received

SJTRD-250-24

     658505       9281204       231     15  

All Assays Received

SJTRD-251-24

     658501       9281250       230     15  

All Assays Received

SJTRD-252-24

     658499       9281295       213     15  

All Assays Received

SJTRD-253-24

     656550       9284200       231     15  

All Assays Received

1.

All holes are collared at a vertical hole angle.

 

 
 
logo.jpg

 

Qualified Person

 

Paulo Pereira, P. Geo., President of GoldMining, has supervised the preparation of, and verified and approved, the scientific and technical information herein this news release. Mr. Pereira is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

 

Data Verification

 

For drill core sampling, samples were taken from the NQ/HQ core by sawing the drill core in half, with one-half sent to SGS Geosol Laboratórios Ltda. ("SGS") in Brazil for assaying, and the other half of the core retained at the site for future reference. Sample lengths downhole were uniformly 1.0 m. For the auger drilling program, samples were collected at 1 m sample intervals, with the material being dried, homogenized and split in the field to obtain a 1 kg representative sample which was sent to SGS for analysis. The remaining auger sample material is stored until the lab results are received, and a 1 kg sample duplicate is maintained in the archive.

 

SGS is a certified commercial laboratory located in Vespasiano, Minas Gerais, Brazil, and is independent of GoldMining. GoldMining has implemented a quality assurance and quality control program for the sampling and analysis of drill core and auger samples, including duplicates, mineralized standards and blank samples for each batch of 100 samples. The gold analyses are completed by FAA505 method (fire-assay with an atomic absorption finish on 50 grams of material).

 

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. The Company also owns approximately 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), 9.9 million shares of U.S. GoldMining Inc. (Nasdaq: USGO), and 26.7 million shares of NevGold Corp. (TSXV: NAU). See www.goldmining.com for additional information.

 

For additional information, please contact:

 

GoldMining Inc.
Amir Adnani, Co-Chairman, David Garofalo, Co-Chairman
Alastair Still, CEO
Telephone: (855) 630-1001

 

Email: info@goldmining.com

 

Notice to Readers

 

Technical disclosure regarding São Jorge has been prepared by the Company in accordance with NI 43-101. NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the U.S. Securities and Exchange Commission (“SEC”) and the scientific and technical information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.

 

Cautionary Statement on 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, statements respecting the Company's expectations regarding the project and expected work programs thereat and often contain words such as "anticipate", "intend", "plan", "will", "would", estimate", "expect", "believe", "potential" and variations of such terms. Such 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, which may prove to be incorrect. Investors are cautioned that forward-looking statements involve risks and uncertainties, including, without limitation: 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, any inability to complete work programs as expected, the Company’s plans with respect to São Jorge may change as a result of further planning or otherwise,  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 most recent Annual Information Form 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.