VANCOUVER, BC, July 12, 2021 /CNW/ - GoldMining Inc.
(the "Company" or "GoldMining") (TSX: GOLD) (NYSE
American: GLDG) is pleased to announce the results of updated
Mineral Resource estimates ("MREs") on each of its 100%
owned Titiribi Project ("Titiribi") and its La Mina Project,
both located in Antioquia, Colombia.
Highlights:
Titiribi
- 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) (see Table 1);
- 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) (see Table 1);
La Mina
- 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) (see Table 2); and
- 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) (see Table 2);
Global Mineral Resources
- Pursuant to the updated MREs, GoldMining's global aggregate of
Mineral Resources totals (see Table 3 for details):
-
- 16.24 million ounces gold equivalent in the Measured and
Indicated categories; and
- 16.17 million ounces gold equivalent in the Inferred
category.
Alastair Still, CEO of
GoldMining, commented: "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."
Mr. Still continued: "Our acquisition strategy has created a
leading portfolio of exploration and development stage holdings
(Titiribi, La Mina and Yarumalito) in the mid-Cauca belt, which is
emerging as an attractive region for major mining companies as
evidenced by recent investments by Newmont, Agnico Eagle Mines,
Wheaton Precious Metals, and Zijin Mining. Additionally, as a
result of the proximity of Titiribi and La Mina, located only 17 km
apart, we believe we are positioned to capitalize on potential
synergies and scale as we continue to advance our projects.
Our global gold equivalent Mineral Resources of approximately
16.24 million ounces in the Measured and Indicated categories and
16.17 million gold equivalent ounces in the Inferred category are
an industry leading foundation upon which we will execute our plans
to build additional value."
Titiribi Updated Mineral Resource Highlights:
- 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) (see Table 1);
- 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) (see Table 1);
- Compared to the prior reported estimate completed in 2016,
which was not pit-constrained:
-
- Indicated Mineral Resource tonnage has increased by 55.6%,
while metal content for gold and copper has increased by 23.1% and
51.5% respectively due to changes in cut-off grade and metal price
parameters;
- Inferred Mineral Resources tonnes have increased 16.4%, while
metal content for gold and copper have increased by 3.1% and 172.9%
respectively due to changes in cut-off grade and metal price
parameters;
- The updated MRE utilizes a pit shell to constrain resources and
takes into account updated operating cost assumptions and updated
metal price assumptions, including US$1,600/oz gold and US$3.25/pound copper; and
- A total of 270 diamond drill holes, totaling 144,779 metres,
have been drilled at Titiribi with 184 diamond drill holes,
totaling 106,250 meters drilled at Cerro Vetas, NW Breccia, and
Chisperos, the deposits which host the MRE.
The updated MRE for Titiribi utilized a 0.30 g/t gold equivalent
cut-off grade for near-surface mineralization. The MRE was pit
constrained to establish reasonable prospects of economic
extraction with an optimized pit shell using maximum pit slopes of
50°. Cut-off grades were established by using an assumed
US$1,600/oz gold price and copper
price of US$3.25/pound copper;
average metallurgical recoveries of 83% for gold and 90% for
copper; average mining costs of US$1.60/tonne waste and, US$1.70/tonne ore; and average processing and
general and administrative costs of US$6.80/tonne processed. Ordinary kriging was
used to estimate gold and copper into blocks measuring 5 x 5 x 5
metres in dimension. Copper is included in the block models and MRE
for Cerro Vetas, and although present at Chisperos and NW Breccia,
it was not included in the resource estimate or cut-off grade
estimations for these deposits.
Table 1: Titiribi Project Mineral Resource
Estimate1-5 (effective date: June
14, 2021)
Deposit
|
|
|
Grade
|
Contained
Metal
|
Cut-off
|
Tonnes
|
Gold
|
Silver
|
Copper
|
Gold
Eq
|
Gold
|
Silver
|
Copper
|
Gold
Eq
|
(g/t)
|
(Mt)
|
(g/t)
|
(g/t)
|
(%)
|
(g/t)
|
(Moz)
|
(Moz)
|
(Mlbs)
|
(Moz)
|
Measured
Resources
|
Cerro
Vetas
|
0.30
|
85.00
|
0.39
|
-
|
0.15
|
0.62
|
1.06
|
-
|
285.60
|
1.69
|
Indicated
Resources
|
Cerro
Vetas
|
0.30
|
254.40
|
0.35
|
-
|
0.14
|
0.56
|
2.86
|
-
|
775.70
|
4.57
|
Chisperos
|
0.30
|
60.40
|
0.48
|
-
|
-
|
0.48
|
0.94
|
-
|
-
|
0.94
|
NW Breccia
|
0.30
|
34.80
|
0.61
|
-
|
-
|
0.61
|
0.69
|
-
|
-
|
0.69
|
Total
Indicated
|
|
349.60
|
0.40
|
-
|
0.10
|
0.55
|
4.49
|
-
|
775.70
|
6.20
|
Total Measured
& Indicated
|
|
434.60
|
0.40
|
-
|
0.11
|
0.56
|
5.54
|
|
1,061.20
|
7.88
|
Inferred
Resources
|
Cerro
Vetas
|
0.30
|
124.90
|
0.31
|
-
|
0.08
|
0.42
|
1.23
|
-
|
212.60
|
1.69
|
Chisperos
|
0.30
|
44.20
|
0.45
|
-
|
-
|
0.45
|
0.64
|
-
|
-
|
0.64
|
NW Breccia
|
0.30
|
72.80
|
0.55
|
-
|
-
|
0.55
|
1.29
|
-
|
-
|
1.29
|
Total
Inferred
|
|
241.90
|
0.41
|
-
|
0.04
|
0.47
|
3.16
|
-
|
212.60
|
3.62
|
Notes:
|
1.
|
Metallurgical
recoveries are: 83% for Au, 90% for Cu.
|
2.
|
The Au Equivalent
equations are: AuEq(oz) = Au(oz) +
Cu(lbs)*0.0022026
|
3.
|
The specific gravity
for each lithological domain ranges from 2.76 to 2.99
g/cm3 based on over 7,000 drill core specific gravity
measurements.
|
4.
|
Cut-off for Cerro
Vetas is g/t gold equivalent; Chisperos and NW Breccia cut-offs are
g/t Au.
|
5.
|
Numbers may not add
due to rounding.
|
Titiribi hosts several gold-copper exploration targets in an
historic gold mining district located in the Department of
Antioquia about 70 kilometers southwest of Medellin, Colombia. Titiribi comprises a
single mining concession covering an aggregate area of
approximately 3,919 hectares.
The Titiribi Mineral Resources are hosted within the Cerro
Vetas-NW Breccia-Chisperos complex as a bulk tonnage gold and
copper porphyry deposit directly related to several interconnected
Cerro Vetas diorite porphyry centers but also hosted in the
immediate contact aureoles and adjacent breccias. Chisperos hosts
intrusive and contact aureole mineralization. Mineralization hosted
in the Cerro Vetas diorite porphyry is disseminated and fracture
controlled. The principal metallic minerals are native gold,
chalcopyrite, pyrite, and magnetite.
A second style of mineralization is gold-only mineralization
developed in diatreme breccia in the NW Breccia and Chisperos
zones. At NW Breccia, a separate diorite plug hosts gold and copper
mineralization while the diatreme breccia hosts both gold-only and
gold-copper mineralization. Similar to the NW Breccia, Chisperos
hosts gold-copper mineralization in diorite plugs and dikes,
gold-only mineralization in diatreme breccia, but also hosts
substantial epithermal, lower-temperature generally gold-only
mineralization (with sphalerite) within parallel to sub-parallel
mineralized zones that are both stratigraphically and structurally
controlled and hosted in a sedimentary-volcanic rock
sequence.
The MRE disclosed herein for the Titiribi Project was prepared
by Dr. Robert E. Cameron, Ph.D.,
MMSA 01357QP of Behr Dolbear and has
an effective date of June 14,
2021.
The MRE updates and replaces the prior historic MRE of the
Company contained in its technical report titled, "Technical Report
on the Titiribi Project, Department of Antioquia, Colombia" dated effective September 14, 2016.
La Mina Updated Resource Highlights:
- Indicated Mineral Resources of 0.663 million ounces gold, 1.602
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) (see Table 2);
- Inferred Mineral Resources of 0.287 million ounces gold, 0.772
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) (see Table 2);
- Compared to the prior reported estimate completed in 2016,
Indicated Mineral Resource tonnage has increased by 0.3%, while
metal content for gold and silver have decreased by 0.8% and 0.3%
respectively and copper has increased 0.2%;
- Compared to the prior estimate reported in 2016, Inferred
Mineral Resources tonnage has increased 9.1%, while metal content
for gold, silver and copper have increased by 9.5%, 9.8%, and 9.8%
respectively;
- The estimate has been updated with metal prices of US$1,600/oz gold price, US$21/oz silver, and US$3.25/lb copper;
- The MRE utilizes pit shells to constrain resources at the La
Cantera and Middle Zone deposits;
- The total La Mina Project area comprises a database of 106
drill holes totaling 36,694 metres with 80 drillholes and 27,130
metres drilled within the two deposit block models at La Cantera
and Middle Zone; and
- The Mineral Resource estimate incorporates only La Cantera and
Middle Zone prospects and does not include the La Garrucha prospect
located approximately 800 m to the
east.
Table 2: La Mina Project Mineral Resource
Estimate1-6 (effective date: July
6, 2021).
Deposit
|
|
|
Grade
|
Contained
Metal
|
Cut-off
|
Tonnes
|
Gold
|
Silver
|
Copper
|
Gold
Eq
|
Gold
|
Silver
|
Copper
|
Gold
Eq
|
(g/t)
|
(Mt)
|
(g/t)
|
(g/t)
|
(%)
|
(g/t)
|
(Moz)
|
(Moz)
|
(Mlbs)
|
(Moz)
|
Indicated
Resources
|
La
Cantera
|
0.25
|
18.02
|
0.86
|
2.05
|
0.32
|
1.33
|
0.50
|
1.19
|
125.59
|
0.77
|
Middle
Zone
|
0.25
|
10.22
|
0.50
|
1.26
|
0.11
|
0.67
|
0.16
|
0.41
|
24.94
|
0.22
|
Total
Indicated
|
|
28.25
|
0.73
|
1.76
|
0.24
|
1.09
|
0.66
|
1.60
|
150.53
|
0.99
|
Inferred
Resources
|
La
Cantera
|
0.25
|
12.03
|
0.69
|
1.84
|
0.29
|
1.12
|
0.27
|
0.71
|
78.19
|
0.44
|
Middle
Zone
|
0.25
|
1.60
|
0.39
|
1.17
|
0.09
|
0.53
|
0.02
|
0.06
|
3.06
|
0.03
|
Total
Inferred
|
|
13.63
|
0.65
|
1.76
|
0.27
|
1.05
|
0.29
|
0.77
|
81.25
|
0.46
|
Notes:
|
1.
|
The Mineral Resource
for La Mina is an in-pit constrained resource calculated using a
Whittle-Pit algorithm with "reasonable prospects of eventual
economic extraction" using the following assumptions:
|
2.
|
Metal prices of
US$1600/oz Au, US$3.25/lb Cu and US$21/oz Ag;
|
|
- Royalty of 2% NSR;
- Pit slopes are 50 degrees;
- Mining cost US$1.76/t, Processing cost
US$8.10/t and G&A costs of US$1.00/t.
|
|
|
3.
|
Metallurgical
recoveries are: 90% for Au, 90% for Cu, and 30% for Ag.
|
4.
|
Gold-equivalent
grades were calculated using the following formula: AuEq = Au (g/t)
+ [Cu(%)} x {%Recoverable Cu / %Recoverable Au} x {Cu Price/Au
Price} x 22.0462 x 31.1035] + [Ag (g/t) x {Ag Price/Au
Price}].
|
5.
|
A density of 2.7
tonnes per cubic metre was used for tonnage estimates for La
Cantera and 2.65 tonnes per cubic metre for Middle Zone.
|
6.
|
Numbers may not add
due to rounding.
|
The La Mina property consists of two concession contracts and
two concession contract applications covering 3,210 hectares
located in the Department of Antioquia, Republic of Colombia, some 51 km SW of Medellin. The Mineral Resource for La Mina
incorporates the La Cantera and Middle Zone porphyry deposits
located within 400 m of each
other. La Cantera and Middle Zone constitute two of the four
drill-tested mineralized porphyry intrusive and breccia bodies on
the La Mina property. In both deposits, the intrusive centers
are characterized by a series of porphyry stocks and related
breccias that together make up porphyry copper-gold deposits.
Geologic volumes were used to constrain the estimation.
Mineralization was estimated using the Inverse Distance Squared
("ID2") estimation technique for Middle Zone. Hard boundaries were
also set such that only composites matching the respective
lithology could be used as part of the estimation. Based on
variography, ordinary Kriging was used to estimate grades in the
block model at La Cantera. Gold, copper and silver grades were
estimated into the block model. For each estimation run the block
selection was restricted to within the respective lithology group.
Hard boundaries were also set for estimations to restrict samples
used; only samples matching the respective lithology group could be
used for grade estimation. Grade capping of each metal has been
used to limit high grade outliers for both deposits.
The MRE disclosed herein for the La Mina Project was prepared by
Scott Wilson, C.P.G, of Metal Mining
Consultants Inc. and has an effective date of July 6, 2021.
The MRE updates and replaces the prior historic MRE of the
Company contained in its technical report titled, "NI 43-101
Technical Report: Belhaven Copper and Gold Inc, La Mina Project,
Antioquia, Republic of Colombia"
dated effective October 24, 2016.
Table 3: GoldMining Inc. Global Mineral Resource
Estimate1-15.
Deposit
|
Cut-off4
|
Tonnes
|
Grade
|
Contained
Metal
|
Gold
|
Silver
|
Copper
|
Gold
Eq
|
Gold
|
Silver
|
Copper
|
Gold
Eq
|
(g/t)
|
(Mt)
|
(g/t)
|
(g/t)
|
(%)
|
(g/t)
|
(Moz)
|
(Moz)
|
(Mlbs)
|
(Moz)
|
Measured
Resources
|
Titiribi5
|
0.30
|
85.00
|
0.39
|
--
|
0.15
|
0.62
|
1.06
|
--
|
285.6
|
1.69
|
Yellowknife6
|
0.5/1.5
|
1.18
|
2.12
|
--
|
--
|
2.12
|
0.08
|
--
|
--
|
0.08
|
Total
|
|
|
|
|
|
|
1.14
|
--
|
285.6
|
1.77
|
Indicated
Resources
|
Titiribi5
|
0.30
|
349.60
|
0.40
|
--
|
0.10
|
0.55
|
4.49
|
--
|
775.7
|
6.20
|
Yellowknife6
|
0.5/1.5
|
12.93
|
2.35
|
--
|
--
|
2.35
|
0.98
|
--
|
--
|
0.98
|
São
Jorge7
|
0.30
|
14.28
|
1.55
|
--
|
--
|
1.55
|
0.71
|
--
|
--
|
0.71
|
Cachoeira8
|
0.35
|
17.47
|
1.23
|
--
|
--
|
1.23
|
0.69
|
--
|
--
|
0.69
|
Whistler9
|
$10/t
$25/t
|
118.20
|
0.51
|
2.19
|
0.16
|
0.79
|
1.94
|
8.33
|
422.0
|
2.99
|
La
Mina10
|
0.25
|
28.25
|
0.73
|
1.76
|
0.24
|
1.09
|
0.66
|
1.60
|
150.5
|
0.99
|
Crucero11
|
0.40
|
30.65
|
1.01
|
--
|
--
|
1.01
|
0.99
|
--
|
--
|
0.99
|
Almaden12
|
0.30
|
43.47
|
0.65
|
--
|
--
|
0.65
|
0.91
|
--
|
--
|
0.91
|
Total
|
|
|
|
|
|
|
11.38
|
9.94
|
1,348.2
|
14.47
|
Measured and
Indicated Resources
|
Total
|
|
|
|
|
|
|
12.52
|
9.94
|
1,633.8
|
16.24
|
Inferred
Resources
|
Titiribi5
|
0.30
|
241.90
|
0.41
|
--
|
0.04
|
0.47
|
3.16
|
--
|
212.6
|
3.62
|
Yellowknife6
|
0.5/1.5
|
9.30
|
2.47
|
--
|
--
|
2.47
|
0.74
|
--
|
--
|
0.74
|
São
Jorge7
|
0.30
|
17.58
|
1.27
|
--
|
--
|
1.27
|
0.72
|
--
|
--
|
0.72
|
Cachoeira8
|
0.35
|
15.67
|
1.07
|
--
|
--
|
1.07
|
0.54
|
--
|
--
|
0.54
|
Whistler9
|
$10/t
$25/t
|
316.98
|
0.46
|
1.58
|
0.10
|
0.63
|
4.67
|
16.06
|
711.4
|
6.45
|
La
Mina10
|
0.25
|
13.63
|
0.65
|
1.76
|
0.27
|
1.05
|
0.29
|
0.77
|
81.2
|
0.46
|
Crucero11
|
0.40
|
35.78
|
1.00
|
--
|
--
|
1.00
|
1.15
|
--
|
--
|
1.15
|
Almaden12
|
0.30
|
9.15
|
0.56
|
--
|
--
|
0.56
|
0.16
|
--
|
--
|
0.16
|
Boa
Vista13
|
0.50
|
8.47
|
1.23
|
--
|
--
|
1.23
|
0.34
|
--
|
--
|
0.34
|
Surubim14
|
0.30
|
19.44
|
0.81
|
--
|
--
|
0.81
|
0.50
|
--
|
--
|
0.50
|
Yarumalito15
|
0.50
|
66.27
|
0.58
|
--
|
0.09
|
0.70
|
1.23
|
--
|
129.3
|
1.50
|
Total
|
|
|
|
|
|
|
13.49
|
16.83
|
1,134.5
|
16.17
|
Notes:
|
1.
|
Mineral resources are
not mineral reserves and do not have demonstrated economic
viability. There is no certainty that all or any part of the
mineral resources will be converted into mineral reserves. The
estimate of mineral resources may be materially affected by
environmental permitting, legal, title, taxation, sociopolitical,
marketing or other relevant issues.
|
2.
|
The above global
resource estimate table is provided for informational purposes only
and is not intended to represent the viability of any project on a
standalone or global basis. The exploration and development of each
project, project geology and the assumptions and other factors
underlying each estimate, are not uniform and will vary from
project to project. Please refer to the technical report for each
respective project, as referenced herein, for detailed information
respecting each individual project.
|
3.
|
All quantities are
rounded to the appropriate number of significant figures;
consequently sums may not add up due to rounding.
|
4.
|
Gold cut-off based on
g/t for all projects except Cerro Vetas (Titiribi) which uses g/t
gold equivalent and Whistler, which is based on a NSR
US$/t
|
5.
|
Notes for
Titiribi: Please see GoldMining Inc. Press Release dated July
12, 2021 for further information.
|
6.
|
Notes for
Yellowknife: Based on technical report titled "Independent
Technical Report Yellowknife Gold Project Northwest Territories,
Canada" with an effective date of March 1, 2019, and amended and
re-stated on June 9, 2021 which is available at www.sedar.com under
GoldMining's SEDAR profile.
|
7.
|
Notes for Sao
Jorge: Please see GoldMining Inc. Press Release dated June 1,
2021 for further information.
|
8.
|
Notes for
Cachoeira: Based on technical report titled "Technical Report
and Resource Estimate on the Cachoeira Property, Pará State,
Brazil" with an effective date of April 17, 2013 and amended and
re-stated October 2, 2013, which is available at www.sedar.com
under GoldMiningꞌs SEDAR profile.
|
9.
|
Notes for
Whistler: Please see GoldMining Inc. Press Release dated June
21, 2021 for further information.
|
10.
|
Notes for La
Mina: Please see GoldMining Inc. Press Release dated July 12,
2021 for further information.
|
11.
|
Notes for
Crucero: Based on technical report titled "Technical Report on
the Crucero Property, Carabaya Province, Peru" with an effective
date of December 20, 2017, which is available at www.sedar.com
under GoldMining's SEDAR profile.
|
12.
|
Notes for
Almaden: Based on technical report titled "Technical Report:
Almaden Gold Property, Washington County, Idaho, USA" with an
effective date of April 1, 2020, which is available at
www.sedar.com under GoldMining's SEDAR profile.
|
13.
|
Notes for Boa
Vista: Based on technical report titled "Technical Report on
the Boa Vista Project and Resource Estimate on the VG1 Prospect,
Tapajos Area, Para State, Northern Brazil" with an effective date
of November 22, 2013, which is available at www.sedar.com under
GoldMiningꞌs SEDAR profile.
|
14.
|
Notes for
Surubim: Based on technical report titled "Technical Report on
the Rio Novo Gold Project and Resource Estimate on the Jau
Prospect, Tapajos Area, Para State, Northern Brazil" ("Surubim
Project") with an effective date of November 22, 2013, which is
available at www.sedar.com under GoldMiningꞌs SEDAR
profile.
|
15.
|
Notes for
Yarumalito: Based on a technical report titled "Technical
Report: Yarumalito Gold-Copper Property, Departments of Antioquia
and Caldas, Republic of Colombia" with an effective date of April
1, 2020, which is available at www.sedar.com under GoldMining's
SEDAR profile.
|
GoldMining will file updated technical reports for each of the
Titiribi and La Mina projects within 45 days of the date hereof.
Such reports will include additional information regarding the
projects and the above MREs for each project.
Qualified Persons
Robert Cameron, Ph.D., of
Behre Dolbear, who is
independent of the Company, has reviewed and approved the
scientific and technical information herein regarding the
Titiribi Project.
Scott Wilson, C.P.G., of Metal
Mining Consultants Inc., who is independent of the Company, has
reviewed and approved the scientific and technical information
herein regarding the La Mina Project.
Paulo Pereira, P. Geo., President
of GoldMining Inc. has supervised the preparation of this news
release and has reviewed and approved the scientific and technical
information contained herein. Each of Dr. Cameron, and Messrs.
Wilson and Pereira are Qualified Persons as defined in NI
43-101.
Notice to Readers
There is no certainty that any part of the Mineral Resources
estimated will be converted into a Mineral Reserves estimate.
Disclosure regarding Mineral Resource estimates included herein
have been prepared by the Company in accordance with National
Instrument 43-101 ("NI 43-101"). NI 43-101 is a rule developed by
the Canadian Securities Administrators that establishes standards
for public disclosure by issuer of scientific and technical
information concerning mineral projects. NI 43-101 differs
significantly from the disclosure requirements of the United States
Securities and Exchange Commission ("SEC") generally applicable to
U.S. companies subject to the SEC's disclosure requirements. For
example, the terms "Indicated Mineral Resource" and "Inferred
Mineral Resource" are defined in NI 43-101 by reference to the
guidelines set out in the CIM Definition Standards on Mineral
Resources and Mineral Reserves. These definitions differ from the
definitions in the disclosure requirements promulgated by the SEC.
Accordingly, information contained herein or in the Company's
descriptions of its projects may not be comparable to similar
information made public by U.S. companies reporting pursuant to SEC
disclosure requirements.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused
on the acquisition and development of 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,
U.S.A., Brazil, Colombia, and Peru.
Forward-looking Statements
This document contains certain forward-looking statements
that reflect the current views and/or expectations of GoldMining
with respect to its long-term strategy, proposed work and other
plans and expected timing of PEAs and other reports for its
projects. 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: delays to plans caused by
restrictions and other future impacts of COVID-19 or any other
inability of the Company to meet expected timelines for planned
project activities, including the timing of proposed PEAs and work
programs; the inherent risks involved in the exploration and
development of mineral properties, fluctuating metal prices,
proposed studies may not confirm GoldMining's expectations for its
projects, 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, 2020, and other filings with Canadian securities
regulators and the U.S. Securities and Exchange Commission, could
cause actual results and events to vary significantly. Accordingly,
readers should not place undue reliance on forward-looking
statements and information. There can be no assurance that
forward-looking information, or the material factors or assumptions
used to develop such forward-looking information, will prove to be
accurate. The Company does not undertake any obligations to release
publicly any revisions for updating any voluntary forward-looking
statements, except as required by applicable securities
law.
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content:https://www.prnewswire.com/news-releases/goldmining-reports-new-mineral-resource-estimates-for-titiribi-and-la-mina-projects-colombia-301331303.html
SOURCE GoldMining Inc.