VANCOUVER, BC, Nov. 24, 2021 /PRNewswire/ - GoldMining Inc. (the
"Company" or "GoldMining") (TSX: GOLD) (NYSE
American: GLDG) is pleased to announce additional infill assay
results from an infill core sampling program at the São Jorge
property. The initial phase of the program targets existing
unsampled core intervals from previous drill programs at the 100%
owned São Jorge property, located alongside regional highway BR-163
in the Tapajos region, Pará State, Brazil (see Figures 1-3 and Tables 1-3).
Highlights:
- Assay results are reported from 11 historic holes to supplement
results reported on October 4 (see
Figure 1 for hole locations);
- Previously unsampled intervals of mineralized saprolite have
been identified in at least two holes occurring from surface (see
Figure 2 and 3):
-
- SJD-067-06: 1.06 grams per tonne ("g/t") gold over
7.6m from surface to 7.6m; and
- SJD-029-05: 0.62 g/t gold over 12.0m from surface to 12.0m
- In both holes, the mineralization occurs in oxidized
saprolite, well outside the limits of currently modeled
mineralization
- SJD-003-05 includes a previously unsampled interval (see Figure
4):
-
- 0.25 g/t over 6.4 m from
244.0m to 250.4m (including 1.27 g/t over 1.0m)
- SJD-014-05 includes previously unsampled intervals (see Figure
5):
-
- 0.25 g/t over 3.0 m from
207.0m to 210.0m; and
- 0.23 g/t over 2.0 m from
229.0m to 231.0m.
Alastair Still, CEO of
GoldMining, commented: "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 preliminary economic assessment ("PEA")
at São Jorge on completion of its recently announced updated
Mineral Resource estimate for the project (see June 1, 2021 news release). Part of the initial
PEA work has identified opportunities to better define existing
mineralization, as evident from this infill drill core sampling
program. The assay results released today has improved our
understanding of the current models and enhances our identification
of new mineralized intervals to be tested. Table 1 lists all
significant assay intervals from the first phase of infill
sampling; Table 2 lists collar locations from holes with infill
sampling; and Table 3 lists all intervals sampled in the infill
sampling program. The results of the initial infill sampling
program justify a follow-up phase of additional sampling.
Table 1 – Selected significant gold assay results
from infill sampling of previously unsampled core. Mineralized
intervals above 0.1 g/t Au are reported.
Hole
Number
|
Interval
From
(m)
|
Interval To
(m)
|
Core Length
(m)
|
Gold Grade
(g/t)
|
SJD-003-05
|
244.0
|
250.4
|
6.4
|
0.25
|
including
|
245.0
|
246.0
|
1.0
|
1.27
|
SJD-014-05
|
207.0
|
210.0
|
3.0
|
0.25
|
|
229.0
|
231.0
|
2.0
|
0.23
|
SJD-029-05
|
0.0
|
12.0
|
12.0
|
0.62
|
|
21.0
|
22.0
|
1.0
|
0.13
|
|
25.0
|
26.0
|
1.0
|
0.10
|
|
39.0
|
40.0
|
1.0
|
0.17
|
|
77.0
|
78.0
|
1.0
|
0.21
|
SJD-035-05
|
159.0
|
160.0
|
1.0
|
0.42
|
SJD-058-06*
|
140.0
|
145.0
|
5.0
|
0.49
|
|
157.0
|
246.0
|
89.0
|
1.23
|
including
|
157.0
|
171.0
|
14.0
|
3.62
|
including
|
167.0
|
171.0
|
4.0
|
9.51
|
SJD-067-06
|
0.0
|
7.6
|
7.6
|
1.06
|
including
|
0.0
|
1.8
|
1.8
|
3.65
|
SJD-094-11*
|
50.0
|
52.0
|
2.0
|
0.24
|
|
58.0
|
60.0
|
2.0
|
0.68
|
|
63.0
|
69.0
|
6.0
|
0.11
|
*
|
Results previously
reported October 4, 2021.
|
Table 2 – Summary of gold assay results from previously
unsampled core that comprise the first phase of the infill sampling
program. Significant results are reported when there is an interval
containing a sample grading above 0.10 g/t gold. Intervals showing
NSV (no significant value) are reported when the interval does not
contain a result exceeding 0.10 g/t gold.
Hole
Number
|
Interval
From
(m)
|
Interval To
(m)
|
Core Length
(m)
|
Gold Grade
(g/t)
|
SJD-003-05
|
39.4
|
55.6
|
16.2
|
NSV
|
|
209.5
|
227.8
|
18.3
|
NSV
|
|
239.0
|
250.4
|
11.4
|
0.14
|
including
|
244.0
|
250.4
|
6.4
|
0.25
|
including
|
245.0
|
246.0
|
1.0
|
1.27
|
SJD-014-05
|
201.0
|
215.0
|
14.0
|
0.06
|
including
|
207.0
|
210.0
|
3.0
|
0.25
|
|
224.0
|
244.4
|
20.4
|
0.03
|
including
|
228.0
|
231.0
|
3.0
|
0.17
|
|
246.4
|
253.2
|
6.7
|
NSV
|
|
257.3
|
270.1
|
12.8
|
NSV
|
SJD-029-05
|
0.0
|
55.0
|
55.0
|
0.15
|
including
|
0.0
|
4.0
|
4.0
|
1.06
|
including
|
0.0
|
12.0
|
12.0
|
0.62
|
including
|
21.0
|
22.0
|
1.0
|
0.13
|
including
|
25.0
|
26.0
|
1.0
|
0.10
|
including
|
39.0
|
40.0
|
1.0
|
0.17
|
|
60.0
|
83.3
|
23.3
|
0.01
|
including
|
77.0
|
78.0
|
1.0
|
0.21
|
SJD-035-05
|
146.9
|
168.6
|
21.7
|
0.03
|
including
|
159.0
|
160.0
|
1.0
|
0.42
|
SJD-036-05
|
268.0
|
275.0
|
7.0
|
NSV
|
|
277.0
|
290.0
|
13.0
|
NSV
|
|
294.0
|
301.4
|
7.4
|
NSV
|
SJD-053-06
|
0.0
|
11.9
|
11.9
|
NSV
|
|
21.3
|
37.0
|
15.6
|
NSV
|
|
46.1
|
174.9
|
128.8
|
NSV
|
|
190.7
|
223.2
|
32.5
|
NSV
|
SJD-054-06
|
0.0
|
18.8
|
18.8
|
NSV
|
|
29.6
|
62.0
|
32.4
|
NSV
|
|
70.0
|
80.9
|
11.0
|
NSV
|
|
84.9
|
95.0
|
10.1
|
NSV
|
|
109.9
|
119.9
|
10.0
|
NSV
|
|
245.3
|
251.8
|
6.5
|
NSV
|
SJD-058-06*
|
140.0
|
145.0
|
5.0
|
0.49
|
|
157.0
|
246.0
|
89.0
|
1.23
|
including
|
157.0
|
171.0
|
14.0
|
3.62
|
including
|
167.0
|
171.0
|
4.0
|
9.51
|
including
|
179.0
|
186.0
|
7.0
|
1.41
|
including
|
194.0
|
199.0
|
5.0
|
1.29
|
including
|
203.0
|
246.0
|
43.0
|
0.93
|
including
|
203.0
|
213.0
|
10.0
|
1.34
|
including
|
221.0
|
246.0
|
25.0
|
1.04
|
SJD-067-06
|
0.0
|
43.2
|
43.2
|
0.20
|
including
|
0.0
|
1.8
|
1.8
|
3.92
|
including
|
0.0
|
7.6
|
7.6
|
1.10
|
|
51.0
|
75.4
|
24.3
|
NSV
|
|
81.0
|
93.5
|
12.5
|
NSV
|
SJD-070-06
|
15.6
|
28.5
|
12.9
|
NSV
|
|
42.4
|
53.3
|
10.9
|
NSV
|
|
62.1
|
71.8
|
9.7
|
NSV
|
|
74.3
|
82.0
|
7.8
|
NSV
|
|
87.4
|
93.6
|
6.3
|
NSV
|
|
124.2
|
132.7
|
8.5
|
NSV
|
|
152.0
|
161.2
|
9.2
|
NSV
|
|
168.4
|
176.1
|
7.6
|
NSV
|
|
177.5
|
190.2
|
12.7
|
NSV
|
|
194.4
|
225.2
|
30.8
|
NSV
|
SJD-071-06
|
170.3
|
173.3
|
3.0
|
NSV
|
SJD-093-11
|
70.0
|
152.0
|
82.0
|
NSV
|
SJD-094-11*
|
50.0
|
70.0
|
20.0
|
0.13
|
including
|
50.0
|
52.0
|
2.0
|
0.24
|
including
|
58.0
|
70.0
|
12.0
|
0.18
|
including
|
59.0
|
60.0
|
1.0
|
1.21
|
*
|
Results previously
reported October 4, 2021.
|
Table 3 – Collar coordinates from all holes that comprise
the initial infill sampling program.
Hole
Number
|
Easting
|
Northing
|
Elevation
|
Depth
|
Azimuth
|
Dip
|
SJD-003-05
|
657542.43
|
9282801.02
|
209.69
|
250.40
|
235
|
-50
|
SJD-014-05
|
657256.10
|
9282728.33
|
225.54
|
270.10
|
360
|
-55
|
SJD-029-05
|
657452.73
|
9282861.83
|
213.11
|
304.20
|
180
|
-55
|
SJD-035-05
|
657217.31
|
9282988.62
|
213.88
|
325.30
|
180
|
-55
|
SJD-036-05
|
656502.66
|
9282766.56
|
211.31
|
301.40
|
30
|
-60
|
SJD-053-06
|
656774.97
|
9282829.22
|
220.69
|
278.60
|
360
|
-55
|
SJD-054-06
|
656856.76
|
9282831.55
|
218.73
|
251.84
|
360
|
-55
|
SJD-058-06*
|
657421.61
|
9282882.74
|
214.99
|
259.10
|
180
|
-55
|
SJD-067-06
|
657503.38
|
9282879.11
|
212.33
|
331.10
|
180
|
-55
|
SJD-070-06
|
656611.71
|
9282944.56
|
205.80
|
272.60
|
30
|
-55
|
SJD-071-06
|
657762.00
|
9282538.46
|
206.92
|
271.10
|
30
|
-55
|
SJD-093-11
|
657551.82
|
9282873.61
|
209.35
|
332.15
|
180
|
-55
|
SJD-094-11*
|
657658.00
|
9282700.61
|
205.9
|
330.40
|
180
|
-55
|
*
|
Results previously
reported October 4, 2021.
|
All results are expressed as core length. There is insufficient
work to estimate true thickness at this time.
Qualified Person
Paulo Pereira, P. Geo., President
of GoldMining Inc. has supervised the preparation of, and approved,
the scientific and technical information contained herein. Mr.
Pereira supervised the sampling program and has verified the
exploration information contained herein. Mr. Pereira is a
Qualified Persons as defined in National Instrument 43-101.
Data Verification
For this program of 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 Labóratorios Ltda. ("SGS GEOSOL") and the other
half retained for future reference. SGS GEOSOL is a certified
commercial laboratory located in Vespasiano, Minas Gerais,
Brazil. GoldMining has implemented
a stringent quality assurance and quality-control (QA/QC) program
for the sampling and analysis of drill core which includes
insertion of duplicates, mineralized standards and blank samples
for each batch of 100 samples. The gold analyses were completed by
fire-assays with an atomic absorption finish on 50 grams of
material. Repeats were carried out by fire-assay.
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. The Company also owns 20 million
shares of Gold Royalty Corp. (NYSE American: GROY).
Forward-looking Statements
This document contains certain forward-looking statements
that reflect the current views and/or expectations of GoldMining
with respect to its expectations and ongoing and proposed work at
the São Jorge property, future exploration and work programs
and the expected PEA for the property. 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 PEA 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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