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Goldmining Inc
Symbol GOLD
Shares Issued 150,055,093
Close 2021-11-23 C$ 1.84
Recent Sedar Documents

Goldmining samples 7.6 m of 1.06 g/t Au at Sao Jorge

2021-11-24 07:40 ET - News Release

Mr. Alastair Still reports

GOLDMINING REPORTS ADDITIONAL INFILL CORE SAMPLING AT SAO JORGE INCLUDING MINERALIZED SAPROLITE AT SURFACE

Goldmining Inc. has released additional infill assay results from an infill core sampling program at the Sao Jorge property. The initial phase of the program targets existing unsampled core intervals from previous drill programs at the 100-per-cent-owned Sao Jorge property, located alongside regional highway BR-163 in the Tapajos region, Para state, Brazil.

Highlights:

  • Assay results are reported from 11 historic holes to supplement results reported on Oct. 4.
  • Previously unsampled intervals of mineralized saprolite have been identified in at least two holes occurring from surface:
    • SJD-067-06: 1.06 grams per tonne gold over 7.6 metres from surface to 7.6 m;
    • SJD-029-05: 0.62 g/t gold over 12.0 m from surface to 12.0 m;
    • In both holes, the mineralization occurs in oxidized saprolite, well outside the limits of currently modelled mineralization.
  • SJD-003-05 includes a previously unsampled interval:
    • 0.25 g/t over 6.4 m from 244.0 m to 250.4 m (including 1.27 g/t over 1.0 m);
  • SJD-014-05 includes previously unsampled intervals:
    • 0.25 g/t over 3.0 m from 207.0 m to 210.0 m;
    • 0.23 g/t over 2.0 m from 229.0 m to 231.0 m.

Alastair Still, chief executive officer of Goldmining, commented: "This new information further demonstrates the potential of the Sao 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 Sao 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 have improved our understanding of the current models and enhances our identification of new mineralized intervals to be tested.

                   SELECTED SIGNIFICANT GOLD ASSAY RESULTS FROM 
                   INFILL SAMPLING OF PREVIOUSLY UNSAMPLED CORE 
               (mineralized intervals above 0.1 g/t Au are reported) 
  
Hole No.            Interval from       Interval to       Core length        Gold grade
                              (m)               (m)               (m)             (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 Oct. 4, 2021.

         SUMMARY OF GOLD ASSAY RESULTS FROM PREVIOUSLY UNSAMPLED CORE THAT 
             COMPRISE THE FIRST PHASE OF THE INFILL SAMPLING PROGRAM 

Hole No.          Interval from      Interval to      Core length       Gold grade
                            (m)              (m)              (m)            (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

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.
* Results previously reported Oct. 4, 2021.
 

All results are expressed as core length. There is insufficient work to estimate true thickness at this time.

Qualified person

Paulo Pereira, PGeo, president of Goldmining 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 person 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 Laboratorios Ltda. 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 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, the United States, Brazil, Colombia and Peru.

We seek Safe Harbor.

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