GoldMining Inc. reports successful drilling results in Brazil

GoldMining Inc. has released favorable results from their first drill hole at the São Jorge Project in the Brazilian state of Pará. The company, listed on both the Toronto Stock Exchange (TSX) and the NYSE American, is currently conducting an extensive drilling program, which includes 1,000 meters of diamond core drilling and 3,000 meters of reverse circulation drilling. The initial assay results from drill hole SJD-120-24 reveal significant finds. Key sections include 163 meters with a grade of 1.02 g/t gold, including 37 meters with 2.26 g/t gold. Tim Smith, Vice President of Exploration, expressed optimism: "The results of this first drill hole are compelling and confirm our assumptions about the structural control of the mineralization. We expect that the improved geological model will make future mineral resource estimates more precise." The São Jorge Project is located in the active Tapajós gold district, an area known for historical mining sites and current mining projects, such as Serabi Gold's high-grade Palito underground mine and G Mining Ventures' new Tocantinzinho open-pit mine. Proximity to infrastructure development – including a paved highway and a new power line corridor – offers additional potential for the successful advancement of the project. Overall, the results from the first drill hole are promising. The new insights support ongoing exploration efforts and could enable optimized resource modeling.