GoldMining begins drilling at the São Jorge Project and bets on new discoveries

GoldMining has commenced drilling at its wholly-owned São Jorge Gold Project in Brazil. The extensive program in the Tapajos gold district aims to test a re-interpretation of structural controls of high-grade mineralization through confirmation drilling and to enable new discoveries along a kilometer-long deformed corridor. Both diamond core drilling and mechanized auger drilling are being utilized. The latter aims to investigate geochemical anomalies at the surface and define drilling targets for deeper core drilling. The São Jorge endeavor, which holds a significant deposit, focuses on optimizing resource modeling and identifying new mineral occurrences. The work benefits from the region's well-developed infrastructure, including the Cuiabá-Santarém Highway and a 138-kV power line corridor. Tim Smith, Vice President of Exploration at GoldMining, is optimistic: "The initiated drilling is based on our recent geochemical and geophysical datasets and could lead to a better geological understanding and new discoveries." The company's objective is to further explore the regional gold and copper footprint and improve relevant resource models. Previous exploration results indicate a significant mineral system in a productive gold mining area that has been scarcely explored to date. GoldMining plans to sustainably advance the São Jorge project and optimize the mineral resource estimate through detailed drilling investigations and structural analyses. Advanced drilling methods are also being employed to enable rapid and comprehensive geochemical analysis of large surface areas.