GoldMining Inc. Announces Updated Mineral Resource Estimate for São Jorge Project in Brazil
Vancouver, BC, February 26, 2025 – GoldMining Inc. (GoldMining or the Company), a Canadian gold exploration and development company, is thrilled to share the results of an updated Mineral Resource Estimate (MRE) for its 100% owned São Jorge Project in the Tapajós gold district, Pará State, Brazil. This exciting news is detailed in a technical report titled “NI 43-101 Technical Report, São Jorge Project, Pará State, Brazil,” with an effective date of January 28, 2025.
New Estimate Significantly Expands Previous Resource
The updated MRE represents a substantial increase in the mineral resources at São Jorge compared to the previous estimate, which was announced in 2020. The new estimate includes an indicated resource of 1.3 million ounces of gold (Au) and an inferred resource of 1.1 million ounces of gold. These numbers are a significant improvement over the previous estimates of 786,000 ounces indicated and 546,000 ounces inferred.
Implications for GoldMining and the Mining Industry
For GoldMining, this updated MRE signifies a substantial boost to the Company’s overall resource base and highlights the potential for further growth through exploration and development at São Jorge. With the increased resources, GoldMining is well-positioned to continue advancing the Project towards production.
Global Impact
Beyond GoldMining, this updated MRE also has broader implications for the global mining industry. The Tapajós gold district is a prolific gold region, and this significant increase in resources underscores the potential for further discoveries and growth in the district. Additionally, it highlights the continued importance of Brazil as a major player in the global gold mining industry.
Exploration and Development Plans
GoldMining plans to continue exploring and developing the São Jorge Project, with a focus on advancing the Project towards feasibility studies and ultimately, production. The Company’s ongoing exploration efforts are expected to further expand the resource base and identify new areas of potential mineralization.
Environmental and Social Responsibility
GoldMining remains committed to responsible mining practices and working collaboratively with local communities. The Company’s exploration and development activities at São Jorge will continue to prioritize the protection of the environment and the well-being of local communities.
Conclusion
GoldMining’s updated Mineral Resource Estimate for the São Jorge Project is a significant milestone for the Company and the mining industry as a whole. With a substantial increase in indicated and inferred resources, GoldMining is well-positioned to continue advancing the Project towards production. The broader implications of this update extend beyond GoldMining, highlighting the potential for continued growth and discovery in the Tapajós gold district and the importance of Brazil as a major player in the global gold mining industry.
- GoldMining reports significant increase in mineral resources at São Jorge Project in Brazil
- Indicated resource of 1.3 million ounces of gold, inferred resource of 1.1 million ounces
- Ongoing exploration efforts expected to expand resource base and identify new areas of mineralization
- Commitment to responsible mining practices and community engagement
This update marks an exciting time for GoldMining and the mining industry, and we look forward to continuing to provide updates on the Company’s exploration and development activities at São Jorge and beyond.
For more information, please visit GoldMining’s website.
