GoldMining Initiates Largest Exploration Program at São Jorge Project in Brazil
VANCOUVER, BC, April 14, 2025 – GoldMining Inc. (GoldMining or the Company), a Canadian gold exploration and development company with a focus on the Americas, is thrilled to announce the commencement of its largest exploration program to date at its 100% owned São Jorge Project (São Jorge or the Project) in the Tapajós gold district, Pará State, Brazil.
Background on the São Jorge Project
The São Jorge Project, which covers approximately 2,950 hectares, is located in the heart of the Tapajós gold district, an area renowned for its significant gold resources. GoldMining acquired the Project in 2019 through an agreement with AngloGold Ashanti, and since then, the Company has been conducting extensive exploration work. The Project is situated near the town of São Jorge do Arari, approximately 250 kilometers northwest of the city of Santarem and 135 kilometers south of the city of Altamira.
Exploration Program Details
The exploration program at São Jorge will consist of approximately 15,000 meters of reverse circulation drilling, focused on expanding the known gold resources at the Project. The drilling will target both the Bom Dia and the Novo Brasil deposits, which have already shown promising exploration results. The Company expects to complete the drilling program by the end of 2025.
Impact on GoldMining
This exploration program marks a significant milestone for GoldMining as it represents the largest exploration investment the Company has made to date. The drilling program is expected to provide valuable data that could potentially lead to the discovery of new gold resources, increasing the Project’s overall value and expanding GoldMining’s gold production potential.
- Expansion of known gold resources
- Increase in Project value
- Potential for increased gold production
Impact on the World
The exploration program at São Jorge could contribute positively to the global gold industry by potentially discovering new gold resources. The Tapajós gold district is known for its rich gold deposits, and the discovery of new resources could lead to increased gold production, which could help meet the growing demand for gold. Additionally, the exploration program may create employment opportunities for local residents and contribute to the economic development of the region.
- Potential discovery of new gold resources
- Contribution to the global gold industry
- Creation of employment opportunities and economic development
Conclusion
GoldMining’s announcement of the largest exploration program to date at its São Jorge Project in Brazil is an exciting development for the Company and the global gold industry. The exploration program, which consists of approximately 15,000 meters of reverse circulation drilling, is expected to provide valuable data that could potentially lead to the discovery of new gold resources. This could significantly increase the Project’s overall value and expand GoldMining’s gold production potential. Furthermore, the discovery of new resources in the Tapajós gold district could contribute positively to the global gold industry by meeting the growing demand for gold and creating employment opportunities and economic development in the region.
