GoldMining Discovers Gold and Copper Mineralization in Drilling 1 km from the São Jorge Deposit, Brazil

Highlights include:

The two most recent diamond drill holes successfully identified new gold and copper mineralization approximately 1 kilometre (“km”) northwest of the São Jorge gold deposit (the “Deposit”) in areas that had no previous drilling. Assay results include:

Drill hole SJD-123-24:
– 10 m at 0.66 grams per tonne (g/t) gold (Au) from 93 metres (m) depth, including:
– 2 m at 1.65 g/t Au from 93 m depth.

Drill hole SJD-124-24:
– 28 m at 275 ppm (0.0275%) copper (Cu) from 28 m depth.

The ongoing shallow auger drilling program has returned very encouraging indications of new zones of primary gold mineralization at the William South target located approximately 2 km north of the Deposit. Several auger drill holes delivered high-grade intercepts within the top of weathered bedrock, directly underlying large high-tenor surface soil anomalies. Highlight drill intercepts include:

– 1 m at 17.14 g/t Au from 12 m depth
– 1 m at 8.01 g/t Au from 6 m depth
– 1 m at 3.78 g/t Au from 10 m depth

Alastair Still, Chief Executive Officer of GoldMining, commented: “The exploration program at São Jorge completed to date has significantly advanced our geological knowledge in the São Jorge district, including better defining the high-grade core of the São Jorge deposit. The recent step-out core drilling program has identified mineralization approximately 1 km away from the existing mineral resource in an area with no previous drilling. In addition, our team has assembled exciting evidence for potential additional corridors of mineralization on the regional scale property, which were diligently identified via gold-in-soil sampling and now have been confirmed through auger drilling to include a bedrock source containing high-grade gold.”

Tim Smith, Vice President of Exploration of GoldMining, commented: “To complement the encouraging gold mineralization intersected in step-out core and auger drilling, drill hole SJD-124-24 intersected a broad zone of strongly anomalous copper which is encouraging as the Tapajos district is known to contain porphyry-style copper +/- gold mineralization. Further, gold mineralization intersected in SJD-123-24 is consistent with our thesis of an extensive high-strain corridor that could host additional gold mineralization northwest and southeast along strike of the Deposit as a component of a regional scale gold-bearing mineral system.”

Further Informaton is attached.