#Brazil #GoldMining #Pará #São Jorge

GoldMining Starts 2026 Exploration at São Jorge Project

GoldMining Inc. has officially kicked off a rigorous exploration drill program at its São Jorge Project, located in the renowned Tapajós gold district of Pará State, Brazil. This initiative reflects the company's commitment to enhancing its mineral resource estimates while exploring new areas of potential mineralization.

Overview of the São Jorge Project

The São Jorge Project is entirely owned by GoldMining and spans a significant territory within the prestigious Tapajós gold district. This area has historically been prolific, with estimates suggesting up to 30 million ounces of gold produced from surface operations. For the year 2026, GoldMining is set to implement a comprehensive exploration strategy that will include systematic drilling targeting high-priority areas identified during exploratory efforts in 2025.

Details of the Drill Program

The ongoing drilling program is both ambitious and fully funded, utilizing two drill rigs to complete an 8,000-meter drill campaign. This initiative will not only follow up on previously identified targets but will also venture into new geochemical and geophysical areas that show significant promise. Noteworthy is the focus on a key site, William South, situated merely 2 km from the existing São Jorge mineral resource. Recent drill results from this area highlight substantial gold grades, including:

• - 12 meters at 2.38 grams per tonne (g/t) from a depth of 13 meters, featuring 1 meter at an impressive 22 g/t.
• - 4 meters at 1.11 g/t from 46 meters depth.
• - 1 meter at 1.23 g/t from 16 meters depth.

Such findings establish a robust foundation for further exploration in this vicinity.

Geophysical Surveys and Future Potential

Accompanying the drilling efforts, GoldMining is also expanding its geophysical assessments. An Induced Polarity (IP) chargeability survey has been implemented across 49 line-kilometers east of the Deposit. This expansion of geophysical coverage is critical, as it will help define mineral systems over a broader area and identify new targets for exploration.

The current exploration efforts have mapped out a substantial geochemical anomaly spanning approximately 12 km by 7 km around the Deposit. These findings further elevate the exploration potential of the São Jorge Project, highlighting its significance within GoldMining’s overall portfolio.

Comments from Leadership

Alastair Still, the President and CEO of GoldMining, emphasized the strategic importance of this drill program. He stated, "This drill program marks a pivotal step in our 2026 exploration strategy at São Jorge. Given our established infrastructure, including grid power and highway access, we can ensure that funding is directed toward expanding our mineral resources without significant logistical challenges."

This statement underscores the company’s readiness and determination to maximize its prospects in a lucrative gold mining sector.

Conclusion

With the São Jorge Project at the core of its operations, GoldMining Inc. is not only cementing its place in the Brazilian gold mining landscape but also setting a foundation for significant growth through strategic exploration initiatives. As the landscape of gold production evolves, GoldMining's focused approach could yield promising results for its stakeholders and investors.

• ---

About GoldMining Inc.

GoldMining Inc. specializes in acquiring and developing gold resources across the Americas, with projects strategically located in Canada, the U.S.A., Brazil, Colombia, and Peru. The company’s disciplined acquisition strategy allows it to maintain a diverse portfolio of projects, poised for future growth in the mining sector.

Forward-looking Statements

This announcement contains statements that are forward-looking in nature. Such statements involve known and unknown risks and uncertainties that may lead to actual results differing materially from expectations. Factors that may influence outcomes include changes in commodity prices, fluctuating costs, and regulatory challenges. Stakeholders are advised to consider these risks when interpreting forward-looking statements.