#Brazil #GoldMining #Pará #São Jorge

GoldMining Unveils New Insights from São Jorge Drilling Campaign

GoldMining Inc., a prominent player in the mineral exploration landscape, is making waves with its latest announcement regarding the São Jorge Project located in Brazil's Tapajós gold district. The company has recently released its initial assay results from the 2025 reverse circulation (RC) drilling program, aimed at uncovering new exploration targets outside the previously established mineralization zones.

Overview of the São Jorge Project

The São Jorge Project is strategically positioned in the heart of Brazil's Tapajós gold district, an area known for its rich geological history and significant gold deposits. The project spans an impressive 46,000 hectares, providing ample opportunities for further exploration and potential gold recovery. With a 50-person camp and accessible infrastructure, exploration activities are facilitated by easy access to paved highways and grid power, enhancing operational efficiency.

Noteworthy Initial Findings

The initial drilling results are significant not only for their immediate implications for GoldMining but also for the future exploration trajectory of the São Jorge Project. Some of the most striking findings include:
1. Dragon West Prospect: Drilling revealed a 1-meter intercept containing 5.98 grams per tonne (g/t) gold at a depth of 19 meters.
2. William North: Intercepts illustrated 2.90 g/t gold from 49 meters depth, underscoring the prospect's potential.
3. Ivonette Prospect: A drilling segment showed 9 meters at 0.43 g/t gold from just 1 meter deep, with a noteworthy inclusion of 1 meter measuring 1.06 g/t from 4 meters depth.
4. William South: Here, 4 meters of drill core graded at 1.78 g/t gold from 12 meters depth, indicating viable mineralized zones that call for further exploration.

In total, 8,514 meters of drilling were executed so far, which consists of diamond core drilling, reverse circulation drilling, and auger drilling. This comprehensive program represents the most extensive exploration efforts undertaken by GoldMining to date. As a pivotal part of these operations, it's worth noting that RC drilling was implemented for the first time at this project, resulting in significantly reduced costs, enhancing the project's economic angle.

Methodology and Future Plans

The ongoing drilling campaign aims to test multiple shallow targets while pushing deeper investigations into already established areas of mineralization. With several diamond core and RC samples currently undergoing processing, GoldMining anticipates reporting more results shortly, which could further elucidate the mineral potential within distinct prospects.

The resumption of RC drilling is expected in the near term, focusing on step-out drilling to expand on the newly identified discoveries. Furthermore, additional surface geochemical anomalies suggest that expanded auger drilling could be beneficial, warranting significant attention.

Geophysical surveying, including Induced Polarisation (IP) methods, is already in progress, aiming to provide a more comprehensive view of the sub-surface geology. An airborne LiDAR survey has also been completed, assisting in the mapping and sampling phase of this extensive project.

Why This Matters

GoldMining’s exploration endeavors at São Jorge signify not just a corporate initiative but a critical investment into sustainable resource recovery. The initial findings point to the potential for significant gold resources that can be harnessed for the future. Alastair Still, the CEO of GoldMining, expressed enthusiasm about the promising initial results stating that they reflect the identification of several new mineralization zones that had never previously been drilled. This could lead to the enhancement of the company's resource base in a rapidly emerging region renowned for its potential gold yields.

In conclusion, as GoldMining Inc. continues its exploration journey at the São Jorge Project, the mining community and investors alike will be keenly watching how these developments unfold. With valuable landscapes at stake and a disciplined approach to exploration, GoldMining stands poised to make a notable impact in the Brazilian gold mining sector. As the firm pushes ahead with its ambitious plans, further updates are sure to attract attention within the mineral exploration arena.