GoldMining Inc. Reveals Promising Advances in Antimony and Gold Drilling at Crucero Project in Peru
GoldMining Inc. Reports Strong Historic Drill Results at Crucero Project
GoldMining Inc., a mineral exploration company based in Vancouver, has recently announced promising results from historic drilling activities at its Crucero Project located in the Carabaya region of Peru. The announcement, made on June 17, 2025, highlights crucial findings that showcase significant mineralization of both gold and antimony, increasing the project's potential for dual metal mining.
Key Findings
The results indicate high-grade mineralization with notable drill intercepts. For example, one of the most impressive results found was an intercept of 4.01 grams per tonne (g/t) gold equivalent (AuEq) over 56 meters, comprising 2.06 g/t gold and 0.55% antimony. Another significant intercept reported was 2.54 g/t AuEq over 107 meters, containing 1.44 g/t gold and 0.31% antimony. These findings are part of an ongoing validation and review of historical assay results, which continues to unearth valuable mineralization.
Project Background
The Crucero Project spans 79 drill holes and over 24,705 meters of drilling aimed at assessing the orogenic gold mineralization associated with pyrite, pyrrhotite, arsenopyrite, and stibnite—a mineral containing antimony. Previous exploration activities have included geological mapping and surface geophysical surveys that have laid the groundwork for current endeavors. The project is strategically situated in the Andes, approximately 10 kilometers from the village of Caserio de Oscoroque, and is well connected to major transportation channels including an airport in Juliaca.
According to Alastair Still, CEO of GoldMining, the latest drilling results not only reinforce the company's confidence in the Crucero Project's potential as a dual gold-antimony resource but also come at a pressurized time with antimony prices at near-record highs. The combination of historic gold and antimony findings contributes to a unique opportunity to enhance the economic viability of the project.
Implications for Future Development
These developments are promising for GoldMining as they suggest that the project has been underexplored for its critical metal potential. Antimony has become increasingly important in various industries, primarily due to its applications in flame retardants and other technologies. Thus, its rising demand could incentivize further investments into the Crucero Project.
The current assay database now boasts over 17,000 records, including more than 13,296 with independent laboratory certificates, allowing for more precise analysis and verification of mineral grades and distribution across the site. The company aims to improve its database further by locating additional archival assay certificates, which could bolster the economic outlook for the Crucero Project even more.
Conclusion
The assertion of GoldMining that Crucero is a promising location for extraction stems not only from recent revelations but also from an ongoing commitment to thorough analyses of both historical and new data. The reported results serve as a strong foundation for the company's endeavors in the mining sector. As the company explores current initiatives and works to maximize the project's potential, ongoing assessments will play a critical role in determining its future.
GoldMining continues to expand its reach across the Americas, actively pursuing gold assets that promise sustainable growth and development. The developments at the Crucero Project exemplify the proactive exploration strategies that the company employs, ensuring that it remains at the forefront of mineral exploration and development in a climate where dual metal mining can result in increased profitability and value creation. As the market for gold and antimony continues to evolve, GoldMining's efforts at Crucero could position the company as a leader in the exploration and extraction of these vital resources.