U.S. GoldMining Partners with Ausenco for Initial Assessment at Whistler Project in Alaska

U.S. GoldMining and Ausenco Join Forces for Whistler Project Assessment

U.S. GoldMining Inc. has recently announced its collaboration with Ausenco Engineering Canada ULC to conduct an initial economic assessment for its Whistler Gold-Copper Project, situated roughly 105 miles northwest of Anchorage, Alaska. This partnership aims to explore and outline the development potential for a standalone open-pit mining operation, which includes the establishment of a concentrator facility.

The preliminary economic assessment (PEA) is designed to adhere to U.S. Regulation S-K 1300 and the Canadian National Instrument 43-101, setting a framework for effective economic evaluation. The Whistler Project is recognized for its substantial existing infrastructure and continuous development activities in the region, further enhancing its attractiveness as a mining site.

Overview of the Project

The Whistler Project boasts a mineral resource estimate of approximately 6.48 million ounces of gold equivalent for the indicated resource category, accompanied by 4.16 million ounces in the inferred category. This mineral resource estimation is vital for determining the future viability of the project. The project's high-grade, near-surface core materials are expected to significantly benefit the mining operation in its early production years.

The PEA will leverage an updated mineral resource estimate from Moose Mountain Technical Services, incorporating recent drilling data from 2024 that was not previously available. Alongside this, metallurgical testing is currently underway by Base Metallurgical Laboratories Ltd., further supporting the groundwork for the assessment study.

In selecting Ausenco for this task, U.S. GoldMining undertook an extensive bidding process, attracting initial interest from 13 consulting firms. Following a rigorous Request for Proposal review of six shortlisted candidates, Ausenco emerged as the chosen partner, acclaimed for its broad expertise and proven track record in delivering similar projects.

Statements from Leadership

Tim Smith, the CEO of U.S. GoldMining, expressed enthusiasm regarding the collaboration, stating, “We're delighted to be able to announce that we have partnered with Ausenco on this important work program. We're excited to deliver the first PEA on Whistler, as we believe it will present a meaningful mining opportunity and have the potential to unlock substantial value for our shareholders.” Smith emphasized the company’s commitment to providing regular updates throughout the study process, which they aim to complete by the end of the year.

David Thomas, Vice President at Ausenco, echoed these sentiments, stating, “Ausenco is pleased to partner with U.S. GoldMining on the Whistler Gold-Copper Project PEA. We've successfully completed studies for clients worldwide, and as a lifelong Alaskan familiar with the Matanuska-Susitna Borough area, I'm excited to contribute to this initiative.”

Background on U.S. GoldMining Inc.

U.S. GoldMining Inc. is dedicated to exploration and development, focusing primarily on advancing the Whistler Gold-Copper Project, which encompasses several gold-copper porphyry deposits and various exploration targets. This 100% owned asset spans approximately 53,700 acres of state mining claims in Alaska, presenting significant potential within its vast regional land package.

By selecting Ausenco, U.S. GoldMining is setting the stage for a robust assessment, with an eye toward future growth and sustainability in mining operations. For more information, interested parties can visit U.S. GoldMining's official website.