GoldMining announces assay results from drilling program at Sao Jorge project

GoldMining announced assay results from the first drill hole of its recently announced drilling program at the Company’s 100% owned Sao Jorge Project on the Tapajos Gold district, Para State, Brazil. The program consists of approximately 1,000 metres of total proposed diamond core drilling and 3,000 m of power auger drilling. The objectives of the program include, among other things, to complete confirmatory drilling within and near the margins of the existing Sao Jorge gold deposit, and test a reinterpretation of the structural controls on high-grade mineralization. Assay results for the first diamond drill hole have been received and are reported in this release. Drill Hole SJD-120-24 highlights include: 163 m at 1.02 grams per tonne gold from 44 m downhole depth, including higher-grade intersections: 20 m at 1.37 g/t Au from 44 m depth; 37 m at 2.26 g/t Au from 95 m depth; 11 m at 1.00 g/t Au from 148 m depth; 13 m at 1.35 g/t Au from 166 m depth; and 12 m at 1.15 g/t Au from 195 m depth. Tim Smith, Vice President of Exploration, commented: “We are pleased to announce the results from the first drilling at Sao Jorge in more than a decade. The results from this first drill hole are strong and we believe help demonstrate an extensive corridor of mineralization consisting of multiple intercepts of broad gold mineralization. These include some narrower higher-grade zones. Oriented diamond core drilling has successfully confirmed our thesis for the structural controls on mineralization within the deposit, which was the first objective of our multi-pronged drilling program. We expect that the improved geological model based on these intercepts will provide greater confidence in future mineral resource estimation. Additionally, we have commenced the auger drilling component of the program and forward to providing additional updates.”