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GoldMining Subsidiary, U.S. GoldMining More Than Doubles Indicated Mineral Resource Estimate to 6.48 Million AuEq Oz with an Additional 4.16 Million AuEq Oz Inferred for the Whistler Project, Alaska
Designated News Release VANCOUVER, BC, Oct. 8, 2024 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is
About this update from U.s. Goldmining Inc.
[{"type":"text","content":"Designated News Release\nVANCOUVER, BC, Oct. 8, 2024 /PRNewswire/ - GoldMining Inc. (the \"Company\" or \"GoldMining\") (TSX: GOLD) (NYSE American: GLDG) is pleased to highlight an updated Mineral Resource Estimate (\"Whistler MRE\") that was announced by its publicly traded subsidiary, U.S. GoldMining Inc. (\"U.S. GoldMining\") (NASDAQ: USGO) on October 7, 2024 for U.S. GoldMining's Whistler Gold-Copper Project (the \"Project\") located in Alaska, U.S.A. \nHighlights:\nThe highlights of U.S. Goldmining's announcement include:\nIndicated Mineral Resource: 294 million tonnes (\"Mt\") at 0.68 grams per tonne (\"g/t\") gold equivalent (\"AuEq\") for 6.48 million ounces (\"Moz\") AuEqInferred Mineral Resource: 198 Mt at 0.65 g/t AuEq for an additional 4.16 Moz AuEqEstimated gold equivalent ounces in the indicated category have increased by approximately 117% compared to the 2022 MRE*The Whistler MRE was constrained using a series of conceptual pit design shells for the Whistler deposit, which assumed a first phase with an estimated 22.4 Mt of mineralized material at a grade of 1.04 g/t AuEq and a strip ratio of 0.08:1 (waste:ore)The three Au-Cu-Ag porphyry deposits comprised within the Whistler MRE - Whistler, Raintree and Island Mountain - occupy approximately 1% of the U.S. GoldMining's land holdings and occur within a cluster of high priority targets sharing key geological characteristics with the known deposits, thereby highlighting the broader exploration potential of the ProjectU.S. GoldMining is currently systematically exploring nearby targets within the 'Whistler Orbit' where an additional 12 potential targets remain under-exploredThe Whistler MRE encompasses 2023 drilling as reported earlier this year (see U.S. GoldMining news release January 16, 2024), including the initial intercept contained within WH23-03 which comprised 547 m at 1.06 g/t AuEqIt excludes recently reported confirmatory assays from the re-entry of WH23-01 drilled in 2024 (see U.S. GoldMining announcement September 30, 2024) which now extends the mineralized intercept to 652.5m at 1.00 g/t AuEqThe 2024 core drilling program has now concluded, achieving 4,006 meters of drilling in 6 holes.Alastair Still, Chief Executive Officer of GoldMining, commented: \"Since the initial public offering of U.S. GoldMining in April 2023, we are extremely pleased by the pr...