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U.S. GoldMining Mobilizes 2026 Exploration Program Targeting District-Scale Potential at the Whistler Project, Alaska
U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") is pleased to announce that it has commenced activities on its planned exploration program (the "Program") at its Whistler Gold-Copper Project in Alaska ("Whistler" or the "Project").
About this update from U.s. Goldmining Inc.
[{"type":"text","content":"ANCHORAGE, Alaska, April 20, 2026 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") is pleased to announce that it has commenced activities on its planned exploration program (the "Program") at its Whistler Gold-Copper Project in Alaska ("Whistler" or the "Project").","length":353,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Executing Growth Strategy: The 2026 Program will comprise diamond core drilling targeting several high-priority near-deposit potential upside opportunities and new targets within the Whistler – Raintree area (see Figure 1). The objective is to develop a pipeline of discoveries that will underpin growth opportunities for the Project.","length":334,"tagName":"p"}]},{"val":[{"type":"text","content":"Mobilization Underway: The Company has recently completed pre-mobilization of critical equipment and consumables to the Project. This proactive staging positions the exploration team to commence summer exploration activities and drilling as soon as conditions allow.","length":266,"tagName":"p"}]},{"val":[{"type":"text","content":"Building on Strong Economic Foundation: The exploration strategy complements the strong Whistler economics and rapid payback demonstrated in the recently announced Whistler initial economic assessment ("PEA")1. See news release dated March 2, 2026, which outlined:","length":274,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"After-tax net present value at 5% discount rate ("NPV5%") of $2.0 billion, an internal rate of return ("IRR") of 33%, and initial payback of 2.1 years, at Base Prices.","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"At spot prices, an after-tax NPV5% of approximately $4.9 billion, an IRR of 62%, and an initial payback of just 1.2 years.","length":122,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":309,"olType":false}]},{"val":[{"type":"text","content":"Untapped Potential: The 2026 PEA considers only one of three deposits with stated mineral resource estimates on the property, highlighting the district-scale potential the upcoming program aims to unlock.","length":204,"tagName":"p"}]}],"tagName":"ul","bulleted...