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GoldMining starts 6,000m infill drilling and Pre-Feasibility Study at São Jorge Project
GLDGGoldMining Inc.
GoldMining Inc. has commenced a planned 6,000-metre infill diamond core drilling program using three rigs at its 100%-owned São Jorge Gold Project in Brazil. The initiative aims to enhance confidence in existing inferred resources by upgrading them to indicated classification for an updated mineral resource estimate. Concurrently, the company launched a Pre-Feasibility Study (PFS) expected to be completed in the first half of 2028. The PFS will build upon a Preliminary Economic Assessment that modeled a US$532 million NPV at a 5% discount rate and a 42.4% internal rate of return based on a base case gold price of US$3,500 per ounce. GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas.