GoldMining subsidiary completes economic assessment for Alaska project

GoldMining Inc. (NYSE American: GLDG) announced that its majority-owned subsidiary U.S. GoldMining Inc. (NASDAQ: USGO) completed a positive initial economic assessment for the Whistler Gold-Copper Project in Alaska.

The Whistler Project is located 105 miles northwest of Anchorage, Alaska, and is wholly owned by U.S. GoldMining. GoldMining holds more than a 74% interest in U.S. GoldMining, according to the press release.

"Our vision and strategy for the Whistler Project began three years ago with the successful IPO of U.S. GoldMining," said Alastair Still, CEO of GoldMining. "Today's announcement of an initial PEA helps validate our belief in the potential of this asset."

The preliminary economic assessment is intended to provide an initial evaluation of the project's economic potential and development options. The company noted that the assessment includes numerous assumptions and cautioned that there is no certainty the economic projections will be realized.

GoldMining operates as a mineral exploration company focused on acquiring and developing gold assets in the Americas. The company controls a portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru.

U.S. GoldMining released additional details about the economic assessment in a separate announcement. The technical disclosure was prepared in accordance with Canadian securities law requirements under NI 43-101.

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