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GoldMining starts 8,000-meter drill program at São Jorge project in Brazil

March 30, 2026 6:31 AM

GoldMining Inc. (NYSE American: GLDG) has commenced an 8,000-meter drilling program at its São Jorge Project in the Tapajós gold district of Pará State, Brazil, according to a company statement.

The two-rig program focuses on high-priority targets identified during 2025 exploration activities near the existing São Jorge mineral resource. The drilling will test new zones of potential bedrock mineralization at geochemical and geophysical targets.

Priority targets include William South, located within 2 kilometers of the existing deposit. Initial drill results from this area, reported January 6, 2026, included 12 meters at 2.38 grams per tonne gold from 13 meters depth, with 1 meter at 22 grams per tonne gold.

The company is conducting an induced polarity survey covering 49 line-kilometers to the east of the deposit, expanding existing geophysical coverage. GoldMining has identified a mineral system spanning 12 kilometers by 7 kilometers of elevated surface geochemical anomalies surrounding the deposit.

"This drill program marks a pivotal step in our 2026 exploration strategy at São Jorge," said Alastair Still, president and chief executive officer. "We are exploring in the prolific Tapajós gold district with an estimated 30 million ounces of historical surficial gold production."

The 46,485-hectare property includes existing infrastructure such as grid power, highway access, and a 50-person operational camp. GoldMining operates a portfolio of resource-stage gold and gold-copper projects across Canada, the United States, Brazil, Colombia, and Peru.

Tim Smith, vice president of exploration, supervised the preparation of technical information in the statement and serves as the qualified person under National Instrument 43-101 standards.

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