GoldMining Brief: Updating NI 43-101 Technical Report for the Rea Uranium Project

GoldMining on Thursday said it has advanced its Rea uranium project in the Western Athabasca Basin, as the exploration program has been approved to proceed by Alberta authorities.

The proposed metallic minerals exploration application has been reviewed and authorized as an approved exploration program by the Alberta Energy Regulator.

The program includes diamond core drilling composed of up to 15 drill holes anticipated to reach a maximum 500 meters depth for an approximate total drilling program of up to 7,500 meters.

The company has received a consultation adequacy decision from the Aboriginal Consultation Office of Alberta for the proposed program. The company remains committed to further engagement and dialogue.

GoldMining owns 75% of the project and Orano Canada owns the remaining 25%.

GoldMining (GOLD.TO and NYSE American: GLDG) was at last look up 2% in U.S. pre-market Wednesday after saying it has identified "significant" antimony mineralization occurring with gold mineralization on the company's 100% owned Crucero Project in Peru's Carabaya Province.

Among highlights, the company said it identified 2.79 G/T AuEq (0.71 G/T Au And 0.59% Sb) over 79 metres and 1.91 G/T AuEq (1.56 G/T Au And 0.10% Sb) over 128 metres.

The antimony mineralization is in addition to the established "robust" gold mineralized system, the company said in a statement. It noted that due to shortages of this strategic metal, antimony spot price has increased substantially recently to approximately US$55,250 per tonne. It also noted gold mineralization at Crucero occurs with disseminated pyrite, pyrrhotite, arsenopyrite and stibnite, which the latter is an antimony-bearing mineral.

CEO Alastair Still said: "Previous evaluations of the property identified the occurrence of antimony, primarily occurring as the mineral stibnite, co-existing with and acting as a pathfinder for gold mineralization. However, with past antimony prices, its economic importance was not recognized and with the growing strategic importance of antimony exemplified by an increase in the antimony price to approximately $50,000 per tonne, we believe that we can enhance the economic value for the Crucero Project thorough re-evaluation of our database to quantify antimony as it occurs with the gold mineralization."

GOLD was unchanged at $1.16 on the TSX yesterday.

(Updates shares.)

GoldMining on Monday said it launched an exploration program at the Sao Jorge project in Brazil, its largest to date.

The program consists of a planned drilling campaign of up to 5,000 meters, additional auger drilling of up to 3,000 meters, soil sampling of up to 6,000 samples, an airborne Lidar survey and ground geophysics including induced polarization.

The company has has already begun field activities including soil sampling, mapping and prospecting and has now begun to mobilize drill rigs and personnel to commence the drilling program.

The 2025 program will undertake the first-ever deeper drill testing of new targets to explore new gold discoveries, generated from the 2024 drill program at the William South prospect.

GoldMining shares were last seen up $0.05 to $1.18 on the Toronto Stock Exchange.

GoldMining on Monday said it has initiated an exploration program at the Sao Jorge project in Brazil, the company's largest program initiated to date.

The program consists of a planned drilling campaign of up to 5,000 meters, additional auger drilling of up to 3,000 meters, soil sampling of up to 6,000 samples and airborne Lidar survey and ground geophysics including induced polarization.

The company has previously commenced field activities including soil sampling, mapping and prospecting and has now begun to mobilize drill rigs and personnel to commence the drilling program.

The 2025 program will undertake the first-ever deeper drill testing of new targets to explore new gold discoveries, generated from the 2024 drill program at the William South prospect.

GoldMining's share price gained 3.7% to $1.13 on the TSX on Friday.