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GoldMining Inc.
Summary
| Project: | Almaden | |
|---|---|---|
| Deposit: | Almaden | |
| Location: | Peru | |
| Commodities: | Gold | |
| Date: | 7/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-7-2020: GoldMining Inc. announces a Resource Estimation report for its Almaden deposit at the Almaden project. Updated Mineral Resource Estimate for Project. The characteristics of gold-mercury mineralization at Almaden are consistent with a low-sulfid | |
| Resources: | (Resources): 43.47Mt @ 0.65g/t Au (Ind.) & 9.15Mt @ 0.56g/t Au (Inf.) | |
| CP/QP: | [Resource] Gregory Z. Mosher (Global Mineral Resource Services Ltd.) | |
| ABSTRACT: | The characteristics of gold-mercury mineralization at Almaden are consistent with a low-sulfidation, epithermal, hot spring deposit type. Almaden mineralization is similar to occurrences and deposits of gold, silver, and mercury elsewhere in Nevada, Oregon, and Idaho, although Almaden is unusual for this deposit type because of the elevated presence of molybdenum. The Property is underlain, from oldest to youngest, by Miocene-age basalt, Payette Formation sandstone and siltstone, and lacustrine sedimentary rocks of the Pliocene-age Idaho Group, all of which are exposed in an erosional window through the Weiser Basalt. Most gold mineralization that has been identified within the Property to date occurs within a north-trending graben and most of the drilling has been concentrated within and peripheral to that graben. The graben is bounded on the east by the Main Fault and on the west by the B Fault and sedimentary units change in thickness and character across the bounding faults. | |
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