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GoldMining Inc.
Summary
| Project: | Almaden | |
|---|---|---|
| Deposit: | Almaden | |
| Location: | Peru | |
| Commodities: | Gold | |
| Date: | 6/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-6-2020: GoldMining Inc. announces a Resource Estimation report for its Almaden deposit at the Almaden project. Initial Mineral Resource Estimate for Almaden. VANCOUVER, June 3, 2020 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD; OTC | |
| 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: | VANCOUVER, June 3, 2020 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD; OTCQX: GLDLF) is pleased to announce a mineral resource estimate for its 100% owned Almaden Gold Project ("Almaden" or the "Project") located in Idaho. The mineral resource estimate was prepared by Global Mineral Resource Services of Vancouver, Canada and includes a pit constrained indicated resource of 43,470,000 tonnes grading 0.65 g/t gold (910,000 ounces) and an inferred resource of 9,150,000 tonnes grading 0.56 g/t gold (160,000 ounces) using a 0.3 g/t gold cut-off. Garnet Dawson, CEO of GoldMining, commented: "Almaden's near surface resource is mostly in the indicated category (approximately 85%), which facilitates potential economic studies without the major expense of infill drill programs to upgrade inferred resources to measured and indicated categories. Future exploration programs will look to model metallurgical recoveries across the deposit along with additional metallurgical test work to determine potential processing scenarios before undertaking a potential future preliminary economic assessment. Exploration potential and upside for future resource growth is believed to be high given the shallow average depth of existing drilling of approximately 75 metres. Together with our resource estimate for our Yarumalito project, the Almaden resource estimate marks the second resource estimate completed by our team in 2020. This is a testament to our team's continued dedication to our long-term strategy and builds on the value generated by our recent acquisitions. | |
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