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GoldMining Inc.

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Summary

Project:

Yarumalito

Deposit:Yarumalito
Location:Colombia
Commodities:Copper-Gold
Date:6/15/2020
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:15-6-2020: GoldMining Inc. announces a Resource Estimation report for its Yarumalito deposit at the Yarumalito project. Mineral Resource update for Yarumalito. Global Mineral Resource Services (GMRS) has been retained by GoldMining Inc. (GMI or the Compan
Resources:(Resources, Inf.): 66.27Mt @ 0.58g/t Au, 0.09% Cu
CP/QP:[Resource] Gregory Z. Mosher (Global Mineral Resource Services Ltd.)
ABSTRACT:Global Mineral Resource Services (GMRS) has been retained by GoldMining Inc. (GMI or the Company) to prepare a mineral resource estimate for the Yarumalito Gold-Copper Property (Property) and documented that estimate in a Technical Report (Report) prepared in accordance with National Instrument 43-101 (NI 43-101) and Form 43-101F1. The Property is located in the Departments of Antioquia and Caldas, Republic of Colombia, is centred at 75.63° West Longitude and 5.58° North Latitude and consists of one unified concession contract (T-380005) with an aggregate area of 1,453.1 hectares. In addition, the Property includes approximately 9.96 hectares of real estate and 0.36 hectares of possession-occupation rights that partially cover the area of diamond drilling and mineral resource documented in this technical report. GMI owns 100% of the Property through a wholly-owned Colombian subsidiary (GoldMining Exploraciones S.A.S.), subject to a 1% net smelter return royalty (NSR) to Newrange Gold Corp. (Newrange) that can be purchased for CAD$1,000,000 at any time before the completion of a feasibility study on the Project.

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