GoldMining Reports New Drill Results Highlighting Exploration Potential at Sao Jorge Project, Para State, Brazil
GoldMining Transitions from Asset Accumulator to Active Explorer as São Jorge Drilling Hits Discovery Milestones
The news release dated January 6, 2026, reports the completion of the 2025 exploration program at the São Jorge Project in Brazil. The company completed 9,533 metres across 84 holes using RC, diamond, and auger drilling. Key highlights include results from the William South prospect, specifically hole SJRC-048-25, which returned 12 metres at 2.38 g/t Au starting at 13 metres depth. This includes a high-grade spike of 1 metre at 22.08 g/t Au. The company notes that 18 assays remain pending and that a core IP (Induced Polarization) anomaly remains untested, suggesting further drilling in 2026. This follows a management shuffle on January 2, 2026, where Paulo Pereira stepped down as President to focus exclusively on Brazilian operations as Country Manager.
The impact of the latest news is positive but routine for a company of this scale. - Operational Progress: The company exceeded its 9,000-metre drilling target (9,533 metres completed). The results at William South confirm the presence of a mineralized system 1 km away from the main São Jorge deposit. - Geological Confirmation: The identification of 12m at 2.38 g/t Au at shallow depths is a solid "proof of concept" for the William South prospect. However, the 1m at 22.08 g/t Au indicates a high degree of "nugget effect" or localized enrichment rather than broad, consistent high-grade zones. - Strategic Shift: Moving the former President to a Brazil-specific role signals a pivot from corporate asset management toward project-level execution. This is a critical transition for a company that has historically been viewed as a passive "shelf" of projects. - Pending Data: With 18 holes still in the lab and a core IP anomaly untested, the January 6 news is a progress report rather than a final determination of the prospect's size.
GoldMining Inc. is a junior explorer with a massive, geographically diverse portfolio of gold and copper assets across the Americas. Its flagship is the São Jorge Project in Pará State, Brazil, an intrusion-related gold deposit with a current Indicated Resource of 624,000 oz Au at 1.00 g/t. The company’s strategy has recently shifted from acquiring distressed assets to actively exploring and spinning out value (e.g., U.S. GoldMining and Gold Royalty Corp).