GoldMining Drilling Intercepts Gold Mineralization at Depth, Sao Jorge Project Para State, Brazil

The news release dated January 26, 2026, reports final assay results from the 2025 diamond core drilling program at the São Jorge Project in Brazil. The program completed 9,533 meters of drilling. Key results include a deep intercept of 19 meters at 1.0 g/t gold from 425 meters depth (within a broader 73-meter zone of 0.54 g/t gold), indicating potential for depth extension of the known deposit. The release also confirms the discovery of the "William South IP Anomaly," a large, high-tenor chargeability feature with a scale similar to the deposit's own signature, extending over 1 kilometer and located approximately 2 kilometers from the deposit. Drilling to test this new anomaly is planned for 2026. The CEO expressed encouragement about the potential for resource expansion and the emerging target area.

The news is materially positive. It provides two key pieces of information: 1) Confirmation that significant gold mineralization persists at depth at the flagship São Jorge deposit, supporting potential resource growth beyond the current pit-constrained estimate. 2) Identification of a large, drill-ready geophysical target (William South) that is analogous in scale to the main deposit, representing a potential new discovery opportunity within the property's extensive mineral system. This news builds positively on a series of consistent exploration updates throughout 2025 and early 2026, demonstrating continued technical success and de-risking the project's exploration upside. The market had likely anticipated positive results following the January 6, 2026, release, but the confirmation of a major new anomaly adds a new, tangible catalyst.

GoldMining Inc. is a Canadian mineral exploration company focused on acquiring and developing resource-stage gold and gold-copper projects in the Americas. Its portfolio includes projects in Canada, the U.S., Brazil, Peru, and Colombia. The flagship project is the São Jorge Project in the Tapajós gold district of Pará State, Brazil. As of the updated NI 43-101 report (effective Jan 28, 2025), São Jorge hosts an Indicated Resource of 624,000 oz gold (19.42 Mt at 1.00 g/t) and an Inferred Resource of 129,000 oz gold (5.56 Mt at 0.72 g/t), constrained within a conceptual pit. The project benefits from excellent infrastructure, including grid power and proximity to a major highway. The company's strategy involves systematic exploration to expand resources and advance multiple assets in tandem.