GoldMining Commences 2026 Exploration Program at its Sao Jorge Project, Brazil

The most recent news (March 30, 2026) announces the commencement of a fully-funded 8,000-meter drill program at the 100%-owned São Jorge Project in Brazil. This follows the completion of a 9,533-meter program in 2025. Key highlights include: - Deployment of two rigs focusing on the William South target and the São Jorge Deposit. - Initial 2026 results from William South showing 12m @ 2.38 g/t Au (including 1m @ 22 g/t Au). - Expansion of geophysical coverage with a 49-km IP survey to test a large chargeability anomaly. - This follows a string of positive Q1 2026 updates, including a 75% increase in Indicated resources at the Crucero Project (Peru) due to the inclusion of Antimony, and the completion of a Preliminary Economic Assessment (PEA) at the Whistler Project (Alaska) by its 74%-owned subsidiary, U.S. GoldMining.

The news is Routine - Positive. While the commencement of the 2026 program is a necessary step for value creation, it is an incremental follow-up to the 2025 exploration results announced in January 2026. - Operational Continuity: The company is successfully transitioning from 2025 data interpretation to 2026 execution without financing delays, which is positive for a junior explorer. - Resource Expansion Potential: The identification of the "William South" anomaly, which mimics the signature of the main São Jorge deposit, suggests potential for a satellite discovery that could materially change the project's scale. - Subsidiary Strength: The PEA completion at Whistler (Alaska) provides a valuation floor for GoldMining’s 74% stake in U.S. GoldMining, though the parent company's stock often lags the subsidiary's direct catalysts. - Critical Minerals Pivot: The inclusion of Antimony at Crucero is a strategic move to align with "critical minerals" narratives, significantly boosting gold-equivalent (AuEq) ounces by 75% in the Indicated category.

GoldMining Inc. is a mineral exploration company with a diversified portfolio of gold and gold-copper projects across the Americas. - Flagship Project: São Jorge (Brazil), located in the Tapajós gold district. It currently hosts a defined resource with significant infrastructure (grid power, highway access). - Secondary Projects: Whistler (Alaska) via U.S. GoldMining, Crucero (Peru), and several other resource-stage assets in Colombia and Canada. - Strategy: The company focuses on acquiring large resource-stage assets during market downturns and advancing them through exploration and engineering during upcycles.