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GoldMining Confirms Additional Mineralization at the São Jorge Project, Brazil, Including 19 Metres Grading 1.24 g/t Gold

Core Insights - The recent drilling results from São Jorge indicate successful completion of the confirmatory drilling program, with significant gold mineralization identified in the latest drill holes SJD-121-24 and SJD-122-24 [1][14] Drilling Results - SJD-122-24 reported an interval of 19 meters at 1.24 grams per tonne (g/t) gold from a depth of 61 meters, including 7 meters at 2.98 g/t gold from 68 meters [2] - SJD-121-24 showed 18 meters at 0.70 g/t gold from 86 meters depth, with 8 meters at 1.14 g/t gold from 88 meters [2][16] Geological Context - The mineralization at São Jorge consists of fracture-controlled sulphide and quartz veins, primarily pyrite, with higher gold grades associated with thicker veins and a higher density of semi-massive to massive pyrite [4] - The project is located near key infrastructure, including paved highways and a new powerline corridor, facilitating exploration activities [3] Project Development - The drilling program commenced in May 2024, with the first confirmatory hole SJD-120-24 previously reported, showing an interval of 163 meters at 1.02 g/t gold [15] - The ongoing auger drilling program aims to map bedrock lithology and collect geochemical samples, which may help identify new zones of mineralization [14] Industry Context - São Jorge is situated within the Tapajós Gold District, which has historically produced over 20 million ounces of gold from artisanal mining [14] - The district is home to significant mining operations, including Serabi Gold Plc.'s Palito Mine and G Mining Ventures Corp.'s Tocantinzinho mine, which is currently commissioning its processing facility [14]